Mississauga Real Estate BLOG

Small actions can go a long way in help you manage energy use!

Winter is pretty much here and with it are the cold temperatures and high energy bills. With the following winter energy saving tips, you can help manage and reduce your electricity and natural gas use. “Small actions can go a long way in helping Ontario families manage electricity use and cut energy costs. It’s important to remember that the least expensive type of energy is the energy we don’t use. Conservation is an important part of the government’s plan to lower greenhouse gas emissions and transition to a clean, reliable modern electricity system.” says Chris Bentley, Minister of Energy.

1. Install a programmable thermostat, so you can lower your heat when sleeping or when not home
2. Eliminate drafts around doors, windows with weatherstrips
3. Have your furnace filter changed monthly and inspected each season
4. Run your dishwasher, washer and dryer in the early morning, evening or weekends
5. Unplug any electronic device not used, or turn off the power bar
6. Keep the closet and crawlspace doors closed to keep the heat in
7. Use energy efficient light bulbs (CFLs, LEDs)
8. During the day, let the sun shine in and warm up the space
9. Clean the dust off your fridge coils in the back
10. Repair any leaky faucets

During the week (Monday to Friday) energy prices peak twice: in the early morning and in the evening mainly due to space heating, plus increased lighting and appliance use. During the weekends and holidays the demand is lower. Here are the current rates per kilowatt hour (since May 1, 2012):

Off-peak (7 pm – 7 am) 6.3 cents
Mid-peak (11 am – 5 pm) 9.9 cents
On-peak (7 am – 11 am, 5 pm – 7 pm) 11.8 cents

Following these energy conservations tips will not only benefits your bottom line, but also helps build a cleaner energy system in Ontario and reduces environmental impact by lowering emissions of greenhouse gases. For more information or to learn more about energy conservations, visit saveONenergy.ca.

A minor problem now can become a major, and expensive, problem down the road.

Although home sellers may not always disclose the whole truth about the condition of their home, you most likely aren’t interested in paying for a professional inspection at every house you tour. There are several key areas that every buyer should pay close attention to when viewing prospective homes. Taking extra time to investigate these areas before you sign on the dotted line may help to waste time on a home that needs too much work or worse having to spend thousands of unwanted dollars after the purchase of your new home. Here is a list of some things to look out for:

Foundation Cracks. Examine the foundation from the outside and inside, too, if accessible. Look for horizontal cracks or any cracks bigger than one-third of an inch, which could mean serious structural problems. If the yard slopes toward the house, look for signs of water damage in the basement.

Bad or Strange Odors. Pay attention to smells in each room of the house, and even on the outside of the house. Cigarette smoke and pet odors can be difficult to hide. If a home smells heavily of cleaning products (especially bleach) or deodorizers, the seller may be trying to cover up a stinky situation.

Mildew and Mold. Check for signs of mold on basement walls and in laundry rooms. White or green colonies of mold can also indicate excessive water in the crawl space or basement. This can mean that soil needs to be brought in around the foundation to keep the water sloping away from the house.

Roof. Look for defective roofing and/or flashings, missing or falling shingles, curling shingles, flat spots in the roof that trap water, and low slope roofs that have shingles.

Weak Water Pressure / Old Plumbing. Check the water pressure by running the bathroom sink and flushing the toilet at the same time. Low water flow may indicate plumbing problems, such as corroded pipes that need to be replaced. New pipes can run as high as $15,000 in a typical 1,500-square-foot home.

Ceiling and Wall Stains. Water stains in a bathroom may indicate the shower or sink is leaking and needs to be re-caulked. It could also require ripping out tile and replacing the shower pan, which costs around $1,500 or having a plumber come in to repair the sink. Most roof leaks that come from the ceiling could be a result of neglected flashings that seals “valleys” in the roof or around a chimney or vents, which may cost up to $500. But roof leaks may also mean it is time to replace shingles, which could cost in the thousands of dollars. You may also want to take a look in the attic for broken trusses that could be causing leaks.

Doors That Don’t Close. If more than one door won’t close or swings open by itself, it may indicate a structural issue, such as a foundation that has settled or framing that is deteriorating.

Locked Doors. Inquire about any doors that are locked or marked “off limits” during your home tour. The homeowners may be trying to hide something.

Old or Faulty Wiring. Ensure all the switches and outlets in the house function properly. Flickering lights, circuits that don’t work and hot outlets or faceplates are all symptoms of wiring problems. Electrical needs for today’s appliances and electronics may exceed the capacity of homes built as little as 10 years ago. You may end up spending $2,500 or more to have an electrician update the electrical system.

Non-functioning Windows. Open and close all windows. Feel for irregular or large pockets of air drafts. Check for cracks and water in between double-paned windows.

If you enter negotiations to buy a house in Mississauga area, it is wise to always put in a condition on having a professional inspect the home for minor and major problems. Even brand new houses can have problems that the builder has overlooked. A minor problem now can become a major, and expensive, problem down the road. Most of these problems can be repaired, but depending on the specific problem; the cost can be substantial, which makes it the deciding factor in whether you ultimately buy the house.

Getting into today’s housing marketing isn’t out of the question if you do some good common-sense planning.

Talk about mixed messages. There’s concern that the new mortgage rules might push first-time home buyers out of the market. But mortgages are still a pretty amazing bargain – historically speaking. In fact, some are calling it the great Canadian mortgage sale. So what’s a first-time home buyer to do? Is buying a home in Mississauga for e.g. right now a reckless risk… or a great, time-limited opportunity?

Home ownership can make great financial sense. Over the long term, residential real estate has been a very strong asset – showing excellent appreciation. Renters who add up what they’ve shelled out during their renting years are often shocked to see how much mortgage help they’ve given their landlord. Most would prefer to have that money build their own home equity.

If you’re dreaming of a home of your own, then there’s good news. Getting into today’s housing marketing isn’t out of the question if you do some good common-sense planning.

Over the next few weeks I will offer some tips for first-time homebuyers – to ensure that you get off on the right foot in your home buying journey!  In the meantime if you require further information on the home buying process or the new mortgage rules feel free to visit my website www.mississauga-properties.ca or give me a call directly at 416-436-1086.