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My house was sucking my money down the drain; here’s what I did

I’m a saver. I only spend money on things that are necessary. When my husband and I became first-time homeowners, I was shocked at how much money it took to keep my home functional and comfortable. We were spending way more than I wanted to, but it was necessary. The money spent on electric bills went to powering our home. We had to pay the gas bill to avoid freezing during the winter. It felt like our house was sucking every penny out of our budget. To avoid breaking the bank, we started doing a few simple things around the house to save some money.

Turn off the A/C

I like to keep my home at comfortable temperatures, especially during the summer. I can’t stand the feeling of a hot, stuffy house. But the cost of cooling our house was getting out of control. I hated seeing money fly out the window every time we turned on the central air. But there are plenty of ways to combat energy loss during the summer, other than roasting in a hot home. First, I bought some heavy drapes to keep out the sun and turned the A/C way down at night. We found that once the temps get low enough, the thick drapes helped block the sun from making it too hot during the day. We also started using our ceiling fan a lot more when we were home. These simple tricks helped to keep our electric bill at a price that wasn’t breaking our budget.

It’s all about insulation

When we first bought our house, the insulation wasn’t that great. We could feel cold air seeping through the windows and doors during the frigid winter months. We were turning up the heater way more than we should, which drove up our gas bill. After doing some research, we found a few, easy ways to insulate our house. Spraying some insulation in the attic; adding weather strips to the windows; and replacing the older, weather-beaten front and back doors with newer ones helped to keep the house better insulated. Remember the heavy drapes I bought over the summer? It turns out they’re great for winter too. On the coldest of days, we would close them, throw on a sweater and some woolly socks, and become totally warm. We rarely found ourselves turning the heater up past 60, which dramatically reduced our gas bill during the winter months.

Install CFL and LED lights wherever it makes sense

If you’re still using incandescent bulbs, you need to stop. They’re expensive, don’t last long, and use six times more energy than an LED light. I made the switch to LED lights as soon as we moved into our new home, almost three years ago. To this day, we haven’t had to replace a single bulb. And we’re using a lot less energy than we did in our previous apartment where all we used was incandescent lights. Replacing a few bulbs in our house was fast,  easy, and helped us to keep our electricity costs down.

Doing these few, simple things around our house helped us to save so much money on our gas and electric bills. But it didn’t stop there. Once I discovered how much money we were saving, I wanted to find even more energy-saving hacks. Here are a few of my personal favorites.

  • Turn off all lights when you leave a room; also, take advantage of the natural light whenever you can.
  • Invest in power strips and turn them off when you’re not watching  TV, using the computer, or playing gaming consoles.
  • Perform a weekly maintenance check on your appliances; make sure they are clean and working properly.
  • De-clutter every room. We actually made some fast cash by selling all the stuff we didn’t need—plus it made my house feel so much cleaner.
  • Making more crockpot meals helped us to save time and money, since most meals involve three ingredients and almost no prep time. Plus, they’re delicious and make me seem like an even more talented chef than I am.

What are some ways that you’ve saved money on your home? Let us know in the comments below.

 

       

 

Senate pushes forward Infrastructure Bank

Wednesday, the Senate passed legislation that would allow for the creation of the Infrastructure Bank. According to the bill passed, this corporation’s purpose is to “invest in, and seek to attract private sector and institutional investments to, revenue-generating infrastructure projects.”

Bill C-44 allows government to implement certain provisions to the federal budget, including making room for the much-talked-about Infrastructure Bank. The bank will help structure proposals and negotiate agreements for infrastructure projects across the country. They will receive unsolicited proposals from the private sector or institutional investors, provide advice to all levels of government, and monitor the state of infrastructure in Canada.

As Bruce McCuaig, Executive Advisor of the Privy Council, said Tuesday at a seminar on alternative financing, “If we were to build all infrastructure on public balance sheets, we wouldn’t be able to get there.”

The seminar McCuaig spoke at Tuesday was hosted by the Transit Alliance, a non-political organization for those who work in the transit and infrastructure industry, students, or those interested in transit and transit planning in cities across Southern Ontario. Much of the discussion centered around whether or not the Infrastructure Bank is going to be useful for municipalities.

