Energuide Rebate Incentives

June 8, 2008 · Filed Under Energuide Info, Home Maintenance, St. John's Real Estate · Comments Off 

From hybrid cars to energy efficient appliances, no matter where you turn these days going green and reducing your energy footprint in the world seems to be the norm. Not only is reducing energy important for the environment but with the cost of oil and gas sky high, it can be very helpful to your budget.

Did you know that after furnaces and water heaters, household appliances are the biggest energy users in the average Canadian home?

Major electrical appliances (think kitchen and laundry room) consume on average up to 14 percent of the total energy used in the home.

Although the upfront costs can be a little more expensive, over the long haul you will save. Compare a $1 old fashioned 100w light bulb to a $7.50 23watt fluorescent bulb. Times that by 15 bulbs and the price difference is quite significant.

Not only will you save in the long haul, there are government incentives to help reduce the upfront costs.

ecoENERGY Retrofit provides federal grants and incentives to homeowners and small and medium-sized businesses, industry and public institutions to help them invest in energy and pollution-saving upgrades. In addition to the grants available under ecoENERGY Retrofit – Homes, selected provincial, territorial and municipal entities also offer grants and incentives to homeowners who conduct energy saving upgrades.

When you get a mortgage on your home check out CMHC’s Mortgage Loan Insurance Rebate for energy efficient homes. If you use CMHC insured financing to buy an energy efficiency home, purchase a home and make energy-saving renovations or renovate your existing home, a 10% refund on the mortgage loan insurance premium may be available.

Newfoundland Light and Power has a Wrap Up for Savings Rebates & Financing. If you upgrade the insulation in your basement, attic or crawl space, you may be eligible for a cash rebate.

How to stop your home’s rising energy costs

March 20, 2008 · Filed Under First Time Buyers, Home Maintenance · 1 Comment 

(NC)—The cost of moving into a new home can be quite steep. New homeowners are often focused on buying new home furnishings, appliances and accessories. But one other important thing to consider is how your home can help you save money in the long run.
Insulating your basement is one way to help put money back into your pocket. An insulated basement can help reduce energy costs and increase your living space, as well as help increase the resale value of your home.
A substantial amount of heat can be lost through uninsulated basement walls. Installing full-height R-20 PINK Fiberglas batts is a simple solution to achieve energy savings in your basement. Using PINK Fiberglas batt insulation will form a solid thermal barrier between studs and conserve energy to help reduce heating and air conditioning costs. Lastly, don’t forget to install a continuous vapour retarder on the warm side of the wall surface and drywall.
Here are a few other helpful tips that can help reduce your energy costs:

• Help prevent cold air escaping from your home by checking for drafts. You can reduce drafts by caulking, sealing and weather-stripping around windows and door frames.

• Replace old windows and doors to help reduce the transfer of air into the home and help decrease energy costs for homeowners.
• Consider installing energy efficient appliances.

To find out how much insulation you’ll need for your basement renovation and how you can help reduce energy costs in your home visit, www.owenscorning.ca.

To achieve the best insulating system in your basement you will need:

• R-14 PINK Fiberglas batts between wall studs

• 2″ CodeBord rigid foam insulation to apply on the exterior of wood stud walls
Combined, this insulating system will provide you with the best performance solution achieving a total R-value of 24 to increase your insulating power.

St. John’s Condos

January 20, 2008 · Filed Under St. John's Condos, St. John's Real Estate · Comments Off 

Condos in St. John’s have become an increasingly attractive home ownership option. I’ve noticed a number of new high end condo developments in St. John’s East end, St. John’s downtown and Mount Pearl in the past year. Owning a condo is a viable option for anyone who wants to own a property without the worry of repairs, maintenance and in our Newfoundland climate, shoveling snow. Great investment for you baby boomers and Snow Birds.

Do not forget that when you buy a condo, you are also buying into the entire building in which your condo is located. Your condo fees (range from $150 – $400 depending on the condo) cover the costs for corrective work required in common areas, such as the roof, heating system, or foundation. They also help pay for the garbage removal, snow removal, possible landscaping as well as security. Each condo is unique and has different by-laws found in the Condominium Act.

There are two types of condominiums: Condominium Apartments and Condominium Townhouses.

The condominium apartment is a “unit” inside a building, similar to an apartment building. A townhouse, is usually an attached (sometimes detached or semi-detached) unit with separate entrance and usually has the luxury of a front and back garden.

Be sure to include a satisfactory viewing of all condo corporation documents when making an offer to purchase. As well, making the sale conditional to a satisfactory review of the corporation’s financial condition.

Advantages to purchasing a St. John’s condo:
– less maintenance then a single family home
– increased security
– lower monthly heating and light bills
– community living
– no need for activities like mowing the lawn shoveling snow

Some disadvantages to St. John’s Condos:
– regulations on renovation and upgrades
– older units may require more maintenance
– community living (yes both a pro and a con)
– lack of parking spaces (some condos)
– condo fees (can be costly for first time buyers on a budget)

For more information on condos contact Fraser and Stephen Winters