Nothing says bring on summer quite like a backyard BBQ. It's the perfect mix of friends, the fresh outdoors, and fantastic food! But just because you want to throw a social, doesn't mean you have to break the bank. Here are a few ideas of how to entertain outdoors on a budget:
Food
Send an electronic invitation to your friends to let them know you're throwing a pot-luck BBQ. Create a food list and give guests an idea of what to bring, usually a side dish or dessert. Remember to prepare as much as possible in advance so that you can spend most of your time outside with your guests and not in the kitchen.
Seating & Decor
Arrange several seating areas if space allows. If you're short of chairs, ask friends and family to bring their fold-ups that transport easily. Swing by local garage sales or thrift stores if you need extra tables. Pick up colourful vinyl tablecloths, napkins and decorations at your local dollar store.
Kids & Fun Stuff
Kids love the beach, so buy an inexpensive wading pool and fill it with clean sand. Add plastic buckets, spades, blow-up beach balls, and a croquet set from the local dollar store and they'll be all set. Lay bright beach towels on the grass, or under a tree and the little ones will have their own picnic area too.
Lights & Pesky Bugs
String some white or blue lights around the backyard for nighttime. Place a few tea lights in glass containers and display them around the garden on things like bird baths and paving stones for a magical effect. To stop bugs from crashing your party, stake some tiki torches in the ground or put citronella candles on tables to keep them away.
Favour Ideas
Want to send your friends off with a little gift at the end of the party? If your homemade BBQ sauce is a party favourite, make a big batch, put in sterilized bottles and give to guests. If there is plenty of leftover food, be generous and let everyone take something home for dinner the next day. Don't forget to save some for yourself!
Monday, 4 November 2013
Shop Your Renewal
Lenders make a lot more money when they renew your mortgage than on your initial term. That’s partly because they don’t have to compensate anyone for referring you (or compensate them as much). But it’s also because many renewers don’t comparison shop as much or negotiate as hard. According to a recent Maritz/CAAMP survey, only 56% of borrowers negotiated their mortgage rate at renewal. A remarkable 4 in 10 took the first rate their bank offered. How good do you think that rate was? It sure as buttercups wasn’t the best the bank could do.
A while back the Bank of Canada found that borrowers who don’t comparison shop pay rate markups that are more than double those paid by comparison shoppers. And lenders’ client retention teams are wise to this. So they employ strategies like graduated rate discounts, which means they offer you an okay rate to start, and if you complain or show them better competing offers, they get progressively more competitive. That’s why trusting your lender to offer a fabulous rate up front is the single worst thing you can do at renewal.
Get Second Opinions
One of the easiest ways to protect yourself is to compare rates with a broker. Unfortunately, only 28% of mortgage holders “definitely” plan to consult a mortgage broker at renewal, according to Maritz research. But whether you consult a broker or call up multiple banks and credit unions, shopping around your renewal is mandatory. That challenge is convincing bank customers of that. They tend to be a loyal sort. In fact, bank clients are more than 50% more likely to use the same lender when renegotiating or renewing their mortgage than broker clients. That’s largely because brokers open people’s eyes to better alternatives. At any given time, one of dozens of broker lenders may have rate promotions or mortgage features that save a borrower hundreds, or even thousands, in interest.
Unfortunately, broker clients also switch lenders more often because a minority of less ethical brokers churn their books—i.e., convince borrowers to switch lenders primarily to generate another commission. (Naturally, your success with any advice provider depends on their integrity.)
It Takes Effort
When your mortgage maturity comes around, don’t be satisfied with your lender’s first offer. If you’re well qualified and really want the best deal, do this instead:
Check the major rate comparison websites.
Call the non-broker banks. (RBC, BMO, etc.)
Call a broker, check their broker lender offerings, share your own findings and ask them to compare the pros/cons of the best deals you’ve found.
Compare the above to your existing lender’s offer (including all switch costs, if any).
Pick the best overall deal (which isn’t necessarily the lowest rate).
These steps should easily shave one-or two-tenths of a percentage point off your rate…or more. A 10 basis point rate savings on a $200,000 mortgage puts $950 back in your jeans over 60 months. You’ll also improve your odds of finding a mortgage with the optimal term and fewer restrictions. And those two points always save you more than any small rate difference.
A while back the Bank of Canada found that borrowers who don’t comparison shop pay rate markups that are more than double those paid by comparison shoppers. And lenders’ client retention teams are wise to this. So they employ strategies like graduated rate discounts, which means they offer you an okay rate to start, and if you complain or show them better competing offers, they get progressively more competitive. That’s why trusting your lender to offer a fabulous rate up front is the single worst thing you can do at renewal.
Get Second Opinions
One of the easiest ways to protect yourself is to compare rates with a broker. Unfortunately, only 28% of mortgage holders “definitely” plan to consult a mortgage broker at renewal, according to Maritz research. But whether you consult a broker or call up multiple banks and credit unions, shopping around your renewal is mandatory. That challenge is convincing bank customers of that. They tend to be a loyal sort. In fact, bank clients are more than 50% more likely to use the same lender when renegotiating or renewing their mortgage than broker clients. That’s largely because brokers open people’s eyes to better alternatives. At any given time, one of dozens of broker lenders may have rate promotions or mortgage features that save a borrower hundreds, or even thousands, in interest.
