As the old saying goes, good fences make good neighbours….good fences and well soundproofed party walls in the case of semi-detached homes. If you, like many Torontonians, live in a semi-detached home, you are probably all too familiar with your neighbours. You may know their own schedule like the back of your hand… knowing when they shower, when they get home from work, or the number of times their baby wakes in the night crying are all part and parcel with living in a semi, specifically if the wall that separates your homes is older, in need of repairs, or just not as soundproofed as you may like. As you may have guessed, there really is no ‘party’ in a
When changes occur in our lives, we often accommodate for them with changes to our living space as well. New baby? You may be converting your spare bedroom to a nursery. New fantastic career opportunity came your way? You may now need space designated as a home office. But what if you don’t have a guest bedroom? What if the ‘stuff’ in your life just keeps accumulating, and you feel you are starting to outgrow your home? I guess common sense would tell you to sell, and move up the property ladder with a bigger and ‘better’ house purchase… or would it? So many times in the past I’ve been approached by families looking to sell because they desperately need a
So here you are. You’ve retrofitted your rental unit, and even attracted a top-paying tenant… Way to go! Finally the time has come where you can sit back, relax, and start collecting a rent cheque every month, right? WRONG! The truth of the matter is, the real work of being a landlord has yet to come, but luckily there are a few things you can keep in mind to make your experience as a new landlord as enjoyable and pain-free as possible, while at the same time keeping your rental property occupied with cooperative tenants. 1) Hedge your bets when it comes to smoking and pets! – I strongly recommend prohibiting smoking within the rental unit. Not only does it
Along with the renovation blitz that often takes place at this time of year, also comes a thorough deep cleaning of sorts. Once home improvements are complete, it’s always a good idea to get rid of sawdust, construction dirt, and freshen up the home to highlight all the beautiful new work you’ve just completed… by extension, it’s also recommended to have your vents and ducts professionally cleaned. Although there may be a lot of skeptics out there when it comes to the benefits of extending your cleaning efforts to your homes internal ventilation system, there’s no denying the money that can be saved as a result. Dirty air ducts can have a significant negative impact on your household energy costs.
In my last blog of this series on rental properties, we took a brief look at some of the factors that contribute to accurate pricing of a rental unit. Supposing you have completely retrofitted your rental unit to be modern, clean and appealing to today’s average renter, you may have no trouble getting top dollar for it. If you own a home with an existing rental apartment, however, and are hoping to attract a high-paying tenant without having to completely renovate the unit, there are some easy ways to spruce up your property to help realize the highest rent price possible. I call them my Big Ten, and today I make them available to you! Here they are: 1. Outdoor Space: Although private green space may be a bit of a commodity in the city of