Trusted Tips and Resources

Trusted Tips & Resources

Trusted Saskatoon Flooring Store Ideas For Investment Properties

FLOORING AND YOUR INVESTMENT PROPERTY

 

When it comes to investment properties, there are lots of things to consider in order to ensure you get the best return. With companies like Airbnb and VRBO, short term rentals can be easily managed. Having a short term rental can generate a high cash flow in a short time frame, but it might not be the best option in the long term. If your investment property is in a city that has a constant stream of tourists throughout the year, such as Hawaii or New York, the short term is most likely the way to go. If your rental is in a town that has seasonal tourism, you might want to consider the long term as it can be difficult to earn enough in the busy season to carry the place for a full year.


Flooring For A Rental Property

 

Now, when it comes to choosing flooring for a rental, it’s different than for the home you live in. As you begin to get your place ready, be sure to look at all factors before committing to your flooring. One of the major considerations is cost. However, it’s important to not sacrifice the durability of a product simply because of a low price tag. (In the long run, it could end up costing more.)

 

There are lots of flooring options available for rental properties. Keep in mind, if it’s a long term rental (lease), there may be less traffic, but your tenants may feel the need to rearrange furniture more frequently than a furnished short term place. The flip side is short term rentals will create more traffic coming and going on a daily basis. Short term renters often won’t treat the place like their own home and aren’t conscious of removing shoes and keeping the place clean. Whereas long term renters are more likely (not always) to keep the place tidy as it is their permanent living space. It’s probably safe to agree, low maintenance floors are the best no matter what the rental term is.

 

The rental industry (at times) can be very competitive, therefore having an aesthetically pleasing interior can be a deciding factor in if your place is selected for rental. If your rental is a long term, picking the right tenants is often a “go with your instinct” decision - but try vetting them the best you can. If your property is close to a college and has more than one bedroom, there’s a higher chance of having college students looking at it. If your place is situated in a more affluent neighbourhood, it’s likely you will have working professionals considering it as their “home.” With that in mind, having it in a higher-end area may require you to have high-end floors to match, such as hardwood or tile.


 

Hardwood


Over the years hardwood has earned a reputation of being one of the most luxurious flooring choices. Hardwood can be refinished as many times as needed depending on the wear and tear over the years. By having this flooring option in your home, it tends to increase the property value as it’s considered a high end finishing. Just because some people say it’s the best, doesn’t mean it’s best for your rental. Hardwood is easily affected by moisture and therefore should not be installed in areas that tend to be damp. The cost to install hardwood can often be significantly higher than other flooring and is hard to repair if one portion gets damaged - therefore probably not the best for a rental unless your place is one with a more luxurious feel.


Tile

 

Tile is always a great choice, especially in bathrooms. It is long-lasting, easy to maintain and isn’t affected by moisture. Not to mention, it is also considered an upgrade, therefore adding to the look of the home. There are various types of tile you could go with; ceramic, porcelain or natural stone - be sure to research all of them before making a decision. Again, it’s important to weigh out the cost up against the potential earnings as it is one of the more expensive products. Tile can be expensive to install and overtime does need to be re-grouted.

 

Luxury Vinyl Tile and Plank


Most rental properties are designed to be somewhat affordable for renters, yet still making the property owner money - it’s why they are called investments. One of the most common flooring types for rentals and even permanent homes is luxury vinyl plank (LVP). With all the advances made over the years, LVP’s appearance is very similar to wood - helping to elevate the look.

 

Although luxury vinyl is cost-effective and has the look of hardwood, it doesn’t increase the property value as real wood would. As mentioned above, tenants can be hard on floors and with short term rentals combined with foot traffic they can wear quickly. Unfortunately, it is prone to scratching, but on the positive side, it is easy to repair, as you can just pop out the sections you want to fix. It’s important to mention, luxury vinyl is easy to install and can be applied to almost any flat surface, making this an easy DIY project. Possibly one of the best features of LVP is it’s resistance to water, making it a great fit for any room.

 

Carpet


Carpet has been around for decades and offers a warm cozy feeling in a home, however, with all the different types of flooring available, it’s losing its popularity. The pros of carpet are - it’s easy to install, relatively cost-effective, warm and one of the greatest benefits for rentals is the sound absorption it offers. If you have a rental property that is pet friendly, the carpet might not be a great option. It is much harder to clean and will stain, unlike other flooring surfaces. Carpet tends to show wear easily and can often be a challenge for people with respiratory issues. Installing carpet does help mask what might be an uneven surface and with all the technologies, there are many hypoallergenic options to consider.

