Best Price Always.

Our 10% Price Guarantee gives you the best price. Always.

Click here for details.

Central Has Air Miles!

Click here to learn more about Air Miles at Central.

Take Our Survey

Click here to take our survey.

Complete Garages

Looking to build a new garage? We can help.
Click here to see our garage packages.

Contact Us

Great service? Not so great? Got a question or suggestion?
Click here and let us know!

Central Cares

Click here for up to date news on Central's involvement in your community.

The Central Card

The one card no home improver should be without. You can be approved instantly in-store. Just fill out this application, and take it to the Central nearest you.

Let’s be honest—owning a home is expensive. There are taxes, insurance, a mortgage, and it seems unexpected repairs and replacements are always cropping up. Being expensive doesn’t diminish the worth of owning a home, which is after all an investment, but more and more, home owners are looking to make their house a source of income to offset some of the cost—this is where renting comes in.
Turning a part of your home into an apartment can be a great way to help pay down your mortgage. The basement is the most common area that people repurpose as a rental, because it’s usually already quite private from the rest of your home, and it’s often easier to add or build on to a second entryway that leads to just that level. It also tends to have the necessary waterlines for adding a second kitchen and washroom.
This is a major commitment, so before you start envisioning ways to spend the rental income, here are some things you need to consider:
This is a business. Just like your job, this is a business you’re getting into. Like all businesses, that means it requires work. There is the initial construction/renovation process required to establish or update your house’s apartment, then you need to find the right tenant (a very important step which I’ll come back to), and you’d better prepare yourself because this will be an ongoing job. Man Painting WallThere will always be repairs your tenant needs which you are responsible for, and you’ll have to keep on top of things like rent collection, insurance, etc. You definitely earn your rental income through work as well as letting your space, so don’t go into this project thinking it’s an easy way to make money (do those even exist anymore?).
While we’re talking about all of this in a business light, here’s a tidbit to hold onto—the importance of keep your landlord/tenant relationship professional cannot be overstated. Renting to family or friends is not something I would suggest, as it blurs the lines between tenant/loved one and can make things very complicated.
Can you imagine how much harder it is to evict your dear nephew when he can’t pay his rent? That is not a situation you want to get into. As my grandfather used to say, “Business and family seldom mix.” From the first time you interact with your new potential tenant, you want to keep things pleasant but professional—they need to see you as their landlord, someone whose rules they will respect and adhere to. Once you start spending time with them in a social capacity, it’s going to be a lot harder for you to stay strict and for them to take you seriously.
There are legalities and semantics to consider. Before you can even begin the construction required to turn a part of your home into an apartment to be rented, you need to find out if your property/neighbourhood zoning permits this. There are by-laws and regulations you will need to adhere to, and these will encompass everything from what times of the day you can have your contractor working to how many inches you need to have between your apartment’s shower and toilet (seriously). Failure to comply with these types of by-laws can result in some pretty steep penalties ($100.00 per day that you’re in violation is usually the starting amount!).
Having a rental income will also affect your taxes and your insurance. You’ll need to disclose it as a part of your income, so be aware of how this could influence your tax bracket, income tax, and tax return. You’ll need to speak with your insurance provider before you begin construction so that you know what the insurance cost will be, your liability, the necessary policy adjustments, if there are certain stipulations they’ll want you to make with your tenants, and similar things you’ll need to take into consideration.
Rent and your tenant. Finding the right tenant for you will be more time-consuming than you may expect, and recognize that most people stay in an apartment for only 1-2 years max, so it will be an ongoing part of this new venture. You want to be selective about your tenant. They will, after all, be living in your home (albeit a separate part), so you want them to be responsible, respectable, and reliable.
One of the ways to attract this type of tenant is by not setting your rent too low. Do some research into how much apartments in your area are renting for, with particular focus on ones that are a similar size and in or close to your neighbourhood (ultimately location tends to trump everything else when it comes to apartment desirability and pricing). While you want your rent price to be competitive, you do not want it to be one of the lower ones in your area, as this can attract the wrong type of tenant. Base your rent on your location, the quality of your apartment, and the pricing of rentals around you. You’ll want to be in the mid to high range, depending on the finishes and inclusions of your apartment.
Make sure that all of the rules, regulations and policies that you and your tenant agree to are firmly outlined in your lease, which you then need to have signed by yourself and your tenant. As an added precaution, I always think it’s good to have them initial by points that are especially important to you, if not all of them, as proof that you reviewed them contractCropped together. It’s your responsibility to provide a signed copy to them and in addition to you keeping the original, you should make copies and give them to your insurance company, your accountant at tax time, and it’s wise to have multiple copies in secure locations.
You’ll need to do research into yours and their rights as a landlord/tenant, with particular focus in the area of what you as a lessor are responsible for and under what terms you can evict them/hold them accountable for damages. Being knowledgeable in these important matters protects you, your property, and your tenant, and being confident about your rights and liability is necessary and beneficial. It is worthwhile to have a property lawyer look over your lease (you’ll only need to do this once so that you can create a lease template) to make sure everything that should be included, is.
Adding a rental component to your home is a big process, but if you do it right and find a suitable tenant, it’s an excellent way to help pay for your property. As with everything, the more experience you get with this, the easier it will become. Be aware that while it will be work and will take away some of your privacy, it can yield a high return on your investment, and will increase your property value significantly. Rent on, home-owners!

