Home Buying Blogs – Kelowna

How to buy a home in Kelowna, British Columbia.

Found 15 blog entries about Home Buying Blogs – Kelowna.

Should I Buy a Home with a Septic System?Homes with a septic system in Canada are actually better for the environment because there's less risk of raw sewage seeping into the environment. However, septic systems also come with specific responsibilities for the homeowners that they should know before going any further. For those considering buying a home with an older septic system, keep these tips in mind before putting in an offer.

Septic System Requirements

Canadian homeowners are required to follow the building codes laid out by their neighborhood. These regulations may vary from block to block, but buyers should think about the following:

  • State of the system: A septic system will last for about 25 years. The homeowners should know the condition of the system, especially if
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Red Flags to Watch for When Purchasing a New HomeShopping for homes can leave your mind spinning. Knowing what to look for can help you weed out the properties with serious structural damage or maintenance problems. If you're looking for a turn-key property and a smooth buying experience, watch for these warning signs when going to home showings.

Deferred Maintenance

Deferred maintenance can take many forms. A drippy faucet, cracked window, or a puncture hole in the wall are all signs that a homeowner has been neglecting their maintenance duties. While these problems may seem small, they can be a sign of larger poor maintenance practices.

Homeowners often fix up their home before putting it on the market. Those that neglect to do this may have other poor maintenance practices that could lead

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A Homebuyer's Guide to Paying Property Taxes in CanadaWhen buying a home, people need to know about their property tax obligations at every stage of homeownership. Without this knowledge, homebuyers can get caught off guard as tax payments come due. To handle all property tax payments with confidence, homebuyers can fill their minds with information about paying property taxes in Canada early and often. This guide aims to help homebuyers learn all they need to know about property taxes before buying a home.

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

New Builds Require an Upfront Tax Payment

When homebuyers elect to purchase a newly-built home, or have one custom built, they must cover an upfront tax

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Debt-to-Income Ratio BasicsSome may think that they are finally ready to buy a home. After all, there are plenty of mortgage loan options to make homeownership more accessible. That being said, the amount of current debt one has can make it harder to qualify for a conventional or other type of mortgage loan.

Debt-to-income ratio is one of a few important factors a lender will review when making their determination to approve an applicant for a home loan. Understand more about what a lender wants to see when it comes to debt-to-income ratio.

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

What Is Debt-to-income Ratio?

An applicant may think that they have a high likelihood of

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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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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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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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How to Survive a Bidding WarBuying a home in a high-demand neighbourhood requires a calculated approach. Buyers who are organized and ready to meet sellers' needs are more likely to win a bidding war. It is also vital to keep calm and realize that home buying is short, but homeownership is long-term. People should not get swept up in the game, just because they want to win. Competition is sometimes unavoidable, but extra preparation and a quick decision could make all the difference.

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

Organize Financing

Although almost anyone can make a purchase offer, the guarantee of funding can set buyers apart from their competitors. People

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What You Should Know About New Home Building TechnologyMost homeowners know that home building and home tech has definitely made some advancements in the past few years. From robots to 3D technology, developers and construction foreman now have plenty of options if they're looking to upgrade their process. And while this progression may not be happening as quickly as burgeoning technology companies would prefer, the trends are already pointing to some rather notable achievements.

Virtual/Augmented Reality

Before a construction crew even gets started on a site, they first need to be informed of the specific hazards they'll face when working on the property. This isn't always easy to do—especially if the foreman hasn't first correctly identified all of the risks. That's why virtual or augmented

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