On Making Your Home Shine Amongst Diamonds

There has been a lot of luxury houses for sale recently, so it might become hard for your house to stand out. However, you can do some adjustments that can help you land the perfect buyer. Here are some tips how to sway buyers into purchasing your home.

Top Locations to Invest in Alberta Real Estate

Investing in real estate is one of the best ways to diversify a portfolio. When time comes to finally cash in on your investment, factors such as security and location play a large factor in determining the resale value of a real estate property. For a clearer idea of what makes a piece of property desirable, here are a few real estate projects that have caught the attention of many Albertans that may give you some ideas:

Mosaic Mirage in McKenzie Towne

This row of condominium townhouses boasts “single and double attached garages surrounding a central courtyard”, as well as two-to-three bedroom floor plans reaching over 1,300 square feet. The site is also in close proximity to High Street, which is home to many business establishments ranging from restaurants to dental practices.

The Park Condos in Calgary

This 19-storey mix of condominium and apartment already shows promise for its naturally appealing location: right between Central Memorial Park and Haultain School Park. It currently features 156 units for sale, which are almost sure to be claimed fast, given The Park Condos' easy access to the 17^th Avenue SW commercial district.

The Guardian by Hon Towers

Located between 11 Avenue Southeast and 3 Street Southeast, the condo-apartment hybrid sports 44 storeys of 321 single and double bedroom suites, with most of the former and all of the latter having their own parking spaces. It has Italian kitchens and bathrooms designed by Laura Vroom Design, as well as amenities like a yoga-Pilates studio.

On Calgary Home Prices and Income Bracket

One of the most important matters that many home buyers struggle with is maintaining a monthly payment that doesn’t take a huge chunk out of their income. In booming cities like Calgary, the line between home price and income rate are getting wider and wider as home sales improve as the months pass, resulting in many people looking to resell their property to keep up with expenses.

While figures for median-priced houses for sale in Calgary are trending up, real estate pundits are wary about a widening gap in housing prices and income, which will eventually make it harder for working professionals to own homes. Experts opine that should this trend keep up, people might have to opt for rental instead.

Affordable Calgary homes may have dipped somewhat but overall in Alberta, the province's affordability position hasn't turned people away. For first-time home buyers in Calgary, however, saving for a down payment can increasingly become a difficult barrier. No matter the obstacle though, people with big aspirations will naturally just keep looking for the home of their dreams.

Lending institutions subscribe to two simple affordability rules: First, your housing costs shouldn't go beyond 32% of your gross monthly income. It's called the GDS (gross debt service) ratio. Second, your debt load shouldn't be more than 40% of your gross monthly income. This covers housing costs, car loans, credit card bills, among others, and this is your TDS (total debt service) ratio.

Coordinating a Move with Accurate Real Estate News

Relocating to any major city such as Calgary is a decision that typically takes into account a certain set of variables. Things such as proximity to schools and even the general state of the environment may influence a home buyer’s decision. Of course, chief among these deciding factors is the actual price of the home in question.

The price of a house can either be a stumbling block or an added incentive for a family looking to relocate, so getting an inaccurate or misleading price estimate can be rather unfortunate on the part of the prospective buyer. To ensure that the property prices being quoted are indeed accurate and competitive in relation to local real estate prices, it may be a good idea to consult local news sources for anything related to real estate developments.

Most daily newspapers and news websites post regular updates on real estate trends, but a more convenient option would be to simply look online for relevant information on the local housing market in a particular area. A trusted online news resource can be easily identified through its roster of reporters, and as long as people keep these things in mind, the major move being planned can take place without any hassles.