Originally Published by The Chronicle Herald


Alexandra Kelter

Alexandra Kelter is a social media specialist with Central Home Improvements. Her column covers many aspects of home improvement, both indoor and outdoor, and will combine trending styles with practical applications all within realistic budgets. Kelter is also passionate about fashion, travel, living by the ocean and her bulldog.

Fall For your Lawn2
Evenings are getting cooler, the leaves are just beginning to turn, and summer has officially ended for another year. However, this doesn’t mean caring for you lawn is done for the year, but the good news is that if you take proper steps now, you’ll save yourself work in the spring and have a lovely, luscious lawn to show for it.
Even though we’re putting our shorts and sandals away in favor of long pants and scarves, your grass still requires that summer loving—I’m talking about watering and mowing. Despite the cooler temperatures, your grass can still dry out. If there hasn’t been much rainfall, you should water your lawn one to two times a week with lots of days between watering. You’ll definitely want to do this in the morning as it gives your grass and soil the entire day to absorb the water, whereas at night when it’s coldest, you may get standing water which leads to fungus.
You should still be mowing your lawn, but you’ll find that the growth is slowing down, meaning you don’t need to do it as often as you did in the summer. 2’’ is the optimal length for fall grass in order for the plant to really benefit from your care. For your last couple of mows of the season, you may even want to adjust your lawnmower blade giving you grass that’s around 1¼’’ as shorter grass is more resilient to disease and the sun will no longer burn it as it could in the summer. Don’t go shorter than this though as the plant generates its food in the upper part of the grass blade.
While leaf piles are fun, most of us put off raking leaves until our lawn is full of them. I’m sorry to say that this can actually be quite detrimental to the health of your grass. Racking LeavesAnytime you start to notice leaves accumulating, it’s time to rake. Make it a part of your weekly mowing routine. The benefit to this, apart from letting your lawn breathe and eliminating a potential for diseases to attack your grass, is that you’ll never find yourself with hours of raking to do. Thatch (essentially dead grass, leaves, etc.) will also be caught up in the leaves—another positive! The less debris on your lawn right now, the happier it will be.
This is also a prime time to aerate (making tiny holes in your lawn’s soil which allows nutrients, oxygen and water to reach the grassroots). A key thing to note when aerating is that whichever tool you use (there are hand and gas-powered options available) it should pull up plugs of soil rather than just making small holes in the ground. You can just leave the resulting small dirt plugs on your lawn as the elements will break these back down and return the soil to the lawn in an evenly distributed and organic way.
Were you waging a battle against dandelions and other weeks in your lawn this summer? You’re about to win the war! Weeds, like grass, are in major absorption mode right now trying to acquire the nutrients and resources necessary for winter. Any weed killer that you apply now will be deeply absorbed by the weeds resulting in an end to that plant, and there will be no new weeds seeding themselves anymore this year to take their place. You’ll really notice the results of this step in the spring when there are no returning weeds.
This is also an ideal time to lime your lawn. Nova Scotia soil tends to be quite acidic, which makes it challenging for healthy grass to grow. Liming your soil returns the pH balance to where it needs to be for optimal growth. Do this in the fall, and it should be very soon so that your lawn has about four weeks to absorb the lime before you fertilize it for the winter.Fertilizer
Yes, you’ll want to fertilize your lawn once more before you put it to bed for the winter. Grass is dormant in the winter, sort of like it’s hibernating. This means it needs to stock up on enough nutrients to see it through those long, cold months. Apply the fertilizer about four weeks after you’ve limed, otherwise the two have a chemical reaction that counteracts the benefits of both.
Do you have bald patches on your lawn? Now is the time to remedy them! Loosen the soil in those areas with some gentle raking then apply lawn repair mixture, a ready-to-use product which contains everything your new grass seeds will need (including the seeds themselves) to get a good start in life. Gently pat down the earth where you’ve applied the mixture and water it thoroughly every day or so for about two weeks. You’ll have a seamless sea of green come the spring!
Taking these steps with your lawn now will make your life much easier next spring and summer when you find that your lawn is noticeably healthier and lusher, and requires less ongoing maintenance to keep it looking so snazzy. Your lawn plays a major role in the curb appeal of your home, offers a great outdoor space to relax and play on, and is definitely worth the effort, so get ready to show your grass some autumn TLC!

Originally Published by The Chronicle Herald


Alexandra Kelter

Alexandra Kelter is a social media specialist with Central Home Improvements. Her column covers many aspects of home improvement, both indoor and outdoor, and will combine trending styles with practical applications all within realistic budgets. Kelter is also passionate about fashion, travel, living by the ocean and her bulldog.