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        <title>Real Estate Blog</title>
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    <guid>https://www.airdrierealestate.ca/blog/airdrie-real-estate-market-update.html</guid>
    <link>https://www.airdrierealestate.ca/blog/airdrie-real-estate-market-update.html</link>
        <title>Airdrie Real Estate Market Update</title>
    <description> <![CDATA[ 


Another month is over, so let's look at the Airdrie real estate market to see what's new. It's no surprise that the market is hot, but it's still heating up, and there are other developing trends that buyers and sellers should be aware of. We're going to dive into what this means for home buyers and sellers below, so keep reading to find out all you need to know about the current state of the real estate market in April 2022


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

Your Insider Source for Airdrie Real Estate Market Statistics - Updated Going Into May 2022


April 2022's new listings in Airdrie numbered around 334, which is slightly lower than this time last year, a drop of 1.2. However, it's an increase compared to the past few months.


It's not enough to keep up with demand, however. Airdrie homes for sale are being snapped up as quickly as they come on the market, and the inventory is ever-shrinking. There may have been 334 new listings in April, but Airdrie also saw 321 closed sales, which is a much greater number than last April—an increase in sales of 23.5. Current inventory is sitting at just 247 homes on the market, which is a decrease of almost a third compared to the numbers last April.


Currently, the market has roughly 0.77 months of inventory available, which means that if homes stopped being listed today, it would take just a little over three weeks for all the homes currently on the market to sell. Four to six months of inventory is the general benchmark for a balanced real estate market, which just goes to show how far the Airdrie market is tipped in favour of sellers at this time. Take this into consideration when buying or selling your Airdrie home.


Investing in Airdrie real estate is an excellent choice because our homes remain in high demand. The benchmark price for Airdrie homes for sale hit $480,600 in April, an astonishing 29.3 increase year-over-year, and it's only rising higher. With a shrinking supply to meet the growing demand, it's no wonder that prices continue to climb. It's a good time to be a seller, and if you're buying, it might be a good idea to buy sooner rather than later.


There are also some interesting trends in what kinds of homes are being sold in Airdrie. Last year, the highest number of sales came from homes in the $300,000–$500,000 range, while this year's biggest sellers are homes in the $400,000–$600,000. Luxury homes are more attractive than ever, with the number of sales in the $600,000+ range roughly quadrupling compared to last year.


Airdrie Real Estate Forecast: What's Coming Next?


After going over the current data, it's not much of a stretch to think that the next few months will continue to be a hot market favouring sellers. However, factors like inflation and appreciation can help determine the best time to buy or sell property in Airdrie, so keep these in mind. Want to know what your Airdrie property is worth? Compare your home to others currently for sale with a free market analysis.


Stay Up-to-Date on the Airdrie Real Estate Market With Justin Havre &amp; Associates of RE/MAX First


The real estate market is always changing, and it can be difficult to keep track of all the latest trends. Keep checking back or contact Justin Havre &amp; Associates of RE/MAX First now to stay up-to-date with the latest real estate news.


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

 ]]> </description>
    <pubDate>Thu, 19 May 2022 15:55:00 -0600</pubDate>
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    <guid>https://www.airdrierealestate.ca/blog/architectural-home-styles.html</guid>
    <link>https://www.airdrierealestate.ca/blog/architectural-home-styles.html</link>
        <author>justin@justinhavre.com (Justin Havre Real Estate Team)</author>
        <title>Different Architectural Types to Explore When Buying a Home</title>
    <description> <![CDATA[ 


Are you a home buyer seeking a new Kings Heights home for yourself or your family? If so, you should become familiar with many types of homes available where you live. Architecture styles can vary from one home to the next, and in one neighbourhood to the next. Each type of home has its own benefits. Understanding the differences between these types of homes can help you choose the home that will best meet your needs.


1. Rancher


Rancher-style homes are typically spread out over one floor, although some ranch-style homes have a basement for laundry and storage. Ranch-style homes are practical because they're easy to maintain. With every room on one floor, there's no need to go up and down stairs while doing daily chores.


Ranch-style homes are also good for seniors who may not be able to go up and down stairs anymore, and for families with small children. Without stairs to cause falls, children are free to learn to walk without as much fear of an accident.


