Is Real Estate a Good Investment?

Real estate is a good investment, but there are many things you should take into consideration. Investing in real estate is an important decision which requires a lot of time, effort, and resources.

What is your Real Estate Investment Goal?

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By understanding your goals, budget, and the current real estate market, you can decide if now is the time to start investing in real estate. It’s always best to give yourself the time to determine whether it is an investment that you want to undertake. Like anything in life, there are pro’s and con’s to investing in real estate, but it is up to you to decide whether this is a venture that you want to take on. This article will help you make sense of the complex world of real estate and determine if it is something that you are interested in pursuing.

In cities across Canada, more and more people are interested in investing in real estate, because they see and understand the potential benefits of their investment. TV shows like Property Brothers and Flip or Flop have inspired many to invest in residential and commercial properties, restore them, and either rent or sell the property for turnover. But what are the potential benefits and consequences of investing in real estate? Is real estate a good investment, or is it an undertaking best left to professionals?

Real Estate Investing In Today’s Market

Edmonton’s real estate market has moved slowly so far this year due to the number of properties for sale and other factors like the federal mortgage stress test (which places limitations on the amount of money that potential homeowners can borrow to purchase a home). Though it may take time for Edmonton’s real estate market to recover, this does not mean that real estate is a bad investment. In fact, it is a great time to buy an investment property as you do have a ton of selection, prices have come down several percents over the last couple years, and mortgage rates are low.

Types Of Real Estate Investments

There are a variety of options where it relates to property ownership and deciding how to garner a profit from your investment.
Some investors choose to buy and flip a property, in which a property is purchased, renovated and sold to gain a profit.

Others choose to buy a property to be used as a rental. This is a common investment choice for people because they have the opportunity to have someone else down the mortgage, have equity grow over time, and pull in a bit of cash flow or monthly revenue.

There is even the option to own commercial properties like apartment buildings, commercial bays for rentals, and land. However, the type of financing and closing costs involved for a commercial purchase is vastly different than residential.

Deciding which options will work best for you will depend on several different factors such as how long you want to own the property for and what purpose you want the building to serve.

HOW TO CHOOSE A GOOD INVESTMENT PROPERTY

  1. Look for areas of the city that are growing.
    Population growth is a considerable factor in property investment. Look for areas in the city that are expanding.
  2. Invest in familiar areas
    Get to know the area you are thinking about investing in. You want to know your investment location as well as your own neighbourhood.
  3. Look for low vacancy areas
    When it comes to choosing an area to invest in, look for places with low vacancy rates. Investing in areas with a tight market, you can significantly increase your chances of finding the right renter quickly, and reduce the time between tenants.
  4. Think about the future
    It’s a great idea to find out what’s in the works in the area, so you can have an idea what the future looks like. It’s also a great idea to keep an eye on any residential developments that could be going up near amenities, such as schools and shopping hubs.
  5. Choose low-maintenance properties
    If you are looking to start investing and you don’t want to have to spend a lot of money in upgrades and renovations, look for a property that is ready to rent out immediately. However, be prepared to pay more for a fully finished home as someone else has built up the sweat equity getting it ready.
  6. Think about your tenants
    Choose a property that appeals to the people who are actively renting in that area; it will make it much more attractive. For example, a small apartment may be a more affordable rental property than a house, but if the local rental market is mostly families, your investment property might not be as appealing. Think about your tenant’s lifestyle… do they need parking, do they take public transit, etc.? This kind of questions should help when choosing a great investment property.

Bring in the professionals

I always suggest you speak to a professional Realtor (such as myself) when you are looking at an investment property. We can advise on which properties would be ideal for your investment portfolio. Want Market Information? Give me a call! (780) 904-4240

5 TIPS TO MAKE YOUR HOME MORE APPEALING

white kitchen with light wood floor, pendant lights, two bar stools

Every homeowner wants their home to sell for the best price, and in the least amount of time.

However, in today’s market, getting the best price for your home can be challenging to accomplish if you don’t have the experience or the right real estate agent by your side.

If you’re ready to sell your home – don’t worry! In this article, I’ll be talking about 5 easy ways that you can increase your home’s value to make it more appealing to potential buyers.

