A Comprehensive Guide to Downsizing in Halifax

With Halifax’s aging population, we, as real estate professionals, are noticing an increasing number of residents interested in downsizing from single-family homes to condominiums. This trend spans across Canada, and many Canadians see Halifax as the perfect place to retire, thanks to our combination of urban living and coastal charm.

As Halifax condo specialists, we know firsthand the benefits that can come from downsizing to condo living. The decision to transition from a house to a condo is not simply a shift in residence but a journey toward enhanced convenience, reduced maintenance, and newfound flexibility.

Halifax’s real estate market has also experienced a significant increase in demand for condominiums in recent years, making purchasing here a great investment opportunity. Let’s delve into the benefits of downsizing, how to choose your Halifax Condo, budgeting, financial planning, and more!

Halifax Real Estate Market - A Shift Towards Condominiums

Halifax’s real estate market has experienced a shift in preference towards condominium living in recent years. With our growing population, condo living poses an attractive opportunity for property ownership. Condos allow new and existing residents to blend the urban convenience of our city with the slower coastal pace of the maritime provinces.

Statistics indicate a notable rise in the sale of Halifax condos, a trend attributed to their appeal among downsizers seeking a more manageable and maintenance-free residence. The city’s diverse neighbourhoods offer an array of condominium options, each with its unique charm and amenities, catering to a spectrum of preferences.

Beyond the numbers, Halifax’s real estate landscape is defined by a sense of community, proximity to cultural hotspots, and the breathtaking backdrop of the Atlantic Ocean. We hear day in and day out, prospective buyers value being within walking distance to amenities and also reducing the maintenance load that owning a single-family home brings—these are both great benefits to condo living.

Benefits of Downsizing to a Condo

Downsizing from a house to a Halifax condo opens the door to many benefits. Beyond the liberating sense of shedding excess space and possessions, condo living in Halifax presents advantages that resonate with the evolving preferences of today’s homeowners.

First and foremost, downsizing to a condo in Halifax translates to a significant reduction in maintenance responsibilities. No more mowing lawns or worrying about exterior upkeep; condos offer a turnkey solution for those seeking a more relaxed, maintenance-free lifestyle. This newfound freedom allows residents to redirect time and resources toward pursuits that truly matter. As a condo owner, you are only responsible for maintaining the inside of your unit—the rest is covered through your condo fees, which takes a lot of concern and pressure off you as the property owner.

Financial considerations also come into play, with downsizing often unlocking equity tied up in larger properties. Halifax’s condo market provides an array of options across different price points, ensuring that downsizers can find a residence that aligns with their budget.

The sense of community within Halifax’s condo developments adds another layer of appeal, fostering social connections and a supportive environment. From fitness facilities to communal spaces, many condos in Halifax are designed to enhance the overall quality of life.

Choosing the Right Halifax Condo

Your lifestyle and preferences are ultimately going to decide the right Halifax Condo for you. The city offers an array of condominium options—from luxury condos with a long list of amenities like The Roy, to more affordable options in quieter areas of the HRM such as the condos on Waterfront Drive in Bedford. As a downsizer, pinpointing the right fit involves considering several key factors.

Begin by assessing your desired location. Halifax has many diverse neighbourhoods, from the historic charm of downtown to the suburban living of Bedford, each offering a unique ambiance. Consider proximity to amenities, transportation hubs, and the overall vibe that aligns with your lifestyle.

Condo size and layout also play a pivotal role. Evaluate your specific needs and envision how each space complements your lifestyle. Whether it’s a cozy unit with a breathtaking view or a larger space for hosting friends and family, Halifax’s condo market provides diverse options to suit varying preferences.

Community features and amenities should also be on your radar. From fitness centers and common areas to social events, as you navigate the selection process, envision yourself in your new residence. This careful consideration ensures that your downsizing journey in Halifax is not just a change of address but a strategic move towards a more fulfilling way of living. While an in-house gym may be extremely important to one person, it may not matter to another.

Working with a Halifax Real Estate Agent

Navigating Halifax’s condo market is made notably smoother with the guidance of a knowledgeable real estate agent. A local expert well-versed in the nuances of Halifax condos can be instrumental in streamlining the downsizing process.

As Halifax Condo Specialists, we bring a wealth of market insights and can offer you a deep understanding of neighbourhood dynamics and emerging trends. Beyond market knowledge, we always aim to facilitate a seamless transaction process. From negotiating favourable terms to handling intricate paperwork, our guidance will ensure a stress-free downsizing experience. You can check out our pages below to view the benefits of working with us when buying and selling Halifax Real Estate!

Budgeting and Financial Considerations

Downsizing to a Halifax condo necessitates a focus on financial planning. Begin by evaluating the current market value of your existing property and understanding the potential equity release. You can request a home evaluation from us here.

Consider the costs associated with selling your house, such as real estate agent fees, legal expenses, and any necessary pre-sale renovations. See Closing Costs Here. Simultaneously, explore financing options for your condo purchase, factoring in mortgage rates and potential additional expenses like condo association fees.

Halifax’s real estate market offers a range of condo options across different price points. Align your budget with your preferences, keeping in mind that downsizing presents an opportunity not only to reduce living expenses but also to strategically allocate freed-up funds for other pursuits or investments.

Consulting with a financial advisor and collaborating closely with us will set you up for success. Together, we can navigate the financial landscape, help you make informed decisions that align with your downsizing goals, and set the stage for a secure and fulfilling future in your new Halifax condo.

Downsizing Logistics and Planning

As you embark on the practical aspects of downsizing, planning becomes your greatest ally. Begin by decluttering your current space, assessing possessions, and discerning what truly adds value to your new condo lifestyle.

Establish a timeline that aligns with both the sale of your current property and the acquisition of your new Halifax condo. This synchronized approach minimizes the transitional period, ensuring a seamless move.

When downsizing, spatial adjustment may necessitate creative storage solutions and multifunctional furniture. Embrace the opportunity to curate a living space that reflects your evolving lifestyle, optimizing each square foot for both practicality and aesthetic appeal.

Engage with your new condo community early on, attending meetings or events. This proactive approach enhances the transition, turning your downsizing venture into a positive and enriching experience. By approaching downsizing with thoughtful planning, you not only streamline the logistics but also lay the foundation for an exciting new chapter in your Halifax condo.

Halifax Condos for Sale

Once you have decided to downsize to a Halifax Condo, it is a great time to start browsing the market online to see what certain condos are selling for. Prices will vary depending on the neighborhood and amenities.

The easiest way to do this is to get set up on our listing alert system! You can click the button below, fill out your preferences, and we can set it up for you within seconds. Then, you will receive a daily email with any new condos that come for sale—ensuring you never miss out on what may be your new property!

The decision to downsize from a house to a condo signifies more than a change of address; it marks a shift towards a more streamlined, convenient, and fulfilling way of living. As we’ve explored the various facets of this downsizing journey, from understanding the nuances of the Halifax real estate market to choosing the perfect condo and navigating the logistics, it becomes evident that downsizing is not just about less space but about gaining a more desirable lifestyle.

Halifax, with its vibrant real estate landscape, presents an array of condominium options that cater to the diverse preferences of downsizers. The city’s neighborhoods, each with its unique features, all present different benefits. With our guidance, you will be sure to find a condo that's perfect for you and your lifestyle.

If you’re looking to start your downsizing journey or want to chat about the Halifax real estate market, we’d be happy to help. Click the contact us button below, fill out the form, and we will be in touch!

Serious about downsizing? Fill out the form below to access our free ultimate guide to downsizing!

Author: Brynn Carmody
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

The Impact of Seasons on Real Estate Sales in Canada

When it comes to buying or selling a home, timing can be everything. The real estate market, like the Canadian landscape itself, experiences distinct seasons, each influencing the dynamics of property transactions in its own way. Understanding the impact of seasons on real estate sales is not merely an exercise in market analysis; it's a strategic insight that can make all the difference for both buyers and sellers.

Overview of the Canadian Real Estate Market

To comprehend the impact of seasons on real estate sales in Canada, it's crucial to first grasp the current state of the Canadian real estate market.

Market Trends and Statistics:

Recent trends indicate a notable increase in demand for residential properties across various provinces. However, it's essential to note that the market conditions can vary significantly from one region to another. Metropolitan areas may experience a fast-paced market with high demand and competitive bidding, while rural or less densely populated areas might follow a different trajectory.

If you want to know more about the Halifax Real Estate Market, click the button below to visit our Market Trends Blog!

Seasonal Patterns in Canada

Canada's vast geography contributes to diverse climates, and this diversity is reflected in the real estate market's response to seasonal changes. Traditionally, the market experiences heightened activity during the warmer months, with spring standing out as the peak selling season. However, nuances emerge as we navigate through the calendar.

Understanding these patterns is essential for both buyers and sellers. For sellers, aligning the listing strategy with the seasonal preferences of potential buyers can enhance visibility and attractiveness. Meanwhile, buyers can leverage seasonal fluctuations to potentially secure better deals or explore less competitive markets during specific times of the year.

Spring - The Peak Selling Season

As winter fades and the first buds of spring emerge, the Canadian real estate market experiences a palpable shift. Spring stands as the undisputed champion of the real estate calendar, heralding the peak selling season. The reasons behind this seasonal prominence are both practical and psychological, creating an environment conducive to buying and selling homes.

1. Renewed Energy and Optimism:

With the arrival of spring, there's a collective sense of renewal and optimism. Warmer temperatures and longer daylight hours motivate prospective buyers to venture out and explore the housing market. The thawing of winter's grip often translates into a thawing of buyer hesitation, leading to increased activity.

2. Curb Appeal Matters:

Spring showcases homes at their best. Trees regain their foliage, flowers bloom, and lawns transform into lush carpets of green. Sellers can leverage the natural beauty of spring by focusing on curb appeal. A well-maintained exterior not only attracts potential buyers but also sets a positive tone for property viewings.

3. Families on the Move:

Spring is a popular time for families to make housing changes. With the school year winding down or coming to an end, parents often seek to complete their move before the next academic year begins. This family-driven trend contributes to the surge in real estate activity during the spring months.

4. The Psychology of Spring Buying:

The psychology of home buying is heavily influenced by emotions, and spring tends to evoke positive feelings. The abundance of natural light, the pleasant weather, and the overall sense of rejuvenation contribute to a favourable environment for decision-making. Sellers can capitalize on this by highlighting the unique features of their homes that align with the spirit of the season.

Strategies for Sellers in Spring:

For sellers looking to capitalize on the spring market, timing and presentation are key. Consider listing your property early in the season to attract motivated buyers. Highlight outdoor spaces, such as gardens and patios, and ensure that your home is well-lit to showcase its full potential.

Summer - Balancing Act

As the temperatures rise and the days lengthen, the Canadian real estate market transitions from the bustling activity of spring to the more relaxed rhythm of summer. While the pace may not be as frenetic as in the previous season, summer presents both challenges and opportunities for buyers and sellers navigating the real estate landscape.

1. Vacation Mode and Real Estate:

Summer is synonymous with vacations, and this can have a notable impact on real estate dynamics. Prospective buyers and sellers might find themselves in "vacation mode," leading to a temporary slowdown in market activity. However, this can also create a less competitive environment for those who choose to remain active in the market.

2. Showcase Outdoor Spaces:

One of the distinct advantages of selling during the summer is the opportunity to showcase outdoor spaces. Patios, gardens, and outdoor entertaining areas can be major selling points. Sellers should ensure that these spaces are well-maintained and staged to highlight their full potential, creating an inviting atmosphere for potential buyers.

3. Capitalizing on Natural Light:

Summer provides an abundance of natural light, and sellers can leverage this to their advantage. Open curtains and blinds to let sunlight flood the interior, creating a bright and airy atmosphere. Consider scheduling property viewings during daylight hours to showcase the home in its best light.

