Thursday, December 13, 2007

All I want for Christmas...

Having seen what makes clients jaws drop (other than the cost of real estate), and what makes buyers want to jump at a house, this month I'm going to focus on something fun...technology in the home.

I have to admit it's been on my mind. We've just chosen our home media and we were astounded by the options and possibilities.

It also felt like we needed a PhD to figure out what all this stuff was so I'm paraphrasing some articles from http://www.electronichouse.com/ to give you the low-down on what you can look for in your next home, or install in your current one!


Security


It's a little scary what you can do.

Orson Wells, Big Brother...whatever you call it, consider the ramifications.

You can put cameras everywhere.

Think seeing who's at the front door is just for condos? Not anymore. Using a baby monitor? Now you can pull up a high-res view of your child's crib on your plasma screen in the kitchen. Not sure your cleaning lady is getting under the furniture? Now you can spy on her, or anyone else in your home...from your laptop.

Home Theatre

My wife doesn't understand why she gets a new kitchen with our reno and I get a new media system....and why my wish list is just as essential as a fridge or a sink. At the top of my list is a great home theater. Here's what you need to get (operative word being NEED)...

Screen
Is your room usually bright? Go LCD. Dark? Try plasma or a projector. In between? Microdisplays, especially for value in screen size delivered per dollars spent. LCDs and RPTVs (rear projection) don’t have as broad viewing angles as plasma, so make sure you can control the angle both horizontally and vertically. Oh, and go big or go home.

Surround-sound Receiver
Be sure a receiver or preamp is capable of playing in Dolby Digital or DTS Digital 5.1-channel surround sound (meaning five speakers and a subwoofer), or whatever you want to hear.

DVD/CD Player

DVD players can also play CDs, and many “universal” players can play multichannel DVD-Audio (DVD-A), Super Audio CD (SACD) and any other kind of CD- and DVD-R/RW/ROM you can find. Also be sure to get a progressive-scan DVD player if you have an HDTV. New Blu-ray Disc and HD DVD players play high-definition DVDs, as well as standard DVDs and CDs.

Satellite or Cable Receiver
Get a high-definition receiver, because you’ll need it to watch HDTV. And DVRs are built into some receivers, saving you from having to buy another box.

Great Add-ons
Digital video recorders (DVRs) allow you to record programs to a hard drive and pause the program you are watching. TiVo players are popular DVRs. Satellite radio tuners let you receive commercial-free radio from XM or Sirius satellite radio systems. Digital media servers allow you to store, organize and instantly access your personal music collection (aka iTunes). Streaming devices can take the audio or video content on your computer and stream it wirelessly to your home entertainment system.


Audio

For speakers, don't scrimp. You get what you pay for so ignore that guy with the back of his van doors open.

Have the same speakers all around...or at least the same manufacturer. And don't buy one of those surround-sound systems in a box that come with the receiver. Worst case just buy the speaker-only package. The speakers should also have identical power ratings and frequency ranges.

The center channel is the most important speaker in a surround-sound system. All of the on-screen dialogue comes through this speaker, and about 70 percent of all sounds in a movie soundtrack come through it. Spend your bucks here.

Get this! Now you can have invisible speakers. You install them in your ceiling or walls and actually plaster and paint over them...I don't know exactly how they work but I'm getting them. As much as manufacturers have tried to make cool looking speakers, they never quite look right in the corner of your room.


Control Panels


Instead of having to control your music and media from a receiver, or even adjust your lighting from a switch, now you can do it all from a very cool looking control touchpad.

Just don't lose the touchpad or you won't be able to see or hear anything.




If you are a little bit more old-school, you can go for the remote-on-steriods..

Another neat feature you can get is the ability to control multiple 'zones' in your home. You could have relaxing jazz playing in your master ensuite, and head-banging garage rock in the basement...or whatever works for you.







Speaking of controlling things, were you ever frustrated by trying to find music on your little iPod screen? Now you can bring up iTunes on your plasma screen and select music with your remote.

Overall...

This is just the tip of the iceberb when it comes to home technology. If your budget is unlimited, so are your options.

But beyond the fun and how cool most of these things are, they do add real value to a home and can give your home a competitive edge in the market...at least that's what I keep telling my wife!

She must agree because she is on board with some great options that we're going to do in our new home :)

What is your home worth? To find out, contact me at (416) 690-2181 or info@markrichards.ca.

November 2007 Market Watch

Last month became the best November on record with 7,313 resale home transactions in the GTA.

TREB President Maureen O'Neill announced today, "...eight of the 11 months so far this year set new monthly records. No other year has shown as many record-breaking monthly performances.”

Sales were up 16 per cent in November compared to the same timeframe last year.

At $393,757, November’s average price increased 11 per cent as compared to a year ago and remained in line with the previous month. Some of the most significant activity in November took place in the 416 area code.

Based on strong sales in all housing types, Riverdale (E01) saw a 56 per cent increase in transactions compared to November 2006.

In the Islington/Kingsway (W08), sales rose 55 per cent over last November, driven primarily by an increase in detached home sales.

"These numbers reflect the fact that people who live in the Greater Toronto Area see real estate as an excellent long-term investment”, said Ms. O'Neill.


Neighbourhood Watch - November 2007

E02 -The Beach (coxwell, danforth, victoria park)
Detached: $656,336
Semi-detached: $470,466
Condo: $334,875

E03 - Danforth North (DVP, victoria park, danforth)
Detached: $456,566
Semi-Detached: $385,611
Condo: $152,892

E01 - Danforth South & Riverdale (DVP, danforth, coxwell)
Detached: $575,183
Semi-Detached: $426,261
Condo:$353,824

C04 - Bedford West & Lytton Park (allen, 401, yonge, eglinton)
Detached: $1,017,494
Semi-Detached: $548,417
Condo: $350,372

C09 - Rosedale (yonge, st.clair, bayview, bloor)
Detached: $1,388,701
Semi-Detached: $1,587,500
Condo: $557,833

C03 - Forest Hill (allen, eglinton, yonge, st.clair)
Detached: $870,798
Semi-Detached: $616,600
Condo: $774,396

C12- Lawrence Park/Bedford East (yonge, 401, leslie, eglinton)
Detached: $1,465,176
Semi-Detached: n/a
Condo: $684,182

Source: Toronto Real Estate Board November October 2007

MarketWatch - for the full report, click here.

Who do you know who is interested in buying or selling? Please forward my blog or pass on my info...

(416) 690-2181
info@markrichards.ca