Tag Archives: realty

Fashion

Slam Dunk- Kareem Abdul-Jabbar’s Marina Del Rey Home For Sale

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Considered by many to be the greatest basketball player of all time,  Kareem Abdul-Jabbar was chosen as the NBA’s most valuable player six times and an NBA All-Star nineteen times during his storied twenty-season career for the Milwaukee Bucks and the Los Angeles Lakers. Famous for his dunking skills, he was so dominant on the UCLA Bruins varsity squad that the NCAA banned the dunk after the 7’2″ superstar led his team to a 30-0 season and the first of three college national championships. He would go on to be the #1 pick in the NBA draft in 1969 and was named the league’s Rookie of the Year. He would win five more MVP awards before becoming an assistant coach for several teams, including the Los Angeles Clippers and the Lakers.

In addition, he has made numerous appearances in film and television and published several best-selling books. 

photos- Noel Kleinman.

Now the swanky Marina del Rey pad Abdul-Jabber called home from 2011 to 2021 has hit the market. Across the street from the Ritz Carlton and the California Yacht Club, the luxe but laid back four-bedroom, three-bath residence is one of just twelve homes in an exclusive gated community. 

Kareem’s former home was thoughtfully designed for its very tall owner, featuring enlarged doorways and other modifications.

An airy open-floor plan connects the large living room and formal dining room area with a stellar kitchen, complete with granite counters, a spacious island, custom cabinets, and stainless steel appliances. Sliding doors open onto a side garden patio. 

On the second level, find hardwood floors and a stunning primary suite with a fireplace, a massive walk-in closet, and a fantastic private balcony with views of the nearby marina. The luxurious spa-inspired bathroom includes dual vanities plus a separate Jacuzzi spa tub and steam shower. A third floor offers an additional bedroom perfect for a home office, with another patio offering views of the Ritz Carlton and the marina. An oversized garage offers space for two cars and four additional outdoor parking spaces. Additional features include a whole-house water filtration system, automatic lighting, and a monitored/remote-access camera security system.

Marina del Rey is a coastal community noted for its small-craft harbor, one of the largest in North America with over 5,000 boats.

A destination for kayaking, bird-watching, and recreation of all kinds, the harbor is often visited by harbor seals, sea lions, and dolphins. The home is just steps from the harbor and the Marvin Braude bike path. A short walk takes you to Trader Joe’s, the unique shops of Abbot Kinney and several world-class restaurants. Rapper Ice Cube has a home in Marina del Rey, while other celebrities keep their luxury yachts in the local harbor and frequent its shopping and dining hotspots.  For The Silo, Bob Walsh/ friends at toptenrealestatedeals.com

The listing is held by James Allen at Compass. 

Fashion

North America’s Most Famous Photographer Lists California Hideaway

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via our friends at toptenrealestatedeals.com.

Annie Leibovitz’s Picture-Perfect California Hideaway Is For Sale

Annie Leibovitz – Self-portrait, c.1990. Auction passed via Galerie Bassenge (Dec 2010).

North America’s most famous living photographer, Annie Leibovitz, had quite the surprise when she bought her 65-acre home and farm in 2019 and learned that North America’s most famous photographer of the 20th century, Ansel Adams, had photographed one of the farm’s barns a century ago. It was the perfect metaphor for her purchase of The Hideaway in Bolinas, California.

Annie Leibovitz – Queen Elizabeth II. Sold for $27,500 usd/ $37,600 cad via Phillips (April 2012).

Leibovitz is renowned for her intimate portraits of celebrities for Rolling Stone, Vanity Fair, and Vogue. She did Mick Jagger, Adele, Linda Ronstadt, Queen Elizabeth II, Bruce Springsteen, The Blues Brothers, and the Barack Obama family.

Her snapshot of John Lennon wrapped around Yoko Ono, taken just a few hours before his death, is one of Rolling Stone’s most famous cover images. And her photos of then 15 year old Miley Cyrus sparked controversy and marked a turning point in the young singer’s career.

Leo DiCaprio with Swan 1997 by Annie Leibovitz

Declared a Living Legend by the Library of Congress, Annie is the first woman to have a feature exhibition at Washington’s National Portrait Gallery. Born in Connecticut and based in New York, the self-described “California Person” purchased a 65-acre home and farm, known as The Hideaway, in Bolinas, California in 2019, hoping to spend more time on the West Coast, where she had majored in photography at the San Francisco Art Institute. But with her three young adult children on the East Coast, Annie has decided to list the property for sale at $8.9 million usd/ $12.8 million cad.

With her new property dating back to the 1800s, Leibovitz spent over $2 million usd/ $ 2,736,000 cad on improvements, which included several structures: a home with four bedrooms, a guest house, a caretaker’s residence, and a converted garage.

The original, vintage rotary dial phone was retained in the renovation.

A previous owner, Hardly Strictly Blue Grass founder Warren Hellman, added a recording studio and a performance venue with a banquet hall to the property.

An equestrian’s dream, the complex has impressive horse facilities, including a 100′ x 200’ all-weather riding arena and a top-of-the-line, seven-stall barn with exposed beams and an attached office. Spectacular rolling hills and verdant pastures provide fodder for horses, cattle, or other livestock.

Last but definitely not least: gorgeous views of Bolinas Lagoon, Stinson Beach, Mount Tamalpais, the Pacific Ocean, San Francisco, and the surrounding countryside add even more allure to the picture.

