financing Archives - Barrie Home Inspector

Keeping Your Home Safe: How To Put Burglars Off Trying To Break In

Our homes are our castles – havens against the outside world, expressions of our tastes and design choices and a place for our loved ones to live together in, hopefully, domestic bliss. So when someone threatens it, it can be extremely frightening and upsetting. There are many ways to try to stop burglars, however. Here are some ideas to consider.

Make your home harder to break into

Burglars like to be able to get in and out quickly and discretely, so anything you can do to prevent this will help. Make sure any outdoor sheds and other buildings that contain ladders, tools etc are firmly locked. No point in providing thieves with the wherewithal to get into your house. Never leave spare keys hidden outside. People who do that tend to unwittingly choose some pretty obvious places to stow them. Instead, give the spare to a trusted neighbour.

Consider switching to a gravel driveway, or have areas of gravel under your windows. Gravel makes a lovely, loud crunching sound when trodden on. Grow thorny, or spiky plants against the walls too – good options for this are roses, firethorn or juniper.

Make your home looked loved

Keep the garden neat so the house doesn’t look neglected. Mow the lawn regularly – get someone to do it for you if you are away for a long time. Weed borders; sweep up fallen leaves and empty trash cans. Make sure the house exterior is well maintained. Burglars might assume a house in disrepair is owned by someone physically unable to look after it – and therefore less able to defend it.

Don’t let the mail build up in your absence either. Ask a friend to go in to collect it for you, or arrange for it to be temporarily redirected. Keep larger items like bicycles or lawnmowers out of sight too and place curtains over garage, basement or shed windows to prevent anyone looking in.

Make your home look occupied

It stands to reason that most thieves will think twice about targeting a house that looks like it is occupied. Draw the curtains and leave some lights on (or on an automatic timer switch) when you go out at night, or perhaps leave the radio or TV playing.

Lock all doors when you are going out or to bed, and check all windows are closed. Never leave notes on the door saying ‘Gone Shopping’. Finally, create a written inventory of your valuable possessions and their estimated value or insured amounts – photographs and purchase receipts will also prove useful in the event of a break-in.

Make your house and home security something to invest in

The range of home security equipment out there is mind-blowing, from strong locks to state-of-the-art alarm systems. Ideas to enhance security include switching to more secure window locks, replacing door locks with deadbolts, making sure door hinges are on the inside and installing a decent burglar alarm– some will link to your local police station.

Such an investment is worth doing properly – after all, it will go a long way to protect your assets, not to mention your peace of mind. If, however, you are concerned about how to pay for such measures, take some time to consider how you will raise the money to fund them. A financial advisor or broker can steer you towards a number of financing methods, such as reasonable loan arrangements with manageable repayment rates. If you own your own home, there are many excellent remortgage deals on the market – most mortgage advisors would be especially pleased to see the additional funds released spent on raising the security of the property and its contents. If all else fails, perhaps you could take on some extra work to raise the funds. This temporary sacrifice of your time will result in long-term security and happiness in your home: who could ask for more?

Bank of Canada Holds Interest Rate. The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on January 17^th, 2012. This marks the 11^th consecutive policy meeting in which borrowing costs have been left unchanged.

While recognizing that the outlook for the global economy had deteriorated and that uncertainty had increased since it released its October Monetary Policy Report (MPR), the Bank also made those same observations at its previous meeting on December 6^th.

Economic growth in Canada had more momentum in the second half of 2011 than the Bank projected in its October MPR, but it expects the pace going forward to slow by more modest than previously expected, due largely to factors outside Canadian borders. This reiterates statements made in December 2011. On the upside, the Bank said that “very favourable financing conditions are expected to buttress consumer spending and housing activity.”

The Bank releases its updated forecast for Canadian economic growth. It now estimates that the economy grew by 2.4 per cent in 2011 compared to the initial estimate of 2.1 per cent, owing to the better than expected end to the year.

The Bank projects growth of 2.0 per cent in 2012 compared to 1.9 per cent in the October MPR, and 2.8 per cent in 2013, down slightly from the previous 2013 forecast of 2.9 per cent, with the big picture being that past and current growth estimates have been revised upward at the expense of future economic growth.

“The Bank said it expects the pace of growth going forward to moderate by more than initially thought, but the forecast for growth this year has actually been raised slightly,” said CREA Chief Economist Gregory Klump. “That reflects a weaker than previously expected growth profile for the first half of 2012, followed by an acceleration in the second half of the year.”

“The Bank reiterated that its outlook remains subject to downside risks from the sovereign debt issue in Europe. Recent credit-rating downgrades to much of the euro zone point to potential contagion by way of a drop in financial market liquidity,” he added. “The bottom line is that the Bank rate is not going to be going up anytime soon, and we may see rates lowered should downside risks materialize.”

The Bank noted that “while the economy appears to be operating with less slack than previously assumed, it is only anticipated to return to full capacity by the third quarter of 2013, one quarter earlier than was expected in October.” Overall, inflation expectations remain “well-anchored.”

A number of financial institutions have recently dropped their five-year lending rates to a record low of 2.99 per cent. This is down considerably from the advertised five-year rate of 5.29 per cent when the Bank last met on December 6^th, 2011.

The Bank will make its next scheduled rate announcement on March 8^th, 2012.

http://creastats.crea.ca/natl/interest_rate_trends.htm