Planning a New Kitchen in Your Muskoka Home?

Sargeant49 important questions before you start

We all want a dream kitchen so before you start here are some tips experts have developed to help you get one. Start with a clear view of what you intend. Focus on the things you want and those you need. This will help you see where you can compromise if necessary and where to stick to your goals.

A kitchen renovation can seem overwhelming when you start the process. There are lots of elements to get right. It is not simply the design but all the other factors from appliances to how will it fit the style and décor of the rest of your home or cottage.

1.Define the vision. Ask the big questions before you do anything. You need to establish how you want your kitchen to function. Do you have a large family and want your new kitchen to be the place where you all spend time, eat meals do home work? Do you love to entertain and envision a stunning space to show off your culinary skills? Ask yourself some clear questions to help build your vision, do you love to cook or is it a necessary function? Will you need a desk or work space here?
By asking yourself questions before you start making decisions you identify exactly what you want and what you need out of your available space. By knowing what you want at the beginning you are less likely to get off track once you have started.

2.What are my needs? After you’ve defined the vision or theme of your new kitchen, you need to identify the nonnegotiable things that are at the top of your wants and needs list. Your needs are the things you cannot do without. Things like an eating area or a large window – the important things that will control your joy level when being in the new kitchen. Don’t over focus on things that will go out of fashion over time like paint colours or even appliances as they can all be changed. Hopefully, you won’t need to make compromises on these needed items.

3. Making a compromise or two. Once you have defined the vision and made sure the needs are in place it is time to look at your want list and perhaps some of the compromises that may be required. You may want a new gas range but it is not in the budget! The solution is simple, make sure the space for the dream stove is created now but buy it next year and use your existing one for now. Some compromises are a bit harder to make. You may have wanted a feature that the space available simply cannot accommodate and that is a tougher compromise to come to terms with.

4.Creating an efficient layout? The layout of your kitchen is a big decision, and you may need professional advice. It is best to sketch it carefully and note where the gas and electrical outlets are going to be for each appliance, and of course drainage for plumbed items. Kitchen designers like to create zones for cooking, washing and prepping which is a great tip for creating good flow.

Consider the space between cooktops and windows or tower cabinets, and between electrical outlets and sinks. Think about which appliances can sit near others, and remember to make sure doors can open safely. Don’t put islands too close to a run of cabinets as you will want to be sure to have a comfortable walkway. Many cabinet retailers will have software that can draw a plan for you and some will even visit your home or cottage to measure and check the positions of things.

5.Don’t forget the lighting and heating? It is very important that while you are still in the planning stage you consider the accompanying elements of your new kitchen design. The lighting and heating are important and it is vital to get it right, not only to create a welcoming atmosphere, but also to see clearly while you’re cooking! Decide whether you need direct lighting over the work surfaces and pot lights in the ceiling. Lighting has come a long way and there are some very glamorous options that can have a significant impact without a huge cost.

The heating system is like the kitchen cabinets and appliances, it’s best to decide on positions for these at the outset so that you can get services installed at the correct locations before the kitchen goes in. Once you’ve decided on the layout of your heating and lighting, as well as the position of your appliances and cabinets, try not to make any huge changes as it can be costly to reposition or divert your utilities once you’re at the installation stage.

6.Don’t forget about building permits? If you’re having structural, electrical or plumbing work done as part of the job, you may need to obtain a building permit before you start work. If you’re undertaking this level of work you may have an architect or a building contractor who will be able to tell you how to go about applying for the right sort of permission for the job.

7.What’s my style?Once you have determined all the practical aspects of your reno you can start to think about the fun stuff! You most likely have browsed the internet or the pages of decorating magazines but now with your vision, wants and needs list you can zoom in on the final “look” you want. Perhaps it’s a farmhouse kitchen with a huge harvest table or perhaps a sleek minimalist block with hidden appliances? Whatever you seek, with careful planning you should be able to achieve it and  stay within budget.

8.Hiring a contractor? Perhaps the weightiest decision you will have to make when undertaking a kitchen reno, is choosing the right people to do the work. Many builders will be happy to take on your whole project, with responsibility for the building work, cabinetry, electrical and plumbing considerations too. However, if you are not making any structural changes you may not need a building contractor. You can act as your own general contractor and coordinate the tradesmen you need to do your project. You may need to employ a cabinetmaker, a certified plumber or electrician, tilers and drywall and plaster experts as well as flooring and heating trades. Remember to ask for estimates and get references.