What might be described as the perfect California location on Bolinas Bay, Bolinas has a small-town atmosphere but is only an hour’s drive north to San Francisco. Known for its reclusive residents, Bolinas is only accessible via unmarked roads. The Hideaway is close to bird and seal sanctuaries, botanical gardens, great spots for kayaking and surfing, and the charming Bolinas and Stinson Beach towns. Almare Falls, one of only two beach waterfalls in the continental United States, is accessible via the California Coastal Trail. Other celebrities hiding away in this uniquely beautiful, secluded area include director Joel Coen, actress Frances McDormand, chef and restaurateur Alice Waters, and Third-Eye Blind frontman Stephan Jenkins.

The listing is held by Alexander Fromm Lurie at Compass. Photo credit: Jacob Elliott, courtesy of Compass.

Culture

Florida Pirate Island Hideaway Now For Sale

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This feature via our friends at toptenrealestatedeals.com

Black Sam Bellamy was one of the most notorious and wealthiest pirates of the Golden Age of Piracy in the early nineteenth century. In his short pirate career, he captured fifty-three ships, including the English slave ship Whydah Gally, which he used as his flagship.

The famous pirate’s island hideaway, now a stunning resort property, has been listed for sale at $50 million usd. Black’s Island is a seven-acre gem off the coast of the Florida Panhandle, sporting a four-star resort with twenty-six waterfront bungalows. Accessible only by boat, seaplane or helicopter, the white-sand island is about ten minutes from the mainland, offering a spectacular Caribbean adventure without leaving the United States.

The property can be operated commercially or retained as a family compound.

Born in Devon, England, he sailed with the Royal Navy before joining a crew of treasure hunters who turned to piracy when their mission to find a Spanish shipwreck failed. Bellamy served initially under Captain Benjamin Hornigold and his first mate, Edward Teach, later known as Blackbeard. When the crew became frustrated with Hornigold’s refusal to attack English ships, they mutinied and elected Bellamy as their captain instead.  He was generous with those he raided and loved by his crew, who called themselves “Robin Hood’s Men.” This “Robin Hood of the Sea” or “Prince of Pirates” developed a distinctive style, favoring long black coats and forgoing the then-fashionable powdered wig for a dark ponytail tied with a black satin bow.

His favorite weapons were four dueling pistols carried in his sash.

The pirate prince’s reign ended when a nor’easter storm capsized his ships, drowning the captain and most of his crew. The wreckage of the Whydah Gally was discovered in 1982, yielding over 200,000 artifacts, including a cannon loaded with gold and precious stones. 

1982 discovery of Black Sam’s booty made headlines worldwide. image: Irish Sun

The fully furnished bungalows come in one- and two-story models, 1,225 and 1,425 square feet respectively. Each unit includes two bedrooms, a loft bedroom area, two full bathrooms, a spacious kitchen with an island and top-notch appliances, a living room, a dining area, a laundry room and a balcony, while the two-story bungalows have an additional half bathroom. Boasting a classic look with blonde wood walls and grey stone floors, the bungalows were recently remodeled. A round floorplan offers 360-degree views of the gorgeous island from sunrise to sunset. 

In addition to the bungalows, the resort includes a four-story luxury clubhouse, a cabana with bar, beach volleyball courts, and a forty-by-sixteen-foot swimming pool. The island is in the middle of a marine estuary, offering sparkling clear water and numerous opportunities for bird-watching and duck hunting, plus kayaking, paddle boarding, jet skiing and relaxing on the beach. 

Private islands are all the rage among celebrities and the world’s elite. Beyonce and Jay Z are said to own two private islands in Florida, with Leonardo DiCaprio, Eddie Murphy, David Copperfield, and Mel Gibson just a few of the A-listers with private islands outside the USA. 

The listing is held by Jon Kohler of Jon Kohler & Associates. Photo credit: Jon Kohler & Associates.

Vintage

Freddie Mercury’s London Home Offered For Sale

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One of the greatest rock frontmen of all time, Queen’s Freddie Mercury was famous for his theatrical style and four octave vocal range.

Born Farrokh Bulsara in Zanzibar, he fled to England with his family in the wake of the Zanzibar Revolution, in which many Arabs and South Asians were massacred. Settling near London, he studied graphic art and design (which he would later use to design Queen’s logo) and sold second-hand clothes with future Queen drummer Roger Taylor at the Kensington Market.

Garden Lodge- Trees in bloom

He fronted a series of bands, but his career really took off in 1973, when he joined with Taylor, guitarist Brian May, and bassist John Deacon to produce Queen’s first self-titled album. He would perform over 700 shows with the band, thrilling sold-out stadiums with his unique style and strong connection to his audience. He died of AIDS in 1991, but his music lives on, with Queen’s Greatest Hits the best-selling album of all time in the UK, and two of his songs “We Are The Champions” and “Bohemian Rhapsody” voted best songs of all time in major polls, and his induction into the Grammy Hall of Fame. 

Mercury left his Kensington home to his former partner and longtime friend Mary Austin.

Garden Lodge- Dining Room.

Though he would pursue romantic relationships with men, he considered Mary the love of his life and common-law wife. Garden Lodge is a stunning Neo-Georgian mansion which served as Mercury’s “country house in London”, a sanctuary from his high-intensity life on tour. Meticulously preserved for thirty years by Austin, this time capsule of music history is offered for sale for the first time since Mercury’s purchase in 1980, accepting offers in excess of £30m ($38m usd/ $51.7m cad). 

Freddie’s grand piano which once lived at Garden Lodge sold via Sotheby’s Auction for $2.2m USD/ $2.96m CAD.

Garden Lodge’s centerpiece is a two-story drawing room, which once housed the grand piano on which Mercury composed his signature hit, “Bohemian Rhapsody.” French doors lead from the Japanese sitting room to the beautiful gardens. Every room of the house is infused with Mercury’s vibrant personality, with design choices made personally by the artist, including citrus-toned yellow walls in the intimate dining room, and floor-to-ceiling mirrors in the lavish dressing room that once housed his extensive collection of stage costumes. Surrounded by stone walls, the chance to own this unique cultural landmark is a once-in-a-lifetime opportunity. 

