Home Equity: what it is, how to build it, and how do I use it

Home equity is like a hidden treasure chest within your home, representing the portion of your property that you truly own. It’s the difference between your home’s market value and the outstanding balance on your mortgage. Essentially, if your home is worth more than what you owe, the difference is your equity. This resource not only signifies financial stability but can also serve as a powerful tool for future investments.

Building home equity is a gradual process that can be accomplished in several ways. One of the most straightforward strategies is to pay down your mortgage. Each monthly payment reduces your loan balance, thereby increasing your equity. Additionally, making extra payments, especially on the principal, can significantly accelerate...

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Pros and cons of living in a strata

Living in a strata can be a unique experience that blends convenience with a sense of community. This lifestyle choice presents its own set of advantages and challenges, making it essential to weigh the pros and cons carefully before diving in.

One of the primary advantages of strata living is the sense of community it fosters. Residents often find themselves surrounded by neighbors who share similar interests and lifestyles, creating opportunities for social interaction. Strata living can offer a more vibrant atmosphere, where communal events, shared spaces, and friendly gatherings are common, making it easier to forge lasting relationships.

Another significant benefit is the level of maintenance and management provided. Many strata properties...

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Ways to lower your heating bill this winter

There's nothing like coming home to a warm, cozy house on a cold and windy day. And while you may not be able to escape the frigid temperatures this winter, you can skirt around expensive heating bills and maximize your comfort levels with these tips.

Service your furnace

Your furnace is one of the biggest long-term investment pieces in your home. While hiring someone to come to clean and service your furnace may seem like an added expense, ensuring your furnace and heating system is running smoothly and efficiently will save you a lot of money in the long run.

An average gas furnace tune-up will set you back $150 to $300. If your furnace unit has any damaged components or needs additional cleaning, the cost will vary depending on the size and brand...

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Stay or Move? 5 Questions to Help You Decide

It can be tough to make the decision to sell. In fact, for many homeowners, it can be overwhelming. If you’re considering making a move and struggling with the decision, here are five helpful questions to ask yourself:

1. What is your practical reason for selling?

This question refers to what you’ll get by moving to a new home. The reasons could include a bigger backyard, a shorter commute to work, an extra bedroom, a more desirable neighbourhood, etc. Maybe bullet point what you’ll gain against what you’d lose by moving home.

2. What are your emotional reasons for selling?

This question refers to how you’ll feel about living in a new home. For example, you might feel safer, less cramped, less worried about your kids because the local schools are...

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Preparing Your Home for the Winter in BC

Winter in British Columbia is a beautiful and magical time, but it can also be harsh on your home if not properly prepared. The chilly temperatures, snowfall, and icy conditions can take a toll on your property if you're not proactive. That's why we've put together this handy guide to help you get your home winter-ready in BC.

1. Seal the Leaks: Keep the cold air out and the warm air in by sealing any leaks. Check windows and doors for drafts and use weatherstripping or caulk to seal any gaps. Don't forget to insulate your attic, walls, and floors to prevent heat loss and reduce energy bills.

2. Clean and Inspect Your Gutters: Before the heavy snowfall begins, make sure your gutters are clean and clear of any debris. This will prevent ice dams...

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