9.Choosing the finishes. Before the work has started finalize as many things as possible like sinks and faucets, countertops, and appliances as well as the tile and flooring. Don’t wait until your contractor needs the items and you rush to obtain them, rather get ahead of the time line so that you won’t be rushed at installation stage. This will ensure that you do not make snap decisions that you may later regret.

These 9 steps are a great guide to a successful kitchen renovation. No matter the reason for the reno, getting it right will bring you a great deal of pleasure and add value to your Muskoka home or cottage.

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Net Zero Homes and Muskoka

Net-Zero-highres Image

Net Zero Home by Reids Heritage Homes in Guelph Ontario.

In May 2017, the Canadian Home Builders’ Association (CHBA) officially launched the Net Zero Home Labelling Program, which is focused on building fully energy efficient communities.

Kevin Lee, CEO of CHBA said “The Net Zero Home Label will help to meet the energy efficient housing aspirations of Canadians, and renew Canadian industry leadership in high performance housing. CHBA members have always been leaders and innovators – this program continues that trend.” He went on to say “Our National Home Buyer Preference Study confirmed that consumers want and expect an energy efficient home. Our members have a long history in delivering high performance homes and are ready and eager to deliver the next generation of high performance housing to discerning Canadian home buyers. Our Net Zero Home Labelling Program provides third party confirmation for both the industry and the consumer.”

According to the CMHC web site a Net Zero Home (NZE) is one that is designed and built to reduce household energy needs to a minimum and includes on-site (not all definitions require on-site but CMHC does) renewable energy systems, so that the house may produce as much energy as it consumes on a yearly basis.

According to the CMHC a Net Zero home is not necessarily an “energy autonomous” one. It does not have to be “off-grid” and can be connected to electrical service. This is so that it can supply electricity to the grid when it is producing more than it needs and draw from the grid when household demands exceed the amount of electricity produced on site.  The NZE designation is about the net annual consumption of energy being zero.  The intention is that  over the course of a year, the energy supplied to the grid balances the energy drawn from the grid, therefore giving a  net- zero annual energy consumption.

Kevin Lee said that the CHBA is “ showing support for leading-edge innovation in the residential construction industry that with the goal of having those innovations as a voluntary and affordable choice for consumers,”  CHBA feels that the Program benefits builders and buyers by clearly defining the two-tier requirements for Net Zero and Net Zero Ready Homes. It also identifies the builders and renovators who provide Net Zero services.

So what do the designation actually mean?   Most of us are familiar with the ENERGY STAR designation which indicates that the home is 20% more energy efficient than the Building Code requires. A Net Zero Ready home will have to be up to 80% more efficient than code, and a Net Zero home will be 100% more efficient than code requirements.  The reason a Net Zero home is 100% more efficient is because it produces as much energy as it consumes.

Special training has been developed for members of the building and land development industry who are interested in achieving Net Zero. There are CHBA Net Zero Qualified Service organizations, energy advisors, and trainers that will work with builders and renovators to plan their next Net Zero project.

It’s becoming increasingly important to build and market energy efficient homes and communities. The CHBA conducted a nationwide home buyer preference study and discovered that four out of the top 10 ‘must have’ features in a new home were energy efficiency related.

So where in Muskoka can you find a Net Zero home you may ask. Well as far as I can tell nowhere yet! But because Muskoka, by its very nature, attracts people who desire to give more than they take I believe this is something we will be seeing more and more of. Builders like Mattamy Homes and Reid’s Heritage Homes are already offering Net Zero options in their developments.  Many more custom builders in our region are taking the required training to be able to offer this option to their clients. So, if you are planning to build a home or cottage in this area ask you architect and builder about Net Zero construction.

Curb Appeal 101 for your Muskoka Property

Front Door EntranceSpring seems to have arrived at last and maybe you’re thinking about selling your home or cottage so here are some of my tips to enhance that ever important “Curb Appeal”.

