Your resource for buying, selling, and enjoying your home in the Inland Northwest.
AUGUST
2024
Daily News.
A RECIPE FOR SAVING FOR YOUR DOWN PAYMENT
Buying a home is a process that takes time, energy and money. The larger your down payment, the better the interest rate on your mortgage. How can you save that kind of money quickly?
GAUGE YOUR FINANCIAL SITUATION
Start by making a list of your income, expenses and debts. This gives you a clear idea of your financial health and helps you determine how much you can save each month. Your debt-to-income ratio also plays a critical
role in determining your borrowing capacity and, therefore, the amount required for your down payment. Consult a financial professional if you need help managing your savings or improving your credit rating.
REVIEW YOUR LIFESTYLE HABITS
Look for areas where you can cut back on your expenses. This could include eating out less, cancelling streaming subscriptions or not shopping as much. Small changes can add up over time
Custom loans for your dream home.
You have your floor plan in mind, and know exactly what features you want. Our loan professionals can help you get into the right loan for you to make it a reality.
and help you save more for your down payment.
SET UP SCHEDULED WITHDRAWALS
One of the easiest ways to save money is to set up automatic transfers from your chequing account to your savings account. By doing this, you won’t have to
think about saving money each month, and you’ll see the amount grow over time. This can be a great motivator to spend less and save more.
Remember, every little bit counts when building up your down payment. Happy saving!
We offer several mortgage options to meet your needs. Visit p1fcu.org/mortgage to explore your options today.
Smart tips for preparing your first meeting with a estate agent
Buying or selling a property is easier with the help of a professional. Have you noticed a real estate agent advertising in your local newspaper or on a bus? If you made an appointment with them, here are some smart tips to help you prepare for the first meeting and determine whether their approach and services are suited to your needs.
VERIFY THEIR REPUTATION
Has the agent received any complaints? Are comments about them online positive? Are they a member of a recognized organization? If everything checks out, you can move on to the next step. However, if there are red flags, you may want to clarify these concerns before meeting or politely cancel the appointment.
MAKE A LIST OF QUESTIONS
Come up with a handful of questions to help you determine whether you and the agent are a
HOW TO MANAGE MULTIPLE OFFERS
Don’t rely solely on price!
Have you recently put your house up for sale? Are offers pouring in? That’s a good problem to have! Now you must choose one. This isn’t as easy as it sounds. Here are a few tips to help you sort through the options and select the person for whom you’ll hand over the keys.
IT’S NOT JUST ABOUT THE PRICE
• The financing situation. For example, has the buyer been pre-approved for a mortgage?
• Your personal values, such as if you want to sell to a family rather than someone who wants to renovate your house and flip it for a profit.
good match. Here are a few ideas:
• What’s your commission?
• Do you work independently or with other agents?
• When did you obtain your licence to practice?
• Can you give me examples of recent transactions similar to mine?
• How well do you know the area where I want to buy or sell?
• What’s your marketing strategy?
• How can I reach you, and when?
• Can you provide references?
DEFINE YOUR NEEDS PRECISELY
You should be prepared to articulate your buying or selling requirements to your agent. Be precise about what you want, and be ready to communicate your preferences and non-negotiables.
Enjoy your meeting!
Of course, you want to get the best price for your home. However, other factors could come into play if you receive two equivalent offers. Hwere are a few things you should consider before deciding:
• The conditions. The more conditions there are, the longer the process will likely take.
• The timeframe for taking possession. It can take a few weeks or several months. The date the bill of sale was signed can also impact the timeline.
If you need help deciding, talk to your real estate agent. They’ll help you evaluate each offer in detail and, if necessary, create a counteroffer.
Eco-friendly homes: addressing various issues
The housing industry significantly impacts the environment, mainly due to the energy consumption involved in manufacturing and transporting building materials. However, constructing or renovating a “green” home can help to minimize this impact. Here’s how:
• Buy local. Building a “green” home means utilizing locally sourced materials like wood or stone from nearby areas. This helps reduce emissions by minimizing the amount of fuel required for transportation.
• Reduce energy use. Incorporating technologies like solar panels and heat pumps into your home design can help reduce strain on the grid and lower your monthly utility bills.
