Real Estate Blog

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 Whether it's because their fixtures are outdated or because they're just tired of staring at the same old paint job, the improvements are usually made with the residents in mind rather than the future buyers.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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Winterize your home and prevent costly repairs later. Here our some simple tips to save you money.There are some terrific reasons to make sure a home is ready for colder weather. Comfort is one. Energy savings is another. Perhaps the most important reason, however, is ensuring this major investment is properly protected from the elements.

Winter weather can bring frigid temperatures, ice, high winds, rain, snow, and flooding. It can damage roofs and foundations. It can freeze and break water pipes and eventually lead to rotting wood and mold. These can be costly to remediate, so it is best to protect homes from damage by taking appropriate winterization steps.

Clear Gutters and Drainpipes

One major area of concern is in making sure gutters and downspouts are free from debris to allow for proper draining. If leaves, dirt, and twigs

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What to Expect from the Foreclosure ProcessMany people through changing circumstances cannot keep up with their home mortgage payments. Missing mortgage payments or not maintaining the insurance or paying the taxes on a property can lead to the lender starting the foreclosure process. Know what to expect and the options available when it comes to the beginning of the foreclosure process.

For informational purposes only. Always consult with an attorney before proceeding with any real estate transaction, including a home foreclosure.

What Is Foreclosure?

Foreclosure is a legal process through which the lender or mortgagee takes ownership of and may sell a property when the mortgage had been defaulted on. Upon purchasing a home and taking out a mortgage, the borrower has agreed to

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Replacing Your Siding? Check Out These 4 Must-See OptionsHomes have many different parts; the roof, appliances, walls and siding. And in today's homes, home technology is also playing a larger role. However, one important part of a home is its siding.

Though the roof and other parts of a home are important, a homes siding is as well. So no matter how well a home is built or how durable the materials, parts will need to be replaced eventually, and a home’s siding is no exception. When a home’s siding begins to break down, it can allow a lot of damage to be done to the home’s structure by weather and insects, so it’s important for homeowners to make sure that it’s ready to stand up to the elements to protect the home. When it comes time to replace the siding, there’s quite a few different materials that

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What You Should Know About Millennial Home Buying MythsMillennials have received a lot of press for any number of reasons. However, their real estate activity (or lack thereof) has led to a lot of misconceptions about what this young generation is looking for. This is a shame because it leads to stereotyping that doesn't always line up with the truth. It's time to separate fiction from fact when it comes to millennial home buying myths.

Millennials Don't Want to Own

It's true that, overall, millennials are renting property in staggering numbers in North America. However, it may not be for the reasons people think. It's not that millennials are against owning their own property. In fact, most would like to have a new Rutland South home in their name so they can watch their investment mature.

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