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Regular maintenance protects your home (often your biggest investment), extends the life of the structure and reduces your costs in the long run. It makes good sense.


Monthly

Smoke detectors – test batteries on regular basis to make sure they work.

Carbon monoxide detectors – test on regular basis to make sure they work.

Filters/air cleaners - heating and/or air-conditioningsystems clean on regular basis to reduce heating costs, improve comfort and protect costly equipment.

Automatic reverse mechanism on garage door openers test on regular basis to make sure they work.

Range hood filtersclean on regular basis to maintain efficiency, reduce energy costs and minimize the risk of grease fires.

Central vacuum system empty canister and clean filter (if applicable) so system will work effectively.


Quarterly

Sliding doors and windowsclean tracks to reduce the risk of water damage in the home.

Floor drains check that there is water in traps to prevent sewer odors.

Bathroom exhaust fan clean grill to ensure good air flow.



Spring

Guttersclean once annually to prevent buildup, extend the life of the gutters and keep the basement/crawlspace dry.

Air-conditioning systemhave it serviced annually to protect this costly equipment.

Humidifier attached to furnace turn off and shut off the water to limit humidity in summer.

Humidifiers and central air conditionersclose the damper on the humidifier bypass to avoid short-circuiting the air-conditioning system.

Chimneys for fireplaces and other wood-burning appliances have inspected and swept if necessary to reduce the risk of a chimney fire.

 

 

Fall

Heating systemservice before turning on to protect the equipment.

Gas fireplace service with other gas appliances.

Outdoor hose bibs shut off (unless they are frost free) to prevent freezing damage to pipes.

Hot water heating systems lubricate the circulating pump as needed to extend its life or hire contractor to do this.

Humidifier connected to furnaceturn on and open the water supply so that the humidifier will work in the heating season.

Humidifiers and central air conditioners open the damper on the humidifier bypass to allow the humidifier to work in the heating season.

Exterior ventsensure vent flaps close properly to reduce heat loss and prevent pest entry.


Annually

Trees, shrubstrim back from walls and roofs to prevent damage caused by branches rubbing against the building and to reduce the risk of pests getting into the home.

Roofing have contractor do annual inspection to help maximize the life of roof.

Bathtub and shower enclosurescheck caulking and grout to prevent concealed water damage.

Atticcheck for evidence of pests and roof leaks to prevent infestations and water damage

Building exteriorinspect for weather tightness at siding, trim, doors, windows, wall penetrations, etc. to prevent concealed water damage.

Exterior paint and staincheck and improve as needed to prevent rot in exterior wood. Pay particular attention to wood close to the ground. Wood in contact with soil is prone to rot.

Refrigerators and freezersvacuum coils to improve efficiency and reduce cost.

Garage door hardware/operator lubricate to ensure the door moves freely.

 

http://calgaryhomeinspections.com/your-home/home-maintenance/


For More information on the Calgary Real Estate Market Contact Margo Today

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Housing supply improves in June Condominium apartment benchmark price surpasses previous highs Calgary, July 2, 2014 – Residential sales and listings in Calgary increased by double-digit rates in June compared to the same time last year. This increase is partly due to the floods impacting housing activity throughout the second half of June 2013.

 

“Last June was not a normal month, so it’s difficult to compare the two,” said CREB® president Bill Kirk. “The historic floods of 2013 forced residents and business owners from their homes and places of work. It’s not surprising that many Calgarians were not focused on purchasing or listing their home at that time.” Despite the unusual circumstances of last year, the housing market continues to demonstrate strong demand. Residential sales totaled 2,670 units this June, which was 18 per cent above the 10-year average. Total sales for the first half of 2014 increased to 13,929 from 12,257 in 2013. New listings totaled 3,814 units in June, representing the first time since June 2010 that it outpaced the long-term average.    