Garden Lodge- A view from the hall looking towards the famous ‘Green Door’.

According to Austin, “This house has been the most glorious memory box, because it has such love and warmth in every room. Ever since Freddie and I stepped through the fabled green door, it has been a place of peace, a true artist’s house, and now is the time to entrust that sense of peace to the next person.”

Freddie- at home in Garden Lodge and in bed eating a meal that needed a peppermill close by.

Kensington is an upscale London neighborhood known for its stately Victorian homes. Nearby options for entertainment include the Natural History Museum, the Design Museum, Kensington Palace, and Kensington Gardens. The chic boutiques on Kensington High Street and star-studded concerts at Royal Albert Hall are both within walking distance. Popular with celebrities, the neighborhood’s notable residents include Eric Clapton, Stella McCartney, Rowan Atkinson, and Dido. For the Silo, Bob Walsh/toptenrealestatedeals

The listing is held by Knight Frank. Photos of Garden Lodge courtesy Knight Frank.

Culture

Sir Elton John Lists Atlanta Condo

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I bet you did not know these facts from our friends at toptenrealestatedeals.com : British singer-pianist-composer Elton John is the most successful solo artist in the history of the Billboard charts, with more than 50 number-one hits, seven number-one albums, and over 300 million in record sales. 

He has received two Oscars, a Tony, a star on the Hollywood Walk of Fame, induction into the Rock and Roll Hall of Fame, and a knighthood from Queen Elizabeth II. The revered artist has recently completed his final tour, Farewell Yellow Brick Road, which became the highest-grossing concert series of all time.

Now moving permanently to his Windsor, England estate, he is offering the Atlanta condo that has been his US base for thirty years for sale at $4,995,000 usd / $6,744,249 cad.



John originally purchased a duplex on the 36th floor of the luxurious Park Place high-rise tower in Atlanta’s Buckhead neighborhood for $925,000 usd/ $1,248,935 cad, then added five neighboring units over the years to construct his 13,300 square-foot, four-bed, seven-bath residence spanning two floors.

The meticulously designed home features stunning wood walls, floor-to-ceiling windows, and 360 degrees of city skyline and western canopy views. 

Finance

When To Accept First Offer On Your House: Insights From Denis Smykalov

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When selling a house, one of the most challenging decisions is determining whether to accept the first offer and move on or wait for a better one to come along. According to Denis Smykalov, founder and broker of Wolsen Real Estate, there are several factors to consider when deciding whether to accept the first offer.

Mr. Smykalov believes that the quality of the offer goes beyond the price tag.

Denis Smykalov

A strong offer could entail fewer contingencies or a flexible closing date. If a buyer is pre-approved for a mortgage and is not asking for many contingencies, it may be in the seller’s best interest to accept the initial offer.

The current real estate market can also play a significant role in deciding whether to accept the first offer. It may be wise to accept a reasonable offer in a buyer’s market to avoid the property staying on the market for an extended period. On the other hand, in a seller’s market, where demand outpaces supply, sellers may receive offers that meet or exceed the asking price. If the buyer has strong financing, it could be a good idea to accept the first offer.

Speed is also a significant factor in determining whether to accept a first offer.

If the seller needs to move quickly or has already purchased another home, accepting the first offer might be the best option. In these cases, a bird in the hand is often worth two in the bush.

Feedback from a real estate agent is also essential in making a decision. A good agent understands the market and can advise whether the initial offer is competitive based on the current conditions.

Lastly, if the seller believes they have priced their home correctly and the first offer aligns with their expectations, it may be a good idea to accept it. Ultimately, only the seller can determine what offer price they are comfortable with. If the first offer meets that threshold, it could be a good time to make a deal.

It is essential to remember that each selling situation is unique, and these guidelines only provide a starting point. Sellers should always consult a real estate professional who understands their specific situation and the local market conditions.

In conclusion, accepting the first offer is a decision that requires careful consideration.

Denis Smykalov’s insights provide valuable guidance in determining whether the initial offer is the best option. With extensive experience in the industry, Mr. Smykalov’s expertise can help sellers make informed decisions when it comes to selling their home. For the Silo, Katherine Fleischman.

More about Denis:

Denis Smykalov built his career in the real estate industry over the last nine years by following his passion for being innovative, people and bringing the two together in the ideal environment. Achieving this goal so young, Smykalov decided to open an office in Sunny Isles Beach and became the owner of Wolsen Real Estate.

With business on the rise, at one point there were 65 agents. Now there are 25 agents, a marketing department, social media department sales department and 3 assistants that have successfully helped bring in almost 80 million dollars in sales this year. His most notable accomplishments with Wolsen Real Estate were two crypto transactions. One was a resale at Marina Blue for $465,000, pre-construction at Waldorf Astoria for over $2.5 million as well as a villa sale on Hibiscus Island for $19 million.

Finance

Even Tropical Realty “Feeling The Pinch” As Bahamas Island Lists Without Reserve

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A Bahamas Island You Can Own! (Maybe)

If you want to live like Nicolas Cage, David Copperfield, Johnny Depp, Faith Hill and Tim McGraw, who own islands in the Bahamas, the 721-acre Little Ragged Island is going to auction.

Little Ragged Island, also known as St. Andrews, is currently listed at $14.5 million USD or $18.8 million CAD. This pristine island is located on the southernmost part of the Bahamas with miles of sandy beach and the Bahamas’ calm, blue waters. The property will sell with “no reserve” to the highest bidder regardless of price.