Unfortunately, broker clients also switch lenders more often because a minority of less ethical brokers churn their books—i.e., convince borrowers to switch lenders primarily to generate another commission. (Naturally, your success with any advice provider depends on their integrity.)
It Takes Effort
When your mortgage maturity comes around, don’t be satisfied with your lender’s first offer. If you’re well qualified and really want the best deal, do this instead:
Check the major rate comparison websites.
Call the non-broker banks. (RBC, BMO, etc.)
Call a broker, check their broker lender offerings, share your own findings and ask them to compare the pros/cons of the best deals you’ve found.
Compare the above to your existing lender’s offer (including all switch costs, if any).
Pick the best overall deal (which isn’t necessarily the lowest rate).
These steps should easily shave one-or two-tenths of a percentage point off your rate…or more. A 10 basis point rate savings on a $200,000 mortgage puts $950 back in your jeans over 60 months. You’ll also improve your odds of finding a mortgage with the optimal term and fewer restrictions. And those two points always save you more than any small rate difference.
Making your home look it's best!
Across Canada, housing prices are rising steadily this year. In July in the GTA, sales rose by a shocking 16.4% compared to July 2012. Not only were there substantially more homes sold over the past year, but the average house price climbed by 7.9%. All home stagers would agree that if you want to join this trend and make a profit off your home, you have to make it look the part. If you want your house to look like it's worth every penny of what you hope to get for it, sprucing up your home and home staging is a must. Here are some tips to get you started on making your home look its very finest.
Finish the exterior – Every home has something to fix on the exterior. This can be anything from filling in some missing mulch in the garden to repainting that dated front door or putting on that final piece of trim. Make sure the exterior of the home is welcoming and nicely painted. First impressions are extremely important when it comes to buying a home, and the exterior will give your potential homebuyer exactly that: their first impression.
Lighting – Few things make bolder statements than the lighting in your home. An elegant chandelier in the foyer can create a high-end feeling throughout the entire home. Decorative table lamps in bedrooms and family areas also create warmth; while pot lights give a bit of a luxurious, glamorous feel to rooms.
Depersonalize - Potential homebuyers need to picture themselves in your rooms, and quirky decor and crazy flares may not do the trick. A few personal touches make for a fun showing of your home, but having too many starts to make things feel cluttered. Try and limit the vibrant colours and unconventional furniture to keep the house feeling familiar.
Ensure everything in the home is working and well-maintained - No torn screens, cracked plaster or burnt out lights. You may have gotten used to them, but homebuyers are looking for something they want to live in; not something they can live in. So be sure to tour your home and carefully look over every area, ensuring that all lights, windows, sinks, etc. are all functional and look well-kept. Scents are also important in the home. Some air freshener helps the home feel clean and crisp.
Be size-conscious of fixtures and furniture – Your favorite couch or table may look really good, but if it’s difficult to fit it inside of the room, it is time to say goodbye. Try to include small groupings of furniture to give the room some depth and make it look bigger than it is.
Kitchen, Kitchen, Kitchen – Clear your counters and create a clutter-free environment. A simple vase or bowl adds a personal touch and makes it feel homely; all while maintaining a clean atmosphere. However, I would recommend storing small appliances in the cupboard as this makes the kitchen feel much bigger. You will want to make sure that your appliances are being stored in new-looking cupboards. A simple paint of coat and some new handles makes a huge difference in giving your kitchen a more modern feel. Lastly, if your kitchen doesn’t have a backsplash, all you need is a weekend to do it. Because the backsplash area is so small, you can invest in some gorgeous tiles or glass mosaics to add additional quality to the room.
Fresh linen – All bed linen, towels, curtains, etc. need to be replaced if they do not look new. This is an inexpensive way to introduce some character and style into your home while making it feel fresh and new.
Update the bathroom – Something as simple as a new mirror and shower curtain can make a big difference to potential homebuyers. Some new lights and fixtures can go a long way as well. Try replacing bathroom towel bars with well-designed ones from a designer bath boutique. You can get matched ensembles that include a toilet paper holder, wastebasket, trays, etc. You will be able to update your bathroom for only a couple hundred dollars; which will be worth much more when selling.
Maintain the Master bedroom – A beautiful master bedroom is key to finding a homebuyer. The master bedroom is where a home owner is most connected with: it is the last thing they will see every night, and the first thing they will see every morning. Continue the hotel feel into this room with multiple new pillows, fresh linens, and a throw at the end of the bed. Matching lamps or vases is a great way to bring symmetry into the room and will give the room that designer flare.
Overall, keep your house clean and clutter free, make sure everything is in working condition, and update what you can: whether it be a big project or a small fixture. All the little updates add up and can take a home from livable to lovable.
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