Ideas for an Improvised Headboard
When you’re prepping your home for sale, you might not have the time or resources to buy a new bedframe and headboard if you don’t have one already. But do you need one? Here are five fast ways to create an alternative headboard that will still give your bedroom a finished look before the buyers come. Use wood for a rustic look. There are lots of ways to use wood to create a temporary headboard. Whether it’s slabs of reclaimed wood mounted on the wall or a light-coloured sheet of plywood for a minimalist Scandinavian look, you just might find you have all the materials sitting around in your basement! Prop up an oversized piece of art. This is an easy and versatile trick that really allows you to match your new “headboard” to the style of your room. Whether it’s a bold black-and-white abstract piece or an oversized piece of framed wallpaper in a neutral pattern, you’ll find there are endless options. Put up a shelf instead. This works especially well in small spaces! A minimalist shelf, either wall-mounted or a floor unit, can be a great way to sneak in some extra storage and finish off the space above your head. Use stick-on decals. If you think decals are just for kid’s rooms, think again. Online you can find stick-on decals that fit every kind of style, from urban and minimalist to lush and botanical. They’re also a great way to dress up an unadorned wall. An oversized wall mural can be a great headboard substitute too. Hang a textile. To add some texture and warmth to a room without a headboard, try hanging a textile above your bed. This could range from a macramé wall hanging to a contemporary-patterned rug, to an artful tapestry.
What Happens to the Equity in Your Home If You Declare Bankruptcy?
Life can throw you curveballs. When you’ve fallen on hard financial times and find it difficult to pay your debts, you may have to declare personal bankruptcy. If you own your home and have built up some equity in it, you’re likely wondering what will happen to that equity. Unfortunately, the news isn’t very bright when it comes to bankruptcy laws and homeownership in Canadian provinces and territories. Allowed to keep some equity?The amount of equity you will be allowed to varies from province to province. Essentially, the concept is the same throughout the country—if you have a substantial amount of equity built up in your home when you go bankrupt, you can’t keep the house in bankruptcy. Any amount of equity above what you’re allowed to keep based on where you live in Canada must be paid to your creditors. What happens to your home after you declare bankruptcy is based on three questions: What is my bankruptcy exemption limit? Do I really have equity in my home? What options do I have? How much equity have I really built up?Equity is the money you’ll have left over after the sale of your home and the costs that accompany the sale. They include the mortgage, realtor and lawyer fees, taxes, outstanding bills, and any mortgage discharge penalties, etc. As stated, the amount of equity you’re allowed to keep depends on where you live in Canada. Each province and territory has its own guidelines. Your best options?If you have a lot of equity in your home or you own it outright, you probably wouldn’t declare bankruptcy in the first place. You could sell the home with the help of a realtor and do what a bankruptcy trustee would do yourself. Here are some options to consider: Sell your home and use the proceeds to pay down your debt without declaring bankruptcy Think about re-mortgaging the property Borrow against the equity in your home and pay the trustee to keep your property File a consumer proposal Do you have little or no equity in your home?A bankruptcy trustee will allow you and your mortgage company to decide what to do if the equity you have in your home is negligible. The mortgage company will obviously want you to continue to pay the mortgage. You could surrender the home to the mortgage company and include their loss into the bankruptcy or consumer proposal. If this is your decision, it’s best to do so before you file for either bankruptcy or for a proposal.
5 Keys to Finding the Perfect Home
Finding the perfect place to live might be easy if you’re set to stay in your hometown forever, but what if you’re more of an explorer looking to live in various parts of the world? Or you grew up in a small town and want to make a home in the city? There are many elements that go into not only choosing the correct home to buy, but the correct place to live. Here’s what you need to consider: Weather While being in Canada means it’s just going to be cold for half the year no matter where you are, there are varying degrees of cold that might play a factor in your choice. The closer you are to the border or the coast, the better the weather will likely be. The further north you go, the more snow you’ll experience. Culture This is an important part of the buying process. Maybe you love city life but can’t afford the high price that comes with it. If that’s the case, look for cities that still provide that urban lifestyle you love, at a more affordable price. If you prefer small towns, there’s a big difference between a town of 4,000 and 40,000. Do you want to be completely remote or in reach of most amenities? Budget Budget is the main factor in finding your dream home. You might have ideas about buying a 3-bedroom in the city, but what you’re pre-approved for will dictate what parameters you’ll have to look within and which dream home aspects you might have to give up on. Non-Negotiables While your budget might mean looking in a different neighbourhood than you ideally wanted, there will be some things on your list that you can’t sacrifice. If you have kids and need three bedrooms, there is no point in looking at that incredible two-bedroom in your dream neighbourhood. Figure out what your non-negotiables are and stick to seeing homes that check those boxes. Visit Check out the place in person. This seems obvious, yet for some spontaneous types it might seem appealing to buy sight unseen. The problem of course is—what if you hate it? It checks all the boxes of what you think you want, but you won’t have a clue about how the city, the neighbourhood, the culture really feels until you’ve experienced it first-hand.
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