Benefits




Easy maintenance


Good for aging-in-place


Excellent for parents of small children




2. Victorian


Victorian-style homes date back to the 19th century, when people liked to live in large houses with an asymmetrical floor plan. Victorian homes are often more than one floor and have many rooms for big families. Because they're older, many Victorian homes need special TLC from a homeowner who has appreciation of their historic value.


Victorian homes may need to be repaired by professionals who have experience working with older materials and who have an appreciation for these older aesthetics. Working with a contractor who has the ability to remodel an older home can help ensure that the historic value of the home will be retained with each new repair.


Benefits




Beautiful exterior and interior


Unique character


Historic value




3. Moderne


Moderne homes usually have a flat roof, large windows, and a unique layout. Moderne homes usually date back to the middle of the 20th century and have more modern plumbing and other systems compared to homes like Victorian and arts and crafts style homes. This means that the maintenance in these homes is often easier and a little less expensive. Moderne homes are good for homeowners who appreciate the moderne aesthetic.


Benefits




Unique character


Historic value


Goes well with modern furniture and styles




4. Craftsman


Craftsman-style homes have attractive craftsman touches like built-in furnishings and crown moldings. These homes usually date back to the early 20th century, so they need extra maintenance compared to some newer homes. Craftsman homes are often spacious inside and may feature a deep porch for time spent rocking and thinking in the evenings. Arts and crafts homes are often enjoyed by people who have large growing families, because they tend to be spacious inside with many rooms.


Benefits




Features functional craftsman touches like built-in furniture


Beautiful architecture inside and out


Good for growing families




Contact Your Real Estate Professional


If you're a home buyer who would like to purchase one of the home types mentioned above, start by working with a real estate professional. Your real estate agent can help you through the home buying process so you can purchase a home that you love for a price you can afford.


 ]]> </description>
    <pubDate>Thu, 19 Mar 2020 09:17:00 -0600</pubDate>
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    <guid>https://www.airdrierealestate.ca/blog/high-roi-bathroom-renovations.html</guid>
    <link>https://www.airdrierealestate.ca/blog/high-roi-bathroom-renovations.html</link>
        <author>justin@justinhavre.com (Justin Havre Real Estate Team)</author>
        <title>A Guide to High ROI Bathroom Renovation Projects</title>
    <description> <![CDATA[ 


Getting a solid return on investment (ROI) from home improvement projects is important for homeowners planning to sell or rent their Windsong home at some point in the future. Real estate and contracting professionals state that certain smart bathroom upgrades could potentially see anywhere between 60–70 percent ROI. These are the top bathroom remodeling projects recommended by the pros for high ROI.


Classic Elegant Stone Walls and Surrounds


Wallpaper and paint will add no value to a bath, but natural stone walls or even ceramic tiles can reap as much as a 50 percent return on investment. Natural stones can last for decades when well maintained, and they certainly add to the room's aesthetic appeal.


Naturally water-resistant stones will require routine cleaning and resealing. When attaching accessories to stone walls, special tools and extra care will be required to safely penetrate the materials without damaging them. Do note that stone tiles can get costly, but they are well worth the initial investment.


High ROI Bathroom Flooring Ideas


As with surrounds and walls, renovators cannot go wrong with stone flooring installations in bathrooms. Buyers readily pay more for the elegant look and feel of these natural elements that have a long lifespan and are typically simple to maintain. Popular options with the best financial return include:




Quartzite


Marble


Flagstone


Slate


Travertine


Limestone




Even if selling or renting isn't in the immediate future, these luxurious underfoot materials should be considered—if not only because stone is the best choice for under-flooring heating systems. No more chilly feet after the bath on cold days


Reclaim Top Value for Top-of-the-Line Tub Installations


Tubs are no longer merely long trough-style containers with drain holes—many modern bathtubs and showers boast spa-like features and amenities. Bathing is essential but also can be a relaxing and luxurious experience, so premier tubs get top dollar from buyers.


Deep soaker tubs with massaging jets, dual baths and oversized showers that are perfect for sharing or solo indulgence…these investments see up to a 70 percent ROI. Innovative accessories and features that buyers desire the most include:




Coloured LED lights


Aromatherapy options


Multiple water spigots and heads


TV and music stations


Steam features




Homeowners who still want to get a bit of bang for their buck but don't want to invest in high-dollar new installs can opt for more affordable re-glazing and overlays.


