of Lloydminster

Your Community Minded Realtors

Contact Us Anytime

Office: 780-808-2700
Toll Free: 866-666-2700
remaxlloydminster@gmail.com

RE/MAX Of Lloydminster
5726 - 44 Street
Lloydminster, AB
T9V 0B6

"each office independently owned and operated"

 

Ready to purchase your first or next home?  There are many compelling reasons to take advantage of the current low interest rate environment. At one point interest rates will be going up, and when they do everything from home repairs to monthly mortgage payments could be costing you more. At the moment, interest rates are still at historic lows, and now is the time to get into the real estate market!

 

Every dollar you save now is one less dollar you have to pay the bank - and one more dollar you have to invest. Over the life of the mortgage loan, the combined interest savings and extra investment income could mean tens of thousands of dollars in your portfolio.  These low interest rates have already lasted longer than usual, and they will not last forever.

 

 

Already Own Your Home?  

 

If you bought your home more than a few years ago, you could probably benefit from a refinance at today's low interest rates. With interest rates this low, you owe it to yourself to at least give refinancing a look. If you can refinance your mortgage and get a rate at least half a percent lower than what you are paying, chances are refinancing makes sense.

 

Refinancing your mortgage at the current low interest rates is also a great way to pay for needed home repairs. If your home needs work but you lack the funds to pay for it, refinancing your mortgage could allow you to take money out and tap the equity you have built up through the years. And since interest rates on home equity loans are generally lower than other types of loans, you will pay less interest as you get your home back in shape.


For all of your Real Estate buying and selling needs, contact us today!  

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If you're thinking of renovating your home, you're in good company. According to Toronto-based real estate consultants, Canadians spent a record $67.8 billion in home renovation in 2014 - an increase of 2.7% from 2013. While many homeowners are opting for major home alterations, there are many things you can do to update your home without breaking the bank. Below are ten ideas to get you started.

 

 

1. Give your kitchen a face lift

 Revitalize an old kitchen by replacing your sink hardware and cabinet knobs. For an even more dramatic update, refinish or reface cabinets. Replace old lighting with brighter, energy-efficient bulbs.

 

2. A better bathroom

Updating a bathroom is easy and inexpensive; simple upgrades like a new toilet or sink can make a big difference. Re-grout the shower and floor, and replace any broken floor tiles.

 

3. Carpet cleaning

 Consider a professional carpet cleaning before covering or removing old carpeting. If your carpet is very dirty or worn, cover it with a few inexpensive rugs.

 

4. Paint

 A new coat of paint on the walls and ceilings will instantly freshen up your home. You can also repaint or refinish your front and garage doors.

 

5. Change light fixtures

 Enhance your interior decor with chandeliers, ceiling fixtures, and accent lighting. Spotlights and wall sconces are a great way to highlight photos or artwork. For under $100, a few new light fixtures can transform the ambiance of your home.

 

6. Boost your curb appeal

 Invest in some basic landscaping to improve the exterior look of your home. A lush, mowed lawn and a few strategically-placed shrubs will not only look great, but increase your privacy as well. Planting trees in the right spots can also help keep your house cool during summer and warm in winter, lowering your energy bills year-round.

 

7. Update door hardware

 New doorknobs, hinges, and handles are easy to install and make a huge difference in your home's interior design. Replacing your door hardware is an inexpensive upgrade that can be done in an afternoon.

 

8. The magic of mirrors

 Hang more mirrors to make your home appear more spacious. Mirrors hung at eye level will increase the amount of light reflecting throughout the house.

 

9. Crown molding and trim

 Crown moldings and trim accents instantly add charm to any room. Consider adding door, baseboard, and other trim accents to give your home a more updated look.

 

10. Install ceiling fans

Ceiling fans aren't just attractive; they also help improve airflow throughout the home. Ceiling fans help you save energy by circulating cool air throughout the house during summer, and warm air during winter. For maximum energy savings, choose an ENERGY STAR certified ceiling fan.

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