  1. Have a front door that pops!Your front door should be an exterior focal point so ramp up the appeal by giving it a fresh look. Try painting it a rich colour and consider updating the hardware or adding a new knocker. Depending on the style of your home or cottage you may want to add a seasonal touch. Hang a spring wreath or craft item that shows your visitors a little of your creativeness but do not be tempted to make it too cluttered. Pots of bright and fragrant flowers are always a great addition if your entrance way has room but don’t make it difficult to enter and exit.
  1. Add some bright flowers or plants to the entrance side. Remember, in Muskoka curb appeal does not always mean there is a curb, but the exterior is the very first impression a potential buyer will have of your property—I suggest planting perennials and spring bulbs around your home especially on the entrance side. The extra layer of foliage and colour will create a sense of depth, making your front yard appear larger.
  1. Road numbers should be easy to see. If you live in a rural area make sure you can clearly see the 911 number as you approach from both directions. If you are in town, walk across the street from your home to get a better idea of how easy it is to find your house numbers. Pick large numbers in a clear font that are the easy to read from a distance. Try to install them where they are not blocked by trees, foliage or verandas and position the numbers horizontally rather than vertically as they are easier to read that way. If possible consider lighting your street number to make it easy to find when it is dark.
  1. Consider a front garden sitting area. If you have a large front yard and find you rarely use it, consider whether it would be a suitable location to put a sitting area that can work as a fun and functional hangout zone. A bench curved around an outdoor water feature or fireplace is sure to become a favorite gathering place for friends and family!
  1. Keep it neat and tidy. If you’re planning to sell, remember that an untended garden screams “work” to a potential buyer. If you have a lawn, early spring is a good time to reseed or add sod where it’s coming back patchy. Cover flower beds with a natural mulch to help retain moisture and give the beds a finished look.
  1. Look up! Make sure the roof is in good repair.If the shingles are curling at the edges or have crumbling bits, it is time to investigate further. Have a professional roofer take a look. If you need a new roof covering, check references and get at least three competing estimates before hiring someone for the job.
  1. Clean windows and siding. Give your siding a fresh start this spring by washing off the dirt, road salt and cobwebs using a power washer or a regular hose with washing attachment.  The latter can get windows shiny and clean but remember to clean inside windows as well for the most sparkle. 
  1. Remember the garage and driveway. If you can see it, it should look as good as the home. The garage and driveway often take up a lot of visual real estate, so if they don’t look good they can seriously detract from curb appeal. Have any driveway cracks repaired or the gravel graded and topped up. Freshen up the garage with a coat of paint and consider matching the door to the front door of the home. Don’t forget the finishing touches and add some sconce lighting and flower boxes.
  1. Make the garden path a feature. If your home’s walkway is a straight line from the sidewalk to the front door, you may be missing out on an easy curb appeal enhancement; the curving path. Even a slight curve in a front walk helps move the eye through the landscape, making the front yard seem more spacious and welcoming.
  1. Keep it in the spotlight.A well-lit porch is a welcoming sight to come home to and more fun to hang out on. It can also make the space look bigger. If your porch has a single light, consider installing one or two additional lights. If you have a long pathway leading to your door, consider adding landscape lighting as well — your guests will thank you.

In this current, highly competitive market, details matter.  The first time most prospective buyers see your property is when it is listed on www.realtor.ca Ensure that the exterior photo your Muskoka property makes a great first impression!

 

 

The Upside to Downsizing Your Muskoka Home

DownsizeYour children are grown and finally gone and settled into their own adult lives. You have gone through the woes of “empty nest” syndrome and you are now in the position to think about what is next for you!

Do you keep the big home and hope that you get to host the family holidays? Do you even want to do that?  Most of us eventually decide that a smaller home with less maintenance and overhead is the wiser thing to do, so here are some pros and cons to help you decide if there is an upside to downsizing for you.

Most often when I see clients downsize, they tend to move into into a smaller home or condo. Smaller homes very often are on smaller lots and both of these options can mean being closer to neighbours.

On the downside you can see and hear your neighbours.  This may be a negative but you can help moderate the effect by upgrading the window treatments in your home for privacy and strategically place screening plants in your garden or on your patio or balcony to make you new location more private.

The upside is you can get to know your neighbours. In most cases when you downsize you will find you have more time on your hands.  Less work to do around the home so having new friends in the neighbourhood is a great way to spend some of that time. Be social, old friends are great, but making friends next door will enhance the everyday enjoyment you have in your new home.

