Save Money with Cabinet Refinishing
Posted by Liv Real Estate on
A kitchen renovation will increase your personal enjoyment of the space and increase your home’s resale value. Kitchen renovations offer one of the best returns on investment compared to other home renovations. In fact, you can expect to recoup over 80.2% of your renovation costs at resale, according to Remodelling Magazine’s Cost vs. Value Report for 2017, and that is for a minor kitchen remodel.
Photo Credit: Cooperrider Painting
The biggest component of your kitchen renovation will be your kitchen cabinets. A full kitchen cabinet replacement can be very expensive, but you don’t have to spend that fortune for a freshly upgraded kitchen.
What is cabinet refinishing?
Cabinet refinishing is when you simply change the finish and/or colour of your…787 Views, 0 Comments
New Listings: 536 (465, 524, 573)
# Sales: 246 (237, 274, 255)
Ratio: 46% (51%, 52%, 45%)
# Price Changes: 469 (478, 519, 512)
# Expired/Off Market Listings: 624 (234, 305, 253)
Net loss/gain in listings this week: -334 (-6, -55, 65)
Active single family home listings: 3617 (3746, 3735, 3734)
Active condo listings: 2711 (2897, 2888, 2922)
Homes 4-week running average: $421k ($427k, $430k, $435k)
Condos 4-week running average: $250k ($253k, $250k, $245k)
The single family average price chart is starting to look a bit like the "Matterhorn." I'll be keeping an eye on inventory over the coming weeks and we'll see where things go.
Have a great weekend!
UPDATE - The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Real Estate Market this week showing fairly stable prices amidst lower than normal sales. As we've been discussing on this blog all year, the big story in Edmonton is inventory, which is well above normal levels. Meanwhile, builders have been busy adding new homes to the inventory available for sale. Demand has been somewhere between average and below average so far this year. Throw in rising interest rates, and a shrinking population (?), real estate is hanging in there pretty well.
Here's our snapshot of the Greater Edmonton Area real estate market in September:
And our charts showing trends and comparisons:
We’re all looking for ways to save money these days and doing your own home improvement projects instead of hiring a contractor may help. Of course, taking shortcuts can absolutely be a bad idea if they turn your simple project into a complicated one or put you in a dangerous situation.
While you can definitely learn how to do a lot of projects with assistance from a home improvement centre or YouTube videos, it’s important to know when you’re in over your head. Use common sense and never be afraid to call for reinforcements from a professional if you get overwhelmed.
If you do decide to go the DIY route, here are a few shortcuts you must avoid:
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 524 (573, 552, 509)
# Sales: 274 (255, 216, 261)
Ratio: 52% (45%, 39%, 51%)
# Price Changes: 519 (512, 466, 428)
# Expired/Off Market Listings: 305 (253, 565, 550)
Net loss/gain in listings this week: -55 (65, -229, -302)
Active single family home listings: 3735 (3734, 3683, 3649)
Active condo listings: 2888 (2922, 2875, 2866)
Homes 4-week running average: $430k ($435k, $436k, $437k)
Condos 4-week running average: $250k ($245k, $246k, $247k)
Have a great weekend!
Making sure your eavestroughs are in good working order is critical to your home’s ability to ward off flooding and moisture damage. If they are not working properly, you could get water running down your walls and pooling around your home. This can eventually penetrate through the foundation or leak through windows and cause major water damage in your home.
Photo Credit: Rise Up Ltd.
Your eavestroughs might be in trouble if:
The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area Market Today, saying:
“Entry level buyers appear to be turning their attention to semi-detached product for the best value, as opposed to condominiums. Changes to mortgage rates and qualifying rules may be impacting these segments. In the current market there is significant selection for the value conscious buyer. We continue to monitor the market closely to gauge the longer-term impact of the new mortgage rules,” says James Mabey, the REALTORS® Association of Edmonton Chair. “A drop in month-over-month units sold in August is historically normal activity for the Edmonton region,” says Mabey. “But average sales prices were higher this August than in any…