The biggest challenge is that Bill C-44 only outlines the recommendations and the broad powers the Infrastructure Bank holds. There are still quite a few details to work out, for example how the Infrastructure Bank will balance public and private interests. The general consensus is that the bank will provide opportunities for municipalities, but that it should focus on projects that are having a harder time finding funding.

As the bank starts to develop and grow, more information will become available.

What do you think of the Infrastructure Bank? Let us know in the comments below!

FOR SALE: Stunning 4-bedroom home in Vaughan

Are you looking for a new home in a quiet neighbourhood in Vaughan, Ont.? Look no further. This beautiful two-story, 4-bedroom home on Windrose Court is in desperate need of a new owner. And it could be you!

The home is beautifully finished — with a large yard in the front and a brick-layered backyard. The kitchen is furnished with wooden cabinets, stainless steel appliances, and marble countertops. Wooden floors and clean tiling can be found throughout the house as well. Each bedroom and living space is equipped with a large window that allows natural light to encompass the space.

virtual-tour-220836-27-1474623944
Kitchen, Visual Listings
Sitting Area. Visual Listings.
Sitting Area. Visual Listings.

The neighbourhood has everything: parks, grocery stores, coffee shops, golf course, and recreation centres. It’s perfect for a family looking to get away from the hectic city, but still maintain an important sense of community.

The asking price is $1.5 million. Take a look at this virtual tour of 107 Windrose Court for more information. If interested, please contact Nicolas Scorza, Sales Representative for Vanguard Realty Brokerage Corp at 905-856-8111 / 647-638-7872 or by email, nscorza@trebnet.com.

 

The value of a home

My husband and I bought a monster house 12 years ago. It was an old Victorian style, double brick with good bones, but in need of repair. In the 60s it was divided into four apartments and no one had renovated it since. The yellowed shag carpeting had seen better days, and the white stucco walls and arched doorways had gone grey over time. It still had all the old plumbing and knob and tube wiring so needed desperately to be gutted and restored.

A house has a personality, and ours seemed to be like an old oak tree that had been made to look like a Christmas pine. It had a solid soul, but the renovations were horrendous. Our goal was to restore it to the solid home it once was. It was the perfect project for a newly married couple!

We decided to live in it and tackle one floor at a time. Both of us were working full time, so it meant spending our evenings and weekends toiling away on the house.  After gutting out all the apartments, we found signs of the original stairs that were located right where we planned to put in the main stairwell. We repaired all the old fireplaces, putting new liners in all and using old bricks from the original construction that we found hidden away to repair the chimneys. We managed to save all the original leaded glass windows, and searched salvage yards for old six panel solid wood interior doors to match the original doors in the house.

Between electrical, plumbing, tiling and carpentry, we found that only a few of the trades people we hired could deliver the quality that we wanted and so did much of the work ourselves. There were months when we were too busy with our jobs to do anything on the house, and with the demands of toddlers, there was a year or two when very little was done. Our 10-month renovation project took us 12 years! And now that it is finally done, it feels like we’ve reached the top of the mountain. We’re looking around and enjoying the view, thinking cool we did it… but now what?

I don’t think I can sit quietly in a huge house, sipping tea and eating bon-bons, or give up the confidence I get from building with my own hands. What many think of as menial work —painting, sanding, tiling — is my way of keeping grounded and in shape! Being able to see the work that you have done take shape doesn’t happen often in politics, and there is nothing like taking down a wall to let out a little frustration!

Although we have built many terrific memories in our house, it was the journey, not the asset, that created them. And so we decided to put our house up for sale and continue our journey.

I feel that we have lucked out when it comes to our real estate agent. We have listed with Cheenee Foster. She is with Slavens and Associates and is one of the hardest working agents I have ever met. Cheenee spent years staging houses and has an eye for design. But what I admire most about her is her drive. She isn’t afraid to roll up her sleeves and help, although she is always dressed to perfection. Watching her in an elegant summer dress and high heels as she set up my living room furniture, moving couches and chairs without hesitation, reminded me that women can do anything men can do — and we can do it in heels!

Cheenee spent a week helping me stage the house. From moving furniture to picking paint colour, she walked me through the process of preparing our house to sell. Few agents would invest the time that Cheenee gave to making sure our house looked terrific.  But, what truly makes her a top agent is her integrity. She knows that we aren’t in any rush to sell and has suggested that if we don’t get what we want, she’d recommend taking it off the market and trying again in the fall. I’ve bought and sold a lot of homes, and where most agents would try to coerce us down in price to make a quick commission, Cheenee sees the value in our property and in holding on for a better market if need be. What makes Cheenee Foster one of Toronto’s best real estate agents is that she puts her customers before her commission. So, if you are looking for a good agent to help you through the stressful process of selling your home, I highly recommend Cheenee Foster.