 


The Team At Your Mortgage Now Are Trusted Saskatoon Mortgage Brokers Share Advice On Revenue Properties

Buying a home is one of the most important and exciting steps in your life.... now that pesky financing! Deal with people who can offer you and your family the best options for you with Your Mortgage Now! Devin Cristo and Wes Will are Trusted Saskatoon Mortgage Experts and they have years of experience helping individuals and families finance their dreams by offering mortgages from a variety of lenders for people from all walks of life. In their latest mortgage tip they share some advice on Investment Property Mortgages

CONSIDERING A REVENUE PROPERTY IN SASKATOON?

When it comes to a revenue property Devin & Wes from Your Mortgage Now know having options and the best rate possible are at the top of the list. They are Saskatoon Investment Mortgage experts at making your revenue property investment a profitable one.

Buying an investment property is a popular option for Canadians looking at different ways to invest their money. However, unlike the mortgage you took out on your principal residence, financing an investment property is a little more complex. 


1. How Many Revenue Properties


The number of units in the building and whether or not you'll be occupying one of the units are the two major components that control what your financing will look like. When you start shopping around for an investment property, the first thing you need to consider is the number of units your building will have. Most buildings with 1-4 units are zoned residential, so the qualification criteria and financing options from lenders are only slightly more difficult than that of a mortgage similar to what you have on your principal residence. If it's a multi-unit property, the second thing to consider is if you, the owner, will be living in one of the units or not. If you will be occupying one of the units, the property would be considered owner-occupied. If all of the units will be rented out, your property would be considered non-owner occupied.


However, buildings with 5 or more units are zoned commercial, so a lender would require that you take out a commercial mortgage on it. With a commercial mortgage, the qualification criteria is even tougher to meet and interest rates are often much higher. 


2. Downpayment 


An investor will have to put down at least 20 percent to buy a property from a typical bank... On top of the down payment, an investor will have to pay closing costs, which can range from two to four percent of the loan amount. 

 


If you're ready to learn more or to discuss options for a residential investment property or two give Devin and Wes a call!  

Devin Cristo and Wes Will are Trusted Saskatoon Mortgage Experts


Trusted Saskatoon Real Estate Agent Marla Janzen Shares 5 Reasons To Sell Now

Marla Janzen is an award-winning SASKATOON REAL Estate expert she takes action to sell her client's homes and find them the perfect new place to live while negotiating the best terms and price possible. She loves what she does and takes great pride in providing excellence in customer service to all of her clients. 

Marla Janzen is a  TRUSTED SASKATOON REAL ESTATE EXPERT listed on the SASKATOON DIRECTORY and she loves to provide Trusted Saskatoon real estate Tips that help the public! In her latest article she shares some tips on when to sell...hint it is now! 


Why You Should Consider Selling Before The Traditional Selling Season. 


Are You Thinking About Selling Your Home In Saskatoon, Warman and Surrounding Area?


 


A common thought in real estate is never list your home in the winter offseason.  Perpetuated by industry experts, agents and repeat sellers alike, this saying encourages many would-be sellers to wait until the spring peak to list their homes.  However, studies show that homes listed in the winter offseason not only sell faster than those in the spring, but sellers also net more above their asking price at this time.  Don’t wait until spring to sell.  


If you’ve been thinking of selling your home, here are five compelling reasons to list now.

 

1. Take advantage of low inventory in Saskatoon and area housing market. 


Since most sellers are waiting until spring to list, local inventory falls during the offseason. However, there are still motivated buyers who are ready to move now and don’t want to wait that long to purchase a home.  According to the National Association of Realtors, 55 percent of all buyers purchased their home at the time they did because “it was just the right time.”  These eager buyers may flock to your home.  You may not need to try as hard to make your home stand out in the sea of other similar homes.  With less competition, more buyers, some of whom may have otherwise overlooked your home if you listed during the peak, will express an interest to buy.  While you’ll likely have fewer showings in the offseason, buyers who do visit will be more serious about writing an offer.  Your home will likely sell faster than it would have during the peak season.


2. Set a higher listing price. 


Homes sold during the offseason sell at a higher price, on average, than those sold during the spring and summer peak.  There are many reasons for this.  First, motivated buyers are willing to pay closer to the asking price for a home.  Second, homes are more likely to be priced right and reflect the economics of not only the local market, but the neighbourhood as well.  Often, homes listed during the peak may be priced to compete with other homes in the area and neighbourhood.  Sellers may be pressured to sell for less than the list price in order to encourage buyers to choose their home out of the others on the market.


3. You’ll receive more attention. 


While our team always strives to give you the personal attention you deserve, when you list during the offseason, we’re able to work more closely with you to ensure your home is prepared for its debut on the market.  We can also take more time to answer your questions, address your concerns and prepare you and your home for the sale.

Additionally, if you’d like to hire a tradesperson to handle routine maintenance or undertake a minor home renovation before you list, you may be able to take advantage of flexible scheduling and cheaper rates.  Many of these professionals experience a winter offseason as well, and they will be able to focus their time and attention on you and your project.