• Focus on indoor air quality. Using natural and non-toxic materials in your living space and ensuring proper ventilation can significantly improve your indoor air quality. This can help prevent potential health issues such as headaches, fatigue and asthma, often caused by humidity and poor air quality.
• Be water-wise. A single person can use up to 350 litres of water a day. Eco-friendly homes feature lowflow taps, showerheads and toilets to limit water waste.
While eco-friendly homes often require a higher initial investment than traditional buildings, they offer valuable energy savings, making them more cost-effective in the long run.
WHICH FLOORING SHOULD I CHOOSE FOR MY BASEMENT?
Finishing the basement is a crucial step in completing your home. However, before you can install your new television or exercise equipment, there are a few things you need to do, such as cover the floor. There are several materials to choose from, including ceramic, vinyl and engineered wood. Which should you go with? Here’s a comparison.
CERAMIC
Although typically expensive, ceramic has its advantages. It’s moisture resistant, tolerant of temperature extremes and waterproof, making it ideal if you live in a flood zone. Ceramic is also very durable but can be a bit cold on the feet.
VINYL
Flexible and easy to maintain, vinyl is highly moisture resistant. Additionally, you can easily install it yourself. Are you on a ti-
ght budget? Vinyl is an affordable option. The only drawback is that it wears out more quickly than other flooring options.
ENGINEERED WOOD
Made of several layers of plywood with natural wood on top, engineered wood is less likely to warp than hardwood floors, which aren’t recommended for basements. Although often the most expensive solution, engineered wood offers a warm and distinguished finish.
Other materials are gaining popularity in basements. For example, cork provides excellent soundproofing, while laminate is available in various shades. Are you torn between several options? Consult a flooring professional. They’ll help you find the right flooring for your style and budget.
Buying guide: dishwashers
GET READY TO PUT AWAY YOUR SPONGES!
Have you recently renovated or revamped your kitchen? Are you finally starting the search for the ideal dishwasher? Use this short guide to help you make the best choice.
DIMENSIONS
Before you go shopping, remember to measure the space available. Built-in dishwashers, which are easy to find, come in various sizes depending on the opening under your counter. Stand-alone models are enclosed on all sides and can be installed virtually anywhere.
CLEANING CAPACITY
The capacity of your appliance is measured in place settings, which represent the number of items required for one person’s meal. Here are the different capacities:
• A narrow, eight to 10-place setting model is recommended for a single person or a couple without children.
• A standard, 12-place setting model is ideal for a family of two adults and two children.
• A 14-place setting model is recommended if you use a lot of dishes or frequently host guests.
WASH CYCLES
While less expensive models typically include standard cleaning options, pricier dishwashers offer an array of cycles ranging from quick and delicate to deep clean and beyond. However, having fewer options makes the appliance easier to operate.
When buying a dishwasher, remember that it’s a machine that must stand up to repeated use. Take all the time you need to assess your dishwashing habits. Talk to local retailers for personalized advice.
THE IMPORTANCE OF INSPECTING YOUR ROOF: HOW TO AVOID UNPLEASANT SURPRISES
Every spring, it’s a good idea to inspect your roof to see if it withstood the winter months. This will help you identify any problems and take necessary action. Here’s what you need to know when doing a thorough visual inspection of your roof.
SAFETY FIRST
Climbing onto your roof can be risky, so use appropriate safety equipment, including closed-toe, non-slip shoes, a sturdy ladder and a safety harness. Having someone help you stabilize the ladder and be available in an emergency is also a good idea.
Additionally, ensure the roof is dry before inspecting it. Choose a day with minimal wind and cool tem-
peratures to avoid working on a screaming hot surface.
THINGS TO CHECK
First, remove any debris, such as leaves. Then, inspect all accessible parts of the roof to identify problems such as:
• Standing water
• A damaged or deformed membrane
• An uneven gravel layer
• Cracked sealing joints
• Rusted or flimsy flashing
• Protruding nails
• Missing, broken or lifted shingles
• Mould It’s also a good idea to examine your attic, walls and ceilings while
you’re at it. Check for signs of water infiltration or poor ventilation. Unpleasant odours, mould, excessive moisture and peeling paint are telltale signs that something’s amiss.
