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Real Estate Blog

Real Estate Terms To Know Before You Purchase a HomeBuying a home is an uncommon experience for most people. As a result, many people are unfamiliar with the terms and phrases that industry professionals use. This glossary of real estate terms can help you understand some of the most common words that get used in the process of purchasing a home.

Mortgage

A mortgage is a loan to a home buyer to help them purchase their house. Most people need a mortgage because they don't have the full amount of money required to buy a house.

Mortgages last 5 years. At the end of the 5 year period, unless the mortgage has been fully paid off, the homeowner must refinance and get a new mortgage. Many homeowners take 25 years to repay their loan. If a homeowner decides to move to another house before the home is

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A Modern Homeowner's Guide to Alternative Countertop MaterialsKitchen renovations constitute big business on the home scene, and one of the most common upgrades includes replacing older kitchen counters. The midrange value of a kitchen remodel in 2018 topped $63,000. If a kitchen redo is in your North Calgary home future, here's what you should know about the various types of counter materials, their cost and their expected return on investment.

Here are eight of the best available options for trendy kitchen countertop types and updates:

Natural Stone

While granite and marble are perhaps the best known, soapstone is another natural stone with historical roots in New England. It is rustic, yet upscale in appearance, and is usually grey or dusty green in color. It blends well with stainless appliances and

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Seasonal Home Maintenance Tasks Homeowners Should Do Each YearThe type of maintenance that homeowners need to perform for their properties is often dependent on the time of year. The cost, details, and location of necessary maintenance relates closely to the weather. Creating a calendar checklist helps people prepare for times that they will need to do more work. It also makes it easier to spread out the workload, so that they have more time for leisurely pursuits. This guide helps homeowners identify the home maintenance tasks they need to do throughout the year, organized by season.

Preparing for Home Maintenance and Upgrades

Experts suggest that homeowners plan to invest 1-5 percent of their property's value in home maintenance and upgrades each year. This can be a wide range from year to year, depending

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Difference Between a Single Family Home, Condo, and Town HomeCondos, single-family homes, and town homes are very different from one another. The type of property you buy when you're looking for a place to live can have a big impact on your happiness and quality of life. In the right home, you should be able to live out your preferred lifestyle. If you choose the wrong type of home, you could find yourself struggling to maintain the type of life you enjoy.

Knowing the difference between the types of properties can help, especially if you are a first-time home buyer. If you're thinking about buying a place soon and you're not sure whether you should buy a town house, condo or a single-family home, here's what you need to know.

Single-Family Home

Single-family homes are independent structures sitting on

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Should You Buy a Wood Frame or Brick Home?Whether you're building or buying a home, you'll have to make a multitude of decisions as you acquire your new home. Two of the most common building materials are brick and wood. Knowing the differences between these two materials can help you decide which one is right for you.

Brick Homes: Advantages and Disadvantages

If you're a home buyer who is thinking about purchasing a brick home, there are many factors to consider.

Pros:

  • Brick homes have a traditional stately appearance that some buyers appreciate.
  • They never need to be painted.
  • Brick retains heat well and can stay warmer for longer in cold weather.

Cons:

  • Brick is more expensive than wood.
  • Because brick is never painted, the home will always look the same.
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With a goal of selling quickly, picking the right list price is vitalThe familiar rhetoric about location as the primary determinant of North Calgary real estate value is only partially true. Where a property is situated is a part of the equation, but equally important to a home's value are the square footage, the style and the amenities. So, just what should a seller consider when setting a price? And how is it possible to determine that a price is neither too high, nor too low, for current market conditions.

Underpricing can, on occasion and in a hot market, help to promote a bidding war, but it is risky. Overpricing, on the other hand, often means that a home will be on the market longer than it should be, and a seller will often have to reduce the listing price one or more times. Here are some tips about how to set

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Picking the Right Buyer: What You Should Know About Selling Your HomeWhen the time comes to sell your Calgary home, there is more to selling than simply staging the home. Choosing the right buyer is just as important. A good buyer will help ensure the process of selling your house goes smoothly. Failure to select the right buyer could lead to home selling delays or even a canceled purchase contract. Here's what you need to know.

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

Know the Warning Signs

Home buyers tend to follow a pattern. Good home buyers send their paperwork promptly, ask for what is fair and not more, and work with a real estate professional. Uncooperative home buyers will display warning signs that

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Making Your Home Wish ListWhen buying a new home, especially in a sellers market, buyers typically have a general idea of what they want out of the home. Maybe three bedrooms, at least two bathrooms. But what about countertops and floors? Keeping everything organized can be difficult, especially for buyers who really want something specific. Keeping a wish list can help buyers make sure they aren’t forgetting anything important when going to showings or missing the forest for the trees. Here are some of the important things buyers need to consider when deciding what they want out of a new home.

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

Wants and Needs

The first thing a

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Protect Your Home From Water Damage by Maintaining Gutters ProperlyIt is one of the areas of homes many homeowners don't give much thought to until there is a problem. And when selling a home, clean gutters can eliminate a potential inspection item. By then, however, gutter problems may be difficult or more expensive to resolve. Improper gutter maintenance can cause:

  • Damage to a home's siding
  • Damage to the roof line
  • Foundation problems
  • Puddling
  • Annoying leaks and overspill

Here are some simple ways you can keep your gutters better maintained.

Make Sure Downspouts are Draining Properly

The downspouts are the vertical pipes that take water from the gutters along your roof, down through to the ground or for dispersal away from the home. It is absolutely critical that these downspouts flow

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Fireplace Safety and MaintenanceA wood-burning fireplace can add warmth and coziness on a cold night. A fireplace can also be an item many home buyers may desire when looking for homes to buy. However, a fireplace that is not properly maintained can create a potential safety hazard for occupants. Learn what to do with a fireplace to reduce the potential for injury from a home fire.

Fireplace Safety

Gases and embers are emitted from a fireplace. To ensure the safety of occupants, have a fireplace professionally installed and located on a non-combustible surface. Do not place objects that may overheat or catch fire in a one-metre area around the fireplace. Carbon monoxide poisoning is a real danger as the gas is odorless and hard to detect with human senses. Reduce the risk for

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