Friday, 28 June 2019

10 THINGS TO CONSIDER FOR ANY REAL ESTATE INVESTMENT PROPERTY

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10 features that investors should evaluate and consider when hunting for that perfect real estate investment property:


1. Employment Opportunities

Locations with a growing job market tend to attract more people. More people means more renters, especially if you target an area with a large rent/own ration. You can visit Statistics Canada for reliable and timely data on the labour market for the area you are considering. If you notice a large corporation moving to the area, migration will follow. College towns are now also a viable option as there is the steady flow of students needing off-campus housing, although the demand may only be strong for the September to April school year.

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2. Location, Location, Location

The quality of the location will influence the type of renters attracted to your rental property. Look at criteria, such as the Walk Score, proximity to transportation, hospitals, proximity to universities and colleges, major business centres, local restaurants and shopping. The more central the location, the greater the demand.

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3. Rent

For income properties, your monthly rent is your staple. Find out what the average rental rates are in the area. Can you achieve above or below the average? At the very least, you are going to want to cover your mortgage payment, taxes and miscellaneous expenses like insurance. If this can be achieved, then you can move on.

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4. Safety

No one wants to live in an unsafe neighbourhood. You can inquire about crime rates. Again, Statistics Canada is a great resource, and even the local police department can tell you whether the neighbourhood is safe and secure.

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5. Amenities

What attractions are nearby that will both be a draw and requirement for renters? Things that must be considered are shopping malls, parks, movie theatres, gyms and access to public transportation.

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6. Schools

 One of the top considerations for your renters may hinge on the school district and specific schools that they want their children attend. Researching the local schools will be a key variable which can increase your renter pool as well as significantly impact the overall appreciation of your investment property.

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7. Future Development

What developments are planned for the area which would positively or negatively impact the value of your investment property? Is it a high-growth area or one that is currently in decline? A neighbourhood in the early stages of gentrification might result in a faster and higher appreciation for your investment property.


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8. Inventory

Is there a lot of inventory available on the market? Make sure you look at market trends for the last few years as you don’t want to be in a seasonal trend only when making your investment decision. You have to review the vacancy rates that have existed based on inventory levels and how this may impact your monthly rental rates.


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9. Property Taxes

These costs affect your bottom line. Review the taxes and the current market value assessments and determine if they are high, and if so, whether there’s a reason.


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10. Insurance

These are additional costs that erode your bottom line returns. Of course, you don’t want to invest in areas where you cannot get insurance, like flood plains or possible proximity to natural disasters. You can do your research with your insurance agent to determine the risks of claims that might exist and if you can get coverage at all.


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The easiest and possibly best investment properties for beginners are residential single family homes and condominiums. Condos are low maintenance, as generally the condo corporation is responsible for external repairs. You must keep an eye out for high maintenance fees which are generally charged on a cost per square foot per month basis. Do your research and comparative analysis to ensure these costs are in line for the building in question.
When you have the type of property you desire and the neighbourhood narrowed down, look for the best properties that have both appreciation potential and good projected cash flow. You should choose an experienced and seasoned realtor who has a proven track record of helping buyers with the acquisition of investment properties. You’ll want a successful realtor to help and advise you with this exciting opportunity!

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Are you interested in selling or buying your home in the next few months? Work with award winning realtor, Carmen Leal and her team that specialize in Real Estate Vancouver and have qualified Buyers that are looking for a home in your area!   604.218.4846 & www.carmenleal.ca




                                                                 This communication is not intended to induce breach of existing listing agreement.

Tuesday, 18 June 2019

10 Top Window Treatments


Many window treatments allow for total control of how much sunlight enters your home. This allows you to benefit from natural sunlight during the day, giving you the option to keep the artificial lights off and save energy. On the flip side, choosing to have your blinds or other window treatment closed on hot, sunny days helps keep your home cool, saving you energy costs in cooling. The energy efficiency benefits of window treatments work both ways.

