As the leaves begin to change colour and hockey season is about to begin, it is time to consider your Home Maintenance for Fall. I would like to share a few tips with you for getting your home ready for the Autumn season. Here are few simple things you can do yourself without calling in support from your local handyman.

 

  1. Home Exterior: Begin with the outside of your home and check the siding for holes or cracks. Ask your local hardware store for a repair kit and maintain the life of your siding for many years to come. Don’t forget to climb the ladHome Maintenance for Fallder and clean your gutters from debris. Once the rain begins to fall, there is an immense weight of accumulating water in your gutters, that may damage your gutter line. If you have a wood burning fireplace, give it a good sweep from the top of the chimney and clean out the accumulated soot.
  2. Thermostat: If you are not using a programmable thermostat, consider installing one. They have become more popular among home owners and will help you save energy costs in the long run. Preset the temperature of your home based on time of day and weekday or weekend. This will give you much enjoyment of your home, when you come home to a warm house on those rainy days.
  3. Drafts: Check for drafts around your doors and windows. Use some weather stripping. This is a cheap and effective way to conserve energy, and you can do this quickly on a Saturday morning before you are heading our for your weekend coffee.
  4. Generator: If you are living in Northern B.C., as some of clients do, spend some time to test your winter generator. They are a great tool, helping your family to stay warm, if there should be a power outage and to save your household pipes from freezing. Frozen pipes can be an ugly mess, once they thaw. Been there, done that. And finally make sure you have gasoline handy to operate your generator. Sounds simple, but then many forget about that little detail.
  5. Organize: Take some time to reorganize your garage or storage space in the basement. Clean the bikes and outdoor furniture for winter storage. Take time to winterize your BBQ. This is best done while it is still relatively warm outside. From experience I know to do these things before the rain begins to pour. Perhaps a basement cleanup and rid yourself from the old stuff that you have not used in a year or two. I usually do this around Labour Day and I go through my basement looking for ten things to give away or through out. The local charities will love you for your donations.
  6. Roof Inspection: This was a really hot summer and your roof shingles may have warped or curled in the extreme heat. Give your roof a visual check and replace damaged roof tiles and tar obvious cracks. If you are afraid of heights, get your local roofer to take a look. Better done now, than in the pouring rain. If you have a flat roof, remove debris.
  7. Landscape: Trim back shrubs, trees and bushes around your yard and the ones that are too close to the sides and roof of your home. Make sure trees and bushes stay clear of powerlines, after all you do not want to sit in the dark on a cold winter night, because fallen branches have taken down the powerline to your home.

 

A few hours of proper home maintenance will enhances the appeal and value of your home and keep you from critical emergencies. These events are typically more expensive, time-consuming, and stressful when they occur. 

I have done a lot of work on my own home and you can always call me, if you have questions about Home Maintenance for Fall

As a consumer it is important to understand how your credit will be evaluated. The categories lenders will primarily use to judge your credit are known as the five C’s of Credit: Capacity, Capital, Collateral, Credit History, & Character. Below is a brief description of each.Credit and Lending

Capacity

Denotes the consumer’s ability to repay loans. Lenders will look at something known as your debt ratio, this is comprised of both your Gross Debt Service (GDS) and Total Debt Service (TDS). Gross Debt Service refers to the percentage of the borrowers income that is required to pay monthly housing costs such as mortgage payments, property taxes, heating, strata fee’s (if they apply), etc. Total Debt Service is the percentage of a borrower’s income that is required to pay housing costs (GDS) plus all other debt obligations, such as credit card payments, car payments, line of credit payments, etc. Lenders will also look at the borrowers overall payment history in order to properly appraise a borrowers capability to repay a loan.

Capital

Commonly referred to as a down payment, capital recognizes a borrower’s total investment in a property. Lenders want to have a sense of how invested in a property a borrower is before they loan money. A Loan To Value (LTV) measurement is used to determine the percentage of the home cost that the borrower covers with their down payment and the amount the lending institution must put forward. For example if a borrower needs $95,000 to purchase a $100,000 property, the LTV would be 95%.

Foreclosure

 

In my practice I have unfortunately encountered many situations when clients are facing Foreclosure or Power of Sale of the property. I successfully helped clients to stave off the foreclosure or Power of Sale proceedings.

This should not be confused with urging clients to sell their properties quickly, before it will be sold for them. Frequently you will find advertisement postings on Craigslist and Kajiji by real-estate agents trying to attract clients, who are in financial trouble and are facing the sale of their home.

What does “Stop Power of Sale” really mean when used in advertisements on platforms such as Craigslist and Kajiji?