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5 First-Time Homebuyer Mistakes and How to Avoid Them

Congratulations! You’ve decided to take the plunge into homeownership and purchase your first home. Now, you have all the excitement of house-hunting and finding your perfect home to look forward to! However, there are some bumps you may encounter along the way if you aren’t properly prepared for them. To help you, here are 5 first-time homebuyer mistakes and how to avoid them:

 

Not doing your homework

Purchasing your first home is a huge step and not one to be made in a hurry. Make sure that you do your homework by researching different neighbourhoods and considering which are most suited to your needs now, as well as 5 or 10 years in the future. Things to consider include walkability, green space, nearby schools, and whether or not the city has any upcoming plans for development.

 

Maxing out your budget

It can be easy to get swept up into the excitement of house-hunting and to start looking at homes that are in the top-end, or even above, your budget. One of the best things you can do before you begin to look at homes is to obtain mortgage pre-approval. With mortgage pre-approval, not only will you demonstrate to sellers that you are a committed buyer, but you will know exactly how much you can afford and what your monthly mortgage payments will be.

 

Not taking other costs into account

There are more costs to take into consideration than simply your monthly mortgage payments. By purchasing a home you are also committing to pay utilities, insurance, maintenance, possible condo fees and property tax. A good way to gain an accurate idea of what costs you can expect is to ask your realtor. You should also factor closing costs, such as legal fees, property tax adjustments and the land transfer tax, into your final numbers.

 

Skipping the home inspection

A home inspection is vital in ensuring you know exactly what you’re getting in terms of the current state of your home. A professional home inspector will look carefully at your home’s foundations, windows and roof, and will tell you if there is any water damage, mould, or structural issues that you need to address. If possible, include a home inspection as part of your conditional offer.

 

Making assumptions

You think the previous owners are leaving behind their appliances, only to arrive on move in day to find they have taken them with them and you are now left to replace a costly washing machine and dryer. If you think the previous owners may leave items behind, or if you have even discussed this with them — make sure to get it in writing. Items such as window treatments, lighting fixtures, and appliances are most often left behind but just make sure you clarify first exactly what you’re getting without making an assumptions.

 

Feeling overwhelmed? Let our team guide you through the homebuying process with ease. Capital Mortgages offers step-by-step personal assistance from knowledgeable mortgage brokers and an easy online application process. We’ll be by your side each step of the way, from helping you understand your options and what to expect, to mortgage pre-approval, and all the way through finalizing your mortgage and the purchase of your home.

 

Ready to talk? We’d love to help!

Reach out to us by phone at 613-228-3888 or by email at info@capitalmortgages.com

 

If you found this information useful, make sure to like and follow us on Facebook, LinkedIn, Twitter and Instagram! We are constantly posting valuable home tips, pertinent news articles, and reliable mortgage advice to better educate and inform our clients.

 

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

Essential Cleaning Tools for Your Home

Whether you have just moved into your first home and need to put together a kit of cleaning supplies, or your existing tools need an update, we’ve put together a comprehensive list of the most important and essential cleaning tools to keep your home tip top and squeaky clean!

 

Microfiber cloths

This little cloths are fantastic in pretty much every room of the house! They are super soft so won’t scratch surfaces, and are great at picking up dust and leaving a streak-free finish. They work amazingly well on windows and mirrors.

 

Swedish dishcloths

Never heard of a Swedish dishcloth? You’ve been missing out! Swedish dishcloths are amazing multi-tasking tools that can take the place of your kitchen sponges and paper towels. Made from a blend of cellulose and cotton, they are natural, super absorbent, and can even be washed in the dishwasher or washing machine. Perfect for wiping down countertops and mopping up spills!

 

Rubber gloves

Protect your hands when using harsh cleaning supplies by wearing a pair of rubber gloves. Gloves are also good to wear when washing dishes!

 

A bucket

A large bucket can be used to store cleaning supplies when not in use, as well as for a multitude of other jobs around the house. Fill it up when cleaning floors, windows, or even scrubbing your back deck.

 

A squeegee

These handy little items work well in the bathroom for cleaning the shower after it’s been used! By wiping the water droplets away immediately you can prevent the appearance of mould. Squeegees are also great for cleaning windows.

 

Scrubbing brushes

Sometimes a cloth just won’t stand up to the task! In places such as the bathroom or kitchen, you may have to use a bit of elbow grease to shift stubborn stains from tiles or around the sink. For those smaller harder-to-reach spots, such as the grout between tiles or around the faucet, you can use an old toothbrush!

 

A dustpan and brush

Handy for tidying up crumbs on hard floor surfaces such as linoleum or hardwood, especially if you have children or pets! A full-size broom with a clip on dustpan will prevent you having to bend over or kneel when sweeping up.