Privacy


Some days, we want an abundance of sunlight to light up our homes. Other days, we’d rather keep the blinds shut. It’s important to have this choice, especially for privacy. As much as we (sometimes) enjoy our neighbours, there’s always the nosy one waving from the street as they see you through the windows. Window treatments, especially blinds and sheers, give you the option of privacy.

Design/Aesthetics

Of course, one of the most important reasons we look to window treatments is their ability to transform your home. Your lovely tailored valances certainly bring the room together in terms of style, but they do much more than just look stylish. Window treatments bring many benefits to the home. 


Top window treatments - Get Inspired with these ideas!


1. Roman Shades

It’s hard to think of a time when Roman shades won’t be in style. Time and time again they make a name for themselves as being one of the most classic and stylish window treatments you can install in your home. Whether you’re looking for a solid fabric or a patterned statement piece, you can choose from hundreds of options which can fit in almost any space.

Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

2. Woven Wood Shades

It seemed like every home d├ęcor blogger showcased woven wood shades and it doesn’t look like the trend is ending any time soon. You’ll love this look if you’re seeking a farmhouse or coastal vibe, as the texture invites a casual and comfortable atmosphere that doesn’t take itself too seriously. You wouldn’t want this look if you have an extremely formal or ultra-modern space.

Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

3. Wood Blinds


Woodgrain is certainly making a comeback – whether you prefer the easy installation of wood blinds or the timeless sophistication of wood shutters, these window treatments can fit in almost anywhere. If you have a historic home, match the wood blinds to stained wood trim or paneling in your home.

Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

4. Shutters

If you’re seeking a high-end, traditional look in your home, shutters are a timeless window treatment option. We like to think of them as “fine furniture” for your windows!

Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

5. Solar shade


Solar shades are also known as “window sunglasses” for their opaque design that allows you to preserve your outside view while also providing considerable light control. Available in openness factors ranging from 3- to 14-percent, you will want to choose a higher openness to let in more light and preserve your view.

Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

6. Pleated shades


Pleated shades are made from a single piece of fabric with pleats that collapse and stack neatly as you raise the shade. This slat-like effect gives your home a casual, semi-sheer look that allows a considerable amount of light to filter through the window.

Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

7. Panel track blinds


Panel track blinds are made out of a series of fabric panels that slide back and forth to give you optimal light control and privacy.
These blinds are a modern alternative to vertical blinds for covering large windows or sliding glass doors.

Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

8. Drapery

Also referred to as curtains, can be used to create an elegant, casual or a sophisticated look. May draw across the rod or remain stationary on either or both sides of the window. Curtains come in a variety of shapes, materials, sizes, colours and patterns, and they often have their own sections within department stores, while some shops are completely dedicated to selling curtains. Curtains vary according to clean-ability, ultraviolet light deterioration, oil and dust retention, noise absorption, fire resistance, and life span. Curtains may be moved by hand, with cords, by press-button pads or remote-controlled computers. Measuring curtain sizes needed for each window varies greatly according to the type of curtain needed, window size, and type and weight of curtain.


Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

9. Sheer Curtains (Net Curtains)

A sheer or net curtain is one that is made from translucent (sheer) fabric. The sheerness of a fabric is expressed in 3 main characteristics (extremely rare, very thin, barely visible). The materials which can be made translucent include gossamer, silk, rayon or nylon. Sheer fabric comes in a wide variety of colours, but for curtains white and shades of white, such as cream, winter white, eggshell, and ivory are popular. They are sometimes referred to as privacy curtains; during the day they allow you to see from the inside out whilst preventing people outside from seeing directly into the space.

Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

10. Austrian shades

Fabric shade that is gathered in scallops when down and pulls into tighter scallops when raised. It has a touch of luxury. Can be made out of different materials including sheer fabric.


Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal
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Are you interested in selling or buying your home in the next few months? Work with award winning realtor, Carmen Leal and her team that specialize in Real Estate Vancouver and have qualified Buyers that are looking for a home in your area!   604.218.4846 & www.carmenleal.ca



                                                                 This communication is not intended to induce breach of existing listing agreement.