One of the things a larger home often has is storage space that smaller homes and condos usually lack.

On the downside storage becomes a premium. The double vanity in the old bathroom, the large hall closet, the full basement with a large utility room: these places may be gone in the new home. To counter-act this you may want to consider closet organizers and perhaps a bathroom makeover.

The upside is you can purge and then indulge: You may need to be a little brutal with yourself at first but pare down your “stuff” to only the things you need and love. Then give yourself permission to acquire only products you love as time goes on.  They may cost a little more but your new and efficient life style means you can afford to spend a little more on your favourite perfume and toiletries and use them every day rather than having 2 or 3 kinds and keeping the favorite one only for special occasions!

Most large family homes have formal sitting areas and family rooms. Often there is a craft room and a work shop. Lots of “hidey holes” for family members to have “me time” that may not exist in a smaller home.

The downside is that it is harder to have your own space. As a retired empty nester, you may have developed separate interests and activities from your partner so you will need to be intentional about giving each other the time and space needed to continue to do these activities.
The upside is that by being more exposed to your partner’s hobbies you may find you both enjoy them.  In addition, you will have a smaller home and fewer rooms that need cleaning so more time to spend together.

One of the biggest factors to consider when downsizing is what to keep and what to let go of.

The downside is your furniture may no longer work. Even if you’ve made careful decisions about what items you will keep and take to the new home there could be issues. A light-filled room can highlight stains you hadn’t noticed, the color or style may be all wrong for the space, and the way you find yourself using a room may mean that your furniture feels like a mismatch.

The upside is you are liquidating capital in the process and so can afford some new items: You have the perfect excuse to go shopping for new furniture and that is always fun!

The garden is usually a big adjustment whether you love to garden or not. Moving from a large home that likely has a larger garden to a smaller one with just a little one or even a condo with none can mean a big change.

The downside is your backyard shrinks, and your lifestyle changes along with it. For many this is a relief not a problem but if gardening is a passion for you, the solution is not as hard as you may think. There are often neighbours who can no longer manage their gardens who would love to allow you to help. Put a message on the community Facebook page and see how many replies you get. If you’re used to lazing by a back-yard pool and know you’ll miss it, consider a hot tub or a swim spa instead.

The upside is you have more time for you. Mowing the lawn will no longer be a time-consuming chore and the cost of the spring and fall turn around will be cut down considerably.  Remember, with some creative furnishings and plantings, a compact backyard can still meet your needs for a restful outdoor escape and a place to entertain family and friends.

By the time, you are ready to down size you have very likely been used to a large kitchen and cooking for a family. A smaller home or condo will usually mean a much smaller kitchen.

The downside is a compact kitchen changes the way you cook. When you have had oodles of counter tops and lots of storage perhaps even a pantry, cooking a family meal is relatively easy. A smaller kitchen will require you to clean as you go, plan your meals and shop for ingredients more often. It also means you need to reduce the quantities of serving dishes, glassware and kitchen gadgets that you keep.

The upside is that you can have fun learning new recipes. Embrace your downsized lifestyle and eat out more often. Meet friends out for dinner instead of having them over and when it comes to family events go to their home or make it pot luck and paper plates!

Another adjustment you will likely have to face is that your rooms need to serve more than one purpose. If you had a sewing room in your old home, you will most likely have to set up in a spare bedroom and pack things up for company.

The downside is rooms must serve more than one purpose. As an empty nester, you will have had the luxury of turning rooms the children once occupied into craft rooms, man caves, home offices and the like. When you downsize you will need to adjust to multipurpose rooms and make do, particularly when hosting guests.

The upside is less space less junk. You will be less tempted to accumulate stuff and buy only what you need or genuinely love.

Laundry rooms are often sacrificed in a downsizing move. Laundry rooms become laundry areas and in a condo may even be a community facility.

The downside is you need to plan your laundry day. If your kitchen and laundry become one or you need to leave your home to do laundry, figuring out what to do with baskets of washing can be a challenge. The typical laundry room is a prime dumping ground for all manner of items, such as shoes that need cleaning and stained items that are soaking in the sink, ironing board and so much more. You must find a way to eliminate this or “hide” it until laundry day.
The upside is small loads of laundry done frequently: Piles of laundry will become a thing of the past. Staying on top of washing, folding and ironing will become the norm.