4. Buyers on a Flexible Schedule:

With longer days and a generally more relaxed atmosphere, buyers often have more flexibility in their schedules during the summer months. This can lead to extended property viewings and more thoughtful decision-making. Sellers should be prepared for this by ensuring their homes are well-prepared and making a positive impression.

Challenges of Selling in Summer:

While summer offers unique advantages, it's important to be aware of potential challenges. The aforementioned "vacation mode" can result in fewer buyers actively searching for homes, and sellers may need to be patient as the market experiences a temporary lull. Additionally, competition from other sellers looking to capitalize on summer's advantages may require strategic pricing and marketing.

Strategies for Sellers in Summer:

To navigate the summer real estate market successfully, sellers should focus on creating a comfortable and inviting atmosphere, both indoors and outdoors. Consider hosting open houses during weekends or evenings to accommodate potential buyers with varied schedules. Highlight the lifestyle benefits of the property, emphasizing its suitability for summer activities.

Fall - A Season of Change

As summer fades and the leaves begin to turn, the Canadian real estate market enters the contemplative season of fall. Characterized by a changing landscape and a shift in buyer behaviour, fall brings both opportunities and considerations for those engaged in buying or selling a home.

1. The Advantage of Tranquility:

Fall often brings a sense of tranquillity, and this can work to the advantage of both buyers and sellers. With the hustle and bustle of summer activities winding down, those actively engaging in the real estate market can benefit from a more focused and less crowded environment.

2. Motivated Buyers and Sellers:

As the end of the calendar year approaches, there's often a sense of urgency among both buyers and sellers. Buyers may be motivated to secure a property before winter sets in, while sellers may seek to close deals before the holiday season. This mutual motivation can lead to more efficient and streamlined transactions.

3. Showcasing Cozy Spaces:

Fall is a season that emphasizes comfort and warmth, and sellers can capitalize on this by showcasing the cozy aspects of their homes. Consider staging key areas with warm blankets, soft lighting, and autumnal accents. Highlighting features like fireplaces can evoke a sense of coziness that resonates with potential buyers.

4. Landscape Transformations:

While fall brings a stunning transformation to the natural landscape with vibrant foliage, sellers should be mindful of maintaining their property's curb appeal. Regular leaf removal and proper landscaping can ensure that the exterior remains inviting and well-kept. Use the season's colours to enhance the overall visual appeal.

Considerations for Fall Sellers:

Fall sellers should be strategic in their approach. Pricing the property competitively and ensuring that it stands out in the market are crucial considerations. Additionally, flexibility in negotiations may be beneficial, as both buyers and sellers navigate the changing dynamics of the season.

Strategies for Fall Buyers:

Buyers exploring the fall market can take advantage of potentially lower competition and motivated sellers. However, it's important to act decisively, as the window between fall and the onset of winter can be relatively short. Being prepared with pre-approved financing and a clear list of priorities can streamline the buying process.

Winter - Challenges and Opportunities

As winter blankets the Canadian landscape in snow, the real estate market undergoes a unique transformation. Winter, often perceived as a challenging season for buying and selling homes, presents both obstacles and opportunities for those navigating the real estate journey.

1. The Perception Challenge:

Winter may come with the perception of being a less favorable time for real estate transactions. The cold weather, potential snow accumulation, and the holiday season can deter some buyers and sellers from actively participating in the market. However, those who embrace the winter market can find distinct advantages.

2. Reduced Competition:

One of the key advantages of selling in winter is reduced competition. With fewer properties on the market, sellers may find that their listings stand out more prominently. Serious buyers who are actively searching during the winter months are often highly motivated, leading to potentially quicker transactions.

3. Highlighting Winter-Ready Features:

Sellers can capitalize on winter-ready features of their homes. Energy-efficient heating systems, well-insulated windows, and cozy fireplaces can become selling points. Properly maintained driveways and walkways demonstrate a commitment to property upkeep, reassuring buyers about the home's overall condition.

4. Winter Staging Strategies:

Staging takes on a different dimension in winter. Create a warm and inviting atmosphere by incorporating soft textures, warm lighting, and perhaps even a crackling fire. Consider showcasing the property during daylight hours to take advantage of the limited natural light available in winter.

5. Buyer Advantages:

Winter buyers may enjoy more negotiating power due to the reduced competition. Sellers, particularly those motivated by external factors, may be more open to negotiations on pricing and terms. Winter can be an opportune time for buyers to secure a favourable deal, provided they are prepared to navigate potential challenges.

Navigating Winter Challenges:

While winter presents unique opportunities, it's essential to address potential challenges. Weather-related disruptions, such as snowstorms, can impact property viewings and inspections. Both buyers and sellers should remain flexible and communicate effectively to navigate any weather-related hurdles.

Understanding the impact of seasons on real estate sales in Canada is an invaluable tool for both buyers and sellers. Each season brings its own set of considerations and opportunities, shaping the dynamics of the market. Whether it's the vibrancy of spring, the leisurely pace of summer, the contemplative atmosphere of fall, or the unique challenges and advantages of winter, embracing the seasonal nuances can lead to successful real estate transactions.

Author: Brynn Carmody
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

Halifax's New Residential Rental Registry: A Step Towards a Better Rental Landscape

Renting a property in Halifax, Nova Scotia, is about to get more transparent and efficient, thanks to the new Residential Rental Registry. Starting June 12, 2023, the R-400 By-law required property owners to register their residential rental properties, with a deadline set for April 1, 2024. This initiative aims to create a clearer picture of the rental landscape in Halifax and improve the municipality's ability to provide services where needed. Let’s dive into the details of this development and discuss the potential benefits it holds for both residents and the HRM.

THE NEED FOR THE RESIDENTIAL RENTAL REGISTRY

The decision to establish the Residential Rental Registry is driven by the need for a more accurate and detailed record of rental properties within the Halifax Regional Municipality. Currently, the information available regarding such properties is limited, making it challenging for both the municipality and tenants to access essential information and services. This lack of transparency can lead to issues in property maintenance, tenant-landlord relationships, and even public safety.

Key Features of the Residential Rental Registry:

• Registration Requirement: Under the R-400 By-law, property owners are obligated to register their residential rental properties. This process ensures that all rental units are accounted for and brings them under the regulatory umbrella.

• Deadline: Property owners must complete their registration by April 1, 2024, allowing ample time for compliance.

• Information Accessibility: The registry will make critical property information readily accessible to both the municipality and tenants, ensuring that residents can live in safe and well-maintained rental units.

BENEFITS OF THE RESIDENTIAL RENTAL REGISTRY

• Improved Transparency: The registry will enhance transparency in the rental market by providing a comprehensive database of registered properties. This will empower tenants to make more informed choices about their housing, knowing that their rental unit is registered and meets certain standards.

• Maintenance and Safety: The registration process helps in ensuring that rental properties comply with safety and habitability standards. This contributes to better property maintenance and safety for tenants.

• Enhanced Municipal Services: By having accurate and detailed information about the rental landscape, the HRM will be better equipped to allocate resources, provide essential services, and respond to the needs of residents.

• Conflict Resolution: The registry can facilitate smoother conflict resolution between landlords and tenants by providing a clear record of the rental agreement.

THE IMPORTANCE OF THE RESIDENTIAL RENTAL REGISTRY

As we delve deeper into the Residential Rental Registry, it becomes evident that this initiative is not just another bureaucratic requirement but a significant step towards transforming the rental landscape in Halifax for the better.

• Transparency in the Rental Market: Gone are the days when prospective renters had to rely solely on a few photographs and a brief description to make one of life's most crucial decisions. With the registry, they can now access detailed property information, helping them evaluate factors like location, amenities, and compliance with safety and habitability standards. This transparency is a win-win for both tenants and landlords. Tenants can make informed choices, and landlords can attract responsible tenants who appreciate their commitment to transparency and safety.

• A Safer and More Well-Maintained Rental Landscape: From proper electrical and plumbing systems to adequate heating and insulation, these standards are in place to protect the rights of tenants and ensure that their homes are safe and comfortable. Compliance with these standards will undoubtedly lead to a reduction in property-related issues and disputes, creating a harmonious living environment for all.

• Enhanced Municipal Services: Having an accurate record of rental properties allows the HRM to make informed decisions regarding resource allocation. For example, if a certain area has a high concentration of rental properties, the municipality can allocate more resources for waste management, infrastructure maintenance, and public services like schools and healthcare facilities. This targeted allocation ensures that resources are used efficiently, benefiting both tenants and the larger community.

• Smooth Conflict Resolution: Conflict is an inherent part of life, and in the realm of rentals, disputes between landlords and tenants can sometimes arise. However, with the Residential Rental Registry, conflict resolution becomes more straightforward. This centralized record of rental agreements can serve as an essential reference in the event of disputes.

  The registry can help identify and clarify the terms of the rental agreement, ensuring that both parties adhere to their respective responsibilities. This not only benefits landlords and tenants but also reduces the burden on the legal system, as many disputes can be resolved more efficiently through mediation and negotiation.

HOW TO REGISTER YOUR RENTAL PROPERTY

Now that we understand the significance of the Residential Rental Registry, let's take a closer look at the process of registering a rental property in Halifax:

• Gather Necessary Information: Before you begin the registration process, gather all the required information about your rental property. This may include property details, contact information, and documentation that proves your ownership or authorization to rent the property.

• Visit the HRM Website: The HRM has made it easy for property owners to register their rental units. Visit the Halifax Residential Rental Registry webpage (https://www.halifax.ca/business/doing-business-halifax/residential-rental-registry) for access to the registration portal.

• Create an Account: To register your property, you'll need to create an account on the HRM website. This account will be your portal for accessing and managing your property information.

• Complete the Registration Form: The registration form will require you to provide detailed information about your property, including its location, type, and safety features. Ensure that all the information you provide is accurate and up to date.

• Submit Supporting Documentation: You may be required to submit supporting documentation, such as proof of ownership or authorization to rent the property. Be prepared to upload these documents during the registration process.

• Review and Confirm: Before finalizing your registration, review all the information you've provided and confirm its accuracy.

• Receive Confirmation: Once your registration is successfully processed, you'll receive a confirmation from the HRM. This confirmation verifies that your rental property is now part of the Residential Rental Registry.

By following these steps, you ensure that your rental property complies with the R-400 By-law and contributes to a more transparent, safer, and efficient rental landscape in Halifax.

The Halifax Residential Rental Registry is a groundbreaking initiative that promises to bring positive changes to the rental landscape in the Halifax Regional Municipality. By requiring property owners to register their rental units, this initiative aims to create transparency, improve safety and maintenance, enhance municipal services, and simplify conflict resolution. It transforms the rental market into a more responsible and efficient sector, benefiting both landlords and tenants.

As we approach the implementation of this system, the residents of Halifax can look forward to a rental environment that is safer, more transparent, and better regulated. It's a step in the right direction, aligning with the HRM's commitment to creating a community where everyone can thrive. Stay tuned for further updates as this innovative initiative takes shape in the months to come.

Author: Jordan Gunn
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

The Pros and Cons of Buying a Fixer-Upper

In the world of real estate, the idea of buying a fixer-upper has a unique allure. It conjures up images of turning a neglected property into a dream home and the potential for significant financial gains. However, the decision to purchase a fixer-upper comes with a set of pros and cons that every prospective homebuyer should carefully consider. In this comprehensive guide, we will explore the advantages and disadvantages of buying a fixer-upper, helping you make an informed decision as you embark on your homebuying journey.

Pros of Buying a Fixer-Upper

1. Lower Purchase Price

One of the most appealing aspects of buying a fixer-upper is the potential for a lower purchase price. These homes are typically priced lower than move-in ready properties, allowing buyers to enter the housing market with a smaller initial investment.

2. Personalization and Creativity

Fixer-uppers offer an exciting opportunity for personalization. You have the freedom to tailor the property to your specific tastes and needs, turning it into your ideal home.

