Stephanie Peat DFH Real Estate - Sidney

Office 250-656-0131 | EMAIL info@stephaniepeat.ca |

Imagine this scenario...


You purchase a new home and move in. A few weeks later, you hear a strange rumbling sound. It’s the furnace. It’s only a year old, yet it’s sputtering like it’s twenty. You realize you’ll have to call in an HVAC contractor to get it fixed.


You’re thinking, “Ouch! This is going to be expensive.”


Well, maybe not. You see, since that furnace is relatively new, it might be covered by its original warranty — even for you, the new owner.


But a warranty is useless if you don’t know it exists.


Recent studies suggest that upwards of 50% of people pay to get items fixed that were actually covered by a warranty. So, when purchasing a new home, be sure to ask this simple question: “What warranties do you have for items, materials or workmanship in this house?”


Warranties are common on new stoves, fridges, washers, dryers and other big ticket appliances. Some such warranties are transferrable, which means they are still in force when the items pass from one owner to another.


Even less expensive items, such as electronic thermostats and automatic garage door openers, may be covered by a transferrable manufacturer’s warranty.


If the home you’re purchasing is relatively new (say, less than 10 years old), the builder’s warranty may also still be in force. That can be handy if a structural problem arises.


Even recent renovations, may have come with a labour and/or installation warranty of some kind.

 

As you can see, warranties are everywhere! The more you’re aware of them, the more you’ll save when something needs repair or replacement.

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If you want to transform a room into something that’s functional, beautiful and perfectly matched to your taste, then you might want to hire an interior designer.


It’s an interior designer’s job to come up with imaginative ideas that will wow you.


It’s a myth that interior designers just deal with paint colours, décor and furnishings. In fact, according to the Interior Designers Institute, these professionals have the training needed to handle all aspects of a renovation or remodeling project, including selecting and managing contractors. They can direct a project from beginning to end.


If you want to renovate your basement into a stunning home theatre and gathering place, an interior designer can:


• Draw out several concepts for you to choose from,
• Purchase the best building materials,
• Hire the contractors, and
• Manage the project.


He or she can even pick out classic movie pictures for the walls!


There are many professional associations that have “Find an Interior Designer” links on their websites. In Canada, check out the Interior Designers of Canada (www.idcanada.org).

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July 4, 2017 - “This year may feel a bit steady and less exciting when compared to last year’s record-breaking market. People are getting used to this new tempo of brisk sales,” says 2017 Victoria Real Estate Board President Ara Balabanian. “However, when we look at the longer term numbers, we’re in a very active market. This June we counted over one thousand properties sold, while the ten year average for sales in the month of June is 798. If we remove 2016 sales, this June would have been the record breaker.”


A total of 1,008 properties sold in the Victoria Real Estate Board region this June, 14.1 per cent fewer than the 1,174 properties sold in June last year. There were 1,915 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2017, an increase of one per cent compared to the month of May, but 16.3 per cent fewer than the 2,289 active listings for sale at the end of June 2016.


“The good news for buyers is that inventory is slowly starting to build,” adds President Balabanian. “But buyers can still anticipate multiple offer scenarios in certain high demand neighbourhoods where inventory is being bought at a more rapid pace. It’s never been a better time to be a seller, with MLS® Home Price Index prices at a record high for the Victoria Core.”


The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in June 2016 was $721,000. The benchmark value for the same home in June 2017 has increased by 15.1 per cent to $829,600.

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