Perhaps the biggest change and even the most difficult one to adjust to is how to handle house guests.

The downside is you have to plan well for company. Larger homes often come with guest rooms for visiting family but downsizing means you need to get creative to squeeze in more than one guest at a time. Bunk beds, wall beds, sofa beds and air mattresses are all options. It’s up to you how many guests you want to accommodate at once —and sometimes it will take a visit or two to see what will work.

The upside is smaller groups of visitors means more one-on-one time with them: If only a couple of family members can visit comfortably at once, quality time together is assured.

The decision to go from a large family home to a smaller one is not easy to make, but in my experience it is usually a good move with no regrets. I would be happy to help you with any questions you may have about the process and, of course, with the search for that new smaller abode.

Keeping Your Muskoka Home Mould Free

mould-in-bathroomCan you safely and permanently clean up mould and mildew in your Muskoka Home? We have all heard about how some moulds are toxic so how do you know what you can tackle and what you should leave to a professional?

As a Realtor, I see all types of homes and cottages, from elaborate and grand to small and cozy and I can assure you, that any one of them can be prone to mould. It is not a question of cleanliness but more one of ventilation.  When you find mould in your home it is better to take care of it sooner rather than later. Mould can cause health problems and damage what it grows on. The spores of mould fungi commonly float through the air and when they adhere to damp surfaces and start to grow, they can gradually consume the surface. The key to keeping your Muskoka home in great shape is to get the cleanup done before any damage happens.

There are lots of different types of mould which are more accurately called fungi. Many produce allergens that can cause health related reactions in some people

  • Eye, nose and throat irritation
  • Coughing and phlegm build-up
  • Wheezing and shortness of breath
  • Symptoms of asthma
  • Allergic reactions

Health Canada has a great web page with helpful video segments and lots of tips and recommendations.

Moulds cannot grow without moisture so controlling moisture is the key to preventing and or eliminating mould growth. Moulds are very fast growing organisms and can take hold in a very short time. Add a little heat to the mix and in just a few hours mould can have a real grip on your home. In warm Southern climates, if you leave your laundry in the washing machine for just a few hours after the cycle has finished, you could have mould all over the laundry.

Where is Mould Most Common

A leaky roof or plumbing, flood damage, or indoor humidity that’s too high and without proper ventilation can all lead to mould problems. Anyplace that remains damp and unventilated is a potential mould-forming zone. “Anywhere water travels” in a structure is vulnerable to mould. That includes areas where major plumbing arteries are located, crawl spaces with drains, walls plumbed from bathroom to bathroom and between floors. Incorrectly sealed tubs and faulty construction can cause water to seep into crevices and create big problems over time.  Buildings that are tightly sealed may lack adequate ventilation, which can lead to moisture buildup.

Most Mould-Prone Areas

  • Basements or cellars
  • Under kitchen and bathroom sinks
  • Under or behind refrigerators
  • Behind walls that house plumbing
  • Around air-conditioning units
  • Baseboards or around windowsills
  • Under carpeting

Mildew is another fungi-produced coating that can form on damp surfaces. Mildew usually grows in a flat pattern and appears powdery and white or gray. Moulds are darker in color, usually black or green but can be almost any colour. Moulds penetrate the surface of what it’s growing on. You may follow the same cleaning steps below to remove mould and mildew.

Mould Removal

Here are some options I’ve seen on a variety of websites for simple surface mould removal.

Bleach: Mix 1 cup bleach with enough water to make 1 gallon. Put the solution in a spray bottle, or spread it with a sponge or cloth. There’s no need to rinse.

Borax: Mix 1 cup borax with enough water to make 1 gallon. Borax is less harsh-smelling and corrosive than bleach. Apply the solution to the surface and scrub with a brush; don’t rinse. Wipe the surface dry.

Vinegar: Use full-strength vinegar in a spray bottle. Spray the affected area and wipe off.

Ammonia: This is suitable for killing mould on smooth, nonporous surfaces. NEVER USE IT WITH BLEACH. Treat the area with a solution of equal parts ammonia and water, leave on for 10 minutes, and rinse with water.

Hydrogen peroxide: Spray full-strength (3%)hydrogen peroxide on the mouldy surface and let it sit for 10 minutes to loosen the mould. Wipe the surface and don’t rinse.

