Friday, March 07, 2014
Creating A Man Cave In Mississauga Real Estate
A Man Cave is just about every mans dream when looking at buying a new home or Mississauga real estate listings. Every man has a vision that they will one room completely to themselves where they can have full control over decorating and use. It is usually difficult to find a fully furnished Man Cave in homes for sale in Mississauga so a Man Cave is something that needs to be planned and designed. There are a few essentials that every Man Cave should have and the list below should get you started with a room that will make every man jealous
1. A Man Cave must have some type of sign on or near the door that identifies the room as a Man Cave. This sign should absolutely contain the words Man Cave
2. A large television must be included in a well designed Man Cave. Bigger isnt always better but the television should be as big as your budget allows while also considering the size of the space. In addition to the television, you should ensure that it is High Definition and that all sports channels can be shown.
3. A refrigerator should be located within the room dedicated as the Man Cave. This refrigerator should be stocked with plenty of beverages for everyone who may be visiting the room.
4. Every Man Cave should have an area where snacks can be eaten and left out. If space allows, a multi-purpose table should be used. This table can be used for snacks, meals, poker and other games.
5. Seating and comfort is important to everyone, especially in a Man Cave. This can be accomplished with recliners, sofas, bar stools and quite a few other solutions. Again, keep in mind space constraints but try to maximize the space with as much seating as possible.
6. Decorate the room with sports memorabilia and movie posters. The sports memorabilia does not have to be expensive or highly collectible items although an autographed jersey or ball is a great conversation starter Think about movie posters from movies that you enjoy and avoid any posters from movies like The Notebook or Titanic.
7. If there is room on a wall for a dart board then you should consider adding one. Playing darts is a universal connection with men and it provides a great way to spend time hanging out.
8. Think about things that you may need that is often overlooked. Waste baskets, napkins, paper plates, plastic cups, ice and many other things should be added to make the room usable and comfortable.
A Man Cave is not only a fun room to design and use but it also could be a great way to increase a Mississauga home value. Some great homes can be found on www.mississauga-homes.com where you can start dreaming about your new room in your new home
Article from Joe Battaglia Team: If you are looking to Mississauga Homes for sale, buy a home, multi-family residential, Mississauga Condos for Sale or commercial property; you should consider a top realtor who will exclusively represent only you - mississauga-homes.com
Full Story >
A Guide Renting Out Your Property
So you have a brilliant idea to purchase a perfect holiday home and start renting it out to holiday makers. But where do you start? This small but mighty question is the reason your property has been lying vacant for weeks, months, maybe years in some cases.
There is no doubt that purchasing and preparing your apartment or villa for holiday rentals brings quite a large to-do list. But this guide aims to make the whole process simpler and easier and put you on the right track to start renting out your holiday home. Before you know it you will be watching the rental money roll in.
Location Location Location
This is a crucial aspect of purchasing a holiday home to rent out as it determines its popularity or its chances of gaining interest and successful bookings. For example, if you buy right in the heart of a particular tourist resort there will be so many people looking for a place to stay you are sure to get lots of enquiries, but you will also have lots more competition so this doesnt necessarily mean actual bookings.
If you buy in a more rural area then it may not be as much volume of people wanting to enquire, but of the ones that do enquire there is much more chance of them making a booking as there will not be many others to choose from.
Rooms and Features
You will need to think about how many bedrooms your property will have. A place with more bedrooms is generally more expensive but it can generate more rental bookings as more often than not it is families and groups that want to book.
As for features, you will need to think about such things as garden, pool private or shared, balcony and terraces, air conditioning for hot weather, heating and/or fire for cold weather, open plan kitchen and living room or separate and also bathrooms how many and do they have baths or showers. Just like the number of bedrooms, the more it has the more expensive it will be to buy the property but it will also mean you have more to offer to renters and you can gain more interest and charge a higher price.
After you have purchased your property it is then time to furnish it. It is advised that you buy quite basic furniture so that it is less expensive to replace if it gets broken or worn down. However at the same time it does need to be decent enough so it doesnt break or wear easily and also so it looks nice to renters and they choose to come back again, and also to look nice for your advert.
Last but not at all least, is the advertising of your property which is really the only way in which you can gain rental bookings. There are a number of ways you can do this.
First of all you can pay a monthly or an annual fee to certain websites in which you create your own advert with information and photos of the property, with an availability calendar and prices, and you will supply your contact details so any potential renters will contact you direct and you carry out the booking yourself. The more popular the website is, the more expensive it is to advertise and there will also be so many others advertising similar properties in similar locations so you will have lots of competition. It is then your challenge to make your advert as appealing as possible so that it stands out against the rest without being deceiving.
