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How To Take The Stress Out of Moving with Kids

The big day is just around the corner: it’s almost Moving Day for your family! But before you can enjoy the fruits of your brand new space, we know how stressful moving can be, especially when you have kids. With all the logistics to worry about, it’s a surprise not everybody goes nuts.

However, don’t go on mistaking that you’re the only one experiencing stress as the parent and the adult in charge. Moving can be complicated for anyone regardless of age, and that includes your kid. As adults, it’s easier for us to adapt than the young ones. What might be a breath of fresh air to the parents can be a source of stress for children. Change is a bit tougher for kids, and saying goodbye to their friends and the space they’ve grown up in can take a toll on them.

That said, learning how to prepare them for a big move goes a long way for their well-being and yours. When you include your kids in the process, you help them navigate this scary yet exciting adventure ahead.

To get you and your kids ready for the big moving day, we’ve listed some tips that can help your family better adjust for this milestone ahead.

1. Give them a heads-up

As a kid, nothing could be worse than waking up to see all your stuff gone while mountains of boxes are loaded on a moving truck. Moving isn’t always a pleasant surprise to children, so let them know as early as you can. Once you have finally decided about the move, talk to them and explain why. There’s no point in keeping it a secret, and doing so might harm your relationship, so best to be transparent.

An early talk with the kids will give them ample time to adjust and to say their goodbyes. On a more positive note, you’ll also be able to get them pumped up for the move early on as you give them a picture of your future home life.

2. It’s all about teamwork

When we talk about getting your kids involved, we don’t mean making them carry heavy boxes. Get them involved in the process by asking them to pack their stuff such as toys, plushies, books, and school items. Or better yet, ask them questions about how they’d like their new space to be. Talk about possible themes, decorations, wall colors, and more. In short, brainstorm with your kid.

3. Give them a little taste

Kids tend to be more cautious toward anything new. After all, they’ve still got a lot to figure out about the world. And much like when we’re served with new dishes, kids would also appreciate having a small taste of their future space before moving. Pre-paving your children for the move will help lessen their anxiety. You can start this off by visiting the neighborhood and enjoying the fun activities they can do there. Visit the local park. Dine in a local restaurant. From there, you can ease them into the new house by going with them for visits, showing their new room, and laying the vision for the house no matter how silly it is (a giant swing in the middle of the room? Sure, why not!). Remember, it’s a crucial transition for them, so take it slow and enjoy the process together.

4. Make it a fun experience

Hopefully, when moving day arrives, your kids aren’t just left watching you or the movers load and unload boxes. Instead, find ways to make this a memorable day for them. You can assign them light tasks like looking after the family pet, or you can hand them a kid-friendly camera and have them document the move. They’d surely appreciate seeing those photos one day when they decide to look back on the memory of the place they once called ‘home’.

Moving day or not, let kids be kids

It’s easy to be caught up in all the stress of moving. However, don’t forget to be extra patient and understanding toward your kids on moving day. Don’t expect adult behavior from them, and don’t reprimand them if they do something you dislike during the big day. If they get upset about it, don’t invalidate their feelings. Instead, listen and provide comfort. Take this as an opportunity to strengthen your bond.

Once the move is complete and your kids are tucked safely in their new bedrooms, pat yourself on the back and maybe open a bottle of wine — you deserve it for a job well done. Time to enjoy your new home!

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How to Live in Expensive Markets While Saving Money

Eager to ramp up your investment while living your best life? 

House hacking is the way to go! Financially savvy professionals keep this as the top secret in fast tracking the attainment of homeownership dreams. After all, homeownership takes you a step closer to financial security.


Entering the real estate market can seem far-fetched with its skyrocketing prices - especially when you live in the heart of business districts. However, when done right, house hacking can be the simple solution to this seemingly huge dilemma. In this blog, I’ll uncover a house hacking comprehensive guide with tips and tricks in navigating your way to an expensive market!

What is House Hacking? 

In its simplest definition, house hacking means renting out a space of your purchased property with the intent of offsetting the mortgage cost. This entails purchasing a property where the owner lives with its tenants. The actual set-up can differ with multiple house hacking strategies available. You can select which strategy suits your comfort level the most. 

House hacking is especially helpful when done across key business districts (aka the overwhelmingly expensive markets), where living near the daily workplace cuts extra transportation costs apart from the mortgage savings gained from tenant rentals. After all, your tenant's rental rates essentially cover your monthly mortgage dues.