According to the listing from Sotheby’s Concierge Auctions, “St. Andrew’s offers a blank canvas of rolling hills and calm warm waters awaiting boundless opportunities for development.

Be it a picturesque residential settlement, an expansive tropical estate with miles of private beaches to wander, or a boutique resort with more than enough acreage left to add an entire 18-hole golf course. Surrounded by azure ocean waters and fringed with pristine white sand beaches, elevations vary from sea level to a hilly 40 feet (12.2 meters).”

The auction runs from July 25th to July 29th at Sotheby’s casothebys.com website. Buyers can bid remotely from almost anywhere in the world. From our friends at toptenrealestatedeals.com.

Finance

Should You Take Out a Second Mortgage?

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With housing prices cooling off a bit but still generally soaring in cities across Canada, many homeowners are asking themselves how they can cash in on the market without actually having to sell their property. For many, a second mortgage will be the ideal way to do so.  

Second mortgages are one of the perfect mortgage solutions for homeowners who want to tap into their home equity to get lump-sum cash payments at low rates of interest. If you want to know if a second mortgage is right for you, here are three questions you should ask yourself. 

1. How Much Home Equity Do I Have? 

Before you start approaching mortgage brokers about a second mortgage, it’s a good idea to do some calculations around home equity, as the amount of money available to you through a second mortgage is determined by how much home equity you have.  

Fortunately, home equity is easy to calculate: simply subtract your existing mortgage from the current market value of your property. The difference is your home equity — the amount of your home value that you own outright.  

If you don’t know how much your home is worth, you can use a free calculator like this one to get a general estimate based on the going rate for properties in your neighbourhood. 

2. Should I Get a Home Equity Loan or Refinance? 

Generally speaking, there are two ways a homeowner can cash out a percentage of their equity: through refinancing or through a second mortgage. Both can be good ways to unlock capital, but which option you go for will depend in part on your financial situation. 

  • Refinancing: When you refinance your home, you replace an existing mortgage loan with a new mortgage loan. This new loan can be negotiated to include a cash payout based on your home equity, and while cashing out will likely extend the time it takes to pay off your mortgage, you will still only be dealing with a single mortgage loan.  
  • Second Mortgage: A second mortgage is an additional mortgage loan taken on against your home equity. Because it is an additional loan, it will usually come at a higher interest rate. 

In Canada, most mortgages are refinanced every five years, but they can also be refinanced more frequently. But if you already have a low interest rate on your existing mortgage and rates are increasing, a second mortgage may be the cheapest way to turn equity into cash. 

3. Will this Loan Save Me Money? 

A second mortgage can be a powerful financial tool, but it isn’t free money: you will still need to pay it back with interest, so you should be careful about how you use it.  

Taking out a second mortgage to consolidate debt, or to build an addition on your house, are smart investments because they put your money to work by reducing your interest payments or enhancing the value of your property. This puts you in a better financial position than you would have been if you didn’t borrow the money.  

Doing a cost/benefit analysis and working out how much money borrowing against home equity will save you is the key to making a strategic decision. 

Given how much real estate values have gone up over the past few years, figuring out how you can use your newfound wealth to improve your financial situation is essential for good money management. If you want to know more about whether a second mortgage is right for you, get in touch with a local mortgage broker to explore interest rates and options.  

Feautured image: Precondo CA Via Unsplash/ Silo Content Production

Culture

NORTH AMERICAS MOST EXPENSIVE HOME FOR SALE

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The One 1.jpg

Once projected to list for $500 million USD, this LA home is for sale at a still staggering $295 million USD.

“America’s Most Expensive Home – Twice As Big as the White House”

One of the world’s most expensive homes, appropriately named “The One,” has just hit the market. Construction ran several years late causing financial issues for the developer. If The One sells anywhere near the $295 million USD ask, it would be the most expensive home ever sold in California, well over the $177 million USD that venture-capitalist Marc Andreessen paid for his Malibu mansion in 2021 and the $165 million USD that Amazon CEO Jeff Bezos paid in 2020 for his Beverly Hills estate.

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Perched on a promontory with 360-degree panoramic views of the Pacific Ocean, downtown Los Angeles and the San Gabriel Mountains, the Bel Air mansion is surrounded on three sides by a moat and measures in at a mind-boggling 105,000 square feet – almost twice as big as the White House. Located on 3.8 acres, the house, which was actually raised during construction to further optimize the views, includes 21 bedrooms and 49 baths.

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Highlights of The One include five outdoor and indoor swimming pools with the moat encircling three quarters of the exterior, a massive nightclub, full-service beauty salon, wellness spa, 10,000-square-foot sky deck, 400-foot private outdoor running track with a glass-walled view of the city, and a private theater with seating for over 40.

In addition to ownership of one of the world’s most spectacular homes, the property also includes butterfly artwork by Stephen Wilson, an Oto Murano chandelier by Vistosi, a rotating statue by Mike Fields, and a glass sculpture by Italian artist Simone Cenedese. There is also a two-story library/office with a balcony and water features touching three windowed walls, and parquet flooring. Add in a custom bar with a smoked-mirror backsplash and marble countertops, a cigar lounge,  four-lane bowling alley, putting green, wellness center, gym, a 64-foot (19.5 Meter) indoor pool with juice bar, tennis court, 10,000-bottle wine cellar, and a 30-plus car garage with two car-display turntables.

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Entertaining in such unique luxury might draw some interesting Bel Air neighbors such as Jennifer Lawrence, who moved there last year, Justin Bieber, Taylor Swift, Liam Hemsworth, Miley Cyrus and Kylie Jenner to name just a few.