1. Give your home some curb appeal.

Your home’s curb appeal matters. After all, this is the first thing that potential buyers will see when viewing your home for the first time! Some cheap, easy, and foolproof ways to increase the curb appeal of your home are to add some greenery and flowers, update your house numbers, and power wash the walkways and siding of your home.

2. It’s all in the details!

You might not notice small crayon mark on the wall or the tiny chipped tile in the bathroom, but potential buyers will! When thinking of selling your home, ask a friend or family member to tour through your home, looking for these little details. Once they have toured through, look at the list of things that they have marked down and, if you have the budget, try and fix these things before you start showing your home.

3. Lawn and Order.

When it comes to your lawn, the greener the better! Some ways that homeowners can make sure that their lawn is looking its best is to water and mow their lawn regularly, pull weeds, and rake any excess leaves. At the end of the day, a little brown spot here and there won’t be an issue for potential buyers, but if your lawn looks like the Sahara desert – we may have a problem.

4. Make it feel inviting.

When selling your home, it’s important that you make your space as inviting and de-personalized as possible. You want potential buyers to feel at home as soon as they walk in your door.  Some ideas for viewings may include making your home feel cozy by turning the fireplace on or having your thermostat at a comfortable temperature, setting out fresh flowers, or moving furniture around as necessary to help rooms either look roomier or be more functional.  Also, be sure to de-personalize the space by putting away any family photos or personal items.

5. Boost Your Home’s Online “ Appeal.”

Online is the first place that potential buyers will look when they are searching for a new home, so it’s important that your listing stands out online! When I work with sellers, I always try to highlight what makes that particular property special along with the essential information and selling features.

By using high-quality images, we are able to boost the appeal of your home. PRO TIP: It’s best to take these photos during the day at a time when there is lots of natural light available. I try to arrange a time that will capture your home in the best light, while still being convenient for you.

Are you thinking of listing your home? Do you want some tips on how to make your home more appealing to potential buyers online and in-person?  Give me a call at 780.904.4240, and I’ll help you present your home in its best light!

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

4 Reasons to Sell Your Home Before The Selling Season Picks Up

In the real estate world, spring is known as “selling season” because it’s generally the peak time for homebuyers to house-shop and sellers to list their properties!

 

But, what if I told you that listing your home in the off-season (yes, even during winter) has its benefits too? A common real estate myth is that homeowners should never list their homes for sale during the winter off-season, but that couldn’t be farther from the truth!

Studies have shown that homes listed for sale during off-season actually sell faster and for a higher price than those listed during the selling season.

If you’re thinking of selling your home this winter, here are 4 reasons why you should list your property before the selling season picks up:

1. Beating the rush

Did you know that buyers start looking for homes online at least four months before they truly start “home shopping”?

If you list your property before the selling season starts, your home is sure to catch the eye of prospective homebuyers, and it might even make them pull the trigger sooner!

2. Less competition

As soon as the spring selling season starts, a flood of new home listings pop-up and clutter the market with competition.

Your home is more likely to stand out to prospective buyers when there is less competition out there. Not to mention, you may even be able to list your home for a higher price due to the uncompetitive nature of the market.

3. Buyer Urgency

Usually, if a homebuyer is looking to purchase a property in the winter off-season, it’s because they need to find a home right away!

Use this buyer urgency to your advantage and let your home be the light at the end of the tunnel for eager winter-buyers.

4. Decreased attention to curb appeal

When selling a home during spring or summer, homeowners are required to put in a lot of outdoor maintenance to ensure that their homes are looking their best for buyers.

During the winter off-season, it is much easier to maintain curb appeal than it is in the warmer months. You may have to shovel and de-ice your walks, but at least you don’t have to mow the lawn, weed the garden, plant flowers, etc.

If you’re thinking of selling your home don’t wait until the “selling season” to list your property. Prepare your home for sale right away — before the market is flooded!

If you’re looking for an experienced realtor to help you sell your home in the Edmonton area, give me a call today!

Jeneen Marchant with RE/MAX Real Estate 780-904-4240 or email at jeneens@remax.net to get started.

Hi, I’m Jeneen Marchant!

