Thursday, July 24, 2014

Royal Bank iPad Mini Promotion - Expires Jul 31, 2014

I have an iPad from work, which I use for my reading and web browsing.  When I go on maternity I will have to get my on tablet.  I was considering the iPad mini because the on complaint I had about the iPad was that it was a little big.  So it was timely that Royal Bank has a promotion to get a iPad Mini.

There are account fees with the accounts you have to sign up for.  The RBC Signature No Limit Banking is the cheapest one at $14.95 per month.  You have to keep the account open until Aug 31, 2015 or you'd have to pay the price of the iPad mini.  If you open your account in July, 2014, and pay the fees, you will have paid $194.35 for the iPad mini (still good savings).

If you are interested in the promotion you have to:
  1. Open an account by July 31, 2014
  2. Set up 2 pre-authorized payments (with first payments to come out by August 31, 2014) or set up 1 regular payroll deposits (with first deposit by August 31, 2014)
For more details here is the link to the promotion.

Sunday, July 20, 2014

Changes to our lives

Since the last time I posted, Beau and I have had some big changes to our lives.  Beau and I got married.  We sold our house.  We bought a new house.  And we are expecting a baby!

Ever since we learnt about the impending arrival of our little one, I have again started paying more attention to my personal finances, which I admit has been neglecting.  I hope to blog more about savings, deals, and investing as Beau and I prepare our financial future with three in the family.

Sunday, March 9, 2014

Renovation Finished & SOLD!

It all happened so fast. Our renovator finished the renovations a few weeks ago. While we were waiting for the photographer to take the photos, we put up the for sale sign at the front window. Then before we even had a chance to list, a realtor called. Before you know it we had an offer. This Friday we officially sold the place.

Here are the final numbers compared against originally planned.

Estimated: 
$215,000 purchase
$20,000 renovations (the townhouse is similar to Mom & Dad’s townhouse we just renovated) $15,000 for Realtor fess, lawyer fees, etc.

Estimated Cost: $250,000
Estimated Sale price: $290,000

Actual:
$215,000 purchase
$18,622 Renovations
$19,984 Realtor Fees, Lawyer Fees, Condo Fees, Utilities, Property Taxes, Interest payment etc.

Actual Cost: $253,606
Actual Sale Price: $293,500

So we made $39,894. About $106 less than the $40,000 we estimated. Not Bad! To be honest I think we got very lucky because the Calgary housing market is pretty hot.  But $40,000 good profit so if we had a hard time and the time on market dragged on we were prepared to take less profit.  Also, the rental potential is great for this place so that was going to be our backup plan. 

Now we are pumped to find the next project.

Sunday, January 12, 2014

Update on the Reno Project

We took possession of the townhouse this week.  We already had a couple of quotes for the renovation and decided on a renovator.  He's already started the demolition.  Of course we could make even more money if we did the renovation ourselves but realistically that was not going to happen in a timely manner.  With the renovator, he said he will bed one early February, which is a good time to list it.  If we were to do it, with our busy schedules it won't be done for months.

The renovator's quote was quite reasonable.  Looks like we will still be within the $20K budget including buying new appliances.

Thursday, November 28, 2013

Renovation Project bought!

It's been a long process and lots of waiting.  But the Reno project I wrote about is bought.  We take position in early January.  This is perfect timing because Beau and I will be back from our vacation around the same time.