Back to: April 2020


Spring Home Maintenance Checklist
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Keeping your home in top shape requires year-round care. While each season brings different tasks and challenges for homeowners, spring is an especially important time – it’s when to assess winter wear and prepare for summer.

Many big home repairs start out small but, left unattended, become more costly problems. By taking care of little issues now, you can save yourself a lot of money and stress in the long run. Keeping a list of what needs to be done, and when, can help you to avoid and prevent the most common household problems.

Many of the necessary tasks are probably easy enough for you to take care of yourself. However, if you don’t feel comfortable or don’t have the proper equipment, consider hiring a qualified contractor to help you.

Inspect the roof.  Shingles that curl (turn up) and claw (turn down) can make your roof inefficient and susceptible to leaking. Check around vents, skylights, and chimneys for leaks and repair as necessary.

Don’t forget to check your roof from the inside too. Look in the attic for any signs of moisture or surface discoloration on the underside of the roof that may point to leakage from above or air leaks coming from your house.

Repair leaks. Before rainy spring weather hits, check to make sure you don't have any leaks, especially in a basement or attic. Double-check your door and window seals, too, in case they might need a fresh coat of caulk or new weather-stripping.

Clean gutters and drain pipes so leaves won't clog them and be sure they drain away from the house. Drain outside faucets.

Chimneys. If you have a masonry chimney, check the joints between bricks or stones. Have any fallen out? Is there vegetation growing out of them? Each signals water infiltration. Also, look for efflorescence which is a white calcium-like deposit that indicates your masonry joints are no longer repelling water but absorbing it. Consider re-sealing masonry with clear, impermeable or water-resistant barrier material (like Thoroseal products). Brush it on, small areas at a time; let it absorb for 15 minutes, then reapply—it may need a couple of applications.

Clean siding with a pressure washer to keep mold from growing. Check all wood surfaces for weathering and paint failure. If the wood is showing through, sand the immediate area and apply a primer coat before painting. If the paint is peeling, scrape loose paint and sand smooth before painting. Replace rotted siding or trim.

Check foundation walls, floors, concrete, and masonry for cracking, heaving, or deterioration. If you see large cracks or a significant number of bricks losing their mortar, call a professional.
Inspect trees for broken branches. If the broken limb is high up, hire a licensed arborist. If you can reach it from the ground, take it down using the three-cut technique, which prevents bark from tearing and creating an open wound on the trunk.

Seal cracks on the driveway and paths before weeds take up residence. Home centers sell patching materials and fillers designed for asphalt and concrete surfaces.

Spring is also a great time to clean your windows, screens, and hardware and replace storm windows with screens. Check your screens for holes or tears first and repair or replace them if needed. Examine putty/caulk lines around exterior windows and doors and ensure weather stripping creates a good seal.

Check all decks, patios, porches, stairs, and railings for loose members and deterioration. Open decks and wood fences need to be treated every four to six years, depending on how much exposure they get to sun and rain. If the stain doesn't look like it should, or water has turned some of the wood a dark gray, hire a professional to treat your deck and fence.

Prune landscaping and create good drainage. Shrubs and landscaping help against soil erosion, but should be planted to form a negative grade, which means water will flow away from the house. You don't want growth up against the foundation of the home itself.

Inside the house:
When it’s warm enough outside, turn off your gas fireplace pilot lights where possible.

Carry out the manufacturer’s recommended maintenance for your air conditioning system and ventilation equipment.  Be sure to consult your owner’s manual for cleaning instructions or hire a qualified contractor.

Check your smoke, carbon monoxide and security alarms and replace the batteries.
Reopen any valves for outside hose bibs that were shut off last fall.

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With Compliments of

Michele Vyge-Fraser
Real Estate Agent/ Associate Broker/ CNE®


Red Door Realty
1314 Martello Road
Chapter House
Halifax, Nova Scotia,
T: 902-830-6397
NovaScotiaRealEstate@gmail.com
www.RedDoorRealty.ca

Hello :) Happy August!

