Reader question: When should you renovate your new home?

Renovate Your Home When It Is Right For You A fan sent me an email the other day and asked me the question, When should you renovate your new home? He said that him and his wife had just bought a home and they weren’t sure if they should renovate before they moved in or after they moved and wanted to know what we did when we bought our house. Home renovation checklist It was a question that I really didn’t have to think much about because we are in this position now. We did not renovate before we moved in and preferred to save the cash first before renovating. When we bought our home I created a checklist so I knew exactly what I needed to do although over the years it seems the list keeps growing. It was easier to read my list as I was going along rather than trying to remember in my head. Every smart planner will have a list so they have information to fall back on. There is no custom list here, you design your own. Grab a piece of paper and start making notes. I also wanted to have the opportunity to […]

Best Home Renovations-Money Wasted or Money Invested?

Buying a new home also means looking for the best new home renovations or upgrades that fit your lifestyle. When selling a home different renovations can either mean money in your pocket or potentially money out the window. After I’ve shown clients the first few homes in their new home search, we often discuss my “Real Estate Baseball” rule of thumb. What do I mean by this? Three strikes and you are OUT! As soon as potential buyers can tally up three perceived “defects” in your home, they aren’t interested any more (it should be noted that this is by no means scientific). You can’t make a first impression on potential buyers again, so, you need to make a great one at the beginning! I often talk with clients about renovations and Do It Yourself (DIY) projects so they can make the right informed decisions. Sometimes renovations can add to a home sale, but other times they just become another stressful event associated with selling your home and wont generate the return that you are looking for. Here is a list of potential renovations that I often discuss and recommend with clients. 1) Painting When my clients walk into a freshly painted home, […]

Canadian Budget Binder-The Saturday Weekend Review #5 November

Mr.CBB’s  Saturday Weekend Review It’s been a lovely few days holiday for me so this Saturday Weekend Review will only tell you that I finished sealing the columns on the porch so another job,jobbed. Other than that I hung out with the Mrs. and managed to convince her that Monday was the best day to go to Twilight Breaking Dawn. I’ve already heard opening night in our city was a mad house. So if you find I am MIA come Monday evening you know where I am. If you read my Blog Post Picks yesterday you would have read about our trip to IKEA a few days back. Although last week I was telling you I was tearing up the bathroom for a remodel we decided there was nothing at IKEA that suits our style. We did however pick out our kitchen and it will look something like this IKEA Kitchen picture which I found at model kitchen pictures. Our kitchen won’t be identical in layout and accessories and there is more to the kitchen off to the back as well, pull out cabinets, built-in microwave.  We will put in a pot filler behind the stove. We don’t need the double ovens although Mrs. CBB says […]

How We Renovated Our First House For Under $25,000

We renovated our first house for under $25,000 can you believe that? Purchasing your first house is an exciting yet stressful time for anyone. Trying to decide between ‘turn-key’ or a ‘fix-er-up-er’ is often a decision people face. There are advantages to both, but for us, we knew we wanted something we could make into a home with a little good ‘ol fashion blood, sweat and tears. This was always going to be our first home. We bought knowing we would probably be here 5-10 years until we built up enough equity to afford our forever home. Finding a home we could put some sweat equity into, but not get so deep into renovations we were knocking down walls and moving bathrooms, proved to be more difficult than I thought it would be. We were looking for a nice house that needed a little TLC.  We eventually found a house and managed to snag it up for a steal of a price. The sellers were motivated to sell due to a job taking them out-of-town. Saving as much money as possible on the purchase was important because we had a long list of things we wanted to renovate all within a […]

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