Show-Stopping Sinks and Vanities


Let's be honest: buyers won't give a second glance to a standard pre-fab sink and cabinet vanity. And they sure won't be inclined to pay extra for them.


So what sinks and vanities offer high ROI? Like designers, remodeling owners need to think out of the box and give the space a touch of class along with functionality. Trends vary between vanities and sinks, and most don't include a traditional drop-in setup.


Freestanding cabinets either open or enclosed create pleasing and convenient setups for free-standing sinks, which are the hottest bath trend with high ROI versus initial investment. The addition of designer label fixtures and focal-point bowls with colours are highly desired by today's homeowners.


Floating vanities are amazingly affordable to install, but are in demand thanks to their minimalist appearance. Because they are composed of long shelves of glass, wood, or marble that literally ‘hang' on the wall, these vanities appear to float. Eye-catching and classy, buyers can get 55-65 percent ROI depending on materials utilized.


These upscale bathroom renovations are wise investments if you're looking to enjoy the amenities or not, but to also get a bit of your cash back should you sell or take on tenants.


 ]]> </description>
    <pubDate>Thu, 05 Mar 2020 09:12:00 -0700</pubDate>
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    <guid>https://www.airdrierealestate.ca/blog/use-a-drone-to-sell-a-home.html</guid>
    <link>https://www.airdrierealestate.ca/blog/use-a-drone-to-sell-a-home.html</link>
        <author>justin@justinhavre.com (Justin Havre Real Estate Team)</author>
        <title>4 Tips for Using a Drone to Sell a Home</title>
    <description> <![CDATA[ 


Drones have become exceptionally popular as of late, especially as the cost to manufacture these devices plummets in price. But despite the seeming ubiquity, we're only scratching the surface of how they can be used to improve any number of industries. The good news is that real estate professionals were one of the first to spot and develop the potential for easy aerial videos. Those interested in learning more about how a drone can be used to secure a better bid on a Luxstone home should consider the following tips.


Be Open


Drones for the average single-family homes may seem unnecessary for many home sellers, especially if they're not in a seller's market. But drone footage can be useful regardless of the home's market value. It ultimately helps attract people who are serious about making an offer rather than the merely curious. Real estate agents will vouch that this selling tactic has made it faster to sell homes on average, simply because it streamlines the potential buyer experience before scheduling open house visits. And while there are some homes that may not justify the expense of this footage, it helps if sellers keep an open mind before discounting the option.


Remember the Rules


Canada has had drone regulations in place since the 1990s when drones were used primarily for the military. For some neighborhoods, local officials may impose heavy regulations on how and where drones can fly. Montreal's law enforcement may issue fines of up to $1,000 for drone operators—without the benefit of a warning. There are a few general rules that home sellers should take note of before getting started:




Homeowners cannot fly a drone in a restricted airspace


Drone operators are required to yield to children and animals whenever in use


Operators are not allowed to take any photos or videos of neighbors without their express permission




Consider a Professional


While it will be more expensive, this can be a great option for many sellers. As noted, the rules can become complicated in certain neighborhoods, and the right operator will take on the responsibility to capture captivating shots without breaking any of the laws. For example, there may be specific times of the day when a drone is prohibited from flying. A professional will also understand how to edit the footage to create the images that will pull a buyer in and bond them to the property.


Know What to Show


Ideally, sellers should be showing buyers the reality of their home and even the larger neighborhood. This may include showing the specific amenities near the home, such as community centers or grocery stores. It can also highlight the conditions of the roads and sidewalks that surround the home. Let the drone capture the beautiful colors in the garden and the strength and stability of the roof and sides of the home.


A real estate agent can be a serious asset to sellers who want to use drone footage to sell their home. They can let sellers know the top priorities of the average in the neighborhood. For example, are sellers in an area where buyers want plenty of room to stretch out or would they rather be in a city center where everything is right outside their door? This information is vital to sellers who want to portray the home in the best possible light.


 ]]> </description>
    <pubDate>Thu, 20 Feb 2020 08:07:00 -0700</pubDate>
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    <guid>https://www.airdrierealestate.ca/blog/different-home-architectural-styles.html</guid>
    <link>https://www.airdrierealestate.ca/blog/different-home-architectural-styles.html</link>
        <author>justin@justinhavre.com (Justin Havre Real Estate Team)</author>
        <title>Differences in 4 Home Architectural Styles</title>
    <description> <![CDATA[ 


The style of home you buy can have a big impact on your quality of life, things you do in your spare time and your family's overall growth. If you're a home buyer who will soon be looking at homes available in the neighbourhoods where you want to live, it's helpful to know what architectural styles will be best for you.