 

4. Easier to maintain curb appeal. 


Curb appeal is intended to attract the buyers who are just driving by as well as those who saw your home online and wanted to see it in-person.  It sets the stage for what interested buyers can expect when they step foot in the home during a showing or open house.  If you list your home during the peak of the selling season, you may exhaust your time your energy maintaining curb appeal.  You’ll likely spend most of your free time mowing the lawn, weeding, trimming shrubs and hedges, planting flowers in pots and in flowerbeds, pulling spent blooms and watering it all to ensure it looks lush and healthy on a daily basis.  After all, a lush landscape will attract potential buyers and set your home apart from other similar homes in the area.

The offseason eliminates the pressure to maintain a picture-perfect front landscape.  Since most grass, shrubs and plants go dormant at this time of year, you’ll have less to maintain.  If you live in an area that experiences a traditional winter, your landscape will be covered with snow.  Even if you live in a milder climate, you may not have to mow as often, if at all.  It’s still important to ensure your exterior appears well-tended, so make sure your walkway and front porch remains free of snow, ice and debris.

 

5. Tap into the life changes of buyers. 


Many buyers receive employee raises and bonuses at the end of the year.  If they’ve been saving to buy a home, this extra money may allow them to reach their goal for a down payment and put them on the path to becoming a homeowner.  Additionally, companies often hire new employees and relocate current ones during the first quarter of the year, creating a strong demand for housing.  If you live in an area that’s home to a large company or has a strong corporate presence, this may be the perfect time to list.

 

 
Thinking of Listing in the Offseason? 3 Things to Do Before You List

 

Get your home ready to list by following these tips.

 

1. Schedule maintenance. 


Buyers, especially first-time buyers, want a home they can move into right away; they don’t want to repair the roof or the furnace or replace windows with blown thermal seals before they move in.  Do the scheduled maintenance and make repairs before you list your home for sale.

In some cases, it may help to have an inspector do a pre-inspection of your home.  A pre-inspection will make you aware of any major, potentially deal-killing, issues that will have to be addressed before you list.  It also gives you an idea of minor issues that a potential seller may want repaired.  Overall, it helps you to accurately price your home and may protect you from claims a buyer might make later.

 

2. Create light. 


Balance out the lack of natural light outdoors by turning the lights on inside.  Since people naturally tend to buy emotionally, turning on the lights helps create a sense of warmth and coziness.  Light a fire in the fireplace, if you have one, fill your home with the scents of the season, such as vanilla or fresh baked cookies, and put a throw blanket on your sofa.

If you plan to paint the interior of your home before you list, consider an off-white shade to create consistency throughout your home and make the space feel larger and brighter.  If you have photos of your garden or the home’s exterior in the spring or summer, display them so interested buyers can get a glimpse of what the home looks like in other seasons.

 

3. Give your home a thorough cleaning. 


Cleaning puts your home in its best light.  Clean and polish all the horizontal surfaces of your home, including countertops, windowsills and baseboards; have the curtains dry cleaned or otherwise laundered; wash windows, glass doors and their tracks; vacuum carpeting and polish all wood surfaces, including the floor.

Additionally, this is a great time to pack any personal items and family photos as well as sort through your belongings and donate items you no longer use.  This not only eliminates any clutter, but it also gives you less to pack and move when you sell.

 

If you’re thinking of selling your home in Saskatoon, Warman, Martensville and area give Marla Janzen a call!  


 I would love to help you position your home to sell in our market. I take action to sell my client’s homes and find them the perfect new place to live while negotiating the best terms and price possible. I truly love what I do and take great pride in providing excellence in customer service to all of my clients. Marla Janzen





Superior Auto Body Shares What To Do If You Have An Accident IN Saskatchewan

Superior Auto Body has been in business since 1961, and SGI accredited since 1982... There are many reasons they have so many loyal longstanding clients from all over the city, but mostly it is the small, personal touches that they offer to people who have been unfortunate enough to require their services. They offer newer model courtesy cars and vans for their clients.. and to help out they will actually pick up your vehicle and take it to your SGI appointment for you and deliver the courtesy car to you at home... Superior take pride in their workmanship... as they always say, "When we get through it's just like new".


Superior Auto Body is a TRUSTED SASKATOON AUTO BODY shop…you will not regret choosing them!

Auto Body Experts at Superior Auto Body Saskatoon Driving Tip.


SGI VEHICLE REPAIR ESTIMATE PROCESS

Oh no, you have been involved in a collision or auto accident in Saskatoon...now what? 

