Real Estate Blog

Home Improvements that Reduce Your Home's ValueMany homeowners naturally assume that any home improvement they make will improve their home's value. This is not always the case. Some home improvements can actually make a home harder to sell, and can lead to lower offers from buyers. If you're a homeowner who wants to improve your home's value, the following home improvements are best avoided.

Altering a Bedroom to Become Something Else

Bedrooms add value to a home, but what happens if the homeowner takes a bedroom away? For example, imagine a homeowner wants to convert their spare bedroom into an office. To do this, they build a desk into the walls. The room no longer qualifies as a bedroom when the time comes to sell the home. This can reduce the value of the house. Homeowners who want

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How to Navigate Your Deck ConstructionConstructing a deck isn't just a regular project for most homeowners. Though some homeowners may try building a deck as a DIY project, most let a professional build it. Tied up in images of backyard parties and barbecues, homeowners can become emotionally invested long before they even get started. This overenthusiasm is normal, but it can ultimately lead to mistakes being made or even laws being broken. Here are a few tips to keep the construction as linear and logical as possible.

Check the Rules

Most homeowners haven't memorized the building codes of Canada or their neighborhood. Some homeowners don't even know they need to ask for permission to first construct their deck. The laws for each home will depend on what province it's located

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3 Tips for Planning Your Home AdditionMany homeowners would rather not sell a home but make upgrades that will accommodate their changing needs. Extra space may be needed when families grow, an aging parent moves in or when business owners work from home. These are only a few of the many reasons for a home addition.

Homeowners need to understand that changing the structure of a home does require thought and planning. Before getting started on a home addition, get a better understanding of what will be required to ensure a legal addition with few headaches.

What Are Your Goals?

Decide on key objectives. What exactly will be accomplished with the home addition? Some common goals homeowners have include:

  • Increasing living space;
  • Boosting storage capacity; or
  • Improving
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4 Advantages of Using Drones in Real EstateOver the past few years, technology has advanced very far, and that change shows itself clearly when it comes to selling a home and real estate. Listings used to be able to just have a few photos, but as time went on, photos became more and more important. Then video walkthroughs of homes became popular as a way to show buyers the home’s layout. Now, the hot new way to show off a home is by using a drone. While using drones may seem like overkill to some, they actually come with a lot of advantages that are impossible to have otherwise. Here are four of the best reasons to use drones while selling a home.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

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Is a Canadian Conventional Mortgage Right for You?Interested in buying a home in South East Kelowna? Then it will pay off to get ready to apply for a home mortgage loan. One of first ways prospective homebuyers get a home mortgage loan is by applying for a Canadian Conventional Mortgage. Many residents meet the qualifications to get approved for a Conventional Mortgage Loan. Others may need to make a few adjustments and work on specific factors to get a lender's approval. Learn more about the Canadian Conventional Mortgage Loan and what approach may work best for faster approval with a reputable lender.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

A Conventional Mortgage

This type of mortgage loan

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Top High-Return Kitchen RenovationsIn the past, over half of Canadian homeowners were planning on undertaking a renovation during the year. Some homeowners will hire a professional while others will do a DIY project. And while some have a relatively conservative budget, others plan to go all out on their next remodeling project. Kitchens are a high-traffic area that is often touted as one of the place to get the best returns on a project. However, is a $60,000 project worth it when looking at the ROI?

Homeowners should feel comfortable that a refurbished kitchen general yields a return of 70 to 100 per cent on a consistent basis. Even though trends change, explore some kitchen renovations project offering homeowners a high ROI upon resale.

Appeal to the Buyer

Homeowners who

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Which Upgrade Renovations Yield the Best Returns?Most homeowners want to upgrade their bathrooms. Homeowners may use a contractor or decide to do a do-it-yourself (DYI) project. Whether it's because their fixtures are outdated or because they're just tired of staring at the same old paint job, the improvements are usually made with the residents in mind rather than the future buyers. But if homeowners can please both themselves and the next people who live in their home, it's definitely the cherry on top of the sundae. Homeowners who want to make strategic moves should keep the following tips in mind.

Think Small

Smaller bathroom renovations tend to have the highest returns. This is because a return on investment (ROI) for a bathroom is going to be highly dependent on the area in which a

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What You Need to Know About Real Estate Investment TypesInvesting in real estate is often touted as one of the smartest ways to make money. Unlike start-ups that come and go, people will always need new places to live, work, and pursue their passions. But taking the first step in Springfield Spall real estate can be intimidating, especially for those who aren't sure which type of investment is right for them. To make the transition easier, keep these facts in mind.

For informational purposes only. Always consult with a certified tax expert, financial advisor or real estate professional before proceeding with any real estate transaction.

Renting the Property

Canadians have options when it comes to renting their property. Some choose to rent homes, duplexes, or apartment units to families,

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5 Home Architectural Styles in CanadaCanada has embraced a number of different architectural styles throughout the years. The sheer number of choices provides buyers the opportunity to express their personality and practicality through their choice of homes. Homeowners starting their home buying journey can use this guide to get a better idea of what they'll find and how they can evaluate which style is right for them and their families.

The Quaint Cottage

Home buyers with not many occupants can benefit from the smaller cottages in their area. Fewer rooms in a cottage translate to less home maintenance and cleaning. Cottages in Canada typically come complete with a front porch and an attic, so residents can still get the storage and outdoor space they need to enjoy the home.

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How Do I Start an Alberta Short Sale?Short sales in Alberta are typically undertaken by homeowners looking to prevent their home from going into foreclosure. However, not everyone understands how they work or what they ultimately mean for the sellers of the property. From credit scores to final sale price, find out more about how Alberta short sales operate for the lenders, buyers, and sellers.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

Striking a Deal with the Lender

When a home is getting ready to go into foreclosure, it's the lender's job to take back the property and sell it. The lender is in the business of finance—not in the business of real estate. The last thing they want to do is hire a

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