Monday, 17 June 2019

6 Easy Ways to Soundproof a Room

Whether it's noisy neighbours, bleeping garbage trucks or thudding footsteps, unwanted outside noise at home can be infuriating. Thankfully, there are several ways we can minimize those sounds so our home is a peaceful, tranquil oasis. Here are some of our favourite soundproofing solutions.

1. Use sound-absorbing rugs and carpets

 Vancouver-Realtor-CarmenLeal.ca

Hard surfaces reflect sound waves while soft surfaces absorb them, so materials like padded carpeting will help reduce vibrations. Uncovered, hard floors—like bare wood, tile or laminate—will emphasize footsteps, so for rooms requiring extra quiet, like a study or a bedroom, wall-to-wall carpeting is your best bet. If committing to a fully carpeted room isn't your style, a few well-placed rugs will work wonders. Opt for thick, plush fabrics to absorb as much sound as possible and don't forget a carpet pad underneath. 


2. Fill in the cracks
 Vancouver-Realtor-CarmenLeal.ca

Sound is like water; it can seep into any unsealed space. From gaps under doors to airflow coming through or around your windows, gaps let in clamour, so a very easy and affordable strategy for soundproofing your home is by simply filling in the cracks. A few ways to seal away outdoor sounds include:
  • Caulking around switch and receptacle boxes for a tight seal;
  • Placing weatherstrips under your doors;
  • Installing weatherstripping along the edge of windows;
  • Filling in cracks in drywall (a major cause of noise) with caulking;
  • Filling in any cracks you find in floorboards; and
  • Installing storm windows.

3. Hang heavy drapes

 Vancouver-Realtor-CarmenLeal.ca


Windows are often overlooked as sound disruptors but they can let in a lot of noise. This is a particularly fine point for a bedroom to ensure better rest and relaxation. Spring for lined drapes, which greatly help in blocking sound from entering through the window from outside. Got a lot of noise? Heavy-duty soundproofing window treatments act as an extra-efficient barrier for reducing racket. Remember, the thicker the fabric, the better it will be at reducing sound.

4. Muffle sounds with a heavy bookcase

 Vancouver-Realtor-CarmenLeal.ca

Here's a fun hack that doubles as storage. If you have thin walls, consider installing a built-in bookshelf as a partition. Books and other objects can help reduce sound wave vibrations and noise coming from the other side.

5. Invest in new doors

 Vancouver-Realtor-CarmenLeal.ca

Most interior doors are hollow-core, so to reduce noise, invest in new composites, like particleboard-core, composite-core or solid wood doors. They will work much better at providing a sound barrier.

6. Install acoustic panels 

 Yaletown-Realtor-CarmenLeal.ca

Made of porous expanded polypropylene (PEPP), acoustic sound panels are meant to improve the acoustics inside a room (for example, a home theatre), but they're also great at blocking outside noise. Some manufacturers even offer custom-printed fabrics to turn your panels into wall art. Installation is relatively simple: just attach with clips and velcro. You can even DIY your own.


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Are you interested in selling or buying your home in the next few months? Work with award winning realtor, Carmen Leal and her team that specialize in Real Estate Vancouver and have qualified Buyers that are looking for a home in your area!   604.218.4846 & www.carmenleal.ca




                                                                 This communication is not intended to induce breach of existing listing agreement.



Friday, 14 June 2019

May 2019 Vancouver Real Estate Market Update

 Vancouver-Realtor-Carmen-Leal

 Vancouver-Realtor-Carmen-Leal

 more information on real estate, statistics, and buying or selling a home, contact 
Carmen Leal Personal Real Estate Corporation or visit www.carmenleal.ca


 Vancouver-Realtor-Carmen-Leal

 Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

Vancouver-Realtor-Carmen-Leal

 Vancouver-Realtor-Carmen-Leal

 Vancouver-Realtor-Carmen-Leal

 Vancouver-Realtor-Carmen-Leal

********************************************************************

Are you interested in selling or buying your home in the next few months? Work with award winning realtor, Carmen Leal and her team that specialize in Real Estate Vancouver and have qualified Buyers that are looking for a home in your area!   604.218.4846 & www.carmenleal.ca



                                                                 This communication is not intended to induce breach of existing listing agreement.