Residential architectural styles have evolved over the years. They've gone from large in the Victorian era, to smaller and more easy to manage in the 20th century. Knowing which styles suit your lifestyle best will help you narrow your choices when trying to select a Bayside home.


Ranch Style: Perfect for Aging in Place


Ranch-style homes are generally all on one floor, although some ranch-style homes do have basements with laundry facilities and room for storage. Because they're all on one floor, ranch-style homes are perfect for aging in place. They're also a smart choice for homeowners with small children who are just learning to walk.


Ranch homes tend to be easier to maintain, because there's little or no walking up and down stairs when performing daily chores. These homes are practical, which makes them a good choice for people who want to spend less time on home maintenance.


Victorian: Romantic Hideaway for the DIYer


Victorian homes tend to be multiple stories. These structures have textural siding made from different kinds of shingles and siding boards. On the outside, Victorian homes tend to be colorful and decorative. Inside, Victorian homes often have original woodwork and craftsman details that make them stunning to look at. For homeowners who have difficulty walking up and down stairs, Victorian homes can be a challenge.


Their age and large size also makes Victorian homes difficult to maintain. Temperature control inside Victorian homes can be a challenge. Often, these homes have old plumbing and electrical wiring that can present home hazards. This type of home will need more than the average amount of maintenance to look its best.


Split-Level: Practical and Easy to Maintain


Split-level homes were most popular in the 1960s and 1970s. Compared to Victorian homes, split-level homes are far more practical. Although they do involve stairs, the differences between levels tend to be less than a storey, so homeowners in split-level homes have far less walking up and down stairs to do.


Like ranch-style homes, split-level properties tend to be very practical to maintain. They're also relatively new (often newer than ranch-style homes), so the wiring and plumbing and other features may need less maintenance overall. This is a practical home for people who want to spend as little time as possible on maintenance.


Millennium Builder: Big and Beautiful


Millennium Builder homes are large and boxy, often built with stucco or sometimes brick veneer. Millennium Builders are often multiple storey homes, with lots of stairs going up and down. These homes are newer than the other styles mentioned in this article, and should require the least amount of maintenance. Most Millennium Builders were built in the last 30 years, although some homes go back to the 1980's. This makes these homes suitable for many modern lifestyles.


Contact Your Real Estate Professional


If you're a home buyer looking for a property, whether it's a Victorian home, ranch-style home or some other architectural style, contact a real estate professional with experience in the areas where you would like to buy a home. Working with a real estate professional can help you get the right home at the right price.


 ]]> </description>
    <pubDate>Thu, 06 Feb 2020 06:51:00 -0700</pubDate>
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    <guid>https://www.airdrierealestate.ca/blog/bad-home-improvements.html</guid>
    <link>https://www.airdrierealestate.ca/blog/bad-home-improvements.html</link>
        <author>justin@justinhavre.com (Justin Havre Real Estate Team)</author>
        <title>3 Home Improvements to Avoid Before Selling Your House</title>
    <description> <![CDATA[ 


You may have heard that home improvements make your Woodside home easier to sell. While this is frequently true, it's not always true. Knowing which home improvements can actually make your home harder to sell can be very helpful, if you're thinking about listing your home in the near future. Below are three home improvements that may complicate the home selling process or reduce your home's value.


1. Landscape Changes That Complicate Exterior Maintenance


Home buyers like homes that are easy to maintain. Landscaping changes that require the homeowner to do a lot of work can make some home buyers think twice about purchasing a property. For example, stay away from landscaping changes that would require the homeowner to water their lawn more than average, or that would require the homeowner to prune plants several times each year.


Opt instead for plants that need minimal watering and minimal care. Drought-tolerant plants and native plants, for example, often thrive on the natural conditions in the area. These plants are good for the environment, easy to care for and desirable to buyers.


2. Changes that Make Your Home &quot;Stick Out&quot;


Many home buyers can be deterred by properties that seem strange compared to their neighbors. For example, a home that is painted a strange colour compared to the surrounding houses may be harder to sell. If you're painting your home before listing your house for sale, choose a colour that looks good with other homes nearby. If you need guidance on how to do this, find out more by consulting with a real estate professional.