If you notice an issue, don’t wait for it to worsen. Seek professional help. If you’re uncomfortable inspecting your roof, call a local roofing professional to get the most accu-
rate assessment of your roof’s condition.
What’s a steam cleaner good for?
SPOTLIGHT ON THIS ECO-FRIENDLY, HIGH-PERFORMANCE APPLIANCE
Do you want to live in a spotless home but don’t want to clean using harsh chemicals? While you can undoubtedly use tried-andtested alternatives, such as homemade recipes using baking soda, vinegar and lemon juice, why not just purchase a steam cleaner?
This vacuum-like appliance diffuses hot steam to deeply clean various surfaces and destroy bacteria, dust mites, germs and allergens. You can even use it to clean your mattress and upholstered furniture, remove limescale in the bathroom, smooth out wrinkles in your clothes and wash your windows.
However, it’s important to note that you should always follow the manufacturer’s instructions and ensure that your furniture, surfaces, and textiles can withstand high-temperature steam before using them.
ADD CHROME TO YOUR DECOR!
Are you looking to change up your home decor? Chrome, a popular choice from several years ago for its futuristic allure, is again making its way into homes. However, this time, it’s a touch more subtle. One of the reasons for chrome’s renewed popularity is the brightness it brings to certain rooms when incorporated into light fixtures and chair and table legs. Here’s a look at a trend that’s as brilliant as it is versatile.
CREATES A CONTRASTING EFFECT
A chrome finish provides a striking contrast when paired with a wide range of materials and textures in your home. For example, placing a chrome vase on a dark wood table or hanging a chrome light above a stoneware kitchen island can instantly elevate your living space.
MAXIMIZES LIGHT
Do some areas of your home lack light? If so, consider chairs with chrome legs or a lamp with a chrome base. Chrome reflects light, helping dark or isolated rooms come alive.
IT PROVIDES A SLEEK LOOK
Chrome is an excellent choice for creating a sleek look in your bathroom. It’s neutral and easy to clean, making it ideal for items like shelving, towel bars, mirror frames and small baskets. These items add style to your bathroom and help keep it neat and organized.
Do you want to add a few shiny accents to your space? Are you looking to redefine your interior design completely? Try chrome for a long-lasting and elegant look!
IS IT TIME TO REPLACE YOUR TOILET?
Is your toilet showing its age? Are you thinking about investing in a new one? Are you renovating your bathroom and want to update this essential fixture? Beyond aesthetic considerations, here are some telltale signs it might be time for a new commode:
• The toilet leaks or is frequently clogged.
• The flush mechanism works erratically despite attempts at repairing it.
• There are cracks in the porcelain bowl or tank.
• The water tank runs continuously.
• The toilet is unstable and moves when you sit on it.
• The seat is uncomfortable. Modern models feature elongated bowls, which provide more support and comfort than round seats.
• The plumber visits so often that you’ve become friends.
If your toilet is past its prime, you may want to consider swapping it for a lowflow model to reduce your water consumption. Has your water bill recently increased? A faulty toilet could be to blame. It may be wise and cost-effective to replace it.
When shopping for a new toilet, it’s essential to consider the size and shape of the bowl, as well as the rough-in distance, to ensure you make the right choice.
Are you thinking about renovating your kitchen? Are you building a new home and designing your kitchen from scratch? Here’s a look at some of this year’s latest trends to inspire you.
1.Create a spa-like atmosphere. Melt away the stresses of everyday life by creating a relaxing, warm and uncluttered space. This means doing away with bright, clinical lighting (think low lighting!). Fill the space with soft, organic colours
KITCHENS: spotlight on 3 key trends in 2024
like sandy brown and warm grey. Ideally, the cupboards should have no handles and focus on natural materials.
2.Curate a space for social interaction. Modern kitchens are designed to be a space for cooking together or breaking bread with loved ones. Spacious islands with rounded corners, along with stools or benches and other types of dining areas, are all the rage. The focus is on creating a convivial atmos-
phere where family and friends can gather and enjoy each other’s company.
3.Make eco-responsible choices a priority. Incorporate sustainable practices into every aspect of the space. This includes using recycled materials, VOC-free paint and wood from sustainably managed forests. You can also choose intelligent or ENERGY STAR-certified electrical appliances, such as the refrigera-
tor and dishwasher, to reduce your carbon footprint further.
