One way to create some excitement about your listing

A house-seller in Holland came up with an ingenious way of attracting more potential buyers. The house had been for sale for more than six months and failed to attract anyone prepared to meet the $780,000 price tag. So, the owners decided they needed to come up with something special to create some interest in their home.

A roller-coaster was installed to show people around the house and grounds. This video shows people whizzing through the living room, kitchen and bedrooms and around the outside of the property.

Don't worry about not understanding the language because a movie is worth a thousand words.

No word on the place being sold yet.

Be Home Smart Not Home Emotional

Take two minutes of your time and get some valuable advice on buying a home.  

Mandatory Carbon Monoxide Detectors

It's now mandatory. Do you have one?

A new law making carbon monoxide detectors mandatory in all Ontario homes is now in effect.

The new regulation, which became effective on October 15,2014, updates Ontario's Fire Code following the passage of Bill 77 last year.

These updates are based on recommendations from a Technical Advisory Committee which was led by the Office of the Fire Marshall and Emergency Management and included experts from fire services, the hotel and rental housing industries, condo owners and alarm manufacturers.

Carbon Monoxide Awareness Week will take place November 1-8, 2014

Bill 77 is also known as the Hawkins-Gignac Act. It is named after a Woodstock family. OPP Const. Laurie Hawkins, her husband Richard and their two children, Cassie and Jordan died in a tragic carbon monoxide leak in their home in December 2007. They did not have a carbon monoxide alarm.

Carbon monoxide detectors will now be required near all sleeping areas in residential homes and in the service rooms, and adjacent sleeping areas in multi-residential units. Carbon monoxide alarms can be hardwired, battery-operated or plugged into the wall.



Quick Facts

Carbon monoxide is colorless, odorless and tasteless.

More than 50 people die each year from carbon monoxide poisoning in Canada, including 11 on average in Ontario.

Bill 77, an Act to Proclaim Carbon Monoxide Awareness Week and to amend the Fire Protection and Prevention Act, 1997, received royal assent in December 2013.

The first Carbon Monoxide Awareness Week will take place November 1-8, 2014.

The Ontario Building Code requires the installation of carbon monoxide alarms in homes and other residential buildings built after 2001.



Safety Tips
(Provided by the Hawkins-Gignac Foundation for CO Education)

Install at least one CSA-6.19.01 approved carbon monoxide detector outside bedrooms. However, it is advised to install one on every floor.

Check the expiry date of existing detector and replace any devices built before 2008. Alarms need to be replaced every 7-10 years depending on the brand.

Have a licensed technician inspect your fuel burning appliances (re. furnace, range, fireplace, water heater) annually, to ensure they are in proper working order and vented correctly.

For families with older parents or relatives, help them inspect their detectors.

Replace batteries in your detector annually, or opt for models with 10-year sealed lithium batteries that never need to be changed.

When a detector sounds, make sure everyone is out of the house and call 911. Exposure to carbon monoxide reduces a person"s ability to think clearly, so don"t delay clearing out.

Kidde Canada has published a very helpful CO information sheet and law guide in PDF format. It is available on their website.

Another great website with valuable information is safeathome.ca. They also have a very good CO Safety Guide in PDF format.

IKEA HACKERS

Ikea is a familiar name to most with their massive array of Swedish named products to fit almost every conceivable purpose and for the creative individual products that are building blocks for bigger ideas.

There is now an entire community of bigger idea folks who are on a re-purposing mission for IKEA products.  They call themselves "IKEA Hackers" and there is an online community to share re-purposing product ideas.

http://www.ikeahackers.net/

Check out ideahackers.net to see some simple and some very creative ways of modifying IKEA products.  Most projects even come with detailed instructions to complete you re-purposing project like this Lego storage idea using a headboard, plastic storage cases and some binder clips.

Be wowed or smile as you look at some of this stuff and join the club of IKEA Hackers with your own idea.

This is being organized

A house with under 500 square feet of living area qualifies as a micro home.  It is also an unthinkable place to call home for most families, but one Austin, Texas family would almost call 500 square feet of living, huge.   

Scott Sprague, his wife Carrie, and two boys live in a home that is 260 square feet.  Actually, the home is quite cute and very well kept.  How do they do it? 

It takes a lot of planning as the video shows.  Although this home is very cost efficient for a family of four, it's also a great example of how over stuffed and disorganized most home owners are compared to the Sprague's way of living. 

How Much Is Too Much For A Kitchen Reno?

I recently had the opportunity to speak to Scott McGillivray, author of How To Add Value To Your Home, Cash Flow For Life, and host of HGTV's Income Property.

Scott is a wealth of information and shares it at his many seminars currently titled Scott's Wealth Tour..  He does flip houses but for the most part looks for the right home to buy to turn into another income property.  If you are thinking of doing this, I would highly recommend you attend one of his sessions.  More details available here.

I took the opportunity to ask Scott if he has a formula to know how much to spend or better put how much not to spend when renovating what can be one of the most expensive rooms, the Kitchen.  He uses a 5% calculation based on the value of the home.  His explanation below. 

  

Heart trumps head among buyers

A new study into the behaviour of Ontario’s home owners, released by the Real Estate Council of Ontario (RECO), paints a sobering snapshot of a sometimes contradictory experience – where rational decision-making is valued, but the heart overrules the head when it comes to purchasing a home.

Among the key findings: While more than 90 per cent rank price (96 per cent), functional fit (95 per cent), structural integrity (91 per cent) and neighbourhood quality (91 per cent) as the top factors when purchasing a home, 51 per cent admit to having been influenced by emotion when buying their home. This jumps to 64 per cent of owners aged 18-34.

“Despite the fact that Ontarians are fairly home smart, we’re seeing more and more people – especially younger home buyers – getting swept up in the frenzied market, making emotional decisions they could later regret,” said Joe Richer, Registrar of RECO. “This is why we are launching Be Home Smart – a public education campaign to remind Ontarians of the tools, resources and protection available to help them make smart home buying and selling decisions.”

This study of Ontario home owners was hosted on the Angus Reid Forum for RECO as part of the province-wide public-education campaign. It revealed that while just 15 per cent report going over budget and bidding over asking price to secure their dream home, the figure jumps to 25 per cent of home owners 18-34.

Further, first-time home owners are more at risk for costly surprises due to a lack of experience, especially when it comes to closing costs. While 43 per cent of home owners found closing costs higher than expected, this rose to more than half (54 per cent) of those aged 18-34.

“Working with a registered real estate professional will help you understand your rights and prepare for the real costs of home buying,” said Richer. “It’s all about being home smart versus acting with your heart – a message that’s particularly important for younger buyers who may feel increased pressure to overextend themselves financially to find their dream home.”

Full press release found here.