I’m here to help you find you during your next Real Estate transaction.
Home ownership is a beautiful thing and I love seeing my buyers happily opening the door to their new home on possession day. I also get great satisfaction from helping my sellers get the best price possible for their home when it is time to move on to another property.

7 Things All Homebuyers Should Look Out For Before Purchasing A Property

Finding your forever home can be an exciting process, but it’s important for all homebuyers to be on the lookout for potential problems on their house-hunting journey.

When viewing a home for the first time, you might not notice that leaky roof or chilly spare bedroom. But, once you’re settled into your new space, these problems will make themselves known and can cost you a fortune to fix!

Unfortunately, not everyone can have Canada’s Mike Holmes by their side when purchasing a new home. So, I’ve put together a list of the top 7 things you should look out for before purchasing your “dream home”

1.Information about the Land

  • When you buy a home, you are also purchasing the land surrounding it
  • Make sure to spend as much time viewing the outside of the home as the inside.
  • Is the area prone to flooding or ice build-up? Are the fences around the property built properly? Is the driveway in acceptable condition? Are there signs of any tree root issues?

Information about the Land – When you buy a home, you are also purchasing the land surrounding it. Make sure to spend as much time viewing the outside of the home as the inside. Is the area prone to flooding or ice build-up? Are the fences around the property built properly? Is the driveway in acceptable condition? Are there signs of any tree root issues?

2. Peculiar Smells

  • When you walk into a home, be on alert for any unpleasant smells like sewage, gasses, pet odours, and more
  • These smells could be signs of problems you might have with the home down the road.

Peculiar Smells – When you walk into a home, be on alert for any unpleasant smells like sewage, gasses, pet odours, and more. These smells could be signs of problems you might have with the home down the road

3. Room Temperature

  • A faulty heating or cooling system can be expensive to replace.
  • When viewing a home, make sure to take the temperature of the rooms you are in. If they are particularly warmer or cooler than usual, this might be a sign that the heating and cooling systems need to be replaced.

Room Temperature-A faulty heating or cooling system can be expensive to replace. When viewing a home, make sure to take the temperature of the rooms you are in. If they are particularly warmer or cooler than usual, this might be a sign that the heating and cooling systems need to be replaced.

4. Roof Repairs

  • Replacing a roof is never fun and can cost you thousands.
  • When looking at a home, make sure to check the roof for any cave-ins, cracks, unsealed edges, or missing shingles.

Roof Repairs – Replacing a roof is never fun and can cost you thousands. When looking at a home, make sure to check the roof for any cave-ins, cracks, unsealed edges, or missing shingles.

5. Unusual Dampness or Humidity

  • Did a room feel unusually damp or humid when you were touring the house? This could be a sign that there is mould, leakage, or improper insulation behind the walls.
  • Look for flaky plaster and watermarked walls or ceilings.
  • Keep in mind that some sellers will try to paint over the watermarks before you buy. 

Unusual Dampness or Humidity – Did a room feel unusually damp or humid when you were touring the house? This could be a sign that there is mould, leakage, or improper insulation behind the walls. Look for flaky plaster and watermarked walls or ceilings. Keep in mind that some sellers will try to paint over the watermarks before you buy.

6. Dodgy Wiring

  • Improper wiring can be dangerous. Not to mention, rewiring your home could cost thousands!
  • Make sure that a home investigator or trusted electrician approves the wiring and fuse board before you decide to purchase the home.

Dodgy Wiring – Improper wiring can be dangerous. Not to mention, rewiring your home could cost thousands! Make sure that a home investigator or trusted electrician approves the wiring and fuse board before you decide to purchase the home.

7. Improper Insulation

  • A properly insulated home can reduce monthly heating and cooling costs, which is a huge win for a new homebuyer.
  • When viewing a home, check the attic and heating ducts to ensure that they are adequately insulated.

Improper Insulation – A properly insulated home can reduce monthly heating and cooling costs, which is a huge win for a new homebuyer. When viewing a home, check the attic and heating ducts to ensure that they are adequately insulated.

Are you on the hunt for an experienced realtor to help you purchase a new home? Give me a call!

Jeneen Marchant with RE/MAX Real Estate

780-904-4240  or email at jeneens@remax.net to get started.

