of Lloydminster

Your Community Minded Realtors

Contact Us Anytime

Office: 780-808-2700
Toll Free: 866-666-2700

RE/MAX Of Lloydminster
5726 - 44 Street
Lloydminster, AB
T9V 0B6

"each office independently owned and operated"

As you grow older, your needs will start to change.  One of the main things that you may want to consider altering is your accommodation or property.  But how do you know when it is time to downsize your home?  If you're approaching retirement age, keep reading and see if any of these signs apply to you.




1. You Have Too Much Room


After children have left the home, you may find that you have too much room.  Although a family property may have been the perfect size for you when you were growing up, it is likely that a younger family could now make much better use of the space.  Sentiment can make it hard to downsize; however, you should remember that the memories of your children's childhoods will remain with you and not with the house.  Downsizing could be the much more practical option.


2. You Have Trouble Getting Around


Mobility issues affect many people that are reaching retirement age.  If you are struggling to move about your home or walk up and down the stairs, it may be time to consider downsizing to a smaller property that is on one level, such as a bungalow or an apartment.  This will remove the obstacle of stairs and make your home much safer.


3. Cleaning is a Chore


Cleaning the home is hardly ever an enjoyable task, however if you are finding it to be a never ending struggle, it may be time to downsize.  Home maintenance should be a manageable task and not something that takes over your free time.  A smaller property will require much less upkeep, giving you more time to yourself.


4. You're Lonely


Living on your own can be lonely, especially if you have previously shared your home with children or a partner.  If you are craving company, it may be worth downsizing and moving to a retirement complex.  A smaller property in a complex will still give you freedom and privacy, however it will enable you to socialise with other people who are in a similar situation.


5. You Can't Afford It


Whether it's mortgage repayments or utility bills that are making it hard for you financially, downsizing to a smaller property could be the ideal solution.  Downsizing may also enable you to release money through an equity release scheme or property sale.  This will give you some room to breathe financially and should also help to improve your wellbeing.  If you are considering moving property in order to improve your finances, do make sure that you look into the estimated expense of the new property.  You may be able to save money on utility bills in a smaller property, however you may be expected to pay towards maintenance costs if you are in a private complex which may offset the initial savings.


If you are currently in a property that is too large for you, it may be time to contact a realtor to see what options are available to you.  Downsizing is nothing to be ashamed of, and it may just be the best decision you make.


Read full post

One of the biggest fears that home sellers have is that their property will end up on the real estate market for months on end. This is a nightmare for a number of reasons. First of all, having your house listed on the market for more than a month or two can cause a huge strain on your finances, especially if you've just moved into a new home. Secondly, a house that has been on the market for a long period of time is less likely to sell, often because buyers come to assume there is something wrong with it. If your house has been on the market for more than a few months, and you're sure you've priced it right, then there may be an unseen factor that is hurting your chances at selling. Here are four such factors that could be hindering your home sale:




1. Messy neighbors

You may have put a lot of time and resources into making sure your home's curb appeal is top notch. However, your home's curb appeal can be affected by your neighbor's lack thereof. If you live next to someone who has neglected their yard, buyers can easily be turned off. This is especially true if your neighbor's yard isn't just overgrown and unkempt, but has also become a mini-junkyard of sorts, the landscape littered with rusted and broken lawn equipment. This can be difficult to deal with, since you can't force your neighbor to do anything about it. Try organizing a block-wide cleanup in the hopes that the neighbor will take part as well. If this doesn't work, try talking to the neighbor -- you can even offer to help. If this still doesn't get you anywhere, there's a good chance your local health or zoning department will help if your situation is truly intolerable.


2. Poor parking

Does your house require off-site parking? Does your street have weekly street cleanings that require half the road to be cleared? These are issues that can become a real nuisance to some people, especially buyers that have more than one car in their family. If there are issues with parking, then buyers are going to figure it out right away as they try to find a place to park in order to come look at your home. Consider offering to pay the first month's fee at a nearby garage or to pay for a resident parking sticker as an incentive.


3. Thin walls and ceilings

Can you clearly hear when someone is walking around upstairs? If you turn the TV on in your living room, can you hear it in every other room of your house? If so, your home probably has thin walls and ceilings. Not only will buyers be discouraged by the fact that they can hear every sound disturbance from anywhere the house, but they'll be turned off by the lack of privacy that this affords them. There are a few solutions to this. Adding carpeting to your flooring can help create sound barriers, although this is a typically costly improvement. A more affordable alternative would be to have cellulose insulation blown into your walls and ceilings. Not only can this help reduce the amount of sound that travels from room to room, it can also have a positive effect on the heating costs of the home.


4. Noise pollution

You may still have an issue with outdoor sounds leaking into your home even if you've taken care of your thin walls and ceilings. If your home is located near a busy road or a train line, then these sounds will most likely be heard inside of your house. You may have gotten used to these sounds years ago. The first thing you should do is look up local noise regulations to see if there are any nearby violations you can report. Other solutions include making sure to seal any gaps around your home that could be letting sound in, such as around your windows. You may need to caulk your windows to help prevent outdoor sound from penetrating your home. Blackout curtains can help a great deal as well.


Sometimes, no matter what you do in terms of prepping your own home for sale, there could be unseen influences that are killing your sale. These are some of the more common hidden problems that could be driving potential buyers away.


Read full post
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.