By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

A Mortgage Pre-Approval Is Important

A Mortgage Pre-Approval Is Important

Buying a home is a big step that many of us can feel overwhelmed by. But one of the best ways you can prepare yourself before you begin actually looking at homes to purchase is obtaining a mortgage pre-approval. A mortgage pre-approval is a document from a lender that tells you how much mortgage you’ll be pre-approved for. Note though, that a mortgage pre-approval can expire.   Why is getting a mortgage pre-approval so important?   When it comes to a mortgage pre-approval, not just any one will do. Sometimes, lenders don’t take the proper steps and will pre-approve you for an amount they definitely will not actually give you later because they didn’t do the proper...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

The Best Renovations For ROI When Selling Your Home

The Best Renovations For ROI When Selling Your Home

Renovating your home is a big undertaking – it can be expensive, but many homeowners think that the initial expense is often worth the value the renovations will add to a home should they decide to sell. Or is it?   Surprisingly, certain renovations, even though expensive, actually don’t add much at all to the resale value of your home. Conversely, there are some lower-cost renovations or updates that will really wow potential buyers if and when you do decide to sell.   The best return on your investment   The renovations that add the most value to your home and bring in the highest return on your investment are kitchen and bathroom renovations. These two rooms are...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

Getting Ready to Sell Your Home in the Spring

Getting Ready to Sell Your Home in the Spring

Aside from giving the driveway a good shoveling now and then, many homeowners tend to neglect their home’s upkeep over the winter months. In the case of a cottage, maybe you haven’t even visited the place in a few months. However, if you plan on selling during the busy spring real estate market, there’s no better time to get your home maintenance back on track than right this minute. Here are three key areas you can focus you energy on, and if need be, your budget.   Make those small repairs: After the cold and snow have taken over, we tend to let the small things slide – like a burnt bulb, a cracked light fixture, or a broken patio stone. But once the weather wa...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

Don’t Miss Out On Getting A Home Inspection

Don’t Miss Out On Getting A Home Inspection

If you spend any time researching the home buying process and coming up with a checklist of dos and don’ts, you’ll quickly realize that undergoing a home inspection is always in the “do” column. But with the home buying process becoming more and more competitive, things can move quickly – and it might be temping to move getting a home inspection off of your list completely. This is a big mistake, especially when you’re looking at older, rural homes or cottages.   It is absolutely in the buyer’s best interest to obtain a home inspection on the home they intend to buy. While your budget might feel like it’s already completely overwhelmed dur...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

New Home Buyers Want Energy-Efficient Features

New Home Buyers Want Energy-Efficient Features

Did you know that new home buyers are most interested in energy-efficient features and storage space, or that more than a quarter of new home buyers are Millennials?   A new survey has revealed what new home buyers are most interested in, what demographics new home buyers are made up of, as well as what new home buyers are willing to sacrifice in order to buy their dream home.   The survey was conducted by the Building Industry and Land Development Associaiton (BILD) and the Canadian Home Builder’s Association.   Some highlights:   26 per cent of new home buyers are Millenials and 54 per cent are Generation X.   The most preferred in-home features for new home ...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

Ontario Government Announces New Rebates For Home Owners

Ontario Government Announces New Rebates For Home Owners

If you live in Ontario and have been thinking of renovating your home to be more energy efficient or more appealing to future prospective buyers, you’re in luck!   The Government of Ontario has announced a new program for homeowners, where they can receive a rebate if they undergo an energy audit and then follow through on recommended renovations to improve their home’s energy efficiency. Energy efficient features are a big driver for buyers, and having an energy efficient home and increase your home’s value.   In recent years, the Government of Ontario has had several rebate programs for homeowners that encouraged green retrofits in exchange for rebates, includin...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

Beware Of Leaky Basements When Buying A Home In The Spring

Beware Of Leaky Basements When Buying A Home In The Spring

Having a basement is a fact of life in colder climates. If you’re buying a country home or cottage in a rural area, there’s always a good chance that the home will have a basement or at least a lower level that’s partly underground. These lower floors can be ideal for rec rooms, additional storage or even in-law suites, and can be a desirable for many buyers. However, it’s vital that a home with a basement undergoes a home inspection before you commit to the purchase to reduce the likelihood of an unpleasant basement leak in the future.   Leaky basement issues are often top of mind for homebuyers who might be looking to jump into the market as the weather starts ...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

Protecting Your Home From The Snow

Protecting Your Home From The Snow

It’s here! Snow. If you’re a homeowner, snow isn’t as fun as it is for everyone else. It can cause a significant amount of damage due to its weight or tendency to turn into water that sits very close to your home. Not only can the weight of the snow snap tree branches and harm roofing, when the snow melts it can cause damage to your home in completely different ways.   Before the world freezes over for the remainder of the winter, make sure that any overhanging tree branches are removed if they’re close to your home. As ice storms past have shown, these trees can pose quite the hazard to your home.    If you haven’t already, now is the perfect tim...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

How To Improve Your Credit Score

How To Improve Your Credit Score

Your credit score offers mortgage lenders a snapshot of your creditworthiness when it comes to determining whether they can approve you for a loan. The bad news is that you credit score is important and may not be as good as you need it to be, but the good news is that with a little time and effort you can improve your credit score on your own before you start looking to buy a home.   The best way to build a credit score is to not use your credit   If you’re using up all of your credit (read: you’re maxed out) you’re probably not in a position to purchase a home just yet. For the majority of us, using too much of our credit is what is impacting our credit scores ...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

Are You Ready To Buy A Home?

Are You Ready To Buy A Home?

Are You Ready To Buy A Home?   Being financially stable is not the only thing you need to worry about before you buy a home. Buying a home is a huge step for anyone, and while being financially viable is important, there are a number of other factors to consider, including whether you’re ready for a big lifestyle change.   Are you ready to stay put?   When you buy a home, you’re making a commitment to stay in the same place for quite some time. This means that even if things around you change – like work, or your kids’ schools, you’ll be in the same place. This can affect commute time and much more. If you love the neighbourhood, go for it. If not...Read More