3. Potential for Equity Gain

By investing time, effort, and money into improving a fixer-upper, you can increase its value substantially. This means the potential for equity gain is significant, especially if you plan to sell or refinance in the future.

4. Learning and Skill Development

Buying a fixer-upper can be an educational experience. You'll learn about home improvement, renovations, and property maintenance, which can be valuable skills for homeowners.

5. Ideal for Investors

Fixer-uppers can be a great choice for real estate investors looking to flip properties or build a rental portfolio. The potential for a high return on investment is attractive.

Cons of Buying a Fixer-Upper

1. Renovation Costs

One of the most significant cons of buying a fixer-upper is the potential for high renovation costs. The initial purchase price may be lower, but renovation expenses can add up quickly, and unforeseen issues may arise.

2. Time-Consuming

Renovating a fixer-upper is a time-consuming endeavor. If you have a busy schedule or limited DIY skills, this may not be the best option for you.

3. Stress and Uncertainty

Renovation projects can be stressful and unpredictable. Delays, unexpected issues, and budget overruns can create anxiety for homeowners.

4. Hidden Problems

Fixer-uppers often come with hidden problems that aren't immediately visible. Issues with the foundation, electrical, or plumbing can be costly and challenging to address.

Tips for Buying a Fixer-Upper

Before you decide whether a fixer-upper is right for you, consider the following tips to make an informed decision:

1. Create a Detailed Budget

Before purchasing a fixer-upper, create a detailed budget that includes not only the purchase price but also estimated renovation costs. Factor in a contingency fund for unexpected expenses.

2. Get a Thorough Inspection

A comprehensive home inspection is crucial. Hire a qualified inspector who can identify existing problems and potential issues. This knowledge will help you make an informed decision.

3. Prioritize Renovations

Identify which renovations are essential and which are optional. Prioritizing projects can help you stay within budget and tackle the most critical improvements first.

4. Plan for Temporary Living Arrangements

If the fixer-upper needs extensive work, you may need to make temporary living arrangements, which can add to your expenses.

5. Consider Your DIY Skills

Be honest about your DIY skills and the amount of work you're willing and able to do yourself. For complex renovations, it may be necessary to hire professionals.

6. Explore Financing Options

Research financing options for fixer-uppers, such as renovation loans, and compare them to conventional mortgage options to determine the best fit for your situation.

Buying a fixer-upper is a decision that can be both rewarding and challenging. The lower purchase price and potential for equity gain are enticing, but the renovation costs, time commitment, and stress are significant drawbacks. As a prospective homebuyer, it's essential to carefully weigh the pros and cons, conduct thorough research, and create a detailed plan before embarking on a fixer-upper journey. With the right approach and realistic expectations, a fixer-upper can indeed become the home of your dreams while providing a valuable financial opportunity.

Author: Jordan Gunn
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

Exploring the Unique Lighthouses of Nova Scotia's Coastline

Halifax, Nova Scotia, is a city steeped in maritime history and its rugged coastline is decorated with a series of iconic lighthouses that have guided sailors for centuries. These structures are not only functional but also serve as picturesque landmarks, each with its own unique charm and history. In this blog post, we'll explore the fascinating world of coastline lighthouses, uncovering their stories and the incredible views they offer.

Peggy's Cove Lighthouse: A Maritime Icon

Our exploration begins with the famous Peggy's Cove Lighthouse, one of the most recognizable landmarks in Nova Scotia. This classic red-and-white lighthouse stands atop granite boulders, with the wild Atlantic Ocean crashing against the rocks. Visitors can learn about the history of this iconic structure and take in breathtaking views of the surrounding coastline.

Peggy's Cove has long been a symbol of maritime life in Nova Scotia. This lighthouse was built in 1914 and still serves as an active beacon for ships traversing the treacherous waters. The history of Peggy's Cove is deeply intertwined with the local fishing community. The area surrounding the lighthouse is an excellent place for photography and exploration, with its unique rock formations and vibrant flora. Just be sure to not venture down to the black rocks!

Sambro Island Lighthouse: Oldest Operating Lighthouse in the Americas

Sambro Island Lighthouse is not just another beacon; it's the oldest operating lighthouse in the Americas. Its history is rich, dating back to the 18th century. Discover the stories of shipwrecks and bravery that surround this unique structure when visiting, and enjoy panoramic views from the island.

The history of Sambro Island Lighthouse is a testament to the resilience of early lighthouse keepers and the dangers faced by sailors navigating the rocky Nova Scotian coast. The lighthouse has witnessed countless storms and saved numerous lives. Visitors can tour the lighthouse and get a sense of what life was like for its keepers.

Chebucto Head Lighthouse: A Guiding Light for Halifax Harbour

Nestled on Chebucto Head, this lighthouse plays a crucial role in guiding ships safely into Halifax Harbour. Visit this lighthouse and explore the role it played in maritime history and take a leisurely hike to appreciate the stunning views from its vantage point.

Chebucto Head Lighthouse is strategically positioned to provide safe passage for vessels entering Halifax Harbour. Its history is closely connected to the growth of Halifax as a bustling port city. This lighthouse is part of a network of navigational aids that ensure the safety of ships entering the harbour, and it stands as a sentinel to Halifax's maritime heritage. The hiking trails around Chebucto Head offer stunning vistas of the rugged coastline.

Cape George Lighthouse: Beauty in Isolation

Cape George Lighthouse sits on the northern coast of Nova Scotia, offering a unique sense of isolation and tranquillity. Visit this lighthouse and learn about its history, and enjoy the serene atmosphere and scenic vistas during your visit.

Cape George Lighthouse is a hidden gem, less frequented by tourists but no less significant in its role. Its remote location provides a serene and tranquil atmosphere for visitors who seek solace in the beauty of the coastline. Cape George has a rich history of shipwrecks and rescue missions, and you can explore this maritime history through on-site exhibits and informative tours.

Fort Point Lighthouse: A Blend of History and Beauty

Fort Point Lighthouse in Liverpool combines history with coastal charm. Explore the nearby museums and learn about the maritime heritage of the area. This lighthouse provides a glimpse into the past while offering picturesque views of the surrounding landscape.

Fort Point Lighthouse is not just a solitary structure; it's part of a historical complex that includes museums and exhibits, providing visitors with a deep dive into the maritime history of Liverpool and Nova Scotia. You can explore the old lighthouse keeper's quarters, view artifacts from shipwrecks, and learn about the heroic deeds of those who braved the sea to save lives. The location of Fort Point Lighthouse offers stunning views of Liverpool's waterfront and the picturesque Mersey River.

Beaver Island Lighthouse: A Remote Coastal Gem

For those seeking a more remote and off-the-beaten-path adventure, Beaver Island Lighthouse delivers. Located on Beaver Island, the journey to this lighthouse is an adventure in itself. The lighthouse and the island are rich in natural beauty, and visitors can appreciate the tranquillity of this isolated spot.

Beaver Island Lighthouse is not your typical tourist destination; it's an exploration of pristine wilderness and isolation. To reach this lighthouse, visitors often embark on a boat or kayak trip, immersing themselves in the scenic beauty of the surrounding waters. Once on the island, you can hike, bird watch, or simply find a quiet spot to take in the solitude and the natural splendour that defines Beaver Island.

The Lighthouse Route: An Epic Coastal Road Trip

Combine all these unique lighthouses into a road trip along the famous Lighthouse Route. This scenic drive takes you to several lighthouses, offering stunning ocean views, charming fishing villages, and a deep immersion into Nova Scotia's maritime culture.

The Lighthouse Route is a legendary road trip that takes you on a journey through Nova Scotia's coastal beauty. Starting in Halifax, you can explore each of the lighthouses mentioned in this post and more. Along the way, you'll discover picturesque fishing villages, delicious seafood shacks, and opportunities to experience the local maritime culture. The route offers numerous accommodations and dining options, making it an excellent way to experience the entire region.

Experiencing a Lighthouse Keeper's Life

Ever wondered what it's like to be a lighthouse keeper? Some of Halifax's lighthouses offer immersive experiences, where you can step into the shoes of a historic lighthouse keeper, learning about their daily routines and challenges. It's a fantastic way to connect with the past.

Lighthouse keeper experiences allow you to gain firsthand insight into the daily lives of those who kept these beacons lit. You can take part in the daily routines, from maintaining the light to documenting weather conditions. These programs offer a unique educational opportunity for visitors of all ages. You can even spend a night or a weekend living the life of a lighthouse keeper, complete with solitude and stunning coastal vistas.

Nova Scotia’s coastline lighthouses are more than just navigational aids; they are living pieces of history and symbols of maritime heritage. Exploring these unique lighthouses not only provides insight into the seafaring history of the region but also offers a chance to connect with the breathtaking beauty of the Nova Scotian coastline. Make sure to add these landmarks to your itinerary and create memories that will last a lifetime. From Peggy's Cove to Beaver Island, these lighthouses are waiting to guide you on a remarkable journey through time and nature along Nova Scotia’s stunning coastline. With each lighthouse, you'll discover a piece of Nova Scotia's maritime soul and a deeper appreciation for the rich history and natural wonders of this coastal region.

Author: Jordan Gunn
Licensed Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

Handling Multiple Offers - What Sellers Need to Know

Selling your home is an exciting journey, and it can get even more thrilling when you find yourself in a situation where multiple buyers are vying for your property. Multiple offers are a clear sign that your home is in demand, but they can also be overwhelming if you're not prepared. In this blog post, we'll dive into the world of handling multiple offers as a seller, giving you the insights and strategies you need to make informed decisions and maximize your home's value.

The Impact of a Seller's Market

Before we jump into the nitty-gritty of handling multiple offers, it's essential to understand the broader market conditions. A seller's market, characterized by low housing inventory and high buyer demand, often leads to multiple offers. Halifax has been in a strong seller’s market for the past few years, meaning many properties are in the position to receive multiple offers. Many sellers have had great success in our market over the past couple of years, with prices rising by 85% in the past five years!

Setting the Stage for Multiple Offers

To attract multiple offers, you need to prepare your home meticulously. This means paying attention to details like staging, curb appeal, and pricing strategies. Additionally, having seasoned real estate professionals like us by your side can make all the difference when it comes to positioning your property effectively.

Staging your home: Proper staging helps buyers visualize themselves living in the space, which can lead to a more emotional connection and a greater likelihood of them making competitive offers.

Enhancing Curb Appeal: A well-kept exterior not only attracts more buyers but also sets a positive tone for their perception of the entire property.

Pricing Strategies: Pricing your home strategically is a critical component of attracting multiple offers. Overpricing can deter potential buyers while underpricing might leave money on the table.

Receiving Multiple Offers

Receiving multiple offers on your home is a significant milestone in the selling process. It signifies that there is genuine interest in your property and opens up opportunities for you as the seller. However, this stage can also be a bit overwhelming, as you'll need to carefully assess each offer to make informed decisions.

• When offers start coming in, it's essential to give each one your full attention. Read through the offers carefully to understand the terms, conditions, and any contingencies attached.

• Pay close attention to the offer price, as this is often the most critical factor for sellers. However, it's not the only consideration. Other elements of the offer can significantly impact its overall attractiveness.

• Carefully evaluate the contingencies in each offer. Offers with fewer or less restrictive contingencies may be more appealing, as they indicate a higher likelihood of a smooth and timely transaction.

• Assess the qualifications of the buyers in each offer. Are they pre-approved for a mortgage, or do they have the necessary funds to purchase your home? Pre-approved buyers are often more attractive, as they are closer to securing financing.

• Consider the buyer's earnest money deposit, which demonstrates their commitment to the purchase. A larger deposit can be a positive indicator of their seriousness.

• Review any additional terms and conditions in the offers. These may include requests for specific repairs or allowances, timelines for the closing, and other unique provisions.

