Archives for Homeowner tips

Homeowners Can Earn Extra Income Using Airbnb

Congratulations, you’re a homeowner!  With all of the joys of home-ownership also comes the task of paying off your mortgage, paying property taxes and keeping up with regular maintenance as required.  While you’ve purchased a home within your means, paying off a mortgage can be daunting; however, there are ways in which you can make your payments a little more manageable. If you’ve decided to purchase a home, you’ve put down a certain percentage as a down payment, and you’ve agreed to pay into a mortgage (over the course of x-amount of years with an interest rate of x-percent). You can’t help but to ask yourself, “what can I do to reduce the costs associated with being a homeowner?” Airbnb might just be the answer you’re searching for. With Airbnb you’re able to rent out your home (or second home, depending on whether or not you’ve decided to take out a second mortgage on a retirement property, for instance) to people who are traveling from around the world and need a place to temporarily stay. According to their site, as an Airbnb host you can earn $182 CAD by sharing a single, private room in Ottawa in only 1 week and $331 CAD by sharing your entire home in Ottawa in the same amount of time. And the best part? It’s easy! Simply visit their website, select the “become a host” button, and answer a few basic questions. It’s an extremely reasonable option for you to earn a few extra dollars while renting out your home for only a few short stints at a time, rather than for a full season (or vice versa depending on which home you choose to rent out). Before renting out your home through Airbnb, or any other related service, it’s wise that you first do your homework. Check with your bank: more often than not, you must inform them of the intended use of your property. It goes without saying that receiving a little extra help in lessening your mortgage will undoubtedly feel awesome, but simply make sure you’re providing diligence where it’s due – throughout the entire process. The post Homeowners Can Earn Extra Income Using Airbnb appeared first on Team Realty. Source: Blog

Winterizing Your Yard

Winterizing your home for the cold snap is one thing; winterizing your yard, however, is another. And as much as most of us would like to avoid prepping our yards for the inevitable cold that is to come, it’s something that’s simply unavoidable – especially if we’re looking to save both time and energy when spring and summer rolls around next year. Rest assured, however, winterizing your yard is not as complex as most of us may think it is, in fact, it’s actually quite simple.   We’ve provided a list of ways below that will help you and your family maintain the quality of your yard, regardless of how cold it gets this winter:   Move your hoses into a shed or a garage: It’s advised that we unhook and empty out all the water in our hoses and store them in a warmer place (for example, in your shed or in your garage). You certainly don’t want to leave your hose out in the cold as they can “suffer from [the cold’s] exposure” – a common misconception that can lead to us having to replace them more frequently.   Take care of your BBQ and its grills: If you have either of these installed in your backyard, make sure that you move them indoors before winter hits. A garage, storage shed, or storage unit works great for your BBQ when they’re not in use. Keep in mind that your propane tanks stay outdoors – we wouldn’t want you putting your home and your family in danger!   Tear down your lawn furniture and its accessories: Sturdier lawn furniture (wrought iron, for example) can be left covered outdoors over the winter months. If, however, your furniture set is less sturdy and/or plastic, it might be a good idea to bring it indoors – cushions too! A helpful hint: give your set a good cleaning before putting it away, it’ll save you some hassle come spring/summer.   Prepare your swimming pool: “Winterizing your swimming pool protects it from damage due to the water freezing and keeps it clean for the next swimming season”. You’ll want to check the water chemistry, the alkalinity, the calcium hardness, and the chlorine levels in addition to covering your pool to avoid winter “debris”.   To read an extended version of this article, follow this link and learn more. All elements in/of your backyard should be given the proper care and attention they deserve before the cold snap of winter falls upon us. Follow these tips, make a check list – anything that will help you and your family prepare and preserve your backyard for the winter season.   The post Winterizing Your Yard appeared first on Team Realty. Source: Blog

Costs on Your Home Over the Christmas Season: Trimming the Holiday Stress

Christmas is indeed a time for many things. It is time well spent with our families and our friends, a time for celebration, a time for passing down holiday traditions (as well as creating new ones); and, of course, with the end of year approaching, it is a time of reflection and resolution. Moreover, with the abundance of festivities that our communities offer over the holidays, it’s a time to try new things, and to collect memories with your loved ones.   With the joys of Christmas comes, of course, the stresses of the season. It’s only natural. We host parties, allow for relatives to spend a night (or two), and typically spend a little more money on maintaining our homes, among other things. This said, it’s important to plan accordingly. One of the biggest factors that tend to impact our pocketbooks is our hydro usage. And with all the hustle and bustle that is the holiday season, we must be cautious with when and how often we use it. Luckily, Hydro One has set, off-peak hours (that include weekends and holidays) with set, off-peak prices. What this means is that on Christmas Day, on Boxing Day, and even on New Year’s Day, these off-peak prices, when you utilize your main hydro sources between 7:00 PM and 7:00 AM, will apply. Furthermore, being mindful of your guest’s access/usage of such amenities as cable and/or WiFi is also key. It’s important to be diligent with whom you share your passwords with, and cautious as to how often you turn on your television in order to entertain. Failure to keep track can result in a relatively hefty bill at the end of the month. Less money spent, and less stress to be had.   With respect to controlling your stress levels over the holidays, there are several ways that you can host and entertain your guests inexpensively and effectively. To avoid the cable costs of perhaps always having the game on, why not host a movie night instead? There’s nothing like reminiscing over the classics that we all grew up with. Games are also a great way to create memories on a low budget. They allow for us to bond with our friends and our families, all while creating new traditions along the way. Want to transform your home into the winter wonderland you’ve always imagined? Tree-trimming parties are an excellent way to decorate your home for the holidays, and host an unforgettable evening filled with laughs and creativity.   So turn on those catchy Christmas tunes that we all (secretly) admire and enjoy, sing aloud to the words you know and love, cook up some munchies and capture all that this holiday season has to offer. Lastly, and above all else, remember the importance of togetherness. Volunteer. Donate to your local charities. At Royal LePage, we are committed to strengthening the communities we live in – that’s why we have The Shelter Foundation – our very own charitable foundation that helps