Renting a property to tenants can help increase a South Calgary household's cash flow and keep the home from sitting vacant. This step requires a lot of forethought, however, as there are many important things to consider. From insurance to taxes, and everything in between, keeping the top considerations in mind can help homeowners avoid common pitfalls and achieve great results. Here's a look at the most important things to know when renting a Canadian property to tenants.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Insurance Companies May Require a Change in Policy
Before renting out a property, Canadian homeowners must first check with their
…
For many people, home flipping is their first experience in residential real estate investment. The job of a home flipper sounds easy: buy a home at a low cost, fix it up to increase its value and then sell the home for a higher cost. Home flipping is a popular activity because it's relatively affordable and many people enjoy the process. If you're new to home flipping, the following seven tips can help.
Buying 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.
Condos, 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.
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.
When 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.
Home closing is the final step of the home buying process. If you're thinking about purchasing a home, or if you're in the middle of buying a home, you should know about home closing. Knowing what's coming, how much money you can expect to spend at closing and what you can do to save money at close can help you have a good home buying experience. Here's what you need to know.
With the advantages of buying a home, many Canadian residents wonder how much home they can reasonably afford. After all, the price of a listed home is not the only factor to consider before making a purchase.
Historic homes are beautiful, romantic and fun to own. However, if you're thinking about buying a historic home and you've never owned one before, preparing yourself can help make the experience a good one. Here's what you need to know about buying a home with historic value.
A different floor plan can help homeowners meet their unique objectives. Buyers may have to ask themselves what they hope to accomplish before choosing among popular floor plans when buying a new home. Times have changed and so have the options available to today's home buyer. Learn more about the open floor plan and traditional floor plan to get real value from a future home purchase.
