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Showing posts with the label real estate

Buying a Century Home

Living in a century home is a romantic proposition: The high ceilings, hardwood trim, large fireplaces, plaster walls, and decorative ceilings are all features that are rare in a more modern home.  Anyone who appreciates antiques or old cars knows that there is something special about the old designs.  These homes are also commonly located near the downtown areas and are in very established neighborhoods with large trees and expansive parks. Who wouldn’t want to live in an old home? Century homes certainly have their charm, but it is not all roses owning one. Before you purchase a century home it is important to have the right expectations. Common Deficiencies Older homes come with older mechanical systems, much of which will be at its end of life. 100+ year old plumbing and electrical have served its time and may need to be updated. These types of projects are potentially expensive and invasive in order to retrofit an older home to modern standards. If the electrical ...

Home Inspections AFTER PURCHASE are now a thing!

You have bought your dream home, BUT you had to by-pass the home inspection so you could make an offer without conditions just to get it!   Although it is not a good idea, unfortunately in today’s market this is what is happening. The good thing for you is, it's not too late!   You can still get that home inspection after the sale has gone through.   No, it won’t change the fact that you are the new owner of the home and any problems are now your responsibility…..it will give you a heads up as to what potential problems you may encounter.  If you are aware of what may arise, at least you will be able to budget for the repair and plan ahead.  Knowledge is power and knowing if you are going to have problems will definitely give you the upper hand. There is no difference between the home inspection that will be done after the purchase compared to before.  The professional you hire to do your inspection will review and check everything the same way. ...

Update to the Principal Residence Exemption for Canadians

For the 70 per cent of Canadians who own a home, it is a place to live, raise our family, and it connects us to our community. Due to Canada’s tax system’s Principal Residence Exemption, when we sell our homes, any increased value or “capital gains” are not taxed. This generous tax break matters to Canadian homeowners. Collectively, we have about $3 trillion in home equity and our homes are often our largest financial asset. However, starting with our 2016 income tax returns, there are some changes in how homeowners qualify for the Principal Residence Exemption. Until now, the Canada Revenue Agency has not required Canadians to report on a home sale when during tax season. If you sold your home in 2016 or later, you will need to complete a Schedule 3, Capital Gains of the T1 Income Tax and Benefit Return in order to report your sale. The good news is that, in terms of taxes, nothing has changed. The same tax benefit is available to anyone who sells their home, provided the...

Why do I need a Home Inspection?

You’ve likely landed on this page because you’re either thinking of making an offer on a home or you’ve just made one. As a potential new homeowner, you owe it to yourself and your pocket book to understand what you’re really getting yourself into. Protecting your investment is the number one reason why you need a home inspection. When performed by a certified professional like Inspect it All , a home inspection offers an incredible wealth of information. The primary purpose of a home buyer’s inspection is to examine the condition of your potential new home. The job of your home inspector is to point out any relevant details and potential problems a new homeowner may be concerned with. Additionally, your home inspector should offer helpful advice regarding specific home care as well as general maintenance. If you have questions during your home inspection, ask your inspector! Although the exact length of your home inspection will vary based on the type and size of your residence...

Clean Your Gutters

On average, gutters accumulate anywhere from 40-250 pounds of debris per year! This buildup can create all kinds of problems for your home such as foundation erosion, mosquito infestations and damage to your roof and gutter system, which can cost thousands of dollars to replace. 1. Remove all debris from your gutters. Get every leaf and twig with a gloved hand. Go section-by-section, dump the debris you can reach in a bucket, and then move the ladder down (very carefully). 2. Check for damages. After removing debris, check for corrosion and any holes or dents. Tip: If you find small holes, place a piece of painter’s tape by the hole so you can easily find it when you’re ready to repair. If you’ve found small holes in your gutter, you can seal them with clear silicone sealant. 3. Test the drainage. Gently run water through your gutter with a garden hose to ensure your gutter is draining correctly. If water is standing still, increase the grade of your gutter to create and mainta...

Thermal Imaging Saves Time and Money

Inspect it All uses Thermal Imaging with every inspection that we do for our customers.  Many innovative technologies developed for security, military and space exploration applications later find their way into industry applications that benefit us every day. That is certainly the case with thermal imaging. Breakthroughs in the late 1990s enabled manufacturers of thermal imaging cameras to marry an uncooled detector to earlier TI cameras, so that lower costs of what is technically known as a microbolometer could be brought to market. One of the major advantages of the microbolometer is that it has no moving parts and is therefore less susceptible to breakdowns. It is also less expensive to produce which allowed thermal imaging camera manufacturers to bring the price of their products down considerably.  Since that time, thermal imaging technology has allowed Inspect it All technicians to check for water intrusion without cutting through drywall or tearing up carpet....