All Forum Posts by: Theresa Harris

I think it depends on the person.  For me, anything structural for sure.  electrical, plumbing or HVAC would depend on the type of problem and the amount of effort and $ needed to fix it.

I think if it happens, it would help diversify the economy, but as Stevo said a lot of Edmonton and Calgary are dependent on the energy sector and what they do, real estate tends to follow.  Just look over the last 20 years and you can see how housing has fluctuated.

If you have $1M in equity, chances are you may still have mortgages, so that could grow, but given the current market; I'd rather have cash and could do what I wanted.

I'd patch the one area.  Even if you do it yourself, it should be easy.  For the crack, if the heights are quite different, you can get them ground down (or try to patch it and level the transition while you do it).

Did you have a conditional offer (ie financing and inspection) and if so are you within that period?  If so, you should be able to back out without a problem.  However, if you signed off and removed those conditions, it could be a problem.  Generally houses are to be closed on in the same condition as they were in when you viewed it (check the wording of your contract and talk to your realtor).

With those numbers, I'd sell.  You are going to be paying more to keep the house.  The rent won't even cover your mortgage payments.  I might hold it if you were barely breaking even and didn't have a lot of capital gains, but that is the only way.  Rent prices do go up over time.

You mention the home is 10 years old, but not how long you've owned it for.  I'd have expected prices to increase over the last couple of years, so am surprised that you'd only break even or take a loss.

I agree with Kevin-ceilings go with flat paint, trim do semi gloss, most walls do eggshell or perhaps velvet (except kitchens and baths).  

I've never heard of that.  I'd contact them and ask them to look into what happened.  There is no way I'd want my tax bill going to my PM (or anyone).  It needs to go to the owner so they can pay it.  My PM has their name on my utility account with the city as they sort it out when there is a tenant turnover (well they are supposed to, but last time I had to).

 As Tiffany mentioned, you can.  Split the bill 4 ways.

Sounds about right for insurance. If side B wasn't damaged as extensively by the fire, tell them you want it repaired first as there is less damage and you need to get it rented as they aren't covering your lost rent.  It shouldn't take much to get it rent ready.