Whether you live in Spruce Grove, Stony Plain, Parkland County, the Edmonton region or elsewhere, you have probably heard the phrase “location, location, location” used in real estate and wondered why the need to state it three times.  It is repeated to emphasize its importance.  It is one of those things in real estate that just is, and when you ignore its importance you will likely regret it.

As a buyer myself, I ignored it twice in the last 30 years.  One of those times was when I remustered to a Structural Technician (changed trades) while serving in the Canadian Armed Forces.  My first posting was to Wainwright, Alberta where housing was pretty pricey, so we decided to purchase a major fixer upper in Czar, Alberta (200 people, 10,000 head of cattle), 50 km south of Wainwright.  My thinking was twofold:  we could buy a house a lot cheaper in Czar, and this would be good practical experience to experiment with my new construction trade.  We could add sweat equity to this house, making a really nice home and still be competitive with the Wainwright market.

My wife Paulette and I spent the next 3 ½ years gutting the house, including the interior walls, kitchen, basement, lighting, electrical…  In the end the house turned out beautiful.  But when we got posted to the north end of Vancouver Island, no one wanted to buy the house, because we could not compete with the buyers’ desire to live in Wainwright.  To make a long story short, we rented the house to the only person who applied, and that person trashed the house.  I took time off, came back to Czar, fixed the house up for sale and put it back on the market, selling it for what the market would bear. The lesson here:  Buyers will pay a premium to live where they want to live. 

“Location, location, location” usually means attractive neighbourhoods close to schools, hospitals, and facilities for entertainment, recreation and shopping.  It can mean proximity to a lake or backing onto a park, green space or golf course.  Homes in undesirable locations might be next to commercial/industrial buildings, beside railway lines, under flight paths, or in neighbourhoods with high crime rates.  Also included are economically depressed areas, where neighbours show zero pride of ownership in maintaining their homes and yards.

Although you will pay a premium to buy in a desirable location, the payback is well worth the extra cost.  Desirable locations sell quicker, usually appreciate at a greater rate, and are likely to sell before less desirable locations even when the market is slow.

From my past experiences, if budget is an issue (and when isn’t it?), I would settle for a smaller home located in a desirable location, later moving up to a larger home when I could afford it.

Looking for a great home in a great location?  Let me help!  Call me at 780-910-9669, email me at barry@barryt.ca, or contact me here.

The single most valuable item most of us will ever own is our home, whether in Spruce Grove, Stony Plain, Parkland County, the Edmonton area, or elsewhere.  It makes sense – and money, when it comes time to sell our property – to keep it up to date and in good repair.

Every home repair and maintenance job could be hired out to a professional tradesman.  Most of us don’t have the expertise or tools to tackle a job like replacing eavestroughs or reshingling the roof or repairing the springs on an automatic garage door opener.

But the average homeowner doesn’t always have to go to the trouble and expense of locating and employing a professional.  A little instruction and practice make many home improvement and repair jobs fairly easy and even fun to do.  One word of caution however:  If you do decide to do the job yourself, the finished product must look as though it was done by a pro!

Where do you go to get the information and help you need so you can do it yourself?