House Hacking Strategies 

MULTI-UNIT PROPERTY

The simplest and easiest house hacking strategy. Whether duplex,
 triplex, or quadplex, purchasing a multi-unit property involves renting out other units and leaving a single unit for your occupancy. This gives you an actual space division between you and your tenant comfortably. 

In establishing a hassle-free relationship with your tenants, best if you hire a property manager to keep your homeownership low key. This saves you the hassle in tenant haggling, or worse, non-payment of rental dues just because they know the owner personally. 

Using this house hacking strategy, your asset can be easily transitioned to a full rental space when you decide to move into another neighbourhood. Having a multi-unit property is certainly a cash flow driver with its consistent rental revenue. 


SHORT TERM RENTAL

Leveraging on the rise of short term rental, you can easily rent out your purchased space through platforms like Airbnb and Agoda! Just as how any short term rental conditions work, you have to list your property in the booking platform to attract potential customers. With this strategy, you can double your earnings with competitive daily rental rates. When computed against the traditional monthly rental earnings, revenue can easily double with a high demand in staycations. The downside though, lies on its constant cleaning requirements every after vacancy. 

Specific to Airbnb, you can choose between renting out the whole unit or only specific rooms within your purchased house. Even the rental duration can be flexible depending on your unit’s availability. Going out of town soon? List your unit and have it rented while you’re out! If this will be a long term hacking strategy, then your guest’s star ratings are of prime importance. Always remember to keep a healthy relationship with your short term guests to attract more bookings. 

3 ROOM-SHARING 

If it’s your first time trying house hacking and you’re being conservative on prices, the best option is to purchase a small property and have a bed rented! This especially works well when buying condominiums in key business districts, as most professionals would prefer saving up on transportation costs through bedspacing. 

Just a word of caution, best if you would have your own cabinet for extra security. Remember, you are technically sharing your safe space so it would be beneficial if you choose your tenants wisely and secure your belongings more carefully.


ADDITIONAL DWELLING UNITS

Now if you’ve purchased a bigger property with a spacious lot, you can build Additional Dwelling Units (ADUs) for a greater sense of security. Just like renting out plex units, creating an extended dwelling unit enables you to have tiny homes within your purchased property. 

This is the best strategy to take in case you’ve already purchased a property and are trying to catch up on how to maximize your investment. As you will technically build this from scratch, you can design your envisioned tiny home according to your budget and taste. 


FURNISHED BASEMENTS

If you’ve purchased a whole house, complete with a basement down below, voila! You just gained your house hacking blueprint. As the landlord, you can build your tenant’s own exit/entry point for added security. You can furnish the basement like a regular studio unit complete with basic amenities such as kitchenette, restroom, and bed frame. If the space is big, you can even convert these into multiple bedrooms.

The Benefits of House Hacking 

House hacking is definitely an investment game changer. Here are the top benefits of house hacking. 

REAL ESTATE INVESTMENT 

Just like any other real estate investment, house hacking induces regular cash flow with a notable appreciation value. The income generated from tenancy may be used to cover the mortgage expenses, saving up with a positive cash flow. The best part? Your investment value increases over time just as how any property investment works. 

EASE IN FINANCING 

When house hacking, you don’t have to pay your mortgage in full straight up. You can settle your down payment first, and allow the tenancy income to cover your monthly mortgage dues. And the downpayment? Surprise! It’s a lot cheaper. 

PASSIVE SOURCE OF INCOME 

Apart from covering your mortgage dues, you can even create a passive source of income just by house hacking. With the right house hacking strategy, you can widen your savings gap - further increasing your capital for your next investment. 


Remember, earning twice - even thrice - your investment amount depends on the house hacking strategy fit for your property. This depends on the size, location, or even your connections in attracting your first tenants. Pro tip? Choose the best location, perhaps in the middle of a business district, right beside your workplace. Save and earn as you live regularly. 

House hacking can be your next gold mine, but remember that picking the right strategy makes or breaks your investment. With a huge capital involved, it will always be best to study your property choices carefully with the following things in mind: budget, location, size, longevity, and most importantly, living conditions. Pick what’s best suited to your comfort level, especially when you’re planning to house hack until you’ve paid your mortgage dues in full. Lastly, don’t let your youth dismay your growth. Invest while you’re young, and you’ll definitely reap your hard-earned efforts as you age finely. 


For more real estate tips or for a more in-depth consultation, feel free to call me at 250-804-9160, send me an email at natasha@sellingsalmonarm.ca, or 

schedule a visit to my office. 


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