• Evaluate how these terms align with your preferences and priorities. Some flexibility may be necessary to accommodate the most favourable offer.

Counteroffers and Negotiation:

Depending on your assessment of the offers, you may choose to counteroffer with specific terms or conditions. Negotiation is a standard part of the process, and it can help you secure the best possible deal. We will provide guidance on negotiation strategies and help facilitate communication between you and the buyers.

Accepting an Offer

Once you've selected the most suitable offer, we'll guide you through the process of accepting it. We'll cover the paperwork and legal considerations involved in moving forward with the chosen buyer.

The Closing Process

The journey doesn't end with accepting an offer; you must prepare for the closing process. Many of the steps needed to close are for the buyer to complete, however, you will still need to communicate with your mortgage lender and lawyer, provide requested documents to the buyer, and allow the buyer to complete the inspections. We’ll be there every step of the way in this final phase, including ensuring the buyer has all documents, helping book inspections, arranging appraisals, title transfers and more.

Celebrating Your Successful Sale

Finally, once your home has closed, you get to celebrate your successful sale! Selling a home, especially in a multiple-offer situation, can be a rollercoaster, and it's essential to take a moment to appreciate your accomplishment.

Handling multiple offers as a seller requires preparation, effective communication, and a clear understanding of your goals. By navigating this process with care and using the strategies we've outlined, you can make the most of your home sale and achieve success in a competitive real estate market.

Author: Jordan Gunn
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

Halifax's Short Term Rental Regulations are Now in Effect

Back in February, Halifax announced new restrictions on short-term renting. In the city’s attempt to free up housing for local residents rather than tourists, new restrictions were met with mixed responses. We made a blog post back in March explaining these new proposed restrictions, however, we thought we would now make an updated post now that the new regulations have gone into effect (September 1, 2023).

As of September 1, 2023, all short-term rentals in the HRM must comply with new land-use bylaw regulations. 

New Definitions (Taken from halifax.ca):

Short-Term Rental: a dwelling unit, or part thereof, that is used mainly for the reception of the travelling or vacationing public and is provided as temporary accommodation for compensation.

Short-Term Bedroom Rental: a short-term rental where individual bedrooms within a dwelling unit are rented to separate parties or groups with or without meals.

New Regulations (Taken from halifax.ca):

Short-term rental in residential zones

• Entire home STRs are only permitted in residential zones where it is located within the primary residence (dwelling unit) of the host

• This allows residents to offer their own homes as a STR when they are away

• Your primary residence does not include a second unit (such as a backyard suite) on the same property where you normally live

Short-term rental in commercial zones

• Zones that permit tourist accommodations such as hotels or motels also permit STRs

• Where tourist accommodations are permitted, commercial STRs do not need to be located in a primary residence

Short-term bedroom rentals

• Short-term bedroom rentals are permitted in both residential zones and zones that allow commercial STRs (this has replaced the former provisions for bed and breakfasts)

• In residential zones, the host must be the primary resident and must be on site while STR rooms are occupied

• Consistent with existing regulations for bed and breakfasts, short-term bedroom rentals will limit the number of bedrooms that can be offered at the same time (typically most residential zones will include a limit of three bedrooms that can be rented, and some plan areas allow larger scale short-term bedroom rentals.

Permit Requirements:

Any commercial short-term rentals or short-term bedroom rentals are now required to obtain a development permit. If the STR is located in your primary residence, you do not need a permit, but you must contact your municipality to ensure the requirements of a primary residence are met. 

Other Regulations

Other regulations that apply to tourist accommodations such as hotels, motels, and inns may also apply to Short Term Rentals. Check your zone and its permitted uses.

Short-Term Rental Checklist (Taken from halifax.ca)

1. Determine if your STR operation meets the regulations by:

Reviewing the information on this page (halifax.ca/shorttermrentals)

Reading the land use by-law for your area and the zone permissions for your land parcel with halifax.ca's interactive ExploreHRM mapping tool

Contacting a planner to confirm the requirement by contacting 311

2. Apply for a permit if necessary

3. Receive approved permit if necessary

4. Register once with the municipality’s Residential Rental Registry

5. Register annually with the Province of Nova Scotia’s Tourist Accommodations Registry

6. Begin offering short-term rental accommodations

Additional Questions:

If you have any additional questions, you can contact us, view halifax.ca's frequently asked questions on Short-term Rentals, or call 311 to speak to a planner. 

If you currently own a short-term rental, you are likely aware that these new regulations are now in effect. If you have not yet spoken to a planner or applied for your permit, you may be in violation. Make sure you always follow the city’s regulations to make the most of your real estate investments and to avoid penalties.

Author: Jordan Gunn
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

Emotional Detachment: The Key to a Successful Home Sale

Selling a home is undoubtedly a significant life event. It's a journey that's often accompanied by a range of emotions – nostalgia, excitement, anxiety, and even a tinge of sadness. After all, your home isn't just a structure; it's a repository of memories and experiences. However, amidst these emotions lies a critical factor that can determine the success of your home sale: emotional detachment. In this blog post, we'll delve into the importance of emotional detachment when selling your home and provide valuable insights on how to navigate this process with a clear, rational mindset.

Understanding the Role of Emotions

It's only natural to feel an emotional attachment to a place where you've spent years creating memories. Your home represents safety, comfort, and familiarity. However, when it comes time to sell, these emotions can cloud your judgment and hinder the decision-making process. Emotional attachment can lead to overpricing, resistance to necessary changes, and difficulty in negotiating with potential buyers.

The Importance of Emotional Detachment

Emotional detachment doesn't mean erasing all emotions; it means striking a balance between your feelings and the practical aspects of selling a home. Here's why emotional detachment is essential for a successful home sale:

• Objective Decision-Making: Detaching emotionally allows you to make rational decisions based on market trends, comparable sales, and the advice of real estate professionals. This ensures you set a competitive price, make necessary repairs, and stage the home effectively.

• Appealing to Buyers: When a home is staged and presented without personal clutter, it's easier for potential buyers to envision themselves living there. Emotional detachment enables you to create a neutral canvas that appeals to a wider range of individuals.

• Effective Negotiations: During negotiations, emotions can lead to stubbornness or defensiveness. Being emotionally detached enables you to approach negotiations with flexibility, respond to offers objectively, and reach a mutually beneficial agreement.

• Faster Sales: A property that is priced right, well-maintained, and staged appropriately is more likely to sell quickly. Emotional detachment expedites the process by facilitating the necessary changes and decisions.

Managing Emotions for a Successful Sale

• Acknowledge Your Feelings: It's okay to feel sentimental about selling your home. Acknowledge your emotions and allow yourself to reminisce, but also remind yourself of the reasons for selling and the opportunities that lie ahead.

• Set Clear Goals: Establish clear goals for the sale, such as a specific timeline or financial target. Focusing on these objectives can help redirect your emotions toward practical outcomes.

• Declutter and Depersonalize: Start the process of detachment by decluttering and depersonalizing your home. Pack away personal items, family photos, and mementos. This not only helps potential buyers visualize the space as their own but also aids in your emotional detachment.

• Enlist Professional Help: We are experienced in guiding sellers through the emotional journey of selling a home. Our expertise and objectivity can provide valuable perspective and support.

• Create a Positive Narrative: Instead of dwelling on what you're leaving behind, focus on the positive aspects of the future. Consider creating a vision board for your new home or planning exciting activities for the next chapter.

• Stay Engaged with the Process: Embrace the process of selling by staying engaged and proactive. Attend open houses, respond to inquiries, and collaborate with your real estate agent. This active involvement can help you shift your focus from emotions to practicalities.

Selling a home is undeniably an emotional experience, but emotional detachment is the key to a successful sale. By finding the balance between sentimentality and practicality, you can ensure that your decisions are guided by logic, market insights, and the expertise of professionals. Remember, selling your home is not just about saying goodbye; it's also about welcoming new beginnings and embracing the opportunities that lie ahead. So, take a deep breath, detach emotionally, and embark on this exciting journey with clarity and confidence.

Author: Jordan Gunn
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

Buying a Vacation Property: Tips for a Smart Investment in Halifax, Nova Scotia

Are you considering the picturesque shores of Halifax, Nova Scotia as the location for your dream vacation home? Halifax, with its captivating maritime charm, historic sites, and breathtaking ocean views, is an ideal destination for those who wish to spend their summer months near on the coast. Many folks choose to purchase vacation homes in our city, for personal enjoyment, or as an investment, Let’s delve into some tailored tips to ensure that your vacation home in Halifax is not just a wise investment, but a source of lasting memories.

DEFINE YOUR GOALS AND BUDGET

Before diving into the vacation property market, it's essential to clearly define your goals. Are you buying solely for personal use, or do you plan to rent it out when you're not there?  Understanding your objectives will help you make informed decisions throughout the process.

Next, set a realistic budget. Consider not only the purchase price but also ongoing expenses like property taxes, insurance, maintenance, and any potential property management fees if you plan to rent it out. Knowing your budget beforehand will prevent you from overspending and ensure you're financially prepared for your new investment.

LOCATION, LOCATION, LOCATION

Halifax offers a diverse range of neighbourhoods, each with its unique charm and benefits. Do you want to be close to the historic waterfront, or do you prefer a more secluded setting with panoramic ocean views? Consider factors like proximity to amenities, local attractions, and accessibility to ensure your vacation property’s location aligns with your lifestyle and goals.

Additionally, research the area's real estate market trends. Are prices stable, or do they show signs of growth? You can view all of the current Halifax Real Estate Market Trends on our website here!

WEATHER CONSIDERATIONS

Halifax enjoys a mix of climates, with pleasant summers and snowy winters. If you plan to use your vacation home year-round, consider how the weather aligns with your preferences. If you're a fan of winter activities, such as skiing, snowshoeing, or cozy nights by the fireplace, Halifax's winter season can be just as enchanting as its summers. However, if you're seeking warm beach days, focusing on the summer months is essential.

RESEARCH RENTAL POTENTIAL

If you plan to rent out your vacation property when you're not using it, research the rental potential in the chosen area. Halifax is a popular tourist destination, especially during the summer months, making it an attractive location for vacation rentals.

Look into local vacation rental platforms, such as Airbnb, to get an idea of rental rates and demand. Keep in mind any local regulations or homeowner association rules that might affect your ability to rent out the property. Halifax has specific regulations on short term renting, and most condo buildings do not allow for short term renting at all. You can view our city’s current short-term renting restrictions by clicking the link below:

https://www.shapeyourcityhalifax.ca/short-term-rentals

PARTNER WITH A HALIFAX REAL ESTATE EXPERT

Navigating Halifax's real estate market requires local expertise. Partner with us as we understand the nuances of Halifax's neighbourhoods, market trends, and seasonal fluctuations. We are experienced in vacation property transactions and can provide tailored advice based on your goals.

VISIT THE AREA MULTIPLE TIMES

Before committing to a vacation property, visit the area multiple times, preferably during different seasons. A place that's idyllic in the summer may have different appeal during the winter months. This firsthand experience will help you gauge if the location meets your expectations and if it's a place you'd enjoy returning to year after year.

During your visits, explore the surrounding areas, talk to locals, and get a sense of the community. This will also give you the opportunity to view potential properties in person and assess their condition.

CONSIDER PROPERTY MANAGEMENT

Owning a vacation property from afar can be challenging when it comes to maintenance and management. If you plan to rent out the property, hiring a property management company can alleviate many of these concerns.

A property manager can handle tasks such as cleaning, maintenance, guest communication, and even marketing the property for rentals. While this adds an additional cost, it can significantly reduce the stress and logistical challenges of owning a vacation home, especially if you don't live in the area. We always recommend Anchor Property Management to our clients!

PLAN FOR ONGOING MAINTENANCE

Vacation properties, like any property, require ongoing maintenance to keep them in top condition. Budget for regular upkeep, repairs, and any necessary renovations to ensure your investment retains its value. Having a well-maintained vacation property will also enhance your enjoyment and potentially attract more renters.