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The property is listed by Aaron Kirman of Compass, Beverly Hills and Branden and Rayni Williams of The Beverly Hills Estates, Beverly Hills, and will go to Concierge Auctions, which if not sold prior, will be held online on February 28th. For The Silo, Terry Walsh/Top Ten Real Estate Deals.com.

Culture

5 Home Renos That Add The Most Home Value

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Whether you wish to improve your living space or you are going to sell your home, a home renovation will add instant value to your property. 

Many home buyers are looking for homes that are ‘move in ready’ and don’t require much or any work prior to moving in. Because of this desirability, many homeowners are deciding to make upgrades to their home to increase the resale value. If you have a number of projects in mind that are on your ‘wish list’, but aren’t sure which one to start with, you might find these suggestions helpful. 

  1. Kitchen Remodel – This is probably the biggest project that you will undergo, but the one that has the most impact. The kitchen is the most used room in a house and the central hub for most activities. Thus, it makes sense to have a kitchen that is both functional and attractive. If the cabinets are old looking and the countertops are in poor condition, it is hard to overlook. For some, a major renovation might be out of reach, but there are smaller scale options that will also work to spruce up the appearance. You can add a fresh coat of paint or even just reface the cabinetry with new wood panels and hardware. Overall, you can likely recoup 60% to 80% of the cost of the kitchen remodel. 
     
  1. Garage Door Replacement – A garage door makes a great design element to your home as it is one of the first things people see when they come to your home. Although it doesn’t always top the list of most popular projects, it should not be overlooked in terms of overall home value and curb appeal. Over 80% of Realtors believe a new garage door can impact home value – all the more reason to take on this project. 
     
  1. Fiberglass Entry Door Replacement – Nothing makes a more impactful statement than the attractiveness of your front door. Replacing the standard fiberglass entry door to something more stylized to your home will add to the ‘first impression’ element of your home. There are many attractive alternatives for a front door and finding a suitable design that goes with the home will add value straight away without having to undergo a major renovation. According to a recent study, replacing your front door has an average ROI of 75%.   
     
  1. Window Replacement – Having old windows with cracked or chipped frames greatly affects the look of your home. Potential buyers will notice them and so do appraisers. If you’ve got questions about buying new windows, get the answer from a reputable company before you buy. Replacing the windows in your home can add thousands of dollars to its market value, and with an average  ROI of up to 85%, so it makes sense to consider it as a priority upgrade option, especially if you are planning on selling in the near future.  
     
  1. Deck Addition – A wood deck addition falls on the inexpensive side of remodeling projects, but it’s one of the more valuable. In fact, some experts claim that installing a deck can increase the value of your home significantly more than if you were to add another bathroom or living room at a fraction of the cost. The overall cost of installing a deck will largely depend on the size of the deck and material you use. However, most homeowners will recoup nearly 70% of the build cost after they have sold their home.  

If you want to take on any of these home improvement projects, but don’t have the immediate cash on hand to make them a reality, then a home improvement loan might be something to consider.  

3 Best Steps To Find The Best Home Renovation Contractor For Your House | listofinformation

What is a home improvement loan? 

A home improvement loan can be a home equity loan, a HELOC loan, or any loan using home equity used for home improvement purposes. Borrowers will typically use these types of loans to access the capital they need to build on their investment. 

According to a recent study, the value of residential mortgage loans from alternative lenders is steadily growing. Canadians are choosing to opt-out of traditional lenders’ extended waiting periods and paperwork and are finding that working with a mortgage broker is an easier, more streamlined process that saves time, effort and money. If you are a homeowner considering a renovation to your home, a reputable broker such as Burke Financial can help you with every stage of the process.  

Sci-Tech

Best Technology For Professional Home Inspections

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A good residence isn’t dependent on mere infrastructure. There are lots of things to take into consideration. Even the neighborhood is an essential component in deeming an area suitable for life. Therefore, one should think carefully before choosing a house in a particular region. 

Regardless of the other factors, every house always requires a thorough check before somebody decides to move in. This check includes all key aspects, including the rooms, yard, and drainage systems. For sewerage checking and repairs, ReliableDP may be the best option. Although working in limited areas, their extraordinary team provides satisfactory services without having to leave your house.

House inspection is a necessary process. It is a standard procedure worldwide to check the house for all faults beforehand. But during this unfortunate situation of the global pandemic, people cannot inspect new residences for themselves. But technology and the internet have been helpful in this regard as well. Here is the best-specialized software at your expense for those looking to check a house without risking their health. 

1. HomeGauge

This website provides one of the fastest and best inspection services in the country. Thousands of professional inspectors are available on the site who can check properties on demand. The software works with both home and commercial properties, and there are dedicated employees for both types of housing. HomeGauge has reviews from thousands of happy customers who recommend the software to other people because of its quality of service. 

A user can find an inspector on the site who will check the land on their demand. Whatever aspects the user wants to review, the inspector will look over them. They will then report back to them using a printed report or sending it online. The information can be in the form of video, document, customizable template, and other intuitive options. It is available for many devices, and users can access it for free or pay for the complete package. 

2. Spectora

As powerful as its name, Spectora is a marvelous software that allows property inspection. Working on the same principles as the other software in the market, Spectora stands out because of its easy interface and quick navigation. Users save time and have the opportunity to explore the website and software in depth. 

Spectora is a software best suitable for small-scale to medium-sized businesses. For those that require a simple but professional inspection report, this software is a great choice. While it provides numerous benefits to people in dire need of an inspector for their property, it is also available on other mobile platforms. Spectra offers a free trial until five professional inspections. Their subscription package starts from $99 per month, which only includes the software. The bundle package contains more features but is more expensive than the primary option. 