Why Working with a Professional REALTOR® Benefits You!

Buying or selling a home can be a daunting and confusing task, especially when you are doing it alone.

Luckily, REALTORS® are there to help you through the process.  When home buyers and sellers choose to work with a REALTOR®, they are gifted with a ton of added benefits that help take the stress of buying or selling a home off of their shoulders.

So, what are some of the benefits of working with a REALTOR®? I’ve listed 4 below!

2. Experience in Pricing

  • Whether you are buying or selling a home, your REALTOR® should know what any property is worth to make sure that they are working in your best interest.
  • If you are in the process of buying a property, a REALTOR® will use their negotiating skills to get you the most possible. Not to mention, leaving these negotiations up to your REALTOR® can take a lot of stress off of both buyer and seller.
  • If you are working with a REALTOR® to sell a property, your REALTOR® will save you the guesswork in knowing what number you should list your home for, plus so much more.
  • Not only do REALTORS® have years of experience in buying and selling homes, but they also keep up to date with current market values and competitive listings so that you don’t have to.

3. Record Keeping

  • Although I always advise clients to keep copies of all of the documents related to buying or selling a property, if trouble arises with your property in the future, you can always count on your real estate agent to have those documents saved and ready for you.
  • A REALTOR® is required to keep copies of all of the documents involved in the transaction of buying or selling a home for you. So, if you are ever in need of them down the road, a REALTOR® will save you the stress.

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Are you looking for an experienced REALTOR® to help you purchase a new home or sell an old one? Give me a call!

Jeneen Marchant with RE/MAX Real Estate

780-904-4240  or email at jeneens@remax.net to get started.

How To Sell Your House Quickly: Advice From One Of Edmonton’s Top Realtors

Selling your home can be a stressful and lengthy process. As a seller, you have to make sure your home stands out among hundreds of similar listings, which is never easy.

If you’re looking to sell your home fast, these 4 tips can help you get offers right away without sacrificing profit:
1. Get Your home ready for sale

  • When selling, the ultimate goal is to make your home look great in the eyes of a buyer. You want potential buyers to be able to envision themselves living in your home. To do this, I always recommend that sellers start by removing any personal items from their homes and de-cluttering. Removing personal items and clutter from your home will leave it looking like a blank canvas that buyers can imagine themselves moving into.
  • It is also recommended that sellers perform quick and easy enhancements to their homes such as touching up paint or filling in holes where picture frames used to hang. These little details make a world of difference in the eyes of a buyer.
  • If you are unsure of whether your home is ready to show to potential buyers, ask your realtor or one of your friends to walk through your home and give their opinions on what you should change, shift-around, or remove to make your home more visually appealing.

2. Amp up your home’s curb appeal

  • The exterior appearance of your home is the first thing buyers are going to see when they come for a showing. A potential buyer won’t even bother looking inside if they don’t enjoy looking at the exterior of your house. So, it’s important to make the curb appeal of your home look as welcoming as possible.
  • A couple of my favourite ways to improve a home’s curb appeal are to plant some flowers, paint window trims, and mow and edge the lawn. In the winter, make sure your walkways are shovelled and de-iced.
  • There are always people shopping for homes, so the best time to sell your home is, quite literally, whenever you are ready to sell.
  • There may be more people looking to buy in the spring and summer months, but there will also be more people selling at that time, and, therefore, more competition.
  • A good realtor will help you sell fast, no matter what time of the year it is.

4. Trust your realtor

  • You may think your home is worth a certain amount, but at the end of the day, your realtor knows what your house is worth and which offers are reasonable.
  • Pricing your home too high is only going to prolong the home selling experience. To get offers quickly, make sure to price your home competitive to similar homes for sale in your area.

Do you need help selling your home in the Edmonton area? Give me a call!

Jeneen Marchant with RE/MAX Real Estate

 780-904-4240  or email at jeneens@remax.net to get started.

Pre Listing Checklist for Homeowners

Thinking of selling your home? Follow this checklist to make the experience easier!

For many, selling a home is an exciting new adventure, but it can also be a tedious and stressful process — that’s why I created this home selling checklist!

