Smoke Alarms are the Law

Effective March 1st. 2006 it became law for all Ontario homes to have a working Smoke Alarm on every story and outside every sleeping area. With this previously announced Fire Code amendment now in effect, it is hoped there will be a reduction of the number of preventable fire-related injuries and fatalities.  The amendment covers single family, semi-detached and town homes, whether owner-occupied or rented. Penalties for non-compliance with the Ontario Fire Code smoke alarm requirements could result in a ...

What You Need to Know About Oil Heating and Oil Tanks

It is critical for a home buyer contemplating the purchase of a home with oil heating that they have a clear understanding of their responsibilities and liabilities under laws that have been implemented to protect our environment. It is also important to note that Mortgage Companies may not advance Mortgage funds and Insurance Companies may decline Insurance Coverage if the property does not meet the new regulations. The Ministry of Consumer and Business Services recently amended Ontario’s Technical Standards and ...

How to Protect Yourself From a Grow Home

Buying a home that was once a Grow House has some advantages as they can usually be purchased below market value. Usually the owner has done all necessary work using professionals to ensure that the property is safe for human habitation. However in recent months one of the growing difficulties with purchasing a residence that was once used as a grow house is that there are limited companies that will provide mortgage funding. If you are considering purchasing this type ...

Don’t Wait Until the Last Minute to Get Your Home Insurance!

The home insurance market has changed dramatically over the past years especially in the aftermath of 9-11 Gone are the days when a buyer could simply call their insurance brokers and arrange for insurance on their new home within 24 hours of the call. Standards Are Tougher Today the insurance companies are not only looking at the home to be insured but they are also taking a close look at the homeowner as well. When considering the home to be ...

Fire Retrofit – Does The Home You Are Purchasing Need One?

  When purchasing a home with an auxiliary dwelling unit i.e.: a basement apartment or in-law suite or area in the home or garage that contains kitchen and bathroom facilities that are intended to be exclusive to the unit, as the home buyer it is imperative that you obtain a Fire Retrofit Certificate to ensure that the area meets safety and fire codes if the area in question is to be used futuristically as rental income or is to be ...

Aluminum Wiring What You Need to Know… Your Home Insurance May Be Declined

Careful attention needs to be paid to what type of wiring exists in the home you are contemplating on buying. If your chosen home insurer finds that Aluminum Wiring is present in the home, they may refuse to insure the property causing delays on closing or failure by the mortgage company to advance mortgage funds. All mortgage companies prior to the advancing of mortgage monies need evidence and undertakings that the property has insurance coverage. Not addressing the issue of ...

Real Estate as an Investment Opportunity

With the volatile nature of stock markets in previous years a great alternative to investing is purchasing income producing properties and becoming a landlord. Real Estate historically has always been a sound investment in the Ottawa area as evidenced by steady increases over the years. While real estate is a great investment and always increases, there is a negative side to this type of investment. Real Estate is a tangible asset and needs time to liquidate, while on the other hand, ...

Planning Your Move – Preparation Check List

It’s really never too soon to begin planning for a move, and veteran movers have found that a comprehensive timetable and checklist is the best strategy to ensure a smooth relocation. It’s also a great way to involve the entire family in the move and to spread some of the responsibilities to each person, including your children You’ll feel a sense of accomplishment as items are checked off. Moreover, as the weeks roll by, your checklist will help ensure that ...

In Law Suites – Basement Apartments & Secondary Units Now Legal

With the exception of Rockcliffe Park, the City of Ottawa now allows secondary   suites. So a home owner can build one (with a building permit) or get the city’s stamp of approval on an existing one, provided the home owner brings it up to building and fire code standards. This is often a basement apartment, but the more correct description is “secondary suite” or “secondary dwelling unit”. If not built in the basement, a secondary suite can only take up 40% of the overall upper floors. A suite can be built in a garage, and each ...

Buying Rural Property and Why It Is Critical to Test Your Well Water for Contamination

When purchasing rural property it is critical that your Offer to Purchase contain provisions for the testing of the property’s water supply to ensure that it is safe for human consumption and usage. Your Royal LePage Sales Representative will advise of areas around the Ottawa Region that are known for water problems and will ensure under all circumstances that the proper clauses needed for the testing of well water are included in your Agreement of Purchase and Sale. How Can Ground ...

Wood Burning Appliances In Your New Home Need Inspections

Health and Fire Safety When buying a home with any type of wood burning appliance, including a wood burning fireplace, wood stove, forced air furnace etc., it is critical that you have the appliance inspected to ensure that there is not a build up of creosote. This inspection will also identify if any liners or chimneys have been violated which could possibly cause dangerous toxic gases to escape into your home environment. Insurance companies and mortgage lender will require that ...

Determining the Value of Your Home

The Buyer  ultimately determines the true value of your property, …in other words what would a willing Buyer pay for your home in today’s market place given an arms length transaction.  To help determine what a potential Buyer may be willing to pay for your home,  a clear understanding of how your Royal LePage Representative assesses your Market Value will educate  you on how your sales representative evaluates your home and why the market evaluation is an essential part of helping you get the results you ...

Staying Objective: Top 10 Problems for Home Buyers to look for

Remaining objective can be a difficult task for buyers when viewing homes.  It’s easy to fall in love with a home’s appearance, blind to problems that may make it unsuitable. While aesthetics can be an important consideration, it’s necessary to look beyond window-dressing. A qualified home inspector should be hired before purchasing a home, but there are areas that you the buyer can examine on your own. This will  help shorten your  list of potential homes that you may be  considering and reduce the ...

Welcome!

Welcome to Our Real Estate Blog! At Royal LePage Team we’ve always been about providing great customer service and results for our buyers and sellers  butwhile we were busy helping people with Ottawa area real estate we forgot that there are a bunch of people out there who might be looking for resources to help them sort through the whole buying and selling process. Of course would love to help you directly butmaybe you don’t live in the Ottawa area, maybe you’re already working with ...

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