Baking soda: Mix ½ teaspoon baking soda in 1 gallon water and scrub the mouldy surface, then rinse with water. This is particularly useful for killing mould on upholstery.

Tea tree oil: Use 1 teaspoon tea tree oil per cup of water and spray on the surface. Leave it on for a few minutes and then wipe off.

Note: Health Canada suggests that before beginning any mould clean-up, take steps to ensure that you do not expose yourself or others to mould spores. It is recommended that you wear an adequate breathing mask (N95 or better respirator), safety glasses or goggles and rubber gloves.

Even with adequate precautions, mould spores may become airborne. As a precaution during clean-up, children, the elderly and sensitive people such as those with asthma, allergies or other health problems should leave the house. Consult your physician if in doubt.

To Clean or Throw Away?

If the mould is on a porous surface, such as carpeting, ceiling tiles, drywall or wallpaper, the items might have to be thrown away since the mould may be impossible to remove.

When Should You Call a Professional?

Wiping down mildew in damp areas is always a good idea, but how do you know when it’s time to bring in a professional? Health Canada advises using a mould remediation expert if there is

  • One or more patches of mould larger than 1 square metre
  • More than three patches of mould less than 1 square metre
  • Patches of mould that keep coming back after cleaning
  • A mould problem that you cannot solve on your own

 

Testing for Mould

Chronic allergy-type health problems or mildew odors mean it’s time to consider more extensive mould treatment. Start by using a mould testing company, which will take samples, send them to a lab, and obtain a report on mould levels and species. Use a company that does testing only, to avoid a conflict of interest. Once the mould species are identified you can determine if a remediation specialist is indicated.

Mould Remediation

There is no doubt that some types of mould are toxigenic meaning they produce substances toxic to humans. They are rare in this region but it you have a lot of mould or several different looking moulds you really should call a professional to take care of the situation. Below are several companies that service this area and should be able to assist you.

Mold Removal | Mold Remediation | Muskoka, Huntsville, Bracebridge

www.svmmuskoka.ca/services.php?s=mold

Mould Removal & Remediation | Restoration 1 Muskoka

muskoka.restoration1.ca/moldremoval/

Mould Removal & Remediation ON | R&F Construction | R&F …

www.rfconstruction.com/mould-asbestos/mould/

 

How to Prevent Mould

Just like granny always said “an ounce of prevention is worth a pound of cure” so the very best way to deal with mould and mildew is to prevent it from growing in the first place.  Controlling moisture inside your Muskoka home is the key to avoiding mould. Consider an annual inspection of roofing, plumbing, exterior drainage and interior ventilation to verify that there are no repairs required. Check for leaks under sinks and in crawl spaces. Always use ventilation in a bathroom to remove condensation from showers.

New Mortgage Rules and your Muskoka Home

Modern Family E.jpgYou may or may not know that the federal government recently announced some big changes concerning the guidelines for borrowers of high-ratio mortgages – a borrower who has a deposit of less than 20 per cent of the purchase price of a home. These guidelines must be adhered to by banks but not private mortgage lenders.

If you plan to borrow from a bank and need mortgage default insurance you must now meet the mortgage “stress test.” This means that as a borrower, you must be able to carry a mortgage based on current Bank of Canada rate for a five-year term which is currently 4.64%. This could be much higher than the rate for the term that your bank may be willing to offer you. Current 5 year posted fixed rates at many major banks are under 3%. While your payment will be based on the actual rate charged by your bank for the mortgage you agree upon, you must qualify based on the higher rate.  This means if you are “tight” on your debt service ratio calculation you may be qualify for less than you did prior to this change. Taking the time to get pre-approved is even more important now than before.

If you already have a home these new requirements and guidelines do not affect you, or if your pre-approved mortgage commitment was already in existence prior to Oct. 17, 2016, however there may have a deadline for you to use that commitment. These changes are only for high ratio mortgages and will not affect you if you have more than 20% down payment.

If you are considering an investment property in Muskoka you will be glad to know these new provisions do not affect you. However, that is because most lenders have restricted the amount they will lend on investment properties to 80 per cent of the appraised value or purchase price, whichever is the lower amount.

