The Deutschmann Team
RE/MAX TWIN CITY REALTY INC.
Phone: (519) 841-6511
Email: info@elitere.ca
Website: www.elitere.ca
 
 

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We hope you are having an enjoyable Summer so far! Typically when we are in the middle of the Summer the Real Estate market tends to slow – the kids are home from school, people are away on vacation, and it’s too hot to go house hunting. That said, our market is still quite strong, and is still moving along nicely-the big picture looks good. There is a reset happening for Seller expectations on how fast their homes will sell and for how much money. Buyers have also reset how they are buying by looking at more homes, taking their time and not chasing homes and paying huge premiums.

If you are considering a move or just simply have questions about the market, let us know. 

We'd love to hear from you!

Market Report:

There's lots to say about the current supply and demand for real estate locally.  Here's Drew's report on how the numbers looked last month: https://elitere.ca/kitchener-waterloo-real-estate-market-report-june/

Featured Listings:

Final Phase in Carriage Crossing - Starting at $1,427,727

Only a few lots left for the final phase in Carriage Crossing! We are now closing homes in 2019. Make sure you reserve your lot today! Custom build your dream home with Deutschmann Homes in Waterloo's prestigious Carriage Crossing! Premium upgrades included! For more information and pricing: http://elitere.ca/team-listings/.  Want to see pictures of finished homes and previous model homes?  Check out our gallery: http://deutschmannhomes.ca/gallery.php

340 Lexington Road, Waterloo - $1,149,900

Located in one of Waterloo's most desirable neighbourhoods, this magnificent, newly built (2017) Colonial Acres estate home is a true masterpiece.  This lovely modern home with professional designer selected finishes is over 3000 sq ft, offers 4 bedrooms, 4 bathrooms and a walk-out basement to an incredible and serene yard backing onto greenspace.  http://visualadvantage.ca/listings/340lexingtonroad/

834 Creekside Drive, Waterloo - $1,199,900

Prepare to be impressed - this home is a very rare find in the highly sought-after Laurelwood neighbourhood!  Situated on an over-sized lot backing green space, this 4+1 bedroom, 4 bathrooom executive home is loaded with upgrades, boasts over 4000 sq ft of finished living space including a finished walk-out basement. http://www.myvisuallistings.com/vtnb/261384

547 Wasaga Crescent, Waterloo - $760,000

This stunning 3+1 bedroom, 4 bathroom executive home located in Conservation Meadows is better than new!  Recently built with lovely modern finishes, this home is loaded with upgrades, offering over 2800 sq ft of finished living space including a fully finished basement. http://www.myvisuallistings.com/pfsnb/260777

63 Crosby Drive, Kitchener - $535,000

This beautiful 1500+ sq ft 4 bedroom, 2 bathroom family home in Heritage Park/Rosemount has been completely renovated from top to bottom.  This is a rare find boasting stunning interior finishes and includes a finished basement! http://www.myvisuallistings.com/pfsnb/260647

 

Coming Soon:

241 Greenbrook Drive, Kitchener - This fantastic 3 bed/2 bathroom side split has been completely renovated and features a large, private lot with mature trees and backing onto greenspace in Kitchener’s Forest Hill neighbourhood!

565 Kiwanis Park Drive, Kitchener - Stunning executive 2+2 bedroom /4 bath bungalow featuring over 5000 sq ft of finished space including a finished basement with walk-out and sauna,  custom kitchen w/ granite  and spectacular backyard oasis with in-ground pool, extensive landscaping, mature trees and manicured gardens! This home is a rare find!

320 Whitmore Drive, Waterloo -  Old Colonial Acres! Newly renovated, modern  stone farmhouse situated on over a half an acre, with inground pool, and over 4200 SF of living space! Lovely modern finishes combined with original character and charm!