3. Removal of a Bedroom


Home buyers like to have space to fit guests and many children. Removal of a bedroom can reduce the number of people who would be interested in purchasing the home. Any change that might involve removal of a wall to combine one bedroom with another room of the house is likely to reduce the value of that home.


Work With Your Real Estate Professional


If you're planning to sell your home sometime in the near future, and you're not sure which home improvements will be most valuable, work with a real estate professional. Your real estate agent can help you decide which home upgrades will make your home desirable to buyers.


 ]]> </description>
    <pubDate>Thu, 23 Jan 2020 08:01:00 -0700</pubDate>
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    <guid>https://www.airdrierealestate.ca/blog/the-foreclosure-process.html</guid>
    <link>https://www.airdrierealestate.ca/blog/the-foreclosure-process.html</link>
        <author>justin@justinhavre.com (Justin Havre Real Estate Team)</author>
        <title>Received Notice to Foreclose on Your Home? A Guide to the Process and Resolution Tips</title>
    <description> <![CDATA[ 


Canadian homeowners who fall behind on mortgage payments for one reason or another are likely to have a tough road ahead. Lenders will not wait long before taking action against those in default on their loans through one of two courses of action—a power of sale or judicial foreclosure—depending on the province in which the residence is located.


Residents of Prince Edward Island, Ontario, Newfoundland, New Brunswick and Labrador will likely face a foreclosure process known as a power of sale. Those residing in Quebec, Alberta, Nova Scotia, British Columbia and Saskatchewan are typically served with a judicial foreclosure. We shall explain the process of both actions and offer some potential solutions and remedies at a Morningside homeowner's disposal.


For informational purposes only. Always consult with an attorney, tax, or financial advisor before proceeding with any real estate transaction.


The Process of a Power of Sale in Foreclosure Proceedings


The power of sale gives owners a bit more of an opportunity to get themselves out of arrears through cooperation with the lender. While it's the most common type of Canadian foreclosure, it's not the cheapest to get through. Notice of a power of sale can come in as little as 15 days after the first late mortgage payment, but it's not yet too late to save the home.


First, owners should call the lender as soon as they receive the notice and request to negotiate a payment plan before the power of sale action begins. Many lenders will be amenable, as they don't want to deal with foreclosures either. Taking action fast might prevent expensive legal involvement, which will ultimately equate to further expenses for the homeowner.


Those with home equity in place will surely want to reclaim that investment and perhaps can use it to get the home out of arrears. Once served with a power of sale, borrowers have 37 days to tackle the resolution process before the lender can take any action to sell or remove owners from the home. In the case of statutory sales, owners have 45 days to get the funds requested by lenders and get the home in good standing again.


If no action is taken or efforts to pay back debt fail, after 37 days, lenders serve owners with a formal statement of claim for outstanding debt in addition to a notice of possession of the property. There will be a 20-day period at this point to give owners the chance to file a defence statement with the court, and this is an imperative step for those who want to stay in the home and protect their investment and equity.


Failure to reply leads to an automatic default judgment for lenders along with a writ of possession that leaves owners defenceless unless there is a serious issue with the lender. At this point, the lender can start the eviction process, auction the home, and use the funds to pay off the debt. Remaining funds (if any) from the sale's proceeds will then go to the borrower.


So, how do you prevent the power of sale notice from getting this far? Most commonly, homeowners utilize the equity in their home to establish a new first mortgage to pay off the defaulted mortgage or arrange for a second mortgage. These are effective options that should be explored immediately when financial issues begin to arise.


Judicial Foreclosure in Canada and Possible Solutions


In a judicial foreclosure, the process is wholly controlled by the courts, so it's vital owners don't ignore any notices sent. Doing nothing will default the owner's position and cement the loss of the home and any equity in it. The procedures will start when lenders file a claim statement with the court, and owners are then served with a copy of the statement. They have approximately 20 days to submit a formal reply in the form of a demand for notice or a statement of defence.


The owner's statement will then be reviewed, and if the courts deem it warranted, they may issue a redemption order giving the debtor time to resolve the situation by bringing the loan back into good standing. Redemption orders typically last six months, and this gives owners time to talk to a financial specialist who can help them consolidate their debts. Then, homeowners can deal with a mortgage professional to talk more about applying for a new mortgage to get out of foreclosure altogether.


