Home Buying Blogs – Okotoks

Home buying advice for Okotoks, Alberta residents by Justin Havre & Associates.

Found 18 blog entries about Home Buying Blogs – Okotoks.

Everything to Know About Buying a New Construction HouseBuying a new construction home is a unique experience. Even if you've bought a pre-built Sandstone home in the past, you may be surprised by the overall process of building a new construction home because it's so different. Before you get started with buying a new construction home, here's what you need to know about the building and overall experience.

Know Your Goals

Before home buyers can get started with the home building process, they must first know their goals for their new home. Usually, this involves sitting down with a spouse or other members of the household to decide what they're looking for in a house. Home buyers should have questions such as:

  • Will we be having children (or more children) in the years to come?
  • Do we want to
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Vacation Home Purchase? Tax and Mortgage Information for Home BuyersBuying a vacation home can be very different from buying a primary residence. Most important to understand is that obtaining a mortgage for a vacation home can be more difficult than obtaining a mortgage for a primary residence. In addition, homeowners who sell their vacation home must pay capital gains taxes. Here's what you need to know about vacation home mortgages and taxes.

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

Everything to Know About Vacation Home Taxes

Vacation homes affect a homeowner's taxes when they try to sell their property. When a vacation home is sold, the profits made on the sale of the home are called capital gains.

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Guide to Real Estate Investment TypesReal estate is one of the most popular types of investments for those who wish to look beyond traditional stocks and bonds. When getting started in real estate investing, the first step should be researching the options and choosing which is the best fit. There are four broad types of real estate investments, with a few subcategories in each. Each type has pros and cons, along with unique cash-flow cycles, lending conventions and sets of rules and regulations, which means that different ones will be better fits for different investors. The four basic types include:

Residential Properties

Residential real estate includes everything from single-family homes to condos and townhouses to large multifamily properties like apartment complexes. There are

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Modern Construction Technology and How It's Changing the IndustryThe way Canadian new construction homes are being built is changing rapidly. The materials contractors use, the way they interact with clients and even the speed at which they can build a house is changing for the better. Modern technology is helping contractors to build homes that are more efficient and better suited to the needs of the client.

If you're working with a contractor to build your home, it's important to be aware of these changes, and to hire a contractor who is comfortable with modern tools. Below is the kind of technology your contractor might use to build your future home.

Green Technologies

Green technologies make homes more efficient. These technologies are in demand by clients, and thus many of the best contractors have

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Buying Land in CanadaThere are many reasons to buy land in Canada. Some are looking for acreage for a farm or ranching. Others need a parcel for residential or recreational purposes. Depending on the area, it may be important to review specific rules and bylaws that apply to a province or territory. However, it is possible to invest in land in Canada using a few important considerations. And buying land is not the same as buying a home.

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

Are You Interested in Rural Land?

Some may be looking for significant space to set up a homestead or to ranch. There are differences between buying land in a major city or in a large open

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How Green Technology Is Changing Home BuildingCanadians have been largely conscientious about their impact on the larger world around them, and it's really starting to show in both residential and commercial buildings. Standards for new construction homes and commercial buildings become ever more stringent, as legislators find new ways to regulate how construction companies carry out their designs. Find out more about how the green movement is starting to make its way into residential construction.

Efficient Heating and Cooling

There are two major forms of energy-efficient heating and cooling:

  • Solar panels: Solar panels have become far more efficient in recent years, allowing them to generate energy even in areas with heavy cloud coverage. They use solar cells to turn light photons
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How Credit Scores Relate to MortgagesBuying a home for the first time is typically the biggest expenditure in a person's life thus far. It's a huge commitment, and lenders want to be sure that borrowers are up to the task of paying off their loans. Credit scores and credit history are the way that banks can figure out which home buyers are likely to make good on mortgage payments and which are more of a risk. Cultivating a positive credit score is the way for a buyer to communicate that they are ready for the task of buying a home.

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

How Credit Scores Affect Home Buying

A good credit score can make or break a person's ability to buy a home.

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What You Need to Know About Home InsuranceThere are plenty of misconceptions about home insurance in Canada, making it difficult to answer even some of the more simple questions about it. Because each homeowner is different, each policy will come with its own specific set of rules. For new home buyers who just want to do the right thing for themselves and their property, it's time to consider the facts of home insurance. Picking the right level of coverage starts with understanding the underlying principles.

For informational purposes only. Always consult with a financial advisor or insurance agent before proceeding with any real estate transaction.

Made for You

The policy and premium will depend on a few basic factors. Location, size of the home, and financial standing are all

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All About Closing CostsMany people who have never bought a home go into the home buying process knowing little about closing costs. Without a good grasp of what closing costs are and how much they cost, it's hard to prepare to buy a home. Closing costs are a big expense that many home buyers must budget for specifically. If you're thinking about buying a home in the coming year or two, here's what you need to know.

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

What Are Closing Costs

During the purchase of a home, home buyers interact with a variety of organizations and businesses, including government agencies, lawyers, real estate professionals, appraisers and insurance

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How To Avoid Hiring a Bad Real Estate AgentIt’s extremely important for individuals seeking to make a real estate transaction to hire the assistance of a real estate agent, regardless of if they’re buying a new home or selling their current one. But where do buyers and sellers start when finding the agent who is right for them? There are a lot of different real estate agents who can do the job, but they aren’t all created equally. When selecting an agent to hire, buyers and sellers should be on the look out for certain red flags that can identify an inexperienced or unhelpful agent. Here are those red flags.

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

The Agent Works Part Time

No

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