She’ll be hosting an open house at our home this weekend. Come out and meet her!

Sunshine and real estate

It’s common knowledge by now that the weather has a tangible effect on retail sales. December sales suffer if a snowfall doesn’t happen to get consumers into the “holiday spirit,” and sunny days can mean day-long window shopping excursions that turn into impulse purchases and the obligatory dinner and drinks that follow. The real estate market is no different.

Even with major investments like real estate, consumer tendencies seem to move with the mercury, almost independent of the economic climate. In Toronto, January is traditionally the slowest month for home sales, no doubt a combination of lower cash flow after the holiday season and the difficulty of showing houses effectively. Buyers are less motivated to venture out through the snow and slush to view multiple properties, and sellers can find it difficult to showcase the true beauty of their properties through the ice and snow.

And then there’s spring and summer, “high season” for those in the real estate game and prime time for sellers who want to get top dollar for their properties by employing agents who know how to capitalize on the landscaping and vibrancy of their biggest season.

The numbers are already starting to show the rise in national home sales.  According to statistics released just this month by the Canadian Real Estate Association (CREA), national home sales rose 0.6% from March to April, with home sales improving in more than half of all local markets from March to April. This trend was led by gains in the GTA, Winnipeg, Calgary and Victoria, and with the national average sale price rising 1.3% on a year-over-year basis in April, the Canadian housing market is firmly lodged in balanced territory, which is great news for buyers and sellers alike.

Even with the new mortgage rules that took effect in 2012, the market has remained remarkably steady, and the upward trend for this warmer season is still a palpable reality for all those caught up in the real estate game.

Hours of sunshine always helps me shake off the lethargy and “blah-ness” of the winter months and gets me even more excited and geared up for my work, and I can always see the excitement in motivation in my clients as well. I feed off of it, I love it. And it’s that energy that can translate into some incredible transactions this season.

Denim shorts and wedge sandals, sunshine and real estate: my four favourite summer things. I’m looking forward to having a blast. Won’t you join me?

Waterproof

Happy Tuesday! It’s the day after a record-breaking rainfall drenched Toronto, leaving commuters stuck in subway stations and stranded in vehicles all across the city. Peter Kimbell, a meteorologist at Environment Canada, confirms that this rainfall is ranked among the most intense rainfalls the city has ever experienced, with 90 mm of rain within 90 minutes. In total, 126 mm of rain fell at Pearson yesterday, with the original record of 121 mm being set by Hurricane Hazel in 1954.

What does that mean for Torontonians today? Twenty thousand people are still without power, concentrated mostly in the west end of the GTA; TTC and GO Train services have been impacted; and the clean-up will continue for those in the city with flooded basements and damaged property.

Short of putting your home up on stilts, there’s not a whole lot that can be done to completely flood-proof your home, but there are a lot of things that can be done to help reduce the damage of a flood like yesterday’s.

For one thing, I listen to the warnings. So much can be prevented if the warnings put out by Environment Canada are taken seriously and not brushed off until it’s too late to do anything about it. I always have this semi-irrational fear that ignoring a flood warning will leave me sloshing around soaked and stinky carpets and picking up the pieces of ruined furniture, electronics and family albums. And then, of course, there’s the mould. So I listen, I take them seriously and I do whatever I can do last minute to prepare.

I clear my gutters, drains, and downspouts. Okay, I get my husband to clear my gutters, drains, and downspouts. That’s totally the same thing.

We don’t have anything that needs it in our basement right now, but I always do a check to see if I’ve got any furniture, electronics or appliances that are in harm’s way, so that I can raise them onto concrete blocks.

I get my hands on some sandbags and I use them anywhere I expect water to be able to seep in.

None of these are major retrofits or impermeable solutions, but a couple dollars spent could be your defense against tens of thousands of dollars in major damage caused by flood damage, so I do what I can.

I’m sending a ton of well wishes and positive energy to all fellow Torontonians still dealing with the aftermath of yesterday’s rainfall.