Creating the kitchen of your dreams requires careful planning. Otherwise, you could exceed your budget or run into other unpleasant surprises. Call on the services of a kitchen design specialist in your area to ensure your project goes off without a hitch.
3 WINNING TIPS FOR DESIGNING YOUR CHILD’S WORKSPACE
Creating a calm space and encouraging concentration is an excellent way to promote your child’s healthy development. Although they need to move around and express themselves in a playroom or the backyard, a workspace that reflects their personality will help them deepen their learning at school. Here are three tips for designing your child’s study area.
1. LET THEM CHOOSE THE DECOR
Whether you’ve decided to set up a workspace in your child’s bedroom, upstairs or in your openplan living room, it’s important to remember that the choice of decor should be primarily up to your child.
Encourage them to choose frames, wall stickers or even small plants. They’ll be more motivated to use the workspace if they decorate it themselves. Are you thinking of repainting the walls? Choose the colour together. Turquoise, pastel colours and neutral shades such as cream and grey encourage concentration.
2. FOCUS ON ERGONOMICS
Proper posture is crucial for comfort and effective learning. Get your child a height-adjustable chair so they don’t have to tilt or lift their head to look at a computer screen. For homework and lessons that don’t require writing, it’s beneficial for your child to vary positions. For example, they can read while sitting on a ball, the floor or an exercise mat.
3. AVOID DISTRACTIONS
Do you have pets? If so, set up your child’s workspace in an area where your furry friends can’t access it. This will help keep your child focused. You should also avoid placing the study area near potentially noisy areas, such as the kitchen or laundry room.
Your child’s workspace should reflect their personality and be where they want to spend time. By getting involved in its creation, you’ll be showing an interest in your child’s success, helping to build their confidence.
RENOVATING YOUR FIREPLACE: how to go about it
Has the style of your fireplace changed? Is your old-fashioned fireplace keeping your living room from entering the 21st century? If so, you should think about renovating it. Where should you start? Here’s a quick guide.
DETERMINE YOUR NEEDS
Before starting any work, identify your needs. Do you want to save space in your living room? Do you want to match other recent improvements in your home? These specifics will influence the choice of materials and the scope of the work.
REFURBISHING
After removing the outdated
components of your fireplace, thoroughly clean the exterior to get rid of accumulated dirt and debris. You should also clean the hearth and have a professional inspect the chimney for leaks. This ensures your safety and compliance with regulations.
ENJOY YOUR HARD WORK
Whether you choose to repaint, refresh or completely redesign your fireplace by replacing your wood-burning unit with an electric appliance (which requires less maintenance), you’ll quickly notice positive results. Your fireplace will have a longer lifespan, and you’ll limit heat loss. Hello, savings!
Not sure how to go about renovating your fireplace? Call a professional to do the work.
Happy reno-ing!
IS YOUR STAIRCASE LACKLUSTRE?
These ideas will make it look great again!
Many people think refreshing a staircase is expensive, but it doesn’t have to be! Check out this list of affordable solutions to make your worn or outdated staircase look great again.
CARPET
Covering damaged steps with attractive, textured carpeting is an effective way of giving them a new lease on life. This not only improves the look of your staircase, but also makes it more comfortable on your feet. Make sure the carpet is firmly glued to each step for your safety. For impeccable results, hire a professional.
BANISTERS
Are the treads still in good condition, but your staircase is missing something to make it stand out? Replacing your baluster and banister is a smart and affordable way to stay on trend. Metal posts, glass panels and wooden spindles are all great options. Visit your local home improvement store for inspiration.
PAINT
Repainting your staircase isn’t rocket science and doesn’t cost an arm and a leg! Not sure which colours to choose? Ask a decorating expert for advice on selecting shades that blend in with your decor or create a striking contrast.
For example, you can opt for a monochrome staircase or choose a different colour for the risers. You could even paint a trompe-l’œil into your staircase for that WOW factor. Since the stairs are a heavy-traffic area, use wear-resistant paint.
Finally, pasting flashy, printed wallpaper on the risers is a simple and inexpensive way of transforming a boring staircase into a work of art. Check out all the possibilities by visiting your local decorating stores.