The other way in which you can advertise your property is to advertise for free on a particular website and then if you receive a booking, the website company takes a small cut of the booking fee. This can be beneficial because it means if you have a bad year and dont have many bookings then you will not have paid to advertise your property so wont be out of pocket. Another advantage of this method is that the company will usually look after your renters on your behalf, I.e. Will meet and greet, hand over keys, be a source of information for the guests and also will help with any problems. An example of one of these such websites is www.turkishvillarental.com.
So what are you waiting for. Have a look at available properties for sale in your chosen destination and there is always help available to aid you in the buying process and advise on what is a good investment
Full Story >
3 Tips for Keeping More of Your Own Money Come Tax Time
Nearly 150 million Americans will file federal income tax returns this year and, unfortunately, many will be shelling out much more of their hard-earned money than necessary, says veteran financial expert Jeff Gorton.
"With the ridiculous complexity of our tax code, I can understand how the average person might want to put off doing their homework, but thatll cost you," says Gorton, a veteran Certified Public Accountant and Certified Financial PlannerTM, and head of Gorton Financial Group.
"When you think about all you do to earn your money, and the lengths well go to save a few bucks, it doesnt make sense to not do all we can to prepare for the inevitable -- our compulsory contribution to Uncle Sams bank account."
There is nothing unpatriotic about taking advantage of legal measures to reduce your tax bill, Gorton says. Most Americans, however, dont understand the basics of how to minimize the tax burden, he says.
"If you wait until the last minute to do your taxes, youre sure to miss out on savings," says Gorton, who offers some basic and more advanced tax-saving options.
Credits: Tax credits are usually subtracted dollar for dollar from the actual tax liability and may be utilized when filing for 2013. They include the Child Tax Credit, which allows up to 1,000 for children younger than 17; the American Opportunity Credit, featuring up to 2,500 in tax savings per eligible student for tuition costs for four years of post-high-school education; and the Energy-Efficient Home Improvement Tax Credit, which grants qualifying taxpayers 10 percent of the cost of certain energy-efficient building materials up to a 500 lifetime credit. The Child and Dependent Care Credit, for those who have to pay someone to care for a child younger than 13, or another dependent, offers up to 3,000 for one qualifying individual, or up to 6,000 for two or more qualifying individuals.
Deductions: Like tax credits, deductions have phase-out limits, so you may want to consult with a professional. Deductions are subtracted from your income before your taxes are calculated, which may reduce the amount of money on which you are taxed and, by extension, your eventual tax liability. Some examples include contributions made to qualifying charitable organizations. And, you may be able to write off out-of-pocket costs incurred while doing work for a charity. Others may include amounts set aside for retirement through a qualified retirement plan, such as an Individual Retirement Account; medical expenses exceeding 10 percent of your adjusted gross income are now deductible -- expenses exceeding 7.5 percent are still deductible for those older than age 65; and, potentially, mortgage interest paid on a loan secured for your primary residence.
Tax-favored investing: This involves both tax-exempt investments and tax-deferred investments. Tax-exempt investments, which include such vehicles as municipal bonds and certain money market funds, offer a way to grow your money thats exempt from federal taxes. Municipal bonds are free of federal income tax and may be free of state and local income taxes for investors who live in the area where the bond was issued. Tax-deferred investments, on which taxes are postponed until you withdraw your money, include qualified retirement plans, such as traditional IRAs and employer-sponsored plans, as well as insurance products such as annuities and, sometimes, life insurance.
Full Story >
Happy Birthday To The First Lady of Real Estate, Who Turns 103
|Jeff Gorton is a Certified Public Accountant and a Certified Financial PlannerTM specializing in individual tax and retirement planning. He is also an Investment Advisor Representative under Alphastar Capital Management, an SEC Registered Investment Advisor, and has a life and health insurance license. Gorton works with individuals and their families to create and protect their financial legacies. He specializes in working with retirees in the areas of tax planning, benefits, retirement planning, estate planning and safe money techniques. He received his BBA in Accounting from the University of Oklahoma. Gorton previously worked for 10 years as the Chief Financial Officer for a large retail organization, overseeing their accounting, benefits and 401k retirement plans.|
Happy Birthday, Ebby
DALLAS, TX March 6, 2014 Happy Birthday to Ebby Halliday, who turns 103 on Sunday, March 9.
Affectionately known near and far as the First Lady of Real Estate, Ebby Halliday arrived in Dallas on a train from Omaha, Nebraska, in 1938. Ebby had transferred to the city to take charge of the W.A. Green stores millinery department. She brought with her sales and people skills Ebby had nurtured since age 8, when she started selling Cloverine salve to neighboring farmers.