• Check out your local public library.  The do it yourself marketplace has exploded in recent years with a huge array of books, magazines and videos devoted to home improvement.  The library is a good place to find the best and most recent of these, and all for the low price of a library card.
• Visit a large bookstore like Chapters for even more information.  Flip through current issues of magazines such as
  • Canadian Home Workshop
  • Canadian Homes and Cottages
  • Canadian House and Home
  • Canadian Woodworking and Home Improvement Magazine
  • The Family Handyman
  • Remodeling Magazine
  • Renovation Style Magazine (from Better Homes & Gardens)
  • and many others
• See what cable television has to offer on networks like
  • Home and Garden Television and HGTV Canada
  • DIY Canada
  • Arts and Entertainment (A&E)
  • The Learning Channel (TLC)
• Attend home shows like the Edmonton Home and Garden Show,  the Edmonton Renovation Show or the Home and Renovation Show where you can connect in person with home improvement experts, as well as local contractors and tradespeople.
• Stores like Home Depot (Home Improver Club) routinely offer workshops on topics such as installing bathroom faucets, planting a garden, replacing countertops and the like.
• And of course there’s the internet, with thousands of websites and forums devoted to every home improvement topic imaginable.  Here are a few we like:
  • Ask the Builder
  • Bob Vila
  • Canadian Tire How To
  • Do It Yourself
  • Fix It Club
  • Handyman Club
  • HIP: Home Improvement Projects
  • Home Improvement
  • Home Renovation Guide
  • Home Renovations at About.com
  • Home Repair at About.com
  • Home Thinking
  • Home Time.com
  • Home Tips
  • My Home Improvement
  • Old House Web
  • Shell Busey’s Home Improvement Library
  • Start Remodeling
  • This Old House

Did we miss anything?  Do you know of a source of good information or website that we should include in this article?

Comments or questions are always welcome!  Phone me at 780-910-9669, email me at barry@barryt.ca, or contact me here. 

Learn Which Home Renovations Give You the Best Return

It’s time to sell, and you want to get as much value from your Spruce Grove, Stony Plain, Parkland County or Edmonton area home as possible. What home improvements will make that happen?

Most people buying a home want to move into a property that looks new. If you’ve been thinking of selling your home, you’ve probably heard the following advice. Before you put your home on the real estate market, make all necessary minor repairs. Fix that dripping faucet, oil that creaky kitchen cupboard hinge, tack down that loose carpet edge. Give your home a thorough cleaning inside and out. Wash the floors and walls (including the insides of all cupboards and closets), get the carpets cleaned, shine all the windows and mirrors, and, above all, get rid of clutter so that your home looks as spacious and welcoming as possible.

But these are mostly cosmetic touches, much like a woman’s eye shadow and lipstick when she goes out for the evening. What if your property needs the real estate equivalent of Botox injections or, worse, open heart surgery to bring it back to its brand new appearance and structure? If you invest the money to do major repairs, such as reshingling the roof, or to do major updates, like remodeling that ugly old bathroom, will you get your money back through a higher selling price?

The truth is – maybe, but more likely not. Renovating just before you sell is a risky proposition. Any improvements you make to your property may make it more attractive to buyers which may result in a faster sale – or even determine whether it sells at all. You may get a higher selling price than you would have before the renovations. But it turns out that most renovations will not increase the value of the property by 100% of the retail cost of professionally done renovations, with a couple of exceptions.

Ergil & Jackson Appraisals Ltd. (formerly Henderson & Butt) in their Home Renovation Guide include an extensive list of renovations together with the approximate cost, and the possible returns on investment in both percentages and dollar amounts. Their calculations are based on a hypothetical 1200 square foot bungalow located in the city of Edmonton and hiring out the work.

According to this guide, most renovation projects, small or large, will net you a return of only 50 to 75% of your investment.

New cedar shake shingles for your roof? Expect to lay out between $10,400 and $18,200. The return? Anywhere from 50 to 70%, or $5,200 to $12,740. Depending on the condition of the roof, it might be better to simply disclose to prospective buyers that the roof needs repair.

You’ve probably heard that kitchens and bathrooms sell homes. A bathroom remodel, using standard quality new fixtures, flooring and ceramic tile, might set you back between $10,000 and $16,000. But you’ll get that back when you sell, won’t you? Not according to the guide, which says this type of renovation will bring you a return of just 60 to 80%, or between $6,000 and $12,800. Doesn’t seem worth it, does it?

And it gets worse, with some renovations giving you as low as a 0 to 10% return (adding a skylight, installing an alarm system, putting in a garburator or air conditioning). Some renovations, such as adding a sauna or an outdoor hot tub or swimming pool, might even make your property harder to sell!