3. EZ Home Inspection Software

This software is excellent to use. It provides lots of different features for a single purpose. It allows users to write detailed reports with minimal effort. While they may be easy to write, users can highlight their areas of interest with different colors. They can also create different sections, so every inspector knows which aspect to examine. 

Also, the software provides photo attachments, commenting, and template services. Users can also create a precise summary from their report to send to their client. The software is available in different packages, and a trial of 30 is also a viable option for those in urgent need. For people looking to send a quick analysis of their observations, this software might do the job perfectly. 

4. Property Inspect

Another great option for inspection and reporting is Property Inspect that is more advanced than other software. It provides as many features as the different software on this list, but it is ranked relatively low due to its sophisticated layout and employment range. Nevertheless, it is an excellent piece of technology that users can employ for checking on their necessary properties. 

Property Inspect is the software of choice for real estate agents, property managers, universities, commercial inspectors, and many other people. It provides loads of features, ranging from offline report management to custom templates. It also offers standard audio communication, an ordinary dictionary, and many other engaging intuitive. The company offers different plans for usage, with a free trial option for 14 days.

5. Horizon Software

This software comes from a person who has been in the field for almost 44 years. Carson Dunlop created this website where people could find inspecting officers for commercial buildings and warehouses. These professionals can perform their duty very well, and the methods to report back to their clients are pretty remarkable. It also provides scheduling so that one can send their officer at the time of their requirement. 

Horizon Software is also available on all major mobile devices. One of Carson Dunlop’s project’s best features is that it also provides support and training in inspection to those looking for skill. Web hosting and archiving are also available on their website. Users can try it for free for a limited time. After that time, they’ll have to pay at least $67 a month to keep it. 

Choosing one of these technological inspecting prospects can save a lot of your time. They work effectively and have excellent reviews from satisfied customers online. While some are available for free, others might offer a premium package for more services, but that’s up to you depending upon your needs. 

Sci-Tech

Technology Brings Exciting Change to Home Improvements

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Technology has revolutionized our modern life by leaps and bound. It has radically changed every aspect of our life, especially the home improvement sector. The home improvement industry is adopting advanced technologies to add new features and make them available to mass people. 

Techniques that were triumphant a few years back are no longer available now. With the advancement in technology, both working processes and homeowners’ expectations have met a radical change. People can avail themselves of prompt and expert services without breaking their banks. 

Using cutting edge technology RF radio frequencies to gauge moisture levels in a home basement. image: pomwaterproffing

Reaching sustainable renovation and development has become more available nowadays. For example, pomwaterproofing.ca ensures cutting-edge technology-backed waterproofing services to their customers at a very affordable rate. No matter if you want exterior waterproofing or need immediate water discharging from weeping tiles, Pom Group is always there to serve you the best.

Technology is Changing Home Improvement Industry

Are you thinking about how the ever-advancing technology has brought about innovative changes in the home improvement sector? Let’s get an in-depth overview of various ways. 

Eco-friendly Environment

Ensuring eco-friendliness is the ‘hot cake’ of the modern world. Homeowners now want sustainable and eco-friendly home renovation ways. The evolving and new technologies have allowed them to go for eco-friendly ways to combat global warming and save mother nature. With the help of new technologies, manufacturers are now focusing on producing environment-safe materials.

Lounge chair made using reclaimed wood.

One surpassing development in this sector is reclaimed wood. It is not only environment friendly but also improves the home decor by offering a rustic look. Reclaimed furniture, green flooring, using solar panels are some of the cost-effective technology-driven innovative ways of renovating your home. They are energy-saving, as well as eco-friendly. 

Another renovating gift of advanced technology is a tankless water heater that can cut your energy consumption to almost half, reducing cost dramatically. It is durable, comes with a small form factor, and enables you to use it only when necessary. 

Easy Access to Professional Help

That time had passed away when people had to roam around different places and search for experts to take on their home improvement projects. With the blessings of technology, you can find hundreds of professional contractors near you only with a few clicks online! You can now judge their professionalism, get an idea about their services from the reviews and hire the best service at a price within your reach. 

Do not worry about reaching information about the service you want to purchase. Go through the website of a specific contractor, and you can know everything you need!

Want to know the best part of this technological feature? You are only shown the services available at your doorstep!

Augmented Reality

The virtual sector of availing of essential stuff is another blessing of modern technology, especially in the home renovation industry. Anything you want to make your home look the way you want is only some clicks away! The benefits of augmented reality and the virtual sector has made tons of things available to people at their doorstep. You can buy whatever you want from there to improve your home decor. 

Furthermore, you have tons of handly applications available online that offer you innovative designing features. So, before you decide on anything, you can have a better concept. With these apps, you can visualize how a design, for instance, flooring, windows, etc., would look and pick the best one to blend with your home aesthetic. 

Play it Smartly

Different technological inventions have made homeowners go for smarter ways of revolutionizing their life. People now have the command to control home appliances using mobile apps. These excellent features, no doubt, have taken the home improvement industry to the next level! With their internet-regulated mechanism, people can control temperature, security, lighting, etc., seamlessly. 

Besides, you can use energy star home appliances to minimize your energy consumption at a high rate. Thanks to their improved and highly-efficient motors, blades, etc., they need less energy to operate these appliances. So you save power and cut your energy cost. 

Home Entertainment

The ever-evolving technology has left no sector of modern life untouched. With its innovative inventions, it has made entertainment more available to mass people. Besides, it has revolutionized the entertainment sector also. With the blessings of modern technology, people can enjoy modern and easy ways of entertainment at home. Now, people do not have to wait for weekends to go to cinemas and spend quality time with their loving ones. With the advanced home-theater setup, they can enjoy fun times with their family at home whenever they desire! It does not only save your hard-earned money but also offers a way to mesmerize your visitors. Some of the easily reachable and affordable entertainment facilities modern technology offers are high-definition television, music, playing games, etc. 