Following her employment with W.A. Green, she opened Ebbys Hats in what today is known as Uptown. Her career in real estate began after a client brought a message from her husband, "If Ebby can sell you those crazy hats, maybe she can sell my crazy houses." The gentleman had built several insulated-cement "spec" homes and was in need of a salesperson.
Ebby knew to sell the homes she would have to be creative. She decided to furnish each with carpet, draperies, a couch, armchair and coffee table to allow buyers to visualize the potential of their new home.
"This was a successful approach and I sold all of his cement homes," Ebby says. "Did I know at the time I was staging properties? No. I was doing what I needed to do to get the homes sold. Thats when I changed my product from hats to houses."
And, the rest, as they say, is history. In 2013, the Ebby Halliday Companies participated in more than 19,500 property transactions with more than 6.4 billion in sales. But for Ebby, her lifes work has always been about more than selling houses. Building community and serving society are pillars of her work ethic and her namesake companys mission: serve the client, serve the community, and serve the industry.
Sharing her ideas, growing her business and encouraging her co-workers to get involved and improve their lives by improving the lives of those around them have always been close to her heart.
"It is our duty and privilege as Realtors to get involved, participate in the activities of our cities, and to help build our communities," she says.
Ebby Halliday has lived an extraordinary life that includes her rise from humble beginnings to become one of Americas most-admired entrepreneurs. Her philanthropy in her hometown of choice and beyond is legendary. In 2005, she received the prestigious Horatio Alger Award, which honors the achievements of outstanding Americans who have succeeded in spite of adversity.
Today the YWCA of Metropolitan Dallas announced Ebbys Place, which will house the YW Womens Center. The building is a testament to a life of extraordinary integrity and a focus on empowering women.
"In lieu of birthday gifts this year, I encourage the public to support Ebbys Place at the YWCA," Ebby says. "Your support will positively impact lives in our community for many years to come."
To learn more about the YWCA of Metropolitan Dallas, visit ywcadallas.org.
Full Story >
Home Buyers Guide To Long Beach: Artcraft Manor
|Dallas-based Ebby Halliday Companies is the largest independently owned residential real estate company in Texas and ranked 12th in the nation. The 68-year-old company, with approximately 1,500 sales associates and staff in 30 area offices covering 12,000 square miles of North Texas, participated in more than 19,500 property transactions in 2013, exceeding a sales volume of more than 6.4 billion. Ebby Halliday is one of the oldest and most respected full-service residential real estate firms in the country, offering brokerage, leasing, mortgage, insurance and title services. In addition to Ebby Halliday, REALTORS, the Ebby Halliday Companies includes Dave Perry-Miller amp; Associates, Home Team Mortgage Co., Home Team Insurance, and Texas Premier Title.|
About Artcraft Manor
The Artcraft Manor neighborhood is located just south of the 405 Freeway and north of the traffic circle. ThisLong Beachneighborhood is full of historic homes built in the 1940s making Artcraft Manor real estate not only unique but also family friendly.Homes for sale in Aircraft Manorfeature two and three bedrooms, are priced in the mid 400,000s and above and vary in size from 800 to 2,200 square feet. Artcraft Manor falls within zip code 90815.
Artcraft Manor is a quiet family friendly neighborhood, perfect for jogging and walking your dog on a beautiful sunny afternoon. The neighborhood is also close to Cal State Long Beach offering quick access to various shopping and local necessities. Easy freeway access, neighborhood charm and a convenient location within the city make Artcraft Manor real estate highly coveted family friendlyLong Beach homes for sale.
Schools serving Artcraft Manor
Long Beach Unified School District:
- Buffum Elementary School
- Tucker Elementary School
- Bixby Elementary School
- Stanford Middle School
- Wilson High School
Parks near Artcraft Manor
Stearns Champions Park
Stearns Champions Park is a favorite among residents, located within the Artcraft Manor neighborhood. Park amenities include a baseball field, soccer field, recreation center, picnic area and playground for kids. Stearns is the small neighborhood park to enjoy but there are also other largerLong Beach parksin the area including El Dorado Park and Recreation Park.
There is also several golf courses in the areas surrounding Artcraft Manor including Recreation Park Golf Course, El Dorado Park Golf Course and Skylinks at Long Beach Golf Course. Each course is no more than a 10 minute drive from the neighborhood, the perfect getaway for >
Shopping near Artcraft Manor
Artcraft Manor is just a 10 minute drive from both the heart of Downtown Long Beach and the shopping hub of Belmont Shore.