Don't Wait Until It's Too Late to Save Your Home


Yes, you will have to invest a bit of money to explain your financial situation and then further pay financial and mortgage experts fees to save your home. However, if you have even a small amount of equity, it is well worth your time to take action the minute you realize you will be late on a payment rather than even waiting for that first notice to arrive.


For informational purposes only. Always consult with an attorney, tax, or financial advisor before proceeding with any real estate transaction.


 ]]> </description>
    <pubDate>Fri, 10 Jan 2020 09:16:00 -0700</pubDate>
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    <guid>https://www.airdrierealestate.ca/blog/winterizing-your-home.html</guid>
    <link>https://www.airdrierealestate.ca/blog/winterizing-your-home.html</link>
        <author>justin@justinhavre.com (Justin Havre Real Estate Team)</author>
        <title>4 Easy Ways You Can Winterize your Home</title>
    <description> <![CDATA[ 


When the cold weather starts coming, Willow Brook homeowners are always told they should winterize their home to protect it. Winterizing gives a home extra help so it can stand up to extreme weather conditions. Winterizing sounds like it’s difficult and time consuming, but there are many ways homeowners can do it, and many of them are quick and easy. Here are some ways to winterize a home any homeowner can do.


Insulate Water Pipes


While insulating pipes may sound like a lot of work, it’s actually very easy. While homeowners can wrap sheets of foam around the pipes to insulate them, there are simpler ways. First, the homeowner can open the cupboards enclosing the pipes. This is especially helpful for sinks positioned on the exterior wall of the home where they’re exposed to the most cold. 


Second, homeowners can also let their sinks trickle water through the winter. If the water is allowed to trickle, it doesn’t allow the water in the pipes to stay still. This helps prevent the water from freezing, which in turn helps prevent the pipes from bursting. 


Change the Furnace Filter


In order to keep working properly, appliances need to be maintained. When winterizing a home, special care needs to be given to the furnace. Homeowners can hire a professional to do a tune-up, but one of the easiest ways to help ensure a furnace keeps working properly is simply by changing the filter. Most furnace filters need to be changed every three to four months, depending on the model and the size of the filter. Once the weather starts getting cold and the homeowner starts using the furnace, they should change the filter so the furnace doesn’t strain itself. It can also be helpful for homeowners to change the filter more often during the winter than they would normally.


Run Ceiling Fans in Reverse


Ceiling fans are great for cooling rooms during the summer, but they can also be great for warming rooms during the winter. Most ceiling fans have a switch on their base to reverse the direction the blades turn. When the blades are moving backwards, they force collected warm air back down, warming it. Using this strategy can be a good way to warm a home without relying quite as much on the furnace. This gives the furnace a much-needed break, and it uses less energy as well. 


Block Drafts


When a homeowner is trying to keep their home warm, nothing cools it down faster than a cold draft. Drafts get into homes most commonly through doors and windows. Before the weather gets too cold, the homeowner can go around the home’s exterior and fill in gaps with caulk to prevent drafts. 


Another way to cut off drafts is by replacing weather stripping under doors. Weather stripping is often made from rubber, and it will naturally crack and warp over time, which allows drafts into the home. If neither of these options are possible, the homeowner can also use a door snake or draft stopper. The door snake will need to be readjusted every time the door it’s in front of is opened, but they’re handy in a pinch.


For homeowners who live in a cold climate, winterizing is a must. By taking these quick and easy actions, or by using other winterizing strategies, homeowners can help ensure the cold doesn’t damage their homes.


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    <pubDate>Thu, 12 Dec 2019 09:45:00 -0700</pubDate>
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    <guid>https://www.airdrierealestate.ca/blog/real-estate-investment-types-you-should-know-about.html</guid>
    <link>https://www.airdrierealestate.ca/blog/real-estate-investment-types-you-should-know-about.html</link>
        <author>justin@justinhavre.com (Justin Havre Real Estate Team)</author>
        <title>Real Estate Investment Types You Should Know About</title>
    <description> <![CDATA[ 





The differences between residential and commercial real estate are in some ways obvious and in some ways not. Residential real estate investment usually involves the purchase, sale, flipping or rental of residential properties. Commercial real estate investment may involve purchase and sale of commercial real estate, and it may also involve the rental of commercial real estate to business tenants. Some major differences include:




Residential real estate investment often requires less money to get started.


