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


August 26, 2020

Hello!

Wow! It's been quite a summer. As I write, a few weeks ahead of schedule, our local real estate market continues to be a hot sellers market and Red Door Realty has just launched our hot new website! (when you have a chance, please check out the link at the bottom of the page or in one of the articles below - would love to hear what you think of it!)

In this month's newsletter you will find a few more articles than usual that connect directly to our local Halifax real estate market, and to one particular article of note - a CBC news article that just came out on August 25. It's a very interesting article but also seems to include a cautionary note from Kelvin Ndoroa, a senior analyst with CMHC. He says '...Some of these risks include overvaluation, speculative demand and over construction'. While I appreciate Kelvin's outstanding data reports, I'm not sure I agree with his opinion. Simply put, I'm not sure that he totally appreciates who the buyers are who seem to be moving our market and where the demand is coming from.

These are unprecedented times. No one could have predicted the pandemic and no one could have anticipated the lifestyle re-evaluations many people would consider during the lockdown. Our market, pre-pandemic, was already in a sellers market, then we pressed 'pause'. Since then, especially over the last 3 months, we are continuing to see 'business as usual' plus some of the 'lock down' results of those lifestyle evaluations and decisions by locals and people from afar. I believe, at the most basic level, that this is creating the demand. Add the low interest rates, the ongoing construction to try to keep pace with our growing population combined with 'it's Nova Scotia's time again' and we seem to have a winning formula for a sustainably strong real estate market. But, since the data always trumps over opinion, I have done yet another review of our MLS® sales, specifically comparing MLS® data from 2019, January 1 - August 26, to January 1 to August 26, 2020. Here are the results.

Residential sales only...
  1. Across HRM, in 2019 there were 4515 MLS® solds compared to 4416 so far this year = only 2.24% fewer sales so far this year, compared to 2019, across HRM, a direct result of higher sales to listings ratios
  2. Just on Peninsula Halifax, south, central, west and north end, in 2019, there were 510 MLS® solds compared to 397 firm sales so far this year = 28.5% fewer sales so far this year, a direct result of low inventory
Just on the Peninsula, MLS® sales under $400,000 have been fewer compared to 2019 and so have the percentage of sales per price category - a direct result of increasing prices.
  • $400,000 - $500,000 price range has also seen fewer sales compared to 2019 yet accounts for 3.7% more of the 2020 sold market so far (23.7% of the 2020 market)
  • $500,000 - $600,000 price range has also seen fewer sales compared to 2019 yet accounts for 1.1% more of the 2020 sold market so far (12.3% of the 2020 market)
  • $600,000 - $700,000 price range has more sales compared to 2019 and accounts for 2.3% more of the 2020 sold market so far (8.3% of the 2020 market)
  • $700,000 - $800,000 price range has seen fewer sales compared to 2019 and accounts for .2% less of the 2020 sold market so far (4.5% of the 2020 market)
  • $800,000 - $900,000 price range has more sales compared to 2019 and accounts for .9% more of the 2020 sold market so far (3.3% of the 2020 market)
  • $900,000 - $1,000,000 price range has seen fewer sales compared to 2019 yet accounts for .2% more of the 2020 sold market so far (1.8% of the 2020 market)
  • $1,000,000 plus price range has seen fewer sales compared to 2019 and accounts for .6% less of the 2020 sold market so far (3.3% of the 2020 market)
It will no doubt be interesting to compare HRM at large to these Peninsula price category percentages at the end of the year. 

I hope you enjoy what's left of summer. Please contact me anytime, especially with any of your real estate questions, needs and/or goals!

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%

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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.