Downtown Long Beach
Downtown Long Beach offers tons of services, shops, restaurants and businesses. Downtown encompasses Pine Street, the East Village, West Gateway and the waterfront. At the waterfront is the Pike, another grouping of entertainment and eateries perfect for enjoying a night out or a playful Saturday afternoon with the kids.
Belmont Shore is a beautiful close knit business district full of unique specialty shops, services, restaurants and local businesses. Along 2ndStreet Belmont Shore also has a vibrant nightlife with nearly a dozen bars making it the perfect location for a casual bar hop.
If youre interested in learning more about real estate opportunities in Artcraft Manor or any other neighborhood in Long Beach, give our agents at one of theFirst Team Real Estate Long Beach Officesa call. With three different strategic offices placed throughout the city, our agents are local experts on every part of the city and ready to help you find the perfect home for you and your family. Call or email us now if youre ready to find the home of your dreams in Long Beach.
Email us atclientservices [at] firstteam.com
Call us at 888-870-1142
Long Beach - Belmont Shore
5305 E. 2nd Street suite 104
Long Beach, CA 90803
Connect on Google
Long Beach - Naples
5840 E Naples Plaza
Long Beach, CA 90803
Connect on Google
Long Beach - PCH
4500 E. Pacific Coast Highway 100
Long Beach, CA 90804
Connect on Google
Originally posted at:http://www.firstteam.com/blog/?p=7684
Full Story >
Paying Discount Points on Homes for Sale in Mississauga
Purchasing discount points provides a way for a borrower to pay up front for a lower interest rate. Each discount point usually costs 1 of the total amount as an example, on a 250,000.00 loan a discount point would cost 2,500.00 and lowers the total interest rate of the loan mortgage generally by 0.25. There are pros and cons on purchasing discount points when buyingMississauga real estate and it is important to be fully educated on how this can assist.Generally, a borrower is going to see an immediate benefit from purchasing discount points. On a 250,000.00 loan, spending 5,000.00 when securing the loan on discount points will result in a 0.5 lower interest rate which will provide ample monthly savings when compared to the original interest rate.
This makes sense when the borrower plans on living in the home or holding onto the Mississauga real estate being purchased for a long period of time. It is important to look at the loan payment schedule when purchasing discount points if the buyer does not plan on living in the home for a long period of time. When looking at the loan payment schedule, the buyer should compare two different schedules a schedule that shows the monthly loan payments before the discount points and a schedule that shows the loan payments after the discount points are applied. When comparing these two scheduled, a borrower will be able to determine the feasibility of purchasing discount points and the impact the discount points will have on costs over a short amount of time and also a long term. A Mississauga real estate agent like Joe Battaglia at www.mississauga-homes.com can assist a new buyer when looking at this information and help them understand the information.
A lender or bank sees an immediate benefit from discount points because they receive instant up front money. This is very attractive to a bank when looking at a mortgage because they will not have to wait the life of the loan in order to receive that same money back in the form of interest. A bank is always happier having cash in hand at the present time instead of waiting to receive a specific amount of money. This lowers the overall exposure for the bank and increases their ability to use the money for additional banking business.
Discount points are an attractive way to save significant amounts of money over the life of the loan. Using the 250,000.00 example that was outlined above, a borrower may be able to purchase two discount points for a total of 5,000.00. That would reduce the interest rate by 0.5 which could provide more than a 20,000.00 savings in interest payments over a 30 year mortgage. It is important that borrowers look into this option and decide if it is a financially feasible solution.
At Joe Battaglia Mississauga Real Estate Agent website, you can find new MLS listings everyday. So what are you waiting for start your search now for Mississauga condos for sale. Call is to get free home evaluation now at: Mississauga-Homes.com
Full Story >
The inspection and appraisal went well and we are scheduled to close. What should I do now?
The 11th of 12 posts about the real estate process for the seller.
Answer - Congratulations and I hope you enjoy the rest of your life, wherever that takes you. And speaking of that, have you got a mover lined up? I generally dont recommend having your stuff loaded up and driving off as you head to the closing. There are still things that could go wrong and the deal could still fall apart. At least if you have the movers scheduled for the day after closing remember that youll be paying rent for two days, you can stop them if the closing doesnt happen.
Remember that the buyer will want to walk through the house 24/48 hours before the closing to make sure that it is substantially the same as when he/she made the offer. Do not take that chandelier that you like out of the dining room and replace it with a cheap Home Depot one. That may well queer the deal and justifiably so.
Below is a checklist for sellers of things to do or remember before the actual closing. Most of this is common sense, but its always good to have a list just to make sure that you dont overlook or forget something.
