Found a property that needs work?
Posted by Liv Real Estate on
Estimating Edmonton renovation costs before you buy.
By Camillo Esposito, Owner of Independent Bath & Renovations: https://www.independentbath.com/ You found a house or a condo in a mature neighbourhood you love but it needs some attention for you to call it home. Established neighbourhoods provide mature trees and landscaping, shopping, a central location and a ton of convenience many people are drawn to. The trade-off is updates and repairs are sometimes required for homes in older neighbourhoods. The challenge becomes, how can remodelling costs be calculated to ensure the combined totals of your mortgage and improvements do not exceed your budget? Ballparking renovations can be a minefield for established contractors as the scope of work is unique…1158 Views, 0 Comments
We live in the digital age. It seems that everything is getting more intelligent: from phones and TVs to toasters and washing machines. And home devices are part of this technological trend. In this article, Upkeep Media Inc., after successfully working with many property managers, looks at the best smart home devices that attract new tenants and save you money on your rental property.
In August the City of Edmonton updated their Secondary Suite zoning bylaws, making it easier for property owners to add a secondary suite to their property. The city expects to see 500 new legal suites in duplex homes, 600 in row-houses and about 550 in homes on small lots around the city, which has greatly increased interest for Secondary Suites in Edmonton’s Real Estate market.
Here are the top 3 reasons you should consider adding a secondary suite to your home
Income Properties
Adding a secondary suite to your property adds a new income stream, increasing your monthly income without requiring more of your time or effort. This money can easily go towards paying down your mortgage, building up your savings or even paying off debt. The decision to…
On Monday Edmonton city council unanimously voted to approve changes to zoning bylaws allowing suites in semi-detached, duplex and row housing. There is no longer a minimum lot size requirement for secondary suites, which opens up the opportunity to add suites on smaller lots. They also loosened restrictions on the size and location of secondary suites, relative to the primary dwelling.
All secondary suites must have one off-street parking space on the property unless the home is in an area with access to high-frequency transit, including 600m from LRT or transit centres, and 150m from transit avenues.
One of the benefits of these changes is that many suites that currently exist illegally in semi-detached homes around the city can be legalized. In…
On Monday, August 20, City Council will be voting on whether to approve changes to the Zoning Bylaw to make building secondary suites (basement suites) easier in Edmonton.
The proposed changes are extensive and would allow secondary suites to built:
Considered long overdue by many, there are changes proposed to the condominium property act in Alberta that may arrive sometime in the not too distant future. We first wrote about the proposed changes on this blog in June, 2011. The government is looking for changes and open houses have been scheduled in the coming months as follows:
Building a deck will enhance your outdoor living space by giving you a place to relax, dine, entertain and spend time as a family. Building a deck will increase your own personal enjoyment of your yard and will also enhance the value of your home.
Photo credit: Alberta Vinyl Decking & Railing Ltd.
Here are some reasons why you should build a deck:
Over the years I've been involved in hundreds of sales where parents were helping their kids buy a property, and I've seen that "help" come in many different forms. There are some good ways for parents to help their kids by a home, and some things that should definitely be avoided. So, here are my tips for the best ways for parents to help their kids buy a property:
Today we're attended the always informative Housing Forecast Seminar put on by the REALTORS® Association of Edmonton. We always get tons of insight on the market and what to expect at the seminar that I'll be sharing here.
James Mabey; Chair, REALTORS® Association of Edmonton
Single-family home sales were down 5.4% in 2016 compared to 2015, and condos were down 14%. A further decline of 1.7% in single family home sales in 2017 is predicted. Mortgage rates are expected to have minimal impact in 2017. Condo sales are expected to remain stable in 2017. Total residential sales are expected to decrease about 1% in 2017. Single family home sales hot spots were Summerside, Windermere and The Hamptons in Edmonton in 2016 and Westpark in Fort…