Remote Technology for Better Safety

Many of the risky home improvement tasks are getting automated nowadays that were handled manually in the past. Thanks to the advanced inventions that have made our lives safer. Moreover, with remote technology, some risky tasks are controlled by a single person staying from a secure distance. Thus the chances of risks have decreased to a great extent.

Finance

Why You Should Fix Up Your Roof Before Selling Your Home

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If you’re planning on selling your home, you’re most likely overwhelmed with several different tasks around the house. Many homeowners will spend countless hours painting their walls, decluttering rooms and staging their homes before putting them on the market.

As important as these tasks are, they pale in comparison to the one thing that many homeowners fail to do: fix their roofs.

Although it may seem unnecessary, fixing your roof is an essential step for homeowners that want to make the most out of their properties.

Continue reading to learn more about why you should replace your roof before selling your home.

1 – Increase the Value of Your Home

Although it is a costly investment, a new roof can add a lot of value to a residential building.

Homebuyers are attracted to properties with new roofs. When they see a freshly installed roof, they get peace of mind because they know that they won’t have to replace it for several years.

The amount of value that a new roof adds depends on the materials that you use. If you are planning on replacing your roof, you should avoid using metal roofing. Although metal roofing can be attractive, many feel that traditional laminate shingles offer a larger return.

2 – Improved Curb Appeal

Anyone who has bought or sold a home knows how important curb appeal is. For those that don’t know, curb appeal is a term that signifies how attractive a building is from the outside. Homes that have a lot of curb appeal will get more attention from house hunters.

If you want your home to stand out from the local competition, you need to replace your roof as soon as possible. A fresh roof can be seen from down the street and gives any home a clean aesthetic. To get a better idea of how a new roof can improve a home’s curb appeal, be sure to scroll through websites like Metroroofing.ca.

3 – Prevent Future Issues

If you’re about to sell your home, you want to make sure that it is left in good condition for the next owner. Not only is this an act of common courtesy, but it also prevents you from being held responsible for issues that may occur in the future.

Disclosure is extremely important in the real estate world. Before selling your home, you’ll need to disclose any physical defects that you are aware of. Some examples of these issues include:

  • Pests
  • Leaks
  • Mold

To keep yourself (and the future homeowners) safe, you need to get your roof inspected by a professional. Roof inspectors are trained to identify minute issues that can’t be spotted by an inexperienced eye.

Even if you’re thankful for the roof over your head, you need to consider replacing it. This is especially true if you’re planning on selling your home in the near future. Not only can a new roof add value to your home, but it can also improve the overall curb appeal and prevent future issues.

Culture

Nashville Population Rise Sparks Demand for Condo Development

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Meg Epstein, founder of CA South Development and Condo Queen of Nashville, has funded over $200 million usd in the expansion of condo projects aimed towards bridging the gap of disproportionate construction of properties in Downtown Nashville.

According to the U.S Census Bureau, Nashville, Tennessee has witnessed a steady hike in population within the metro area as it’s averaging approximately 100 new residents per day. Forbes lists the city as the 7th on America’s Fastest Growing City List. The resulting and overwhelming demand for housing in the metro area has lead to an influx of rental properties, leaving a shortage of condos and townhomes despite an increasing demand for them. Another report projects the supply to increase but will still fall short of the overall demand within the city for 2018, consisting of only a two-month supply of condo units. 

Nashville Condo Shortage
GERMANTOWN WATERFRONT CONDOS, NASHVILLE, TN – IN PROGRESS. Boutique new construction development of 35 luxury, waterfront condos nestled between the historic neighborhood of Germantown and Downtown. River Tower offers a relaxed balance between the natural elements of the Cumberland River and the eclectic destinations, venues, restaurants and professional office spaces of downtown Nashville. Features will include spacious balconies that cantilever over the water, superior modern interior architecture and finishes, and Wolf-Subzero appliances.

Per Meg Epstein, founder of CA South Development, Nashville’s disproportionate emphasis on apartment construction is unsustainable. Even with the increased demand to build properties to accommodate the population increase, Epstein points out the issue of banks favoring apartment projects for construction instead of condos or townhomes.

“Banks favor apartment projects, since they don’t mind recouping their investment over a period of years,” said Epstein. “However, market trends indicate condos are a far better investment option.”

The Wall Street Journal reports that millennials have “flocked to downtowns to live closer to jobs, transit and urban amenities, and the National Realtors Association reports that millennials now represent 36% of recent homebuyers. The fact that 29% of Nashville’s population falls into the 20 to 39 age group may help to explain the rising demand for urban condos. Epstein anticipates a continued population surge in Nashville and believes residential development will remain a smart bet. PwC ranks Nashville #9 for “Overall Real Estate Prospects” and #5 for “Investment”, and Forbes lists it at #6 in its “Where to Invest in Housing in 2018” analysis.

Today, Epstein is in the process of constructing condo homes to not only correct the supply imbalance in the region but to serve the consumer needs of millennials.

Meg Epstein

In fact, one of Epstein’s projects, River Tower, a 35-unit development, emulates urban centers from all-across the United States with its modern design and proximity to the Cumberland River and Germantown, mirroring real-estate paradigms of Brooklyn, Boston and Tampa. Nashville’s “Condo Queen” is putting her ardent vision for Nashville’s condo market to the test as her decade of construction expertise is being applied to blossoming the city’s residential neighborhoods with the development of a mixed-use, retail and 312-unit condo development in Downtown and two mid-rise condo homes south of the Gulch and in range of 8th Avenue South.  For the Silo, Ashley Richardson. Featured image- mixed use condo living Downtwon. 77-Unit Condo building with retail below. Modern aesthetic appointments & amenities blend seamlessly with sustainable design elements to shine a light on the benefits of a home based in form & function. Delivery Fall 2019.