UNDERSTAND LOCAL REGULATIONS

Halifax, like any city, has its own zoning regulations, building codes, and potentially homeowner association rules. Ensure that you understand and comply with these regulations, especially if you plan to make any modifications to the property or rent it out. We can help you navigate these regulations.

Investing in a vacation property in Halifax means investing in a lifestyle. From embracing the coastal beauty to exploring local neighbourhoods and understanding the unique maintenance needs of oceanfront properties, each aspect adds to the richness of your investment. By immersing yourself in the Halifax community, aligning your goals with the local market, and partnering with us, your vacation property in Halifax can be a cherished retreat and a wise financial decision that pays dividends in both happiness and potential rental income. Halifax's coastal allure awaits you, and with these tips in mind, you're well on your way to making a smart investment in Nova Scotia's hottest city.

Author: Jordan Gunn
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

The Dos and Don'ts of First-Time Homebuying- A Guide for Newbies

Buying a home is one of the most significant financial decisions you'll make in your life. For first-time homebuyers, the process can seem overwhelming and filled with uncertainties. But fear not! This comprehensive guide will walk you through the dos and don'ts of first-time home buying, providing valuable advice, essential tips, and highlighting potential pitfalls to avoid. Armed with this knowledge, you'll approach the home buying journey with confidence and make well-informed choices that will lead you to your dream home.

Preparing for the Journey

1. Do Your Homework: Start by Researching and Budgeting
   Before diving into the Halifax Real Estate Market, educate yourself on the home buying process and the local market conditions. Understand how the real estate market works, learn about different types of properties, and explore the neighbourhoods you are interested in. Set a realistic budget by examining your finances and determining how much you can afford for a down payment, monthly mortgage payments, and other homeownership costs. Consider using online mortgage calculators to estimate your mortgage amount based on your income, debt, and credit score.

2. Don't Skip the Pre-Approval Process
   A mortgage pre-approval is a crucial step in the home buying journey. It helps you understand your purchasing power and gives sellers confidence in your ability to close the deal. During the pre-approval process, a lender will review your financial information, credit score, and employment history to determine the maximum loan amount they can offer you. With a pre-approval letter in hand, you'll be seen as a serious and qualified buyer when making an offer.

3. Do Save for a Down Payment and Closing Costs
   Saving for a down payment is one of the most significant challenges for first-time homebuyers. Many lenders require a down payment of at least 5% to 20% of the home's purchase price. Start saving early to reach your down payment goal. Additionally, don't forget about closing costs, which can add up to 2% to 5% of the home's purchase price. These costs include loan origination fees, title insurance, appraisal fees, and more. Be prepared for these expenses to avoid last-minute financial stress.

House Hunting Essentials

1. Do Prioritize Your Needs and Wants.
   House hunting can be exciting but overwhelming. Make a list of your must-haves and nice-to-haves in a home. Consider factors such as the number of bedrooms, bathrooms, square footage, yard space, and proximity to schools, public transportation, and other amenities. Focus on your needs first and be prepared to compromise on some wants. This will help narrow down your search and save time during the house-hunting process.

2. Don't Fall for Emotional Traps
   House hunting can be an emotional rollercoaster. It's essential to stay level-headed and avoid falling in love with a property that is beyond your budget or doesn't meet your essential criteria. Keep in mind that the first house you see may not be the best fit for you. Be patient and continue exploring different options until you find the right one.

3. Do Consider the Future
   When buying a home, it's essential to think long-term. Consider your plans for the future and how the property will meet your needs over time. Think about the possibility of a growing family, changing job locations, or the desire to upgrade or downsize in the future. Also, evaluate the neighbourhood's potential for growth and development, as it can impact the property's future value.

4. Don't Overlook Inspection and Due Diligence
   A home may look perfect at first glance, but there could be hidden issues that could turn into costly problems down the road. Never skip a professional home inspection. Hire a qualified home inspector to thoroughly examine the property and identify any potential issues, such as structural problems, plumbing or electrical issues, and mold or pest infestations. Additionally, conduct due diligence on the property's history and legal aspects, including property liens, boundary disputes, and condo association regulations. A lawyer will help you complete the latter. We also recommend Stephen Ling with Landry McGillivray to assist our clients in the legal aspects of the purchase.

Making an Offer

1. Do Work with a Real Estate Agent
   Enlisting the services of a reputable real estate agent with experience in guiding first-time buyers can be immensely beneficial. A knowledgeable agent can offer invaluable insights into the local market, provide a list of suitable properties that match your criteria, and help you navigate the negotiation process. They can also provide assistance with paperwork and ensure that your interests are protected throughout the transaction. You can visit our Why Buy with Us Page to see why working with us will set you up for success!

2. Don't Lowball or Overbid
   Making an offer on a property is a delicate balance. While you want to negotiate a fair price, lowballing can offend sellers and result in a missed opportunity. On the other hand, overbidding can stretch your budget and affect your financial stability. Rely on us to guide you in making a competitive and reasonable offer based on comparable sales in the area and the property's condition.

3. Do Understand Contingencies and Terms
   Contingencies are clauses in the purchase agreement that protect you as the buyer. They allow you to back out of the deal under specific circumstances, such as a failed home inspection or difficulty securing financing. Understand the contingencies and other terms in the purchase agreement before signing. We will help you review and negotiate these terms to ensure your best interests are covered.

The Closing Process

1. Do Understand Closing Costs
   Closing costs are the fees associated with finalizing the home purchase. Be prepared for these expenses, which can include lender fees, title insurance, attorney fees, escrow fees, and more. Closing costs typically range from 2% to 5% of the home's purchase price. Review the Loan Estimate and Closing Disclosure provided by your lender to understand the breakdown of these costs and ask questions if anything is unclear.

2. Don't Make Major Financial Changes Before Closing
   Once your offer is accepted, it's essential to maintain your financial stability until the closing process is complete. Avoid making significant financial changes, such as taking on new debt, making large purchases, or switching jobs, as these can affect your mortgage approval. Lenders will re-verify your financial information before closing, so it's crucial to keep your financial situation consistent.

Congratulations! You've successfully navigated the dos and don'ts of first-time home buying. With the right preparation, research, and guidance, you've made informed decisions and found your dream home. Remember that the home buying journey may have its challenges, but armed with knowledge and expert support, you can confidently embark on this exciting adventure of homeownership. Happy house hunting and welcome home!

Author: Jordan Gunn
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

Neighbourhoods You Want to Keep on Your Radar When Buying a Halifax Home

Are you considering buying a home in Halifax? As successful real estate professionals specializing in the Halifax market, we know firsthand the city's most sought-after neighbourhoods. These communities offer a perfect blend of charm, amenities, and investment potential. From the prestigious South End to the vibrant North End, and the family-friendly Clayton Park to the scenic Bedford, this comprehensive guide will provide specific details about each community, including notable landmarks and unique features. The neighbourhood you live in will be a large determining factor in your overall satisfaction in the place you call home, so why not live in the best of the best? Read more to learn which of Halifax's most coveted neighbourhoods would best suit your needs! 

SOUTH END: PRESTIGIOUS AND TIMELESS ELEGANCE

Nestled in the heart of Halifax, the South End is renowned for its prestigious charm and architectural beauty. Picture tree-lined streets with grand Victorian-era homes, many of which are designated heritage properties. Notable landmarks in this neighbourhood include the iconic Point Pleasant Park, offering residents a nature escape with sprawling green spaces, walking trails, and ocean views. Families are drawn to the South End for its proximity to esteemed educational institutions such as Saint Mary's University and Dalhousie University. With its rich history, beautiful parks, and a great community, the South End is an attractive choice for buyers. The South End is one of the more expensive neighbourhoods in Halifax, but if you can afford to purchase here, it is also one of the best. It makes for great investment opportunities with rentals due to the Universities and also has gorgeous neighbourhoods for long-term residents to call home. 

NORTH END: HIP AND VIBRANT URBAN CULTURE

Halifax's North End is becoming more and more known for its eclectic and artistic vibe. This neighbourhood has undergone a revitalization, transforming into a thriving hub of creativity and urban charm. Agricola Street is a vibrant strip lined with trendy cafes, unique boutiques, and local breweries. The Hydrostone Market, a charming district built after the Halifax Explosion in 1917, features boutique shops, cozy cafes, and a strong sense of community. The North End is also home to the Halifax Citadel National Historic Site, a must-visit for history enthusiasts. Housing options range from renovated loft spaces in repurposed industrial buildings to quaint character homes, making the North End a magnet for those seeking a vibrant and dynamic urban lifestyle.

ARMDALE: TRANQUIL AND WATERFRONT LIVING

Embrace the calm of waterfront living in Armdale. Nestled along the shores of the Northwest Arm, this neighbourhood offers stunning water views, green spaces, and a peaceful atmosphere. Residents enjoy outdoor activities such as boating, kayaking, and paddleboarding. The Armdale Yacht Club is a popular destination for sailing enthusiasts in the local community. With a mix of single-family homes, townhouses, and waterfront properties, Armdale offers a range of housing options for those seeking a serene retreat close to nature. Neighbourhoods are quiet and well-kept, and are again, just a short distance from Downtown Halifax. 

CLAYTON PARK: FAMILY-FRIENDLY COMMUNITY

Known for its family-friendly atmosphere and convenient amenities, Clayton Park is a sought-after neighbourhood for buyers looking to settle down. This community boasts well-maintained parks, playgrounds, and recreational facilities such as the Canada Games Centre, making it an ideal choice for families with children. Enjoy the Mainland North Linear Parkway, which offers walking and biking trails, as well as a connection to nearby neighbourhoods. Clayton Park offers a variety of housing options, including single-family homes, townhouses, and condos, catering to different lifestyles and budgets. Clayton Park has a large condo community, many of which are some of the most affordable buildings in the city. With its proximity to shopping centers, schools, and major transportation routes, Clayton Park provides a comfortable suburban living experience.

BEDFORD: SCENIC AND RELAXED LIFESTYLE

Escape to the scenic suburb of Bedford, situated along the beautiful Bedford Basin. This neighbourhood offers stunning water views, a relaxed atmosphere, and a strong sense of community. Residents can take advantage of the picturesque Bedford Waterfront Boardwalk, ideal for leisurely strolls and picnics. Bedford offers a mix of housing options, including modern waterfront condos, and spacious family homes with generous yards for comfortable living. Enjoy the abundance of parks, trails, and recreational activities that make Bedford a desirable location for those seeking a peaceful neighbourhood while still being a short drive away from downtown Halifax.

DOWNTOWN DARTMOUTH: URBAN REVITALIZATION AND HISTORIC CHARM

Experience urban revitalization and a historic feel in Downtown Dartmouth. This thriving neighbourhood has undergone a remarkable transformation, drawing residents and visitors to its streets alike. Stroll along the Dartmouth Waterfront, where you'll find a host of charming shops, trendy cafes, and bustling markets. Delve into the local arts scene at Alderney Landing, a cultural hub hosting a variety of events, exhibitions, and performances. Or, immerse yourself in the rich history of the area at the Dartmouth Heritage Museum, housed in the former Dartmouth City Hall. There is always something fun happening in Downtown Dartmouth. This community has a great blend of affordable single-family homes and upscale condominiums such as at Kings Wharf. With its waterfront location, stunning views of the Halifax skyline, and vibrant community spirit, Downtown Dartmouth offers families and working professionals alike a great place to call home.

If you are still reading, I bet that you can picture yourself perfectly in one of these communities. it's time to take the next step toward finding your perfect home. With personalized guidance, extensive knowledge, and dedication to customer satisfaction, we can help you can navigate the Halifax market with confidence. Contact us today to begin your journey toward finding your dream home in Halifax.

