Real Estate Blog / Data - Blog Archive: May, 2020

May 2020

Found 17 blog entries for May 2020.

Renting Vs. Buying


There are many pros and cons to both renting and buying a home, and both need to be weighed equally depending on your current life and financial situation. Ultimately, you will have to determine what is in your best interest.

Renting:

Pros:
You are not responsible for fixing or replacing anything associated with the home, like the furnace, water heater, appliances, or roof.

You are not responsible for paying the property taxes.

You may find that your living expenses are lower because you do not have to worry about the extra costs that come with owning a home.

You don’t have to worry about the housing market taking a downturn.

Cons:
Renting an apartment or sharing a home means dealing with people living below, above,

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Outdoor Living


When summer comes around, there is nothing like being outdoors. Make your outdoor living space more enjoyable with the following tips:

Plan Ahead: Before designing your outdoor area, have a plan and a vision for what you want out of your outdoor space.

What do you want it to look like?

What is the purpose of creating the outdoor space?

What can you afford?

 

Furnishings: Choose proper furnishings for their function and for the space you want to use. Is it meant solely for entertaining? Is it a peaceful retreat? Is it both?

Landscaping: Consider installing a deck or extend the one you already have. Maybe a stone patio is more to your liking. Think about what plants, shrubs, and potted flowers you want to complete

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Housing Types


When searching for a new home, you need to determine what type of home you would like. There are many types out there and all have different benefits. Below is a list of the numerous styles to assist you with your house-hunting process.

Bi-Level: A bi-level is when the home is split into two levels. A good indicator of a bi-level is when, walking through the front door, you are immediately greeted by stairs going up or stairs going down.

Bungalow: A bungalow is a home with a main floor and no upper level.

Split Level: This type of home is split into 3 or 4 levels. A good indicator is when you walk in the front door and there are stairs going up or down. The upper level will have further stairs going to another upper level, while

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Feng Shui Your Home

What is Feng Shui?

Feng Shui is a 3000 year old ancient art that was first established in China, and has been integrated into many Western homes. Feng Shui is about balancing the energies of any given space. To have good Feng Shui in a home means that good energy will flow throughout the house, and, ultimately, bring good fortune.

There a few basic ways that you can change your home so that harmony and good energy can flow throughout the house.

Check the outside of your home. You want to have a clear passage way to your front door. A tree blocking the path to the front door, or anything else that might impede the flow of chi, or energy, might create energy blockages. Good energy will have a hard time getting through your

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Buying an Acreage


Buying in a rural area comes with a whole new set of factors than when buying in urban areas. Below are a number of things to take into consideration when looking at purchasing an acreage.
Find a real estate agent who is knowledgeable about acreages so the decision making process is a little bit easier.
Bylaws and Restrictions: Each county and zone has certain bylaws and restrictions. Determine what they are to avoid encountering any future problems.

GST: Determine if the applicable GST is part of the purchase price or if the seller will be responsible for it.

Land and Surrounding Areas: Determine what the area is like for soil, if it will cause problems if flooding should occur, and if the soil and rock formations are

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At Least Mortgage Rates Are Low - Historical Data


ATB Economics

May 13, 2020

 
 
 
At least mortgage rates are low ...
 

It can be tough to afford a home at the best of times, but with unemployment up and hours worked down, the dream of owning a home is likely more distant for many Canadians now than it was before the pandemic. 

 

And while not every homeowner or renter is in the same boat, the current economic turmoil combined with a recovery period that looks like it will be long rather than short will stretch the finances of many households.

 

A

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Checklist For Moving

The best and less stressed way to move is to break it down into bite-sized pieces. Below is a list to help organize you for the big day.

Two months prior to the move:
Declutter and get rid of things you no longer need.
Investigate movers and rental trucks. If you are getting an estimate, make sure to get it in writing.

4-6 weeks prior to the move:
Gather supplies including, boxes, packing tape, markers, bubble wrap, newspaper, and other types of moving containers.
Make arrangements to have your mail forwarded by Canada Post.

2-3 weeks prior to move:
Inform your utility companies of the move.
Take household chemicals to the proper disposal facility.  
Send address changes to doctors, dentists, insurance companies, banks,

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Alberta Home Buyer Protection Act


As of February 1, 2014, the Government of Alberta issued the new Home Buyer Protection Act. This act means that all new homes (condominiums, single detached family homes, duplex, multi-family, recreational properties, and manufactured homes) will have a warranty attached to them.

The warranty was set in place to protect buyers of brand new homes from anything that could go wrong with the home due to labour, material, or structural issues.

The following is a summary of what the new home buyer warranty includes:

One year warranty for labour and materials. This includes any issues with regards to how the home was built and the materials used.

Two years for any defect in labour and materials that are related to

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Knowing When It’s Time to Renovate or to Move


Sometimes, it’s hard to determine if you should take the time to renovate your home, or just pack up and move. Both options have their own pros and cons, and it’s hard to determine what the best option is. Below are a few things to consider when making your decision between renovating and moving.

What types of changes or upgrades would you like to make? Make a list of the types of changes you want to see in your home. Make sure to include everything that you would like to renovate. At this point, don’t think about cost, but what it is you would like.

List the pros and cons of renovating and moving. What will work for you and your life situation? Can your current home be renovated to meet your needs?

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