If you’re thinking of selling your home, follow this checklist to help streamline the process:

1. Create a personal timeline

The first step is knowing where to start- CALL ME!!!

We can set up a meeting to talk about your goal timeline. For example, your timeline might include prospective dates for completing any small renovations, the date we put it on the market, possession date of your new home, and the goal “date of sale” for your current home.

2. Find the right agent

Working with the right real estate agent (like me) is crucial to your success in selling your home. So, it’s important to do your research.  Not all agents specialize in the intricacies of selling homes; it takes knowledge, experience, and marketing that gets results.

Look for an agent who is honest with you and is there to answer any questions you may have.  Once you’ve found an experienced and credible real estate agent, be clear in your expectations for them. If an agent understands what you need from them, they will do everything they can to meet and surpass your expectations.

3. Determine your home’s asking price

When selling your home, it’s important to know what it’s worth.  There is so much confusion around this as there is the tax assessment value (which is never right), what your neighbour is selling their home for (asking prices are not actual sales prices), and of course what you feel it is worth.

Working with an experienced realtor will help you in determining your home’s asking price to get you the highest price possible.  I focus on what properties are selling for as this is the actual market value and helps set reasonable expectations.

Thinking of working with me to sell your home? I’ll assess the current market value of your home for free! Click here to learn more.

4. Get your home ready for sale

When selling your home, it’s important to make sure that it is appealing to potential buyers. You want buyers to be able to envision themselves living in your home.  

Some sellers will work with their real estate agent, or a professional home stager, to get their home looking its best. Some simple tips I help my sellers with as we prepare their home for showings are: de-clutter your home of any personal belongings, move or remove furniture/ items, give the property a thorough cleaning, and make sure that minor repairs are completed.  

Every home is different.  Some may require no or little changes before getting it on the market, and other home either need large transformations or just need to be priced accordingly.

For more tips on getting your home ready for sale, check out my blog post: A Realtors Top 5 Tips For Prepping Your Home For Sale in Edmonton. Do you need help selling your home in the Edmonton area? Jeneen Marchant with RE/MAX Real Estate can help! Call her at 780-904-4240  or email at jeneens@remax.net to get started.

A Realtor’s top 5 tips for prepping your home for sale in Edmonton

Every seller want’s their home to sell fast and for asking price. But, that doesn’t just happen by fluke. 

Did you know that when a house is prepped for sale before private showings and open houses, homebuyers are more likely to purchase it for, or above, the asking price? With that being said, it’s a mistake to invest thousands of dollars, without understanding where you will get the most return on your investment.

Remember — homebuyers want to see themselves in your property. If they are going to be spending hundreds of thousands of dollars, they need to be able to envision your home as their forever home. So, it’s your job to make it as appealing as possible to potential buyers by prepping it beforehand.

Here are 5 tips for prepping your home for sale:

1. Repaint 

If there’s anything that the famous Edmonton Talus Balls have taught us, it’s that not everyone has the same taste. Although lime green may be your favourite colour, somebody else might hate it.

When prepping your home for sale, be sure to repaint with neutral colours (whites, tans, etc.) to make your home appealing to as many buyers as possible. Rooms painted in neutral colours allow buyers to look at your home as a blank slate, which will help them envision it as their own.

While you’re at it, you should also fix any scrapes, scratches, or holes that might be residing on your walls.

2.Eliminate bad odours

You may think your home smells fine because you’re so used to living in it, but some of the odours that exist in your home may turn off potential buyers.

When you’re prepping your home for sale, make sure to cleanse all scents in your home. Usually, this can be done with a top to bottom cleaning, but most sellers don’t have time for that. Instead, many mask odors during open houses with inviting smells such as fresh cookies or flowers.

Every homebuyer is going to remember touring the house that smelled like warm chocolate chip cookies, so why not give it a try!

3. Depersonalize

When buyers step into your home, they need to be able to envision it as their own — they want to see it as a blank slate that they can fill with their own belongings. If your house is filled with all of your “stuff”, buyers won’t be able to visualize their own “stuff” in it.

When prepping your home for buyers, make sure to depersonalize it as much as possible. Take down family photos, put your shoes and coats away, organize your closets, and make sure every room is de-cluttered, clean, and tidy.

