Nanaimo Real Estate Blog | Island Home Group

Fall Home Maintenance Tips for your Nanaimo home

After the winter that Vancouver Island experienced last year, are any of us really ready for what may visit us this season? Many of us don’t really notice the seasons are changing. We talk about how the air is crisp and how we are switching our wardrobes to thicker sweaters and coats, but we never really think about winterizing our homes. It just takes a few telephone calls and a quick inspection of your property for you to potentially save thousands of dollars in leaky roofs, frozen pipes, and a sluggish furnace. To help you get ready for the winter season, here are some of the things to do around the house before the icy coldness sets in:

Remove Garden Hoses From Faucets

This is something that is so simple, yet so many of us wait too long to

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Nanaimo real estate market report - fall 2017

The weather was not the only thing that was hot this summer. The Vancouver Island property market showed no signs of slowing down. With less homes on the market and higher demand for island property, this market is definitely still a sellers’ market. According to the Vancouver Island Real Estate Board (VIREB) single-family home sales were less than last year at the same time. How can it be that fewer homes were sold in such a strong market? It is simply that less inventory is on the market for people to purchase, which is causing the strong housing market. So even though fewer sales happened, the houses that are on the market are selling for more money and faster than the same time last year.

The number of single-family homes on the market has

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moving tips

How many times do you swear up and down that you will be very organized for your next move? Compared to the last time you moved when you quickly shoved everything into boxes scrambling to your new digs. Well, this time, things will be different. We have put together a few suggestions for you think about before and after your move. Some very simple tips will go a long way to improving the entire stressful process!

1. Pack a bag containing all the essentials for a weekend away

This may sound a bit strange at first, but if you have enough to keep you going for a few days, likely you could go longer if something happens during the move. If you were heading out for the weekend you would pack a couple pairs of shoes, under garments, t-shirts, pants,

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Fairwinds Landing development in Nanoose Bay

The Fairwinds Landing development has faced opposition from some of the residents who have been trying to stop this project from the beginning. The permits were approved at the Regional District of Nanaimo meeting on July 25th, 2017. The developers, Seacliff Properties Ltd., believe this will be great news for the exclusive Fairwinds community in Nanoose Bay. Despite the opposition to the project, the developer has stated that they received letters from over 600 residents that were in favour of the new project. They believe the new condos and retail space is the next step for the growth of the entire community. Let’s take a closer look at the Fariwinds Landing project and see what it is expected to do for the community.

What is Fairwinds Landing?

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real estate terms & lingo you should know

In your lifetime, real estate is one of the most important assets you'll ever invest in. Whether you are buying or selling, depending on how successful your transaction is, it could impact your livelihood for years to come. Here is some common real estate terminology that will help familiarize you with the process.

Appraisal

One of the most critical steps in the buying and selling process is determining a property's fair market value, which is generally based on comparable home sales in the area. Banks require appraisals for lending purposes. If the appraisal comes in lower than the value of the mortgage, lenders may decline. Banks don’t want to invest in a home that's overpriced, and neither should you.

Tip: Appraisals should always be

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10 free things to do in nanaimo, bc

Activities are fun, but it's not always easy to find fun things to do that don’t cost you an arm and a leg! Whether you're on a tight budget or looking to save money without staying home all weekend, there are plenty of ways to explore Nanaimo without spending a dime! The following 10 things to do for free in Nanaimo, BC are just a sample of what this amazing harbour city has to offer!

1. Explore Bowen Park

Bowen Park is a 36-hectare park that is mainly undeveloped lush forest, which makes it the perfect setting for exploring interpretive trails. The Millstone River meanders through the wooded area adding to the mystique of this gorgeous park. Within this area is a scenic waterfall, fish ladder, duck pond, and an amazing rhododendron grove with

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Best Neighborhoods for Families in Nanaimo

Nanaimo is a great place for families. It's centrally located, offers endless programs and activities for all ages, has a strong economy, and offers a well-balanced lifestyle in a growing city with hints of rural appeal. Surrounded by views of the stunning Coast Mountains, and the beautiful Pacific Ocean makes Nanaimo a livelihood that's very hard to top. As one of the fastest-growing cities in the country, there's a great influx of new residents and families finding themselves in the Nanaimo real estate market, curious about where the best place is to call home. 

Here's a break down on where to find the best Nanaimo community for your family when it comes to convenience, location, and safety:

 Surrounded by views of the stunning Coast

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University District in Nanaimo, BC

university-district-nanaimoAffectionately known by locals as "Harewood," University District was once a predominantly rural area. Today, this up and coming neighbourhood is attracting a different demographics: first-time homeowners (especially VIU students) and avid investors. In the last decade, the city has made enormous strides to improve the livability of this area for students and longtime residents alike. Old shopping plazas have been refreshed with major renovations, derelict buildings removed to make way for new developments, and new homes are popping up all over the neighborhood, adding a fresh feel to the mature streets. 

Thanks to these efforts, property values in the University District have improved dramatically in the last few years. Current owners are always

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Property value explained

Now that the most recent British Columbia property assessments are in hand, there may be some lingering questions about how the B.C. Assessment Authority determines home values in your region. The Nanaimo real estate experts at Layzell, Dreger, Walton & Associates hope that we can clear up some misnomers about what your home is really worth, and to help you feel more informed about the difference between assessed value vs. market value.

As a home buyer or home seller, it's always wise to inform ourselves about the many different facets of what home ownership entails. These facets can include anything from possible rental revenue, added strata fees, to municipal home assessments that will impact our annual financial status.

The first thing we'd

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Is it time to downsize your home?

Downsizing is common for homeowners whose children have since moved out and started their own families. For many retirees, the draw of downsizing includes less maintenance, lower taxes, and living in a neighbourhood suited to their current needs. Here are a few signs that it’s time to downsize your home:

You Have Unused Rooms

A large family home was ideal for raising children, hosting sleepovers, and kid’s birthday parties. However, once your kids are grown and moved out, you may find these rooms get used less. If you find yourself living in a large house with multiple “guest rooms” or unused rooms, you should consider downsizing. Not only does downsizing make better use of space but also while we’re talking downsizing tips for your retirement,

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