Commercial real estate is often more dependent upon a good economy to be lucrative.


Commercial real estate can involve bigger returns.




Within the commercial and residential real estate categories, there are different types of investment. Knowing the different types of real estate investment can help Hillcrest home buyers decide whether real estate investment is for you. If you're a beginner who is thinking about getting into real estate investment, 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.


Residential Types


Residential real estate can be broken into three major categories.


Fix and Flip


Fix and flip real estate investment starts with buying a home that could use repair or maintenance. Once the home is purchased, it's fixed up to increase its value, then it's sold again. Fix and flip is a good investment for people who are handy and who like to fix things themselves. Those who must hire a contractor to make all the repairs will make less money when the house sells again.


Single-Family Home Rental


Single-family home rental is a good way to rent to tenants and make money on the side. Many landlords with rental homes are people who have inherited a house and have decided to keep the property and rent it instead of selling it.


Single-family home rental is an easy way for everyday people to get started with real estate investment. People who would like to purchase and rent a single-family home need to understand tenant rights and tenant protection laws in their area, and should consult with a lawyer before getting started.


Multi-Family Building


Multi-family buildings can be a bigger investment and may require more money up front, but they can also make more profit. Multi-family buildings are properties with multiple units for rent to multiple tenants. When someone moves out, as long as other units are occupied, the building will continue to bring in money. Often, landlords of multi-family buildings will hire a property manager or a superintendent to take care of the property.


Commercial Types


Like residential real estate, commercial real estate can be broken down into different categories. Each type of commercial property is very different. Choosing the right type of commercial real estate for the area is important.


Retail


Investing in retail real estate involves the purchase and rental of a property, which could be used for retail purposes like restaurant space or a store. Some retail space has multiple units for multiple types of businesses. Some retail space is even a mixture of retail on the first floor, and office space or apartment rental on the floors above.


When choosing a retail space, it's important to analyze the location, the economy in the area and the condition of the building. Shoppers are often deterred by businesses in poor condition, and if the economy is bad, they may not be able to support those types of businesses. This can make it difficult for a landlord to keep a tenant in their space.


Industrial


Industrial real estate space is often specialized for the type of tenant who is renting the space. Industrial real estate can be very lucrative but it is difficult to get into because it requires specialized knowledge of the needs of the tenant. However, investors who have the start up capital and who are able to invest in specialized equipment for their tenants may be able to bring in a lot of money over time.


Office Space


Office buildings typically consist of multiple tenants who rent the space for their businesses. Like a multi-family apartment building, even when one tenant moves out, the building will continue to bring in money as long as the other tenants remain in place.


Like retail space, office space must be well-maintained in order to keep tenants happy. Landlords who take care of their property can charge more for the use of their space, and may also find it easier to keep their tenants over a long period of time.


Contact a Real Estate Professional


Are you thinking about getting involved in real estate investment? Then it's time to align yourself with some professionals. Contact a real estate agent in your area to learn more about the business, learn more about investment in the area where you're located, and decide which type of investment is right for you.


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




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    <pubDate>Wed, 27 Nov 2019 07:48:00 -0700</pubDate>
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    <guid>https://www.airdrierealestate.ca/blog/how-to-clean-before-a-home-showing.html</guid>
    <link>https://www.airdrierealestate.ca/blog/how-to-clean-before-a-home-showing.html</link>
        <author>justin@justinhavre.com (Justin Havre Real Estate Team)</author>
        <title>How to Clean Before a Home Showing</title>
    <description> <![CDATA[ 


Deep cleaning can make a fantastic impression when showing your home for sale. Although it may seem like a lot of work, you can break the task down into more manageable steps to make your house sparkle. Home preparation is one of the most crucial steps for selling your home; don't let clutter delay your sale This blog post will cover some of the most important areas to clean when you're preparing your house for sale.


Start from the Top Down


When cleaning your home for a showing, starting from the top down is essential. This is because dust will settle as you clean, and you do not want potential buyers to see a layer of dust on your surfaces. Start by dusting ceiling fans, light fixtures, and top shelves. Then, move on to cleaning mirrors, windows, and other glass surfaces. Once that is done, you can vacuum or mop the floors.