Our Nova Scotia Real Estate market continues to be hot! Competing offers are still the norm for good listings and our Sellers Market is continuing to drive prices up. While median prices across HRM show $119,250. and, just looking at Halifax, Dartmouth and Bedford, the median selling price for a single family home says $217,750, $350,000 - $450,000 seems to be the range in highest demand. Competing offers are driving prices up 10-15% above list and much more in some cases. Good listings are still in short supply. On the Halifax Peninsula alone there have only been 28 firm single family MLS sales since July 7, though there are currently 17 conditional sales pending and 60 single family active listings. List price continues to matter. If it isn't priced based on the most recent comparable firm sale, there is a good chance that buyers will wait for the seller to adjust the price accordingly. However, once that happens, competing offers seems to become the norm again. 

So where are our prices going? Is there an end in sight for our sellers market? I'm not seeing it yet. Ever curious about the big picture price categories, both locally and across the province,  I ran the MLS sold numbers to when our MLS data was first uploaded to a computerized system... we are still showing less than 4.5% over $500,000. in HRM and less than 3% across the province. With these stats and affordability thresholds it's not hard to see why so many people are considering moving here!  

Across HRM...
  • there are currently 1160 active MLS listings of which 949 are single family.
  • there have been 834 sales firm up since July 7 (median price $119,950.)
  • there are currently 357 conditional sales pending
  • of the 949 current active single family listings, prices range from $32,500 (a real fixer upper/possible tear done in Necum Teuch) to $6,450,000 (a glorious Waterfront Estate in Herring Cove on 115 Gill Cove)

Closer to Halifax, Dartmouth and Bedford...
  • there are currently only 392 active single family home listings
  • prices range from $80,000 (another 'real fixer upper or tear down on 8 Yorkshire Avenue in Dartmouth) to $4,995,000 (a beautiful Northwest Arm Estate on 5960 Ingliwood)
  • there have been 393 sales firm up since July 7 (median price $217,750)
  • there are currently 136 conditional sales pending

To date, since January 1, 2020, 614 of the MLS sales across Nova Scotia have sold for over $500,000 of which 134 have sold since July 7, 2020. (128 are in HRM)

Currently, MLS sales over $500,000 account for approximately 2.8% of the 237,442 multi-class MLS sales across Nova Scotia on record and approximately 4.5% of the 237442 multi-class MLS sales across HRM. 

The highest recorded MLS sale in the last 4 weeks?... is $1,889,000 (this property, in Dartmouth, was on the market for 54 days and sold for 94.5% of the list price...)

Curious about any listings or the possibility of selling? If you are ready to get back into the market or to buy your dream waterfrontage cottage or, anytime you know someone else who is, please contact me anytime! 

Happy Summer!

With Gratitude,
Michele 

 


NATIONAL MORTGAGE RATES
Term Posted
Rates*
Best
Rates*
6 Months 3.34% 3.30%
1 Year 3.59% 3.04%
2 Years 3.74% 2.89%
3 Years 3.89% 2.79%
4 Years 3.95% 2.95%
5 Years 5.34% 2.69%
7 Years 5.80% 2.99%
10 Years 6.10% 3.04%
Variable Rate 2.90%
Prime Rate ** 3.95%
*last updated: Feb 18,2020


www.RedDoorRealty.ca

Halifax Mortgage Specialist Bruce Lusby 

(902) 210-0515

http://mortgageweb.ca/BruceLusby

Halifax, Nova Scotia - updated Oct 6, 2015

Variable:

5yr @ Prime - .65% (2.05%)

HELOC @ Prime +.25% (2.95%)

Fixed:
1yr 2.29%
2yr 2.09%
3yr 2.24%
4yr 2.54%
5yr 2.54%
6yr 3.39%
7yr 3.44%
10yr 3.84%

Copyright© Canada Realty News™. All Rights Reserved.

The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice. If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.