 

Getting into an auto accident is a scary experience and the moments following are stressful. Obtaining a trustworthy collision repair estimate is a necessary first step toward getting your vehicle fixed and back on the road. Once you do that you can get on with your life Superior is here to help! Monty Heiser, owner Superior AutoBody 

 

If you are an advocate for having the initial vehicle repair estimate done at a preferred auto body shop ( such as Superior Auto Body, an SGI Elite Bodyshop) to avoid any dispute, we recommend the following steps:

 

The insured or whoever was driving at the time of accident needs to call SGI first to report their claim.  See the process and follow the steps by clicking on the image below! 




 

 

Depending upon the circumstances (time of day, type of accident, type of damage), all of which are at SGI’s discretion, the insured can immediately request, while making the report, to have the appraisal done at a preferred auto body shop, whose name needs to be mentioned at the time of report e.g. Superior Auto Body.

Should the request be granted by the adjuster, SGI will email the auto body shop directly with the insured’s details and claim information.

The auto body shop will contact the insured directly to arrange a date and time to do the appraisal.

Generally, it is a better option for the insured to call SGI to make the report and request to have the estimate done at their preferred auto body. This way, they know immediately if that is an option or not. Filing an online claim leaves the insured at SGI’s discretion to determine where to book the appraisal for, which might be at one of SGI’s claim centres, most likely.



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Top IT Security Tips From Burnt Orange Solutions your Trusted Saskatoon IT Experts

The Trusted team at Burnt Orange Solutions are located in the Saskatoon computers Category.

Honesty and respect are important factors in daily communication at Burnt Orange. Gareth and the team at Burnt Orange Solutions are YOUR Saskatoon IT stress solution. Burnt Orange Solutions are your Trusted Saskatoon IT Experts. In their latest Saskatoon IT Tip, they share top tips to ensure IT security at your Saskatoon business! 


Top IT Security Tips 


Keeping passwords, financial, and other personal information safe and protected from intruders, scammers and stalkers have long been a priority of businesses. Besides,  it’s increasingly critical for consumers and individuals to heed data protection advice and use good practices to keep personal information safe from harm.  Gareth McKee- Owner Burnt Orange Solutions 
 

 

 


   1. Backup your data.

One of the most basic, yet often overlooked, data protection tips for individuals is backing up your data. Basically, this creates a duplicate copy of your data so that if a device is lost, stolen, or compromised, you don’t also lose your important information.  This is vital for businesses, no matter how small or large. As the U.S. Chamber of Commerce and insurance company Nationwide pointed out.

 

“According to Nationwide, 68% of small businesses don’t have a disaster recovery plan. The problem with this is the longer it takes you to restore your data, the more money you’ll lose. Gartner found that this downtime can cost companies as much as $300,000 an hour.”

 

 2. Malware

 

Malware is a serious issue. Anti-malware protection is essential for laying a foundation of security for your devices. Malware is short for malicious software, and it’s software designed to infiltrate or damage a computer without your consent. Things that fall into this category sound scary – they include viruses, worms, trojan horses, spyware, scareware and more. Malware can attack you via websites and emails, or hidden in downloadable files, photos, videos,  The best way to avoid getting infected is to purchase and run a good anti-virus protection program, then do periodic scans for spyware. Also, be very vigilant when it comes to clickable links in emails or on websites you are unfamiliar with.

 

WARNING: 350,000 malware versions are identified every day. A new malware programme is released every seven seconds. Malware activity has increased by 61% over the last year. The cost of malware attacks is going up too, with companies and people losing around 11% more money in 2018 than in the previous year. Scammers are sneaky: sometimes malware is cleverly disguised as an email from a friend or client. Unfortunately, even the most cautious will likely pick up an infection at some point.  Gareth McKee

 

  3. Keep Up To Date

 

Operating system and software updates are a gigantic pain for users, but they’re a necessary evil! These updates contain critical security fixes and improvements twill protect you and your devices from newly discovered threats and glitches. Failing to install these updates means you are at risk. Operating systems and software updates may not be updated frequently or on a regular schedule so we suggest setting your systems to update automatically if possible.

 

   4. Secure Your Wireless Network.

 

A valuable IT tip for both small business owners and individuals, it’s always recommended to secure your wireless network with a password. This prevents unauthorized individuals within proximity to hijack your wireless network. Even if they’re merely attempting to get free Wi-Fi access, you don’t want to inadvertently share private information with other people who are using your network without permission. In addition, be sure to turn your computer off when you are finished using it. Leaving your computer connected to the Internet when it’s not in use gives scammers 24/7 access to install malware and commit cybercrimes. To be safe, turn off your computer when it’s not in use.

 


 






Contact Burnt Orange today for more information or to take advantage of your FREE initial consultation. View them on Facebook here. They are your Burnt Orange Solutions are Trusted Saskatoon IT Experts!



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