So which renovations are the best compromise between making your home look its best and giving you a high return on your investment? Improvements that give you a return of at least 70% include:

•  Exterior siding of artificial masonry brick: 70 to 100%
• New roof shingles (asphalt, rubber or metal): 70 to 90%
• Average quality kitchen remodel: 70 to 85%
• New furnace: 75 to 90%
• In-suite laundry added to condominium: 95 to 100%
• Electrical service upgrade: at least 90%
• Garage: 70 to 100%

Saving the best for last:
There is one renovation that will give you your money back, and then some. Good old-fashioned paint, one of the easiest and cheapest renovation projects, especially if you do it yourself, could give you back up to 110% of your investment. Watch for painting instructions and tips in future blog entries.

Check out Ergil & Jackson’s other suggestions and advice.

***A word of caution about renovations in general: Remember that, whether you hire someone or do it yourself, the finished product must always look as though a professional did the work. If you are thinking about renovating before you sell, talk to your realtor about the kind of return you can expect for all your hard work.

For more tips on selling your home, visit the Sellers Guide section of my website.

Comments or questions are always welcome! Email me at barry@barryt.ca, call me at 780-910-9669 or contact me here.

With the popularity of all sorts of home renovation shows, people in Spruce Grove, Stony Plain, Parkland County, the Edmonton region and elsewhere are experimenting with home decorating home improvement, and home flipping at unprecedented levels.

I have to admit I watch a lot of these programs myself. We humans are drawn to watching other people work. It is amazing how easy some professionals make things like framing, dry walling, painting, decorating, etc, look. The key word here is professional. I often say to people you can do any improvement yourself and save the labour cost (about 60% of the cost of the improvement); however, the end result has to look like a professional did the job.

I understand the motivation to want to do the work yourself. First off it doesn’t look that hard to do. Second you don’t have the extra money to hire someone to do the work, we have all been there. But one day (statistically within 5 years) you will be trying to sell your home and the improvements in it to someone else. Even unsophisticated buyers, people who have never owned their own home, recognize poor or amateurish work. If a home has a number of areas where a home owner has done home improvements poorly, a potential buyer may perceive negatively.

Here’s how perception works

Perception is a buyer’s belief system.  Whether right or wrong, what buyers perceive they believe. A buyer’s perception can extend beyond any poor work done by you or someone else.  It could be perceived that most of the improvements in your home were done amateurishly or cheaply. I cannot overemphasize the importance of making your home improvement projects look like they were done by a professional. Here are a few hints:

1. Do some research before you take on a project. The internet is a great source. Be careful to select the right tools for the job. For instance when painting, not all brushes, rollers or paint are the same. They are all designed for different purposes and applications. Also if painting, make sure you learn to cut in properly. Roller hit marks on the ceiling are a trademark sign of a home improvement project gone bad.
2. Sign up for home improvement seminars at your local building supply centre, Home Depot, Rona, etc.
3. Find someone who is handy at doing their own home improvements and offer free labour to help them take on a home improvement that you feel most comfortable with.
4. Start in an area that is less visible, like a bedroom (preferably down stairs), closet, or storage room.
5. Be prepared to invest time. It will probably take you 2 to 3 times longer the first time you tackle a renovation, compared to someone experienced at it. If it doesn’t go right the first time you do it, be prepared to re-do it. Remember that by learning to do it right you are accumulating cumulative knowledge that will come in handy the next time you need to use it.

Although you feel you are doing the improvement for yourself, remember that when you decide to put your house up for sale, you are now trying to sell the improvement to someone else.

If you do decide to do home improvements on your own, either by necessity or desire, take it slow. Do the research, take your time, make sure you select universally appealing colours, and do the job well. It can be rewarding, both financially and emotionally. But remember:  whatever improvements you do to your home should look like a professional did it. Enjoy the savings and the added value of your home.

Looking for more information about Spruce Grove real estate?  Call me at 780-910-9669, email me at barry@barryt.ca, or contact me here.

