Archive for the ‘Condos’ Category

Space-saving Upgrades

Monday, November 13th, 2017

Giving a Smaller Home a More Roomy Feel

Smaller rooms can create a decorating challenge for homeowners. While some may be dealing with a space that is smaller overall – such as an condo or apartment – others may have just a couple of smaller rooms that look and feel cramped. While enlarging these rooms may not be an option, there may be a few upgrades to consider that can give these rooms a more spacious and open feel.

 

Light Paint Colours

Dark colours can add dramatic flair to a room, and they certainly will make a bold statement. However, they also can create the feeling that the room is smaller than it is. It is best to paint with light paint colours on the walls or even to choose a lighter colour for the ceiling. In addition to these colours, a lighter floor colour can also add the feeling of depth to the space. If the use of bolder, brighter hues is preferred, consider adding a pattern in combination with lighter colours to the ceiling. Another idea is to use stripes with alternating darker and lighter hues on the walls to create the illusion of space.

 

Shelving Installed Close to the Ceiling

Storage space is often a concern with smaller rooms, and cabinets and bookshelves can take up valuable floor space in any room. A smart idea for smaller rooms is to install shelving or even cabinetry closer to the ceiling. This can enable the space below it to be kept open or to be used for other purposes, such as for other furnishings that must be kept on the floor.

 

Recessed or Flush Lighting

Lighting is an important element in any room, and brighter lighting can make a space look larger in many situations. Darker shadows cast about a room can make the space feel closed off. More than that, overhead lights that hang down, such as pendants or chandeliers, can create a visual illusion that makes the room feel smaller than it is.

To achieve the goal of casting light throughout the room more evenly while removing these hanging light fixtures from the space, install recessed or flush lights into the ceiling. These can be combined with small table lamps if necessary to brighten up any areas that may still be dark or shadowy. Avoid tall, imposing lamps when decorating a smaller room.

Decorating a smaller room is rarely easy to do, and there are many things that homeowners can do when decorating that actually may make a smaller room appear to be even smaller. These are a few tips that can be followed to make the space appear to be more roomy and spacious, but there are also other ideas for decorating as well as built-in upgrades to consider. Ideally, the fully decorated room will be stylish and functional as well as appear to be spacious.

With proper research and planning, a homeowner can achieve the desired results. Be sure to continue to read my blog for more great ideas and insight on how to maximize your home. When looking to sell, trust me to get the job done.

Condo Space-Saving Tips

Tuesday, October 22nd, 2013

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The condo market is one of the busiest sectors of residential real estate in Calgary these days. More Calgarians are choosing to live in condos in downtown Calgary and surrounding areas because of lifestyle preferences. There has been an increase of young professionals who are making the decision to give up a larger home and more space in exchange to be in the hub of the city, close to their place of work, bars, restaurants and more…

For these residents it is important to maximize space in their apartments and condos. This is especially important for kitchens which have a tendency to be smaller in condos. Below you can find a few tips to help keep your condo kitchen tidy and prevent it from looking clustered:

1. Build up: Take advantage of the space that you have above your cupboards and shelves. Use items such pot racks and storage containers placed on top of your cupboards. This will help maintain your counter space and keep things looking clean.

2. Purge: Do you really need the blender, ice cream maker and deep fryer on your counter? We all probably have something in our kitchen that is no longer of use or needed all the time. Remove bulky items that take up counter space and tuck them away in your cupboard.

3. Utilizing Wall Space: Since you don’t have an excess of space it is important to fully utilize the walls surrounding your kitchen. Placing shelves and hooks will keep clutter such as dish towels away from hanging off your stove, counters etc. Your wall space can also be used to hang large mirrors which can create the illusion of making your kitchen look larger than it actually is.

Following these simple steps will allow you to enjoy your condo, even if it’s undersized, to its full potential .

Source: http://www.calgarysun.com/2013/10/17/space-saving-tips-for-city-dwellers

If you are in the market to downsize or are looking to avoid the crazy Calgary rental market, Contact Us today and we will have one of our Home Sweet Home Team condo specialists find you the condo of your dream.

