November 2018

Found 8 blog entries for November 2018.

Want to become a homeowner? Have you found yourself looking for real estate for sale in Warman and surrounding areas, Martensville and/or Saskatoon? Are you unsure about what you need to know about the housing market when you make one of the most important decisions in your life?

Don’t worry – you’re not alone. I’ve helped plenty of people looking for real estate in Saskatoon and the surrounding area who wanted to become a homeowner but were not sure about key concepts concerning the housing market.

Here is a brief primer on the essential knowledge you’ll need to understand the housing market and become a homeowner with confidence.

The Essential Knowledge You’ll Need to Become a Homeowner

Qualifying for a Mortgage

If you want to become a homeowner, you first have to find a home, right?

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Consider these tips before diving head first into the investment property market:

  1.       Determine what you can afford to buy, you’ll need a minimum down payment of 20 percent for a small rental property.
  2.       Do some research on the areas your considering and find out what the going rents are.
  3.       Just like your home, a rental property is a valuable asset.  Ensure you choose the proper insurance to help protect you from the financial impact of any unforeseen events.
  4.       Consider a property manager.  While this will cut into the cost of your rental revenue, it could help to minimize your stress level
  5.       Good tenants are hard to find.  Property managers will screen potential tenants for you, but as a landlord, you’ll need to know
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Declutter – clear off all of your counters and ensure any unnecessary decorative are packed away.  Don’t forget to declutter your garage too!

Keep it clean – A deep clean before even listing your house will help to make upkeep easier for you.

Deal with minor repairs – They may seem minor, but cracked caulking, a torn screen or a dripping faucet could give buyers the impression that your house isn’t well maintained.

Tidy the bathroom – Put away your personal toiletries, along with old towels and toothbrushes.

Head out – It can be awkward for the potential buyers if you’re at home during a showing.    

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