Culture

What Single People Need to Do Before Buying A Home

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The usual route to home ownership tends to start with meeting a special someone. When you’re a couple and you want to begin a life together, it makes more sense to get a new home for yourself. You may plan to get a roomier home for the two of you, and especially if kids are part of your plan in the foreseeable future.

What if you’re single? That doesn’t mean that you can’t get a house in Montreal, or a condo in NDG (Notre-Dame-de-Grâce) or anywhere else in Canada. Here are some tips that can help if you’re single and determined to buy your own home:

  1. Get your finances in order. This is the first and most important rule, as money will always be an issue for you especially since you don’t have a partner to share the expenses. It can be problematic to get a mortgage when you’re single since you’re less likely to repay a loan than two people together who both work for a living. So, pay off your credit card debts, raise your credit score, finish paying for your car, and have enough money to put down 20% of the house price as down payment.
  2. Have lots of money in the bank. What if you lose your job right after moving into your own home? You’ll need money for all your expenses while you search for a new job. You need some money in your bank account that’s equal to three to six times your monthly wages. Keep in mind that as a homeowner you have to pay for your home’s upkeep along with home insurance and property taxes. 
  3. Make sure to account for all your possible expenses. First-time owners are often unpleasantly surprised when they encounter expenses that they don’t normally deal with when they were apartment tenants. Home ownership can be very costly, especially when you have to remodel your home. It’s also difficult to estimate what you’d have to spend, especially when you have a backyard to maintain.
  4. See if a condo makes more sense for you. In general, a condo unit makes a lot more sense than an actual house if you’re still single. A condo will probably be located closer to where you work. It’ll also be located right in the middle of the city you’re in, so entertainment establishments are conveniently nearer. A condo building can have amenities that you’ll appreciate when they’re nearby, such as a gym or a salon. It also provides you with more social opportunities to meet new people so that you’re no longer single (if that’s what you want, of course).
  5. Be conscious about security. Security is another reason why condos work best for singles as they usually have guards in the lobby to keep out strangers. If you’re living in your own house, you may want to put in a strong lock on your doors and perhaps on your gate. You should make friends with your neighbours, who can call the police when they see strangers in your home when you’re not there. A security camera tied into your smartphone can help as well, though a dog can also be useful.
  6. Look for houses with a friend. Couples have the advantage of having someone to discuss their home options so that they’re more certain of their choices. If you’re looking for possible homes to buy, make sure you call a friend to come along. They can help you think logically so your emotions don’t get the best of you.

Of course, one “side effect” of having your own home when you’re single is that you generally become more attractive to potential partners. Just make sure you buy the right home when you can actually afford it, so you can actually enjoy your new status as a homeowner. For the Silo, Dimitry Karloff. 

Culture

Celebrity Homes: Casino King’s Las Vegas Mansion Going To Auction

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“Las Vegas Primm Ranch”…….Michael Jackson called it “Wonderland” and his daughter said it was “Candyland.” The 10-acre compound in a Las Vegas neighborhood of casino owners, entertainers and royalty (Wayne Newton lives nearby and the Sultan of Brunei was a neighbor) was designed to be a secure and safe haven for a family, a memorable experience for their guests and a place to safely enjoy their expensive hobbies. This was its appeal to Michael Jackson, who had sights on a Las Vegas residency show and, according to Las Vegas media, had toured the home several times. Jackson was planning on making an offer on the home when he returned from his “This Is It” London residency show scheduled to run through early 2010. However, Michael died just three weeks before the start of the tour.

Completed in 1994 for Nevada casino and resort developer Gary Primm, the compound was designed for luxury, but security was Primm’s biggest concern. Primm is a big-game hunter and car collector including the “Bonnie and Clyde Death Car” that he has displayed at several of his casinos. The home was completed soon after Las Vegas casino developer Steve Wynn’s daughter was kidnapped from the kitchen of their Las Vegas home. Primm was worried about the safety of his own two children and designed the home with a 10-foot wall surrounding the property and three gates that can be controlled by the owner, eliminating the need for round-the-clock guards who might be bought off by a rival. Throughout are security tunnels, bulletproof doors, secret rooms with entries disguised as walls or cabinets and a panic room with an oxygen supply and separate underground phone lines.

The Primm Ranch includes a main estate house with 15,000 square feet, a guest villa, grotto villa, staff quarters, horse trainer quarters, equestrian barn, arena, pens and pastures, a dog villa, grotto pool with spa, waterfall and slide, all surrounded by lush lawns and palms. There is also a garage/car showroom that will house 20 cars with its own gas station for diesel and unleaded fuels, a car wash with deionized water and mechanic’s lift. With a total living area of over 21,000 square feet, there are 10 bedrooms and 19 baths. Highlights include a beauty salon, trophy room with recorded animal sounds, driving range, 5,000-bottle wine cellar, theater, casino room, gym and sauna. The grounds include a greenhouse, outdoor kitchen adjacent to the pool with a bar and guest suite accessed under the waterfall, and a tennis court. Equestrian facilities include stalls for ten horses with training and riding areas. According to the estate’s listing agent, Jackson planned on converting the home’s underground shooting range into a recording studio.

Currently listed at $14.5 million USD, Primm Ranch will go up for auction on October 10th with no reserve. The auction company handling the sale is Concierge Auctions of New York City.

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