On the other hand, if you are looking to sell your condo, it is currently a great time to consider doing so. The Calgary condo market is being pushed towards being a sellers market and prices are quickly on the rise. Please Click Here if you would like to have a Free Market Evaluation completed on your Calgary property.

It’s a Resale Sellers Condo Market in Calgary

Wednesday, May 15th, 2013

It’s a sellers’ market for resale condos in the city — the first time since the crazy days of 2007, says the Calgary Real Estate Board.

Resale condo apartments and townhomes are following the trend set by detached single-family resale homes, says the board.

Higher sales demand, coupled with lower listings, pushed the total resale market into sellers’ territory.

“Calgary’s housing market continues to defy national softening trends as gains in the employment sector, migrant growth, rising wages and low interest rates are translating into growing demand for housing,” says chief economist Ann-Marie Lurie of CREB.

While conditions favour sellers for the first time since 2007, the economy is much different today, says Lurie.

“The economy is nowhere near as strong as it was in 2007,” she says. “There is still a lot of risk in our economy. During that time (in 2007), both natural gas and oil was going very strong, which is not the case today.

“Back then, we had far greater employment growth and net migration numbers were much stronger.”

Net migration refers to the inflow of people to Calgary minus the outflow.

Another difference affecting the city’s resale market is the availability of dwellings in the new home market, as well as in the communities surrounding Calgary.

“At the time, it was even difficult to get anything in the surrounding areas,” says Lurie about the market in 2007.

“Their inventories were also quite low, as well as options in the new home market. They were going crazy as well, building as fast as they could.

“Now, there are still options. The City of Calgary market is tight, but you can still go into the surrounding towns and buy property. There are options in the competing markets.”

Because there are currently more options in the market compared to 2007, Lurie predicts prices will continue to rise, but not at the rate that they did then.

Average prices for condo apartments rose to $291,345 in April, up 8.74 per cent from $267,931 during the same month in 2012.

While the benchmark price of condo apartments has risen, it is still about 12 per cent off the peak benchmark price of $297,000 in August 2007.

New listings for new condos went up slightly to 3.19 per cent in April to 614, rising from 595 in April 2012.

But the number of new listings from Jan. 1 to the end of April dropped 7.68 per cent, to 2,079 from 2,252 listings.

Sales are moving more quickly than last year for condo apartments. In April, apartments sold in an average of 41 days, 18.62 per cent faster than the average of 50 days for the same month last year.

Sales from January to the end of April were similarly faster, with apartments selling in an average of 44 days, which was 13.73 per cent faster than 51 days during April 2012.

Townhomes experienced a 27.24 per cent rise in sales in April compared to last year, to 341 sales from 268. The transactions were 26.64 per cent faster in April than the year before, with homes selling in an average of 36 days compared to 49.

The average price of resale townhomes in April rose 5.15 per cent to $337,119 from $320,607 in April 2012. The benchmark price also rose by 4.52 per cent during this time to $288,900, up from $276,400.

The average price for townhouses from Jan. 1 to the end of April rose 8.75 per cent to $339,814, up from $312,478 during the same period in 2012.

April’s benchmark price of $288,900 for townhomes was about 12 per cent off the peak benchmark price of $338,000 in 2007.

The price is that of a typical home based on a formula that uses various factors to ensure accurate comparisons.

The benchmark price for detached single-family homes set a new high of $452,900 last month, up from the previous high of $451,300 in July 2007.

The benchmark price for apartment condos rose 7.35 per cent to $261,300 in April, up from $243,400 during the same time period.

Benchmark prices for detached single-family homes have also surpassed the past high-water mark from 2007.

They reached $452,900 in April, up from $451,300 in July 2007.

DID YOU KNOW

Most resale condo townhomes sold in Calgary from Jan. 1 to the end of April were priced from $200,000 to $299,999. About 42 per cent of sales were in this range, down slightly from 44 per pent during the same time period the year before. The next sales category, from $300,000 to $399,999, accounted for about 27.5 per cent of sales from the first four months of this year. For resale condo apartment sales during this time, about 19 per cent were less than $200,000, with 46 per cent ranging from $200,000 to $299,999 and about 22 per cent from $300,000 to $399,999.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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