If you want to learn more about the communities of Halifax, be sure to check out our communities page! You will find tons of information on available listings, restaurants, cafes, parks, clinics and more!

Do You Really Need a Home Inspection with a New Construction Home?

New construction properties have forever enticed home buyers. The promise of pristine, custom-builds, new finishes, and modern design appeals to many families, and these are all elements that new construction properties can bring. While the idea of a "perfect" home may seem synonymous with new construction, we have heard too many times of families moving into their new builds, only to find deficiencies in not only the finishes but structurally as well. It’s essential not to overlook the importance of home inspections in new construction: just because your home is new, doesn’t mean it’s perfect. In this blog post, we will delve into the vital role of home inspections in new construction properties. We will explore the benefits they provide, the key areas they cover, and how they contribute to the overall peace of mind and quality assurance for homebuyers.

Understanding the Purpose of Home Inspections in New Construction

When purchasing a newly constructed home, some buyers might question the necessity of a home inspection. After all, the property is brand new, and builders are required to meet local building codes and regulations, right? While this is true, a home inspection serves a different purpose. It goes beyond code compliance and ensures that the home is free from defects, construction errors, or oversights that may affect its integrity, functionality, or safety.

Benefits of Home Inspections in New Construction

1. Identifying Construction Defects: Even the most reputable builders can inadvertently make mistakes during the construction process. A home inspection helps uncover any defects, such as faulty electrical wiring, plumbing issues, or structural deficiencies, allowing them to be addressed before closing.
   

2. Ensuring Quality Craftsmanship: Home inspections assess the workmanship and overall quality of the construction. From the foundation to the finishing touches, inspectors evaluate the building process to ensure it meets industry standards and expectations.
   

3. Discovering Hidden Issues: While new construction properties may appear flawless on the surface, there could be hidden issues that only a professional inspector can uncover. These could include improperly sealed windows, insulation problems, or hidden moisture damage that may lead to mould growth or other structural issues down the line.
   

4. Protecting Investment and Warranty: A thorough home inspection helps protect the buyer's investment. By identifying and addressing any construction issues early on, buyers can ensure that their new home will provide long-term durability, comfort, and value. Additionally, the inspection can help in negotiating repairs or warranty claims with the builder if necessary. 

Key Areas Covered in New Construction Home Inspections

During a home inspection for new construction, several critical areas are thoroughly examined. These include:

1. Structural Integrity: Inspectors assess the foundation, framing, walls, and roof to ensure they are sound, level, and properly constructed.
   

2. Electrical Systems: The electrical wiring, outlets, fixtures, and panels are inspected to ensure they meet safety standards and function properly.
   

3. Plumbing Systems: Inspectors check the plumbing installation, water supply, drainage, and fixtures for leaks, proper functionality, and compliance with plumbing codes.
   

4. HVAC Systems: Heating, ventilation, and air conditioning systems are evaluated to ensure they are installed correctly and functioning as intended.
   

5. Insulation and Energy Efficiency: The insulation levels, proper installation, and energy-efficient features are assessed to ensure the home meets or exceeds energy efficiency standards.
   

6. Exterior and Interior Components: The home's exterior elements, including siding, windows, doors, and landscaping, are inspected for proper installation and functionality. Interior components such as flooring, paint, cabinetry, and appliances are also evaluated.

The Importance of Hiring a Qualified Home Inspector

To obtain an accurate assessment of a new construction property, it is crucial to engage a qualified and experienced home inspector. Buyers should research and select an inspector with extensive knowledge of construction practices, local building codes, and the specific requirements of new builds. An experienced inspector will provide an unbiased evaluation of the property's condition, highlighting any potential issues and offering recommendations for resolution. We always recommend Jody Jenkins with Killick Home Inspections!

In the excitement of purchasing a newly constructed home, it is easy to assume that everything is flawless. However, the role of home inspections in new construction properties should not be overlooked. These inspections provide buyers with the peace of mind, ensuring that their dream home is built to the highest standards of quality and safety. By identifying construction defects, verifying craftsmanship, and discovering hidden issues, a thorough inspection safeguards the buyer's investment and sets the stage for a long and enjoyable homeownership experience.

Author: Jordan Gunn
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

6 Day Trips You Need to Take From Halifax this Summer!

As we approach the summer months, residents and tourists alike are always looking for ways to take a quick day trip around Halifax. The small communities and towns that surround our city offer natural wonders, charming shops, tasty restaurants and more. We are so fortunate to be one of the few cities in Canada surrounded by the ocean, and our residents love to take advantage of it when the weather is warm. If you are like most Haligonians, and are planning your next local getaway, keep reading to find our top 6 recommended day trips from Halifax!

PEGGY'S COVE AND MAHONE BAY

Are you ready for a coastal adventure? Head to Peggy's Cove, a picture-perfect fishing village that will steal your heart. The iconic lighthouse, perched on rugged granite rocks, offers a striking backdrop for unforgettable photos. Take a leisurely stroll along the shoreline, feel the ocean mist on your face, and embrace the serenity of this tranquil place (Just be sure to not step on the black rocks!) Afterward, venture to Mahone Bay, a charming town filled with colourful heritage houses and a waterfront straight out of a painting. Explore unique boutiques, and art galleries, and soak in the laid-back coastal vibe.

LUNENBURG AND THE SOUTH SHORE

Prepare to step back in time as you visit Lunenburg, a UNESCO World Heritage site that exudes old-world charm. Marvel at the beautifully preserved colonial architecture, wander through the cobbled streets and immerse yourself in the seafaring heritage. Take a trip to the Fisheries Museum of the Atlantic to learn about the region's rich maritime history. And don't forget to explore the South Shore's natural wonders, like Kejimkujik National Park and its beautiful forests, and Hirtle's Beach, where golden sands meet crashing waves.

ANNAPOLIS VALLEY AND GRAND PRE

Calling all wine enthusiasts and history buffs! The Annapolis Valley makes the perfect day trip destination with its rolling vineyards, apple orchards, and quaint towns. Make your way to Wolfville, home to Acadia University and a vibrant wine scene. Sip and savour award-winning wines at local vineyards including Lightfoot, Lucketts and Gaspereau vineyards and indulge in farm-to-table cuisine. Dive into the Acadian heritage at the Grand Pré National Historic Site, where you'll learn about the region's history and cultural significance. As you drive through the valley, soak in the idyllic scenery of farmlands and vine-covered hills.

LAWRENCETOWN BEACH AND EASTERN SHORE

Need some beach therapy? Escape the city and head to Lawrencetown Beach, a surfer's paradise just a 30-minute drive from Halifax. Feel the soft sand between your toes, watch surfers ride the waves, or simply unwind while gazing at the endless horizon. After enjoying the beach, take a leisurely drive along the scenic Eastern Shore. Explore charming fishing villages like Fisherman's Cove, where you can sample fresh seafood, browse local boutiques, and soak up the coastal atmosphere.

TAYLOR HEAD PROVINCIAL PARK

Ready for a nature-filled adventure? Taylor Head Provincial Park, located along the Eastern Shore, awaits your exploration. Lace up your hiking boots and wander through pristine forests, marvel at rugged coastal cliffs, and be rewarded with panoramic views of the Atlantic Ocean. The park offers a variety of trails catering to different fitness levels, so whether you're a seasoned hiker or a casual stroller, there's a path for you. Keep your camera handy, as breathtaking lookouts await around every corner.

CRYSTAL CRESCENT BEACH PROVINCIAL PARK

If you're craving sun, sand, and sea, Crystal Crescent Beach Provincial Park is the place to be. Located just outside Halifax, this pristine coastal gem boasts three stunning white sand beaches, crystal-clear waters, and scenic hiking trails. Take a refreshing dip in the ocean, stroll along the shore with the salty breeze in your hair, and feel the warmth of the sun on your skin. It's the perfect spot to unwind and recharge your batteries.

Halifax offers a gateway to unforgettable day trips that showcase the province's natural wonders, coastal charm, and rich history. From the rugged beauty of Peggy's Cove and Lunenburg's historic treasures to the vineyards of the Annapolis Valley and the serene beaches along the Eastern Shore, there's something for every adventurer. So, pack your bags, hit the road, and get ready to create lasting memories as you explore the wonders that lie just beyond Halifax's doorstep!

Author: Jordan Gunn
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

Invest With Success: Our Step-by-Step Guide to Investment Properties

Investing in rental properties can be lucrative and rewarding, can offer a steady stream of income and can result in long-term wealth accumulation. However, for beginners, the process can seem overwhelming and complex. In this step-by-step guide, we will walk you through the essential considerations and actions to take when venturing into the world of rental property investments. By following these steps, you'll be better equipped to make informed decisions and set yourself up for success.

STEP 1: DEFINE YOUR INVESTMENT GOALS AND STRATEGY

Before diving into the rental property market, it's crucial to establish your investment goals specifically related to rental properties. Consider factors such as your desired rate of return, cash flow expectations, and the level of involvement you're willing to commit. Determine whether you're aiming for long-term capital appreciation or immediate cash flow from rental income. For example, if you're targeting cash flow, you may prioritize properties with high rental yields and strong rental demand in areas with low vacancy rates.

STEP 2: ASSESS YOUR FINANCIAL SITUATION

Next, take a close look at your financial situation. Evaluate your savings, credit score, and debt-to-income ratio. Assessing your financial position will help determine your borrowing capacity and identify any areas for improvement. Lenders typically consider factors such as your debt-to-income ratio, credit history, and rental income potential when evaluating your eligibility for a loan. Strengthening your financial foundation will enhance your chances of securing favourable financing terms.

STEP 3: RESEARCH AND IDENTIFY TARGET MARKETS

Market research plays a crucial role in determining the success of rental property investments. Identify locations with strong rental demand, low vacancy rates, and favourable economic conditions, specifically for rental properties. Look for areas where rental prices are on the rise or where job opportunities are abundant. Explore neighbourhoods with amenities that attract tenants, such as proximity to schools, transportation, shopping centres, and recreational facilities. Additionally, consider future development plans and local regulations that may impact the rental market.

One example we notice in Halifax is: Many people think it would be a good idea to purchase a Downtown Halifax Condo and rent it as an Airbnb. While this seems like a good idea, a bit of research will show that the majority of condo buildings in Halifax have banned short-term rentals and the few that still allow it are in the process of banning them too. Imagine if you purchase a condo for that reason without doing your research. 

STEP 4: SECURE FINANCING

Securing financing is a critical step in acquiring rental properties. Research different mortgage options specifically tailored for rental properties, such as investment property loans or buy-to-let mortgages. Compare interest rates and terms from various lenders. Aim to secure a loan with favourable terms that suit your financial situation. Consider additional costs such as down payments, closing costs, and reserves for unexpected repairs or vacancies. Working with a knowledgeable mortgage broker experienced in rental property financing can help you navigate this process more effectively. We recommend Neil Keeping with The Mortgage Group!

STEP 5: ANALYZE POTENTIAL PROPERTIES

Once you've identified your target market, it's time to start analyzing potential rental properties. Look for properties that align with your investment goals and strategy. Consider factors such as location, property type (e.g., single-family homes, multi-unit buildings), and rental income potential. Evaluate the property's condition, including the age of the building, structural integrity, and the need for any immediate repairs or renovations. Additionally, review the property's historical rental income and expenses to determine its cash flow potential.

STEP 6: PURCHASE AND PROPERTY MANAGEMENT

Once you've identified the right rental property and secured financing, it's time to make your purchase. Consult with a real estate attorney and a real estate agent (like us!) to handle the legal aspects of the transaction and ensure a smooth transfer of ownership. If you're not planning to manage the property yourself, consider hiring a professional property management company specifically experienced in rental properties. They can handle tenant screening, rent collection, maintenance, and other day-to-day responsibilities, ensuring your property is well-managed and minimizing your direct involvement. We recommend Anchor Property Management!