 

The monthly influx of new listings also helped ease some of the tightness in the market by improving inventory levels, which totaled 4,726 units compared to 4,584 in June 2013. “Economic conditions continue to support housing demand growth. However, improving supply should help push our market toward more balanced conditions,” said CREB® chief economist Ann-Marie Lurie. “Over time, this will cause price growth to ease from its current levels.” Single-family unadjusted benchmark prices totaled $509,700 in June, a one per cent increase over the previous month, and a 10.9 per cent increase over June 2013. Single-family sales for June totaled 1,769 units, which outpaced the 10-year average by 10 per cent. The rise in sales activity was largely due to improved new listings. While this helped ease some of the tightness in this market, supply levels continue to fall in this sector. The boost in single-family new listings for June was largely due to an increase in units listed at more than $500,000 – rising to 1,359 units in June from 954 the year prior.

 

“With less resale single-family product available in the lower price ranges citywide, this market continues to be fairly competitive,” said Kirk. “However, for consumers looking in the higher price ranges, there is often more choice.” Condominium apartment sales for the first half of 2014, totaled 2,494 units, compared with 2,027 during the same period a year prior. While new listings growth kept pace with sales activity during the first part of the year, it has exceeded sales growth over the past two months, pushing up inventory levels and moving this market into more balanced conditions.

 

Apartment-style benchmark prices totaled $299,700 in June, a new high in the condominium apartment sector and 13.5 per cent increase over the previous year. Meanwhile, the benchmark price for townhouse-style units reached $326,000, still shy of previous records. “As citywide condominium apartment prices have finally recovered from 2007 highs, we would expect this will continue to encourage some listings growth,” said Lurie. “However, as this market has moved into more balanced conditions, and if inventories continue to rise, price growth should ease throughout the remainder of the year.”

 

 

 

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DO YOU WANT TO KNOW WHAT YOUR CALGARY HOME IS WORTH?

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Whether this is your first home or fourth, really understanding your mortgage and how it works is crucial. After all, it’ll probably be the biggest loan of your life!


 

What IS A Mortgage?

In the most basic sense a mortgage is a loan to buy a property. The process of securing a mortgage means lender approval based on your income, credit rating and other debt.

 

Understand Your Fixed Costs

Before you decide what you can—or should—spend on a mortgage it’s important to take stock of your habits and your true fixed costs. Be honest with yourself when putting together your household budget, if you’re going to be miserable without your daily premium cup of coffee, then along with your student debt and car payments, consider that a fixed cost.

 

Be PITH Safe

According to the CHMC (Canadian Housing & Mortgage Corporation), your monthly housing costs should be less than 32% of your gross monthly income. These are considered your PITH or Principle and Interest (of your mortgage payments), Property Tax, and Heating bills.

 

Get A Mortgage You Can Afford

If you pass the PITH test, the second test of what you can afford mortgage-wise is that your entire monthly debt load

(car payments, credit card debt, student loans, etc) should be less than 40% of your gross monthly income. The CMHC even has a handy Mortgage Affordability Calculator on their site: cmhc.ca or you can use the mortgage calculator right here.   

 

Paying Off Your Mortgage

Once you’re approved for a mortgage and buy your home (congratulations!), now you have to actually start paying off the loan. There are several factors involved in this like your interest ratepayment schedule (monthly, twice a month, every two weeks, or weekly) and your amortization period, which is the amount of time you’ve selected to pay back the mortgage (usually ranging from 15-25 years).

 

Picking The Right Interest Rate
The interest rate at which you select to pay off your mortgage varies from “fixed” whereby the rate will NOT change for the term of the mortgage, and is generally a bit higher but considered more stable, or “variable” whereby the interest rate can fluctuate with the current state of the market.

 

Finally, owning a home can truly be an amazing thing. Thankfully there are many resources out there to help make the process a smooth one like mortgage brokers and financial advisors, so remember, you’re never alone through this daunting process!


Contact Margo Today for more information!

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HAPPY CANADA DAY!

 

FROM

 

MARGO JAGGARD

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