Showing posts with label home ownership. Show all posts
Showing posts with label home ownership. Show all posts

Wednesday, 9 May 2018

The Mud Room Project.


Zach Neal, Wit Ventures.


The mud room project came about because a previous owner had added a room on to  the back of the house. Useful enough, tt was in poor condition, and sinking into the earth. While this is not directly connected to our income property, a one-bedroom apartment in the basement, (‘Apartment, Steps from Beach’), There was a concrete porch there, and on top of that, in order to bring it up closer to the level of the kitchen floor, he had added another four inches of concrete. This is one big mess to clean up and with certain technical headaches, like connecting it all up to the rest of the house.

All the weight of that, plus inadequate foundations, (it was only a porch to begin with), meant that it was pulling down on the rest of the structure, i.e., a primary residence. The challenge, was to take the room out, while keeping the roof, which saves an estimated three to four thousand dollars or so. 

We’re talking trusses, deck, roofing, and trim, eaves-troughs and the like. There was electrical there, interior as well as exterior, and this had to be revised as well. This room will not have any plumbing, but it will have lighting and other amenities. This all has to be taken into account.

In the photos, readers will see how the project has progressed in spite of rough spring weather. Workers have stripped the cladding and brickwork, cut holes and propped the roof, which must weigh a ton or two. They took down walls, windows, doors, tore up flooring and pretty much everything. 


They demolished the old porch and concrete, laboriously carting that all away, and finally, augered three ten-inch holes and putting in three piers, a combination of holes, concrete, sonotube and metal brackets, to support our new structure. This will be an adjunct sort of off to one side of our country kitchen.

Under the decking, there is a short riser, and then the basic floor joist structure, which is decked and with proper vapour barrier protection.

The walls will be framed in for our next post, and there will be openings for windows and doors. This author’s nephew is the cute guy in the photo, and ladies: he’s single.
The other one is the builder, whom we shall only identify as The Duke.


Thank you for reading.



Thursday, 20 July 2017

Should Canadians Worry About a Housing Bubble?





From the CBC.


Canada's housing market may be finally showing signs of cooling.

According to Canadian Real Estate Association statistics, average national home prices have fallen 10 percent since the heights of April this year.

Change is attributed in part to the Bank of Canada raising interest rates for the first time in years, as well as provincial legislation in Ontario and B.C. aimed at slowing skyrocketing prices in Toronto and Vancouver.

But is this dip in price a blip, a soft landing, or the bursting of a bubble?

***

"Over the last five years the private sector debt in Canada has grown 20 percent, and it's the leading pace of increasing credit in developed countries."

Edmonton-based housing analyst Hilliard MacBeth believes a housing price correction is due in Canada. (CBC)

"Once [housing] prices start to correct, as they have in Toronto, these issues with debt become much more important."

MacBeth warns this pricing dip may be the calm before the storm. He sees a comparison between some Canadian markets and the United States before their 2008 housing collapse.




Thank you for reading.






Wednesday, 19 July 2017

Six Renos That Add Nothing to Resale Value.





From the Globe and Mail.


Every homeowner must pay for routine home maintenance, such as replacing worn-out plumbing components or staining the deck, but some choose to make improvements with the intention of increasing the home's value. Certain projects, such as adding a well thought-out family room - or other functional space - can be a wise investment, as they do add to the value of the home. Other projects, however, allow little opportunity to recover the costs when it's time to sell.

Even though the current homeowner may greatly appreciate the improvement, a buyer could be unimpressed and unwilling to factor the upgrade into the purchase price. Homeowners, therefore, need to be careful with how they choose to spend their money if they are expecting the investment to pay off. Here are six things you think add value to your home, but really don't.




Thank you for reading.