STEP 7: SET APPROPRIATE RENT AND TENANT SCREENING

Setting the right rental price is crucial to attract quality tenants while ensuring a positive cash flow. Conduct thorough market research to determine competitive rental rates in your specific area and for similar properties. Consider factors such as location, property condition, amenities, and the local rental market. Additionally, develop a thorough tenant screening process specifically designed for rental properties to minimize the risk of problematic tenants. Screen potential tenants for their credit history, employment stability, rental references, and previous rental payment track records. A reliable and responsible tenant will help ensure a smooth rental experience and reduce the likelihood of payment issues or property damage.

STEP 8: MAINTAIN AND UPGRADE THE PROPERTY

To maintain the value of your rental property and attract quality tenants, it's essential to keep it in good condition. Regularly inspect the property, address maintenance issues promptly, and make necessary upgrades when required. Consider renovations or improvements that will increase the property's appeal, such as updating kitchens or bathrooms, enhancing curb appeal, or adding amenities like laundry facilities or parking spaces. By providing a well-maintained and comfortable living space, you'll increase tenant satisfaction, reduce vacancies, and potentially command higher rental rates.

Investing in rental properties can be a rewarding investment strategy when approached with careful planning and execution. By following this step-by-step guide, you'll be better equipped to make informed decisions, identify suitable rental properties, and manage them effectively. 

Author: Jordan Gunn
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

Navy Lane Condos: Halifax's Newest Condo Development is now for sale!

Just last week, Navy Lane officially launched its sales in Halifax. We had the privilege of being part of this incredible event that everyone had been eagerly awaiting. Real Estate Brokers and their friends and family were given first dibs at this new condo building coming to Gottingen Street.

The event truly reflected Halifax's pent-up demand for new construction condos. Units were selling rapidly, and excitement filled the air as attendees caught a glimpse of the future of Gottingen Street. Halifax has been in great need of new condo developments, as the focus over the past decade has been mainly on building apartment buildings. This has resulted in a significant shortage of condos in Halifax. For the past couple of years, we have had only 70-150 condos available for sale at any given time. We, along with many condo buyers we've spoken to, are thrilled about this new development, which provides more Halifax residents with the opportunity to own a Downtown Condo!

Navy Lane Condos is Urban Capital's second recent development on Gottingen Street, following NRTH Condos, which is currently under construction. These two new buildings will bring a surge of residents to the north end of Halifax, boosting economic activity, supporting local businesses, and much more.

If you haven't heard about this condo development yet and are curious, we have all the information you need right here in this blog post!

What is Navy Lane Condos?

Navy Lane is Halifax's newest condo development. This 9-storey, 169-unit building will be situated on the corner of Maitland and Gottingen Street. Developed by one of Halifax's leading developers, Urban Capital, Navy Lane promises polished looks, smooth functionality, and numerous features and elements in each unit.

What are the suite sizes and price range?

Suites are starting at $339,900 and range up to $1,499,900. The smallest suites start at 575 square feet, and the largest units are approximately 1700 square feet. Suites range from 1-3 bedrooms. 

All suites include 9-foot exposed concrete ceilings, wide plank luxury vinyl flooring, contemporary kitchen and bathrooms with quartz countertops and integrated appliances.

Is Parking Included?

Parking is deeded in this building and purchased separately. There are 87 underground parking spaces. Parking is only available to purchase with units 715 square feet or larger. There will also be storage lockers available for purchase.

Future Development of Navy Lane Condos

What are the anticipated amenities of the building?

Navy Lane will showcase some of the coolest amenities in the North End: a swimming pool, a lounge with fire pits, an outdoor barbecue prep area and dining room, an indoor bar and lounge, an indoor gym, an outdoor fitness area, and a tower viewer. But wait, it gets even better! All of these amenities will be located on the rooftop, providing residents with a private retreat to gather, relax, and exercise—a hidden oasis amidst the city.

In this era of remote work, Navy Lane goes the extra mile for its residents:

"Need to attend a private video meeting? There's a 'zoom' room available. Want to make a presentation or host an in-person meeting? There's a reservable boardroom. Additionally, a large harvest table and chairs offer communal or group workspaces. And for more informal workspaces, two lounge areas are available.

To support your work efforts, free Wi-Fi and a printer/scanner are at your disposal when you need to print something out.

And for your coffee fix, the work-share space comes equipped with its own Nespresso machine.”

Who wouldn't want to live here?

3D Model of Future Navy Lane Condo Building

Is there anything else you should know?

With no other new condo developments currently in progress for Halifax, you don't want to miss out on Navy Lane Condos. This building will feature executive concierge service, high-security features including the 1Valet entry system, and approximately 3600 square feet of retail space on the ground floor. We cannot emphasize enough how exceptional buildings built and designed by Urban Capital are.

While there are still plenty of available units as of today, they won't last long. Many have already been sold, and this building has yet to hit the MLS system. We receive weekly calls from buyers inquiring about new construction condos, so we know that these units are likely to sell quickly. If you're interested in learning more, simply fill out our form by clicking the button below!

Author: Jordan Gunn
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

You just bought a home, now what?

Congratulations on becoming a homeowner! Owning a home is a significant milestone that comes with a sense of accomplishment and pride. However, it also requires responsibility, effort, and patience. As Real Estate Professionals, we would like to share some insights and tips to help you navigate homeownership smoothly.

Understand Your Mortgage

One of the most significant financial commitments you will make as a homeowner is your mortgage. It is essential to understand the terms of your mortgage, including the interest rate, repayment period, and monthly payments. Be sure to read your mortgage agreement thoroughly and ask your lender or us any questions you have.

It is also essential to make your mortgage payments on time to avoid any penalties or late fees. Set up automatic payments to ensure you do not miss any payments accidentally.

Plan for Expenses Beyond the Mortgage

When you own a home, you are responsible for its maintenance and repairs. From minor fixes to significant renovations, there are expenses you need to account for beyond your mortgage. It is wise to have a home maintenance fund to cover any unexpected expenses that may arise.

Additionally, property taxes, homeowner's insurance, and utility bills are ongoing costs you need to consider. Having a budget and planning for these expenses will help you manage your finances better.

Take Care of Your Home

As a homeowner, it is your responsibility to take care of your home. Regular maintenance and repairs can prevent costly damages down the road. Ensure that you follow a maintenance schedule for your home's major systems, such as HVAC, plumbing, and electrical.

Keep your home clean and well-maintained, both inside and outside. This includes regularly cleaning gutters, trimming trees, and maintaining your lawn. Caring for your home will help preserve its value and ensure that it remains a safe and comfortable place for you and your family.

Build Equity

One of the significant benefits of homeownership is building equity. Equity is the difference between your home's market value and the outstanding balance on your mortgage. As you make mortgage payments, your equity increases, and you build wealth over time.

To build equity faster, you can make additional principal payments, such as paying more than your minimum monthly payment or making an extra payment per year. Additionally, you can increase your home's value through renovations or upgrades.

Keep your records

Keeping accurate and organized records related to your home is an essential part of responsible homeownership. By doing so, you can avoid potential headaches down the line and ensure that you are prepared for any unexpected situations that may arise.

Here are some important documents and records to keep track of:

Purchase and Sale Agreement: This is the document that outlines the terms and conditions of the sale of your home, including the purchase price, closing date, and any contingencies or conditions that must be met.

Closing Documents: These include the settlement statement, deed, and title insurance policy, which are important legal documents that prove ownership of your home.

Home Warranty Information: If you purchased a home warranty when you bought your home, make sure to keep the paperwork in a safe and accessible place.

Home Inspection Reports: These are important documents that detail the condition of your home at the time of purchase, including any repairs that were recommended or completed.

Receipts for Repairs and Improvements: Keep receipts and invoices for any repairs, maintenance, or improvements that you make to your home. This will come in handy if you ever need to prove that work was done, especially if you plan to sell your home.

Insurance Policies: Keep copies of your home insurance policy, as well as any other insurance policies you may have, such as flood or earthquake insurance.

Property Tax Records: Keep track of your property tax bills and receipts, as well as any assessments or valuations that are done on your home.

Additionally, it is wise to have an emergency fund to cover unexpected expenses, such as job loss or medical bills. Having a financial cushion can help you weather any financial challenges that may arise.

Homeownership is a significant milestone that requires responsibility, effort, and patience. By understanding your mortgage, planning for expenses beyond the mortgage, taking care of your home, building equity, getting involved in your community, and planning for the future, you can make the most out of your homeownership experience.

Author: Jordan Gunn
Real Estate Assistant
Andrew Perkins Real Estate
Keller Williams Select Realty

Halifax Bears Down on Short Term Rentals

Short Term Rentals (STRs) like AirBNBs and Vrbo Homes have become equally popular accommodation options as traditional hotels when planning vacations. Not only do they make great options for tourists due to added space, rooms and sometimes amenities (pet-friendly, pools, themed rentals etc), but they are great investment options too! Short-Term Rentals, when managed properly, can generate thousands of dollars a month in revenue.

While short-term rentals are a great option for tourists and investors alike, our city is in a housing shortage. We currently have a vacancy rate of less than 1% for long-term rentals and only 602 properties for sale. In response to this shortage, our municipality has recently placed new restrictions on short-term renting, in hopes to free up some properties to house residents. If you currently own a short-term rental property, are looking to invest in one, or have one booked for a future vacation, this blog post is for you. Read below to learn how these new restrictions impact short-term renting.

As of February 21, 2023, Halifax Regional Council established regulations for short-term rentals. You should note, these amendments still require ministerial review before being considered official. If they do pass review, these new regulations will take effect on September 1, 2023.

What is defined as a short-term rental?

Short-term rentals are temporary overnight accommodations rented out for a few nights or weeks at a time. The province officially defines short-term rentals in their Tourism Accommodation Registration Act as “the provision of roofed accommodations to a single party or group, for payment or compensation, for a period of 28 days or less.”

What are the new rules?

• STRs will only be allowed at the host’s primary residence. This may include backyard suites. Any secondary or subsequent properties will be prohibited from Short-Term Renting.

• STRs will still be allowed in commercial or mixed-use zones where tourist accommodations are already permitted.

• Short-term renting of an individual bedroom within a primary residence will be permitted.

• Existing provisions related to parking, bedroom limits and maximum signage requirements for bed and breakfasts will be extended to short-term bedroom rentals.

• All STRs will be required to be registered by April 1, 2023.

Where are we currently in these new regulations?

Council has recently approved the first reading of these new regulations. Next, staff will return to the council in the upcoming months to present a report regarding the implications of allowing STRs in backyard suites, and will provide additional details on how these new regulations will be enforced. Staff are also working to explore approaching tourist accommodations in rural parts of the municipality, as many of these properties may be exempt.

Whom should I contact if I have questions?

You can read the full report on these new regulations here.

If you still have questions on how this will impact your property or future travel/real estate goals, you can contact any of the following:

Jill MacLellan at maclelj@halifax.ca;

Jamy-Ellen Klenavic at klenavj@halifax.ca

Brandon Umpherville at umpheb@halifax.ca

Or, if you have a lawyer you typically work with concerning your properties, they can also assist you with current or new regulations.

Or, you can always reach out to us!

Stay tuned for more updates concerning Short Term Renting in Halifax!

Jordan Gunn

Licensed Real Estate Assistant

The Andrew Perkins Real Team

Keller Williams Select Realty

Selling Your Halifax Home in the Digital Age

Before the rise of digital advertising, the REALTOR® Standard in any given listing was to stick a sign in the front of the yard, maybe pay for an ad in the local paper, and conduct an open house to get your home sold. This was all it took to find a buyer, as the traditional way of house shopping was to check the paper or drive around the city.

Now, everything has changed.

According to Matterport, a company with cutting-edge technology to advertise listings virtually, 90% of buyers across all demographics use mobile and web technology to narrow down their list of properties to consider.

Real estate listings with digital advertising content receive 403% more inquiries than those without.

