EXPERTS WEIGH IN ON THE BIGGEST MISTAKES BUYERS MAKE WHEN CONSIDERING A HOME PURCHASE.
FAILING TO CONSIDER ALL OF THEIR OPTIONS!
Homeowners will sacrifice their dream location because they can’t find a house that suits their needs or leave a neighborhood they love because they have outgrown their home. There is no need to compromise! In both situations, an addition provides the perfect solution. For homeowners who love their neighborhood, an addition can drastically increase available living space and may also be more cost efficient that moving would be!
When looking to buy, if there are no available properties in your desired neighborhood that offer the space you need, an addition can turn a smaller home into your dream home! While we all love the idea of a “move in ready” home, a little extra effort and the help of an expert team can result in the perfect home in the perfect neighborhood with no regrets! – Bole Cirovic, www.Modular.ca
CONDO BUYERS FAILING TO EDUCATE THEMSELVES BEFORE PURCHASING!
Condominiums are non-profit corporations which are governed by legislation that can vary from province to province. When you purchase a condo unit, you become a shareholder and are responsible (through condo fees) for the financial obligations associated with maintaining the building and retaining peak market value.
The seller is required to provide you with current documents such as financials, Reserve Fund Studies, meeting minutes, management agreements, bylaws, insurance certificates and registered documents. It is important to engage a professional document review company to assist in putting that information into an easily understood picture of the corporation’s health and welfare. This review helps you to understand the corporation’s current condition and any foreseeable future issues such as major renovations or repairs that may affect your costs or the value of your unit. An experienced document reviewer will also be able to answer all of your questions and give you more information on bylaws and legislation.
Being aware of the corporation’s current and future condition is in your best interest as a future condo owner. Details matter. – Sharon Blondin, www.CondoQuest.net
FAILING TO OBTAIN A HOME PERFORMANCE DIAGNOSTICS REPORT!
This report provides valuable information about the current condition of a home and possible future issues. Essentially, it provides a detailed checkup of the home.
Unlike a typical home inspection, the home is tested under dynamic conditions in order to show how it breathes (are there leaks) and the condition of it’s heart (furnace/AC systems), arteries (ducts), and coat (insulation). The tests also show how effective and efficient air filtration is in the home, ensure all gas and combustion appliances are leak-free, checks quality of building materials and the effectiveness of the exhaust ventilation.
In case of any indoor air quality concerns, a separate assessment is performed. Samples for mold, bacteria or any other contaminant are processed by a registered lab. The report also includes a list of improvements recommended to rectify deficiencies found and a post-renovation/ improvements test can be performed to verify the results. -Andrej Bagar, www.FluxAir.ca