You may wish to read things on this site about the tax consequences of a sale dont worry its generally good news.
If you are turning over possession at closing, remember to take all of the keys with you and the garage door openers if any. It is also a nice gesture to make up a packet of all of the documentation that you might have about things in the house, such as the heater or the appliances that you are leaving. You can take that to closing with you and discuss it with the new owners or just leave it out in and obvious place in the house for them.
As the seller, the only real thing that you need to make sure that you have with you for the closing is your drivers license, since the closer from the title company will need to make a copy of that as proof of the identities of the parties signing the documents. You dont need to go find your deed because a new deed will be a part of the closing. If you have questions during the process your Realtor will probably be there with you and the closer from the title company can probably answer your question. Now is not the time to raise objections to anything that is in the closing packet. You should have reviewed that prior to closing and raised those objections then, so they could be resolved.
Closing checklist for sellers
Make sure that you leave the power and gas on at least through the day of closing. When you call the power and gas companies to let them know that you are selling the house and need a final reading, set that up for the day of closing and tell them that the billing should be transitioned to the new owner the day after closing. They may ask you for the buyers name, so have that handy. That way, if the new owner forgets to call the utility companies until the day of closing the utilities will not be shut off until after closing. If they havent called the day after closing, oh well, they lose and the utilities will be cut.
Remember to call for any final water or water and sewer bills and have the final reading scheduled for the day of closing. Some water billing authorities may ask you to take the final reading and call it in to them. If you have already moved out of the house and have a paid final water bill that covers the time up to closing, bring that with you to closing. Normally the title company will hold in escrow an amount 200-300 deemed sufficient to cover any unpaid water bill.
Make sure that you let your insurance company know when the day of closing will be and keep the property insured through that date, so, again, if the buyer forgets until the day of closing, the property is still insured while you still own it. If you are to occupy the house after closing, it is the new owners responsibility to have insurance on the property; however, you should switch your insurance to renters insurance to cover your personal property for the time that you will be occupying renting the house.
If you have had any work done to the house between the signing of the Purchase Agreement and closing, be sure to get Paid Receipts from the tradesmen and/or companies and bring them with you to the closing. If the work was called out in documents >
If the Purchase Agreement contained Addendums, or had Addendums added later, that placed contingencies on the closing of the sale, such as a Well and Septic Inspection Addendum or a Contingent upon Closing the Sale of another Property Addendum, then there should also be >
The expectation that is normally in writing in the Purchase Agreement is that you will leave the house in substantially the same condition it was in when the Purchase Agreement was signed and broom clean. This means that you should not leave things that you dont want any more in the house or garage throw them out on the last garbage day. If you have items that you think the new owner might find of value, like extra paint for a room, or extra furnace filters or anything else that a normal homeowner might want, have your agent ask the buyers agent to ask the new owner if he wants the items left or not.
Anything that is left behind becomes the property of the new owner and he/she is not responsible for storing or caring for your stuff, nor is he/she obligated to give you back something that you forgot to take. If you have items that you wish to leave and come back to retrieve, you must have a written agreement with the buyer to cover those items and the arrangements that you have agreed upon for them. Occasionally, buyers and sellers may agree upon things like the seller returning to dig up one or more specifically identified plants within an agreed upon timeframe, especially if the sale is closed in the winter months.
On closing day you will need to bring a drivers license or passport to identify yourself for Notary purposes. You may also have to bring money to closing you should know about that well ahead and get the exact amount needed when you inspect the closing packet. You will need to bring that to closing in the form of a Cashiers Check or Certified Check from your bank. You will be expected to hand over the keys to all doors that have locks including storage sheds and garage doors, and all garage door openers, unless you have arranged for post-closing occupancy. The turn-over of keys and garage door openers will take place at the end of any occupancy period.
As a courtesy, if you have saved any of the manufacturers documentation and owners manuals for appliances, mechanicals heaters, air conditioners, water softeners, etc. it is generally expected that you will pass those on to the new owner. After the closing it is appropriate that you also pass along any helpful information that you might have about the house or anything in it that you think may help the new owner make a smooth transition into the house. This is not the time to say, Oh, yeah, I forgot to tell you that the roof leaks when it rains hard, but, you might mention any quirks that youve learned to live with in the house, like, The upstairs toilet runs on sometimes, just jiggle the handle and its OK, or, I normally change the furnace filter every 3 months in winter and once in summer. Let common sense and common courtesy be your guide on this. Tell the new owners what day of the week is trash day and here to put it for pickup. Some home sellers will voluntarily give the new owners a telephone number where they can be reached, if the buyers have questions later, but that is up to you, too.
Good luck to you.
Full Story >