Renting Vs Buying A Home 

https://www.youtube.com/shorts/W57B065M2n4 Buying or selling Edmonton Real Estate contact us at Gurpreet Ghatehora Realtor ® RE/MAX RIVER CITY 780-951-6530 OR visit www.searchrealestateforsale.ca edmontonedmontonrealestateagenthomebuyershousesforsalemaintenance#firsttimehomebuyers sellingyourhomedesign#buyingahome edmontonrealestate#housesforsale

 

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Buying a home is one of the most significant investments we can make when securing our future. While the idea of owning a home sounds great, there is a lot that goes into the process.

The Edmonton real estate market is a renowned area with affordable options. As a first-time buyer, commitment is not enough to secure the home of your dreams. Lucky for you, we have all the information you need as a first time home buyer in the Edmonton real estate market.

Credit Score

Your credit score determines how soon you can make your dreams come true. A good credit score is integral in the Edmonton home buying process. Also, lenders prefer to work with individuals with a perfect credit score.

In Edmonton, your credit score needs to range between 650-680 to…

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We can all appreciate the beauty of diversity in the real estate industry. With the right information and resources, anyone can invest and enjoy the benefits linked to this market. Millennials are the country's most influential generation in the real estate market. In a study conducted in Canada, 51% of millennials were renting, and 83% planning to buy a home soon.

With higher incomes and a desire to settle down, millennials are changing housing provisions to accommodate their needs. Edmonton is an affordable yet lucrative location for both investors and buyers. Thus, real estate standards are rising with such a demanding group in the market.  Information below shows how the millennials are changing the Edmonton real estate model.

New Trends are…

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Edmonton has stood out as an area attractive to investors and buyers. Evidently, Covid-19 has caused a snag in the real estate market in Edmonton. With the present recession, homes have retained their value. Due to government involvement in the industry, the real estate industry has been protected against stagnation.  For many individuals interested in buying a home in 2020, the uncertainty is unsettling.

The cause for concern has been primarily on how the pandemic will affect the Edmonton real estate market. Will the mortgage rates decline? Are there people selling and buying homes?  Here is an overview of the Edmonton real estate industry in 2020.

The Real Estate Market is Still Strong

This market has managed to remain stable and grow despite…

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As more and more seniors downsize their homes and look for homes where they can age in place they are looking for homes that have features that will work the best for seniors. Sellers who want to appeal to senior buyers would be smart to do some minor renovations and add features that will make their homes the perfect homes for seniors that want to downsize and age in place like:

Renovate The Bathroom

Most senior accidents occur in the bathroom, so renovating the bathrooms in the home to make them senior friendly is money well spent. To make the bathroom senior friendly the tub should be removed or replaced with a walk in tub. The shower should be expanded and benches or seats should be put inside. There should also be no step into the shower.…

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As people do more and more at home they are insisting that their homes change to adapt to the increased amount of activities being done in the home. Today’s homebuyers expect their homes to accommodate more entertaining, more work, and more living and they need spaces within the home that can make those things easier. It’s not enough for a home to just have a few central spaces and a few bedrooms. Sellers that are looking to get the best prices for their homes should consider renovating to add some of these spaces to their homes because these are the spaces that today’s homebuyers want:

Mud Rooms

Mud rooms are essential for families who need a place where they can drop their bags, boots, coats, and other items when they come in the door. And small…

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Sellers that want to get an offer on their house fast should always be willing to spend a little bit of money sprucing the house up to make it more attractive to buyers. In a newer house there’s usually not that many things that need to be done to make the house look great. But an older home that doesn’t reflect the modern floor plan and finishing’s that buyers today expect could really benefit from a bit up an upgrade when the owners want to sell it. The upgrades that are going to sell homes fast in 2020 are:

New Countertops

Design experts are already predicting that the most popular upgrade that buyers will want in 2020 is new countertops. Quartz countertops are poised to be a huge trend this year after growing in popularity over the last few…

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Today’s home buyers overwhelmingly want open concept homes. That’s great for buyers that can afford new build or renovated homes but what about buyers who don’t have the budget for those homes but still want that openness? Staging can help convince buyers that an older home that isn’t as open concept as they want can still feel open and give them the sight lines they want if they have children.

If a seller is willing to open up the home a little by knocking down a few walls, or even putting pass throughs in between rooms to open up sight lines that’s a smart way to get more buyer interest. But sellers of older homes might not want to put the money into renovation in order to make the home more attractive to modern buyers. That’s where you can use…

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Bonus rooms are in high demand with buyers. Modern living requires a lot of flexibility and buyers want to see that flexibility reflected in their homes. They want spaces that can do double duty as well as spaces for things like working, homeschooling, a home gym, or an entertainment room. Having a bonus space is a big selling point for a home – but should you stage a bonus space or leave it empty to show the possibilities of the space?

There’s a lot of division on this issue. Some professional stagers think that repainting a bonus room and leaving it empty is the best way to show it because it leaves the buyer free to imagine that space for whatever they want. And that definitely is something to consider. Some buyers prefer to see the full size and…

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Industry insiders are already predicting the trends that will be big in 2020 and the features and elements that buyers will be looking for next year. In the coming year there will be more Millennial and Gen Z home buyers looking for their first homes and they have very specific ideas about what they want in a new home. You can advise sellers that these 5 kitchen trends will get them the biggest return on their renovation dollars and make their homes more attractive to buyers:

Quartz Countertops

Say goodbye to builder grade granite in the kitchen. Granite countertops have had their day and now they’re no longer in demand. The hot new material for countertops is affordable, durable, and stylish quartz countertops that give kitchens a clean and updated…

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2023 by the REALTORS® Association of Edmonton. All rights reserved.

Listing information last updated on March 26th, 2023 at 2:01pm CDT.