 

A vacuum cleaner

A heavier duty items to keep floors clean, especially if you have rugs or carpets! By keeping your floors free of dust and hair, you can keep allergies at bay.

 

For more useful and important home tips, make sure to follow Capital Mortgages on Facebook, LinkedIn and Twitter! Looking for a mortgage? We offer step-by-step personal assistance from our team of knowledgeable mortgage brokers to make your life easier! Don’t hesitate to reach out to us today!

 

10 Brilliant & Decorative Home Organization Hacks

 

 

You can easily find gorgeous home décor and useful storage solutions (i.e., storage bins), but it’s harder to find a combination of the two. Areas where home organization solutions are needed are often areas that will also be on full display to guests so, ideally, they should function as tools to de-clutter while still adding to the attractiveness of your home.

 

 

If you cringe at the thought of hideous plastic storage crates and bland cardboard boxes, here are 10 simple, creative and functional home organization and storage ideas that will heighten your home’s aesthetic:

 

1) Display kitchen essentials on a tray

This easy hack can transform your kitchen: Round up your most-used kitchen items (i.e., olive oil, salt and pepper shakers) and place them on a decorative tray to help your kitchen counters look elegant and put-together.

 

2) Use a magnetic knife rack in your bathroom

Install a magnetic knife rack in your bathroom to ensure you always know where your nail clipper, bobby pins and tweezers are.

 

3) Display jewellery on your vanity

Instead of hiding away your stylish earrings and jewellery in a drawer, sort them into beautiful arrangements on a decorative catch-all dish, glass box, or by hanging them from a jewellery tree or cork board.

 

4) Buy matching hangers

If you often have visitors to your home, your entryway closet will see a lot of action. Buying matching hangers—especially good-quality wood hangers—will help your closet look tidy and uniform and save on space between hangers.

 

5) Keep boots looking their best

Do you hate the way your boots sag and lose their shape in your closet? Cut up a cheap pool noodle to pop in your boots and ensure they look their best, even when you’re not wearing them.

 

6) Pare down your linen closet

Give your linen closet a polished look by removing old, fraying or mismatched towels, extra sheet sets and other out-of-place items.

 

7) Group bathroom essentials together

Simply filling containers, such as a glass mason jar, with everyday items like cotton balls or Q-tips can beautify your counter while making things easier to reach for.

 

8) Upcycle tin cans

Wrap tin cans in colourful scrapbook paper to match your home’s decor. The colourful containers can then be used for anything from pens and pencils, to kitchen utensils or even flowers!

 

9) Tie linens and towel sets together with ribbon or twine

For a more coordinated look, sort and decorate your linen or towel sets with colorful ribbon, twine or yarn.

 

10) Organize pots and lids

Save yourself space (and headaches) by organizing pots and pot lids with a lid organizer or hardware store tension rod installed in a drawer.

 

Are you tired of searching around for the most favourable mortgage rates? We have an outstanding range of mortgages and lenders available to help you build the mortgage blueprint that best fits your financial future. Contact Capital Mortgages today and let us take care of you.

 

Buying a New Home: Capital Mortgages Ottawa

Ways To Save On Winter Home Heating

Winter is one of the seasons where every home owner tries all they can to make as much as possible on home savings. The main area where the savings are made is in heating. Heating oil is becoming more expensive by the day while electricity costs seem to be headed to the peak. For these reasons, many home owners have been thinking of tricks that they can use to keep their homes comfy while minimizing the energy costs. Below are some tips that you can use to help keep your home warm without spending too much.

Carry out a full energy audit

The first thing to do that will help towards saving energy bills is carrying out an energy audit. Your local electricity service provider can be called to handle the audit. The audit will take into account the energy needs that must be met, patterns of using energy and the lifestyle. In addition, these experts will check on areas where energy might be getting lost and suggest ways on which you can use to curb the loss. Once their recommendations have been implemented, you will notice that your energy bills will go down and help you save.

Eliminate all air leaks

Regardless of the fact that you are living in a newly constructed house or an old one, you need to understand that air leaks contribute to heat loss. Therefore, go through every window, doors and attics to make sure that there are no leaks. Should you find any, you can use latex caulk or silicon to seal them. Once these areas have been dealt with, inspect the ceiling fixtures and make sure that hot air is not escaping to the ceiling through this route. Once all these leaks have been sealed, you will realize that you are making home savings of about 20%.

Resurrect your fireplace

If you have a fireplace that has not been in use for quite a while, it is time to resurrect it. There is no better way to enjoy the warmth of the fireplace than sipping a sweet cup of cocoa as you read a great book. Using the fireplace during winter means that you will not use alternate heating methods such and this lowers the energy costs. Once you are done with fire and are headed to bed, ensure that you seal the mouth of the fireplace to keep the hot air within the home. This way, you will have a warm night and end up gaining as far as home savings are concerned.