Don't Forget the Details


The little things matter when trying to make a good impression. Make sure to clean door handles, light switches, and doorknobs. Potential buyers will be touching these surfaces, so you want them clean. Wipe down countertops and tabletops too. Consider putting out fresh hand towels and soap in the bathrooms.


Let the Light Shine


Make sure all curtains and blinds are open so potential buyers can see your home in all its glory. Turn on all the lights, too, so that prospective buyers do not have to strain their eyes when looking at your home. Lighting needs vary from room to room, but brighter is usually better for home showings.


Check for Cobwebs


Nothing deters would-be buyers faster than cobwebs. To get rid of them, use a vacuum cleaner with attachments to reach into tight corners and crevices. If you do not have a vacuum cleaner, you can use a broom or duster to remove the cobwebs. Just be careful not to spread them around too much. You may need to use a ladder for challenging areas like high ceilings. Be careful when climbing, and always have someone hold the ladder steady.


Clean the Windows &amp; See the Difference


Cleaning the windows inside and out brings in light. Many people forget to clean the outside of their windows, but it is important to do this to maintain a clear view. If you have windows that are difficult to reach, you may need to hire a professional window cleaning service.


However, cleaning the inside of your windows is something you can easily do yourself. Start by dusting or vacuuming the window sills and frames. Then, using a gentle cleaner and a microfiber cloth, clean the glass in a circular motion. You may need to use a razor blade or scraper for tough spots. Once you have finished cleaning the inside of your windows, open them up and let some fresh air in.


Spot-Wash the Walls


When was the last time you cleaned the walls in your home? They might need at least a spot wall washing to ensure they shine. They may need more as you get started and see how hard it is to just clean the walls in a spot.


If there is damage, cleaning will also make it look less damaged for your sale. Use a moist cloth with a drop of soap for spot wall washing. Use a moist flat mop for a complete wall washing. You may need a step ladder, but this will improve the overall brightness of a home.


Wipe Down Every Surface


A good rule of thumb is to start with the surfaces that collect the most dust and dirt. This can include wiping down and dusting all surfaces, including cabinets, appliances, and countertops. In addition, remember to vacuum and mop floors. Taking care of the areas that get dirty quickly, you can help to keep your house looking clean and clutter-free. Plus, it will be easier to tackle those deep-cleaning projects when you do not have to start from scratch.


Make Your Bedroom Look Presentable


There is something about making the bed that makes the whole house feel cleaner. It could be because a made bed looks neater and more inviting than an unmade one. Or it could be because making the bed is a physical representation of starting the day with a clean slate. Either way, there is no denying that taking a few minutes to make the bed can significantly impact the overall tidiness of your home.


The same can be said for putting away any clutter that might be around. A cluttered space feels chaotic and overwhelming, while a tidy space feels calm and inviting. So even if you need help keeping every surface completely clear, taking a few minutes to remove any stray items can make a big difference in how your space feels. Plus, it will be one less thing to deal with when you are trying to relax at the end of the day.


Vacuum, Sweep &amp; Mop the Floors


Keeping floors tidy for showing is essential and one of the most visible areas. That means regular vacuuming, mopping and sweeping, depending on what types of flooring materials you have. Not only will this help your house look its best for showings, but it will also make it more appealing to potential buyers. So, break out the vacuum cleaner and get to work. Refrain from using a flat mop when mopping, as it just moves dust around. Also, you may need to use your hands with a cloth to get the corners.


Remove All Signs of Pets


Pets can be a turn-off to some buyers, so dog and cat owners will need to take extra cleaning steps. Consider using an air purifier during the showing. This will help to remove any pet smells from the air, making your home more pleasant for potential buyers. Next, clean the bedding and curtains. These items can often trap pet hair and smells, so it is essential to clean them regularly.


Store pets' food and toys out of sight. Potential buyers do not want to see evidence of pets around the house - they may think that pets are still living there. The smell of pet food can be off-putting for some people. So be sure to store these items away before showings or open houses.


Clean Houses Sell Faster


Not cleaning before guests arrive is one of the biggest home showing mistakes you can make. Cleaning for a showing does not have to be a huge chore - just focus on these critical areas, and you will be good to go And remember, even if your house is not perfect, potential buyers will still appreciate seeing a well-kept home showing pride in ownership. So get out there and start sprucing up.


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    <pubDate>Fri, 15 Nov 2019 16:10:00 -0700</pubDate>
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