So it’s time to sell your Spruce Grove home or Stony Plain real estate in Parkland County.

You should do well considering the unprecedented property appreciation in the Spruce Grove, Stony Plain and Parkland County area over the last few years.

When getting ready to sell, there are things you need to think about. When in a buyer’s market, you need to be the best priced and best home for the money on the market. Your home needs to show well which means clutter free and well kept.

Most home buyers are already over committed and may not be looking for a home that needs major repairs or improvements upon moving (not counting having the money available to do repairs, especially first time home buyers). Take a look at your home as if you were in the market to buy. The following are a few ideas and hints to help you maximize the amount of money you can get for your home.

How does your home look from the street?

That is where prospective buyers will be when they first look at your home and form that all important first impression. Try some of the following:

• remove clutter from your yard;
• consider buying some potted plants to make your yard more eye appealing. Mow your lawn regularly. Pick up after your pets;
• clean your windows and siding;
• ensure your eaves are clear and in good repair;
• do any necessary painting, staining and sealing;
• do your outside lights work, replace any burnt out bulbs;
• do you have wood trim around your house, paint or stain if required;

Now let’s go indoors.

You want a buyer to see a neat, clean, well lit interior. Get clutter out of sight (you never want a house to feel smaller than it is). Ensure carpets are clean and floors are scrubbed and polished and that walls and baseboards show clean and bright. Make sure lights work and are free of cobwebs. You want your home to look spacious, bright and fresh.

• check stairs for loose boards, ripped carpeting, missing or loose handrails;
• ensure doors open and shut properly;
• make sure closets look spacious and organized;
• keep furniture to a minimum so that rooms do not appear smaller than they are.

Take a sniff. Are there any unpleasant odors in your home? If so track them down and eliminate them.

If you have a lot of family memorabilia, consider thinning it out or start packing it.  Remember, you are moving. You want prospective buyers to see themselves living in your home. That mental picture becomes more difficult for them if your house resembles a shrine to you and your family.

Kitchens and Bathrooms

Two of the most important rooms in the home are kitchens and bathrooms.

• clean all appliances, including your oven. Clean or replace your greasy stove hood filters.
• clean your cabinets inside and out, as well as your backsplash. Repair leaking faucets.
• remove items stored on countertops. Remove excess items stored under your sink.
• remove anything stored on top of your refrigerator;
• remove artwork and magnets from your refrigerator;
• in bathrooms, scrub sinks, tubs and toilets;
• clean mirrors, light switch plates;

Basement

Your basement should be clean and not cluttered. If your basement is damp or musty consider a dehumidifier. Check the grading around your house. If the grade slopes toward the house you may want to look at adding a clay based fill to encourage water to drain away from the house. Check your downspouts and ensure they are moving water well away from your home. Most water problems in a basement are due to poor drainage. Change the filter to your furnace. If you have cats ensure the litter box is clean before all showings.

Garage

Make sure you attend to the garage as well. It should also be clutter free. Get rid of old car parts, discarded bicycles, empty paint cans and the hundreds of useless items that accumulate in garages.

Show Time

Now it is time to show your home. You will need a plan of action that assigns duties to each family member so that your house can be quickly ready for showing.

1. open all drapes, blinds and turn on lights to make the house bright;
2. air out the house to get rid of any odors from cooking, pets, etc;
3. pick up clutter and empty garbage;
4. make everything as clean as possible;
5. set your thermostat at a comfortable level;
6. try to remove pets from the house;
7. leave when your house is being shown;
8. display photos of house in summer if your house is being shown in winter months;
9. leave out heating and electric bills;

We all have busy lives and don’t normally live as the above would suggest. But when selling, the above suggestions have proven successful in helping sell homes quicker and for more money. You may not be able to accomplish all of the above suggestions, but if you do, you will realize thousands of dollars more for your effort.

Property to sell?  I’d love to help.  Call me at 780-910-9669, email me at barry@barryt.ca, or contact me here.