And

92% of buyers search the internet before ever contacting a listing agent about a particular home.

The rise of digital advertising and technological advancements has completely moved the real estate advertising-game from a simple yard sign to 3D virtual tours, social media, email targeting, listing alert systems, video chat viewings and so much more.

As a homeowner, when it is time to sell your property, you need an agent who understands the importance of digital advertising in today’s market. Someone who will be able to execute advertising in all corners of the internet, and make your listing the most appealing to virtual buyers. Have a look below at how we have made digital listings and advertising our forte:

First, let’s talk about the virtual tour.

What is a virtual tour?

A virtual tour is an immersive, 360-degree view of your property. This technology allows buyers to click different points in the home, and the software will bring them through those rooms, similar to walking through in an in-person tour. Buyers can rotate the angles of their perspective to view everything they would view in real life, without leaving their computer.

Why does this matter?

Virtual Tours are changing the game of real estate. Now, buyers can tour properties before they even request a formal viewing. That way, when your listing does receive viewings, you are having buyers coming through that already know they are interested in your home. Virtual tours cut out a lot of the “browsing” folks, so you only need to prepare for qualified buyers booking viewings and stepping onto your property.

We offer all of our listings complimentary virtual tours of their homes, to help bring only motivated buyers to your door.

Social Media Marketing

Social media has impacted and changed all of our lives in the past two decades, and real estate is no different.

Social media is a great way to advertise your listing to thousands of people instantly. With our combined reach across social media platforms of over 3500 followers, many of these followers being buyers and other agents (who have access to different buyers), we take social media marketing very seriously. The minute your listing is live, we start marketing your property across social media, to make it go from reaching the MLS system to thousands more.

Our social media strategy includes multi-day posting at specific, timed intervals to ensure maximum exposure, a combination of photo and video content, and paid social media ads. Paid social media advertising reaches beyond our followers, to other users with interest in Halifax Real Estate.

Promo Videos

Our newest digital marketing strategy is to create promo videos for all of our listings. Many social media platforms which were traditionally only photo-based have switched to video being the predominant form of media over the past year. We keep track of current social media trends to ensure your listing is being advertised in the most beneficial way possible.

In these videos, we do a walkthrough of your listing, edited to catch users’ attention. That way, buyers who are not set up on any sort of listing alerts through a real estate agent, and can not access our virtual tours, will still get a walkthrough of your property prior to reaching out. This minimizes unmotivated buyers again, scheduling viewings and disrupting your day.

Email Marketing

Emailing is another powerful digital tool when marketing real estate. One of the most common ways to view new listings in today’s real estate market is through email listing alerts. Our team alone has over 4000 buyers receiving daily listing alerts in Halifax. Most, if not all of REALTORS’® automated listing alert systems are synchronized to the Nova Scotia MLS system, meaning as soon as your listing goes live, it is included in the following day’s listing alerts for any buyers with criteria matching yours.

Not only will your listing be marketed in this way, but we also take time to design additional marketing emails that target our database with every listing. These additional emails feature your listing’s professional photography, and all of its details and give potential buyers a clear means of reaching out to set up viewings. In these additional marketing emails, your listing stands alone to shine.

Monthly Newsletter

Another digital marketing strategy we have implemented to make your listings shine is our monthly newsletter. At the end of every month, we create an email campaign to send to our entire database of over 4000 contacts, with tons of information on what is currently happening in the Halifax Real Estate Market. You can check out our past issues here. When you list with us, your listing is featured in its own section of our newsletter. That way, if any of our contacts missed your listing in their daily alerts or our target email marketing, then they can also catch it at the end of the month. We get great responses every month from our newsletter - many of our contacts have told us they look forward to receiving it.

These are just some of the ways we ensure your listing stands out online. Digital marketing is important now more than ever in Real Estate. 

Ready to sell your home? Work with us today!

Author: Jordan Gunn
Licensed Real Estate Assistant
Keller Williams Select Realty
The Andrew Perkins Real Estate Team

Design Your Den for You!

Ah, the den. Not quite a bedroom, however, an easy place to put guests for the night. It is the room in the house that many find the most difficult to decorate and give purpose to. 

If you are not careful, that valuable extra space ends up being a catch-all cupboard for personal items we’d like to deal with later: Christmas decorations in the closet, laundry on the bed, your kid's toys that they are not ready to part with stacked in the corners - dens can be just as big of a headache as they are a blessing.

Yes, spare bedrooms are great for when families visit, however, the majority of the time, spare bedrooms are left unused. There are many more innovative ways you can design your dens so YOU get the most out of them in your everyday life!

Here are 7 ideas to maximize your space and turn your den into a room you get to enjoy on the daily!

The second most common use for a den is a home office

With the rise of working from home, side hustles and flex hours, why not convert your den into your own personal office space? Here you can create a mental divide between work and play, and get to spend time in your den multiple times per week! The main aspect of working-from-home most complain about how it blurs the line between home and office. Working from your couch only to continue sitting on it for the rest of the evening in your personal time makes for a dreary day. Having a dedicated space to get work done not only allows you to relax better in your family spaces but also helps you shift into the work mindset when need be. Remember - keep your office free from clutter, invest in a comfy chair and use Fengshui principles to keep your space calm and collected, helping you work stress-free! 

Turn your den into a mini gym/yoga studio

Fitness fans out there, save on gym memberships and commute times by converting your den into your own personal gym or fitness space! Stop having to move sofas and rugs to complete your workouts in the living room. We recommend installing a monitor or tv to your den's wall to play workout videos, make space for a few select fitness equipment and maybe a mirror or two to watch your form. Keep it simple so you have space to move! Once your space is set up to succeed, there's really no excuse to stay active!

Use your den as a dining room

If your den is close to the kitchen, why not convert it into a dining room for you and your family? Having a designated space to sit down and eat meals together is so important in today's hustle and bustle. If you choose to turn your den into your dining room, we suggest using warm hues in your decor such as beige, red or yellow to stimulate your appetite. Hang a beautiful light fixture in the centre of the room and you’ve got a gorgeous gathering space!

Use your den as a walk-in closet

One way to make your daily life feel more glamorous is to convert your den into a walk-in closet! Having a dedicated space for your clothes may help you keep them more organized, and can help you keep a more cohesive wardrobe. I don’t know about you but, when all of my clothes are jammed into a tiny closet, I often feel like I have nothing to wear and end up buying more clothes that I do not need - which in turn jams my closet further, and leads to an unhealthy cycle. Spacing your items out in your den and giving yourself a dedicated “get-ready” space may help you feel more put together, and allow you to care for the clothes you already have!

Kids’ playroom/Game Room

Every parent can agree that having kids’ toys sprawled all over the house is a headache. Why not convert your den into a playroom to contain all of your kids’ fun? This dedicated space will keep the rest of your home tidy, and allow for your children’s imagination to run wild! If you have older children who do not necessarily need a space for toys, you can use your den as a family game room to spend some quality time and have some laughs!

Cinema

I personally had a family friend who converted their den into a home theatre, and it was the best decision their family made. They thrifted old movie theatre seats, installed a mini bar in the back of the room, and projected a large screen onto a blank wall. It was genius! If you are someone who likes to entertain, a den-turned-cinema is sure to impress! 

Library

Last but not least, convert your den into a peaceful sanctuary by adding some built-shelving and surrounding yourself with your favourite novels! If you are someone who loves to get away from the business of the day and delve deep into a good book, a mini library would be the perfect use of a den space for you! Add a comfortable chair, fuzzy rug, side table and warm lamp to the centre of the room and you’ve got the perfect peaceful space.

Maybe you use your den in a cool and creative way that we did not list here? Let us know! 

Jordan Gunn

902-401-0373 

Keller Williams Select Realty

EnerGuide and Halifax Homes: Why You Should Care

With rising inflation and climate change, conserving energy is at the forefront of most Halifax residents’ minds. We are fortunate enough in Halifax to experience all four seasons: but with these drastic shifts in temperature, we can use a lot of energy in our homes to maintain comfortable temperatures. Many of us need to turn our heat source on for most of the winter and use air conditioning through the hottest months of the summer. This can add up to increased utility bills and carbon emissions.

Sure, you hear about all sorts of different ways to improve the energy efficiency of your home but how are you supposed to know where to start? Does your home even waste that much energy, and if it does, which renovations would make the most impact?

Before choosing which renovations or retrofits to conduct, it’s always great to have a baseline: That’s where Canada’s program called EnerGuide comes in.

Read through our article below to learn what an EnerGuide rating is, how it is measured, and what to look for in terms of ratings when purchasing a Halifax home!

What is an EnerGuide rating?

An EnerGuide rating is a number that is calculated to determine your home’s energy consumption in gigaojoules per year. This means the number is an estimate of the net amount of energy your home will consume in 12 months.

The lower the number, the better. If your home’s EnerGuide rating was 0, this would mean that your home is net zero: It uses as much energy as it produces, and does not produce any excess, or in other words, no energy is wasted. This is almost impossible to achieve, as the average newly constructed home has an EnerGuide rating of about 100. Nevertheless, the closer to zero, the better.

According to Landmark Homes, the average household uses 100 gigajoules of energy per year. If your home has an EnerGuide rating, you may receive a label like this:

This label will tell you the following:

- Your EnerGuide Rating

- Where a typical new home falls on the scale

• The amount of greenhouse gases your home emits

• The impact your home has on the environment.

As Landmark Homes says: The better the rating, the more comfortable your home will likely be.

How is the rating measured and calculated?

As stated above, the rating is measured in gigaojoules of energy. To put this in perspective: 1 gigajoule of energy is used to run a refrigerator for 30 weeks or to wash 100 loads of laundry.

An EnerGuide rating is calculated by an energy advisor who is registered with Natural Resources Canada. They will arrive at your property and do a thorough inspection of the exterior and interior of the home, as well as collect data involving the following (From The Government of Canada):

• the level of your home’s airtightness, using a blower door test;

• the insulation levels of your walls, ceilings and basement;

• the number, type and location of all windows and exterior doors;

• the size and efficiency ratings of your space heating, space cooling (air conditioning) and water heating equipment;

• information about any ventilation equipment; and

• any other information relevant to your home’s energy performance.

• The energy advisor will confirm the locations of attic, basement/crawl space accesses, mechanical equipment, etc. with you in the course of the evaluation. If clear access has not been provided in advance, they may request that you assist in providing safe and unobstructed access to these areas.

• If you have fuel-fired space heating or water heating systems, the space heating system will need to be turned down or turned off and the fuel-fired water heating system will need to be turned down to avoid the firing of the equipment during the blower door test.  This is because the blower door fan could impact the proper operation of your gas appliances and cause safety issues during the evaluation. All equipment will be returned to pre-evaluation settings at the end of the test.

After they inspect your home and collect the required data, they will provide you with an EnerGuide rating label, like the one shown above, as well as your renovation upgrade report, which will detail recommended upgrades to lower your rating.

Why should you care about EnerGuide ratings?

Owners: You should care about EnerGuide ratings because they give you valuable information on upgrading your home to be more comfortable, more cost-efficient, more energy efficient, and better for the environment.

Buyers: You should care about EnerGuide ratings because they can help you determine if a property is functioning efficiently, so you are not surprised with large utility bills in the future. EnerGuide ratings can help you decide between two properties, and anticipate future renovations that should be made to conserve energy.

Sellers: You should care about EnerGuide ratings, as having a good rating is a great selling point that will make your property stand out among the rest. Being rated also shows that you care about your home, and have gone out of your way to address the correct improvements needed for a home to be comfortable and long-lasting. Buyers love properties that their previous owners take pride in.

If you are interested in having your home rated, click the link below for more information!

https://www.nrcan.gc.ca/energy-efficiency/energuide/12523

Jordan Gunn
Licensed Real Estate Assistant
Keller Williams Select Realty
902-401-0373