4. Increase curb appeal

In Edmonton, curb appeal is something that overlooked by many home sellers— especially during the winter months. But, it shouldn’t be.

The outside of your home is the first point of contact that buyers will have with it, so it’s essential that you make it look as appealing as possible.

When prepping your home for sale in the summer months, make sure to mow the lawn, weed the garden, and maybe even plant some new flowers if you have time. During the winter months, shovel the walk and make sure your front steps are de-iced.

5. Use as much natural light as possible

Sellers aren’t going to want to purchase a home that feels like a dungeon, so when you are holding private showings or open houses, make sure to fill your home with as much natural light as possible.

When prepping your home for sale, open the curtains and blinds in every room to let natural light in through the windows. If you are showing your home when it’s dark outside, or have a room without much natural light, turn on as many lamps and lights as you can to brighten up the space.

If you want the best return on investment for your home, you have to make sure that it’s as appealing as possible to potential buyers. A little bit of preparation can go a long way. When you’re ready to start prepping your Edmonton home for sale, make sure to keep these 5 tips in mind.

  • Do you need help selling your home in the Edmonton area? Jeneen Marchant with RE/MAX Real Estate can help! Send her an email at jeneens@remax.net to get started.

The Top 5 reasons Why You Should Work With a Realtor When Buying or Selling Property

In today’s economy, people are looking to cut costs wherever they can. With so much information readily available online, individuals often think that they are equipped to buy or sell property without the help of a realtor.

But what many people don’t realize is that working with a realtor not only saves you time and money, but also comes with a ton of added benefits!

Before skipping out on a realtor, take a look at this list of the top 5 reasons you should work with one:

  1. Years of Experience

  • Most people don’t have a lot of experience in buying and selling property, which can sometimes make for delays and costly mistakes.
  • That’s where working with a realtor can come in handy.
  • Experienced realtors have been involved in the buying and selling of hundreds of properties, and because of this, know the entire processes inside and out.
  • They are familiar with all of the intricate forms, contracts, and reports so that you don’t have to be.
  • When you work with a realtor, they will guide you through every procedure and make sure that no costly oversights or errors are made.
  1. Connections in the Industry

  • When buying or selling a property, you may be looking to work with other individuals in the real estate business like home stagers, inspectors, photographers, etc.
  • Luckily for you — a relators network spans far and wide.
  • A realtor is like a Disney World FastPass that gives you direct access to other talented individuals in the industry.
  • They are associated with the best and brightest in the real estate business, and will gladly help you get in contact with them.
  1. Killer Negotiation Skills

  • Sit back and sip a cold one while your realtor deals with the offers and counter-offers from the other side.
  • Without the emotional connection to property that most buyers and sellers experience, realtors are able to focus on negotiating with the other side to get you the best deal possible.
  • Experienced realtors have exceptional negotiation skills and will always craft messages with your best interests in mind.
  1. Market Knowledge

  • No one has as much knowledge of the Edmonton housing market than local Edmonton-based realtors do.
  • It’s their job to stay up to date with the local market prices so that you don’t have to.
  • Realtors know everything there is to know about the local market, as well as the current market trends. So, when you hire a realtor to help you with the process of buying or selling property, you won’t have to spend your time researching the market.
  1. Easy access to sellers and buyers

  • When you’re looking to purchase property, a realtor can help you gain access to tons of listings that the general public wouldn’t have access to.
  • Most realtors have access to extensive databases that allow them to see the best properties on the market.
  • People also associate realtors with professionalism, so sellers are much more likely to trust buyers on their property when a realtor accompanies them.
  • If you are looking to sell property, realtors can bring in more individuals to view your listing because of their connections with others in the real estate industry.

Whether you are looking for a new place to call home, or are selling a place you’ve outgrown, it’s beneficial to have a realtor by your side to help you through the process.

Remember — at the end of the day it’s a realtor’s job to make the transaction as easy as possible for you. Not only will a realtor save you time and money, but they will also bring tons of added benefits and resources along with them.

Are you looking for a realtor to assist you in buying or selling property in the Edmonton area? Jeneen Marchant with RE/MAX Real Estate would be happy to help! Send an email at jeneens@remax.net to get started.