Monday, May 11, 2015

Maria Mak - Burnaby Realtor - Proven ways to increase the value of your home



1. Stage and declutter your home

Do all the work necessary to make your property look good, not through expensive changes but through excellent staging, your agent should be able to provide proper advice and even bring in a professional.

That means clearing out clutter.

It’s remarkable what regular home maintenance, cleanliness, and minimizing clutter in your everyday life can do for you when it comes time to sell.

Staging a home is very different from designing or decorating. It’s a tough thought, but not everyone likes your pets, hobbies, sports teams, or religion.

2. Clean it up!

If it’s dirty, it will not sell — even if it’s a great place.

In fact, surprisingly, most of the agents we spoke with focused on overall cleanliness and space in the home as the biggest factor in selling your home.

And cleanliness pays off, according to Consumer Reports: cleaning and decluttering can deliver a 3% to 5% return on investment, and this is something you can do yourself.

3. Enhance your curb appeal

First impressions sell your home. As soon as a potential buyer drives up to your house, she’s making judgments — and a yard in disarray or untrimmed bushes could cost you.

4. Pay attention to details

The details that you may believe are minor can turn out to pack a wallop for your home’s sale. That includes everything from paint touch-ups throughout the house to a full redo of public rooms.

Wash your windows, replace compact fluorescent bulbs with incandescent or halogen, and remove or minimize personal photographs.

If you have a little money to invest, upgrading to energy-efficient windows, appliances in the kitchen, and adding solar. These are always the things that bring in more money.

5. Refresh your kitchen and bath

Don’t forget the most important rooms in your home: the kitchen and bathroom. Consumer Reports estimates that you can increase your home’s value by as much as 7% by renovating these rooms.

If you don’t have renovations in your budget, some fresh paint, a low-hanging opportunity to freshen up your space and potentially lift your asking price.

Choose a neutral palette to increase the appeal to as many tastes as possible; buyers need to be able to easily visualize themselves living in the home. But don’t invest too much time or personality in things like paint and new carpeting.

The worst thing you can do is put lots of money into things like carpet, paint, and other aesthetics that a new homeowner will likely want to change.

6. Invest in good photos

When it comes to the listing, make sure your real estate agent offers great photos that show your home in its best light. First impressions can make all the difference to someone sitting at home on the computer.

And when it comes to open houses and showings, you “absent yourself” because sellers can sometimes get in the way of a sale by taking things too personally.

7. Try not to take it personally

While this tip won’t necessarily increase your home’s value, it will certainly speed up the sale. 

Whatever comments are [made] about your home, they’re never intended as a personal affront. Remember, everyone has different tastes, but clean and well maintained never goes out of style.

Contact Maria Mak and her team @ www.mariamak.com for all your premium real estate services.

Photo by Maria Mak - Burnaby Realtor


Saturday, May 9, 2015

Maria Mak- Burnaby Realtors - great investment opportunity in Harrison Hot Springs



*Beautiful free standing 3 years old West Coast style property plus restaurant business for sale in famous tourist location - Harrison Hot Springs - $1,100,000*

130 seat restaurant on 33x130 lot situated minutes from beach, tourist promenade, & major resort & hotels. Well designed 2245 sq ft building has high vaulted ceiling, air conditioning, washrooms, generous & well equipped kitchen plus an extra 350 sq ft outdoor covered balcony. 

Currently serving simple but well received menu, recipient of the 2013 Excellence in Culinary Award. Liquor license, suitable for other menus as well. 

It caters to group functions. It is an ideal family run business that prides itself in building a meal from scratch. All foods are prepared in house from fully fresh products & special recipes. All baking is done on site. 

Must view to appreciate.Contact Maria @ 604-839--6368 or visit www.mariamak.com for more details.

Monday, May 4, 2015

Maria Mak- Burnaby Realtor - Home buyer demand outpacing supply across the Metro Vancouver housing market

Strong home buyer demand coupled with below average home listing activity has created seller's market conditions within the Metro Vancouver* housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 4,179 on the Multiple Listing Service® (MLS®) in April 2015. This represents a 37 per cent increase compared to the 3,050 sales recorded in April 2014, and a 2.9 per cent increase compared to the 4,060 sales in March 2015.

Last month’s sales were 29.3 per cent above the 10-year sales average for the month.

“The supply of homes for sale today in the region is not meeting the demand we're seeing from home buyers. This is putting upward pressure on prices, particularly in the detached home market," Darcy McLeod, REBGV president said.

New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,897 in April. This represents a 0.9 per cent decrease compared to the 5,950 new listings reported in April 2014.

The total number of properties currently listed for sale on the region’s MLS® is 12,436, a 19.8 per cent decline compared to April 2014 and an increase of 0.5 per cent compared to March 2015.

“It’s a competitive and fast-moving market today that is tilted in favour of home sellers. To be competitive, it’s important to connect with a local REALTOR® who can help you develop a strategy to meet your home buying or selling needs,” McLeod said. 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $673,000. This represents an 8.5 per cent increase compared to April 2014.

The sales-to-active-listings ratio in April was 33.6 per cent. This is the highest that this ratio has been in Metro Vancouver since June 2007.

Sales of detached properties in April 2015 reached 1,815, an increase of 35.9 per cent from the 1,336 detached sales recorded in April 2014, and a 70.6 per cent increase from the 1,064 units sold in April 2013. The benchmark price for a detached property in Metro Vancouver increased 12.5 per cent from April 2014 to $1,078,900.

Sales of apartment properties reached 1,579 in April 2015, an increase of 34.7 per cent compared to the 1,172 sales in April 2014, and an increase of 50.1 per cent compared to the 1,052 sales in April 2013. The benchmark price of an apartment property increased 4.4 per cent from April 2014 to $394,200.

Attached property sales in April 2015 totalled 785, an increase of 44.8 per cent compared to the 542 sales in April 2014, and a 53.6 per cent increase from the 511 attached properties sold in April 2013. The benchmark price of an attached unit increased 5.7 per cent between April 2014 and 2015 to $493,300.

*Note: Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta.

For all your premium real estate services, please visit www.mariamak.com or contact Maria and her team @ 604-839-6368.

copyright© real estate board of greater vancouver.