These changes will likely affect the ability of some first-time home buyers to qualify for a mortgage.  If you are a first-time buyer it may mean a longer wait before your purchase while you accumulate a bigger deposit or it may mean making the decision that your first home will be a little less glamorous than you may have hoped for.

This may all sound a bit gloomy but let’s be positive about it. By using this stress test, you should be less stressed about your ability to make your payments each month and when your mortgage comes up for maturity, IF the interest rates are higher, you should be able to afford the increased payment.

Ultimately this is a consumer protection bid by our government designed to help people keep their homes and not lose them if interest rates increase significantly.

November was Financial Literacy Month, and CREA (Canadian Real Estate Association)  the national association to which I belong, has developed some resources you can use all year long to help understand some of the trickier financial concepts you might encounter during the home buying process.

There is a series of eight videos which cover topics from amortization to mortgage pre-payment to the Home Buyers’ Plan (HBP) and beyond. Each video is under two minutes and done in a fun, animated style, the videos break down some of the financial terms and implications you might come across.

The videos can be found here 

You may also enjoy looking at the Homebuyers’ Road Map, a publication developed in collaboration with the Financial Consumer Agency of Canada, to help Canadians navigate the home buying journey.

Ultimately knowledge is power so I hope you will use these resources and will not hesitate to call me if you have any questions about buying your first or next home in Muskoka or if you have questions about your present home and the implications of these new mortgage rules.

 

 

Building a Muskoka Cottage

renovatingSometimes when a client is looking for a perfect Muskoka Cottage they can be disappointed since many of the best and most appealing lot/cottage combinations can be quite expensive. In some cases clients then start to think about finding a lot and creating the perfect cottage from scratch.

Here are some important considerations to ponder before you decide to change track and start looking for a vacant waterfront lot:

  • Is the lot “ready to go?” In Muskoka realtors usually use the language “partially serviced” or “fully serviced” in the listing details to indicate if all or some of the required services —electricity, water, sewage, cell, internet—is directly available to the site.
  • If a road access is not developed and utilities are not already available to the site the lot value will be significantly lower than a serviced lot, but before you snap up a bargain you NEED to first find out whether it is even possible to connect to these services and determine how much it will cost to hook up. When additional utility poles are required to bridge the distance from an existing service to the building envelope, the costs can be prohibitive.
  • If utilities are not available or are excessively expensive, you may want to look into what, if any services you can generate yourself. Electricity is most likely the largest obstacle and if road access is seasonal, private or non-existent, you may need to consider solar or wind as a source as well as traditional electrical generators. Most cottages have septic systems and draw water from the lake/river or a well. Consider these expenses as well.
  • Do not forget your design costs. To get a building permit you must have certified plans so even if you do not have custom drawings you will need to make sure any plan you buy is stamped. If you are planning to use older plans that have been given to you, you will have to pay to get them stamped and maybe modified to meet current code requirements.
  • Throughout the Muskoka region there can be lot levies to pay at the time of obtaining your building permit. Depending on the municipality and the level of services at the site they can range from $6000 -$15000 and must be paid in full before a permit can be issued.
  • If you are not building your own cottage and intend to use a local contractor you would be well advised to have several contractors bid on your project. Get references and have a contract drawn up. Make sure your builder has WSIB coverage for himself and any of his sub trades. You will be expected to pay a significant portion of the cost up front to offset the cost of material and labour. You may want to consider acting as your own General contractor and work on a time and materials basis with your builder by setting up accounts with the suppliers and paying for the material directly. You should also budget many hours of your time to oversee the project. Whatever you decide, get more than a hand shake! There are many excellent builders in this area but there also some who will take on a project beyond their capabilities and cause you no end of additional expense.
  • It is possible to manage costs by building in stages. Put up a basic cottage initially but have it designed to put an add-on wing in a few years.. If this appeals to you, the only thing you need to do at the start is make sure your final plan can be accommodated under the applicable zoning regulations.

In conclusion building your perfect Muskoka Cottage may be what you end up deciding to do, however it is unlikely you will actually save a large amount of money. The process can be challenging and at times very frustrating.

Ultimately, clients who build, do seem to have a great sense of pride in their cottage. There is no doubt building to your exact needs will make your Muskoka Cottage the place you love to spend endless hours with family and friends!

Remember I am always happy to help and can put my years of experience and contacts to good use on your behalf.