What's Happening in Our Region:

Tis the season for outdoor concerts!  Here are a few local events you may want to check out this summer:

Kitchener Blues Festival - August 9-12th. Free event featuring outstanding blues musicians and artists on multiple stages throughout Downtown Kitchener. To see the full line up of musicians visit: www.kitchenerbluesfestival.com

Riverfest in Elora - August 17-19th. Another great year is planned for Riverfest in the small picturesque town of Elora!  See the full list of headliners here: www.riverfestelora.com

 

Recognizing Potential Major Expenses in a New Home

 
 
When you see a new home you like on the market, it’s easy to get distracted by all the features you love - the wrap-around backyard deck or the spacious recreation room that has plenty of space for entertaining. You just need to make sure that in all your excitement you don’t overlook any expensive maintenance issues that could be just around the corner.
Nothing lasts forever. The major components of every home - from the furnace to the roof shingles - need to be replaced eventually. But, knowing when those maintenance issues are likely to arise can help you make a smarter decision about the home you’re considering.

How do you do that?

When viewing the property, ask for the age of the major components of the home, such as the roof shingles, furnace, air conditioner, water heater, and appliances. You might think the roof shingles look merely weathered in spots and have years of service left – when in fact, they’re due to be replaced next year.

Also pay close attention to the backyard deck, fencing, flooring, and windows. Do any of those components look aged, worn, and in need of repair or replacement sometime soon?

Finally, don’t forget to check the kitchen and bathrooms. Sinks, faucets, bathtubs, showers, and cabinetry have a life-span of about 10-15 years. 

Of course, there are things you can’t see on your own, such as wiring, plumbing, venting, and other components of a property that may require maintenance. That’s why you should always make any offer to purchase a home conditional on passing an inspection by a qualified home inspector.

Want more ideas on how to buy the right home? Call today.
 

Consumer Protection vs. Consumer Value

 
 
It has become standard for retailers to offer low cost supplementary “insurance protection plans” on appliances and electronics. These plans may seem like a good idea, but before you buy one, be sure the plan actually offers real added value. Often, these plans overlap with other protection programs you already have.
For example, reputable retailers usually sell products with solid manufacturer warranties, because they don’t want the bad reputation or the hassles that come from unhappy customers. In fact, in today’s competitive world, many retailers already have a “satisfaction guaranteed” policy built into everything they sell. In addition, if you are paying by credit card, you may have purchaser protection that is activated by simply using the card. 

Of course, there are many consumer protection plans that do offer reasonable value. For example, some extended warranties offer a safety net after the manufacturer’s warranty runs out (similar to extended warranty automobile plans). In those cases, be sure the product is one you’ll want to keep and use for the duration of the warranty period. For example, it makes no sense to pay an extra thirty dollars on a one hundred dollar item, if you expect you will be able to buy a newer version in a few years for even less. Some “total care” service plans for complicated equipment, such as a car, computer or HVAC unit, are quite popular, as are “price freezing” plans on home utilities, such as electricity, gas and water. At the end of the day, it all comes down to your confidence in a product or service, and your willingness to put up with (or pay to avoid) the inconvenience of complaining, should it fail to meet your expectations.
 

Avoiding Waste When Watering Your Lawn

 
 
The following tips will help you avoid waste when watering your lawn:
  • Use a low-angle, pulsating sprinkler. Water sprayed high into the air produces a mist that loses much of its moisture through evaporation.
  • Water the lawn, not the sidewalk or driveway.
  • Lawns need about an inch of water per week. To determine how much watering time that requires, place an empty tuna tin within your sprinkler’s range, and note how long it takes to fill.
  • When watering, account for recent rain.
  • Use an automatic sprinkler system that allows you to adjust the area, frequency and/or duration. Set the timer to operate just prior to sunrise.
  • Attach rain barrels to downspouts, in order to catch and hold roof runoff and then re-distribute it to your lawn, garden or container plants. Keep it covered for safety reasons, and to prevent mosquitoes from breeding. (Note: rainwater is actually better for plants because it doesn’t contain chlorine and has an ambient temperature).
 

Notable, Quotable, Quotes!

“Live one day at a time emphasizing ethics rather than rules.”
Wayne Dyer

“Nothing in life is to be feared. It is only to be understood.”
Marie Curie

“Action may not always bring happiness, but there is no happiness without action.”
Benjamin Disraeli

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