REMAX First

tammy forrest
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RE/MAX First
8820 Blackfoot Trail SE #115
Calgary, AB
T2J 3J1 CA
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by Myke Thomas
 
Looking for a tip to help you sell your current home quicker before you move into your brand new home?

If anything needs to be fixed up - big job or small — get it done before you list it.

According to the 2011 TD Canada Trust Home Buyers Report, Albertans are more likely to buy a home that doesn’t need any work done.

In fact, 70% of home buyers in the province want a home with no fixing-up required and they are two times more likely than the national average to say they are willing to pay the extra money for a newly constructed home (39% vs. 22%).

But there’s still a bit of macho out there — on the national level, 14% of men considering buying a house say they would be more likely to buy a fixer-upper, compared to 8% of female buyers, with the guys saying it’s their preference because it would be more affordable.

Which, as most men know, holds little water with the ladies.

Affordability is, however, the most important consideration in the home-buying process in the province, says Jessy Bilodeau, a mobile mortgage specialist with TD Canada Trust.

“Albertans wisely say that cost is the number one consideration for a home purchase, evidence that they realize that in order to truly be comfortable in their home, they need to comfortably be able to afford it,” says Bilodeau.

“When house-hunting, there are some factors, like the features of the home, which can be adjusted once you’ve made your purchase. Other factors, like the location, cannot be changed. Finding the right home is about getting the right balance — and at a price you can afford.”

Albertans enjoy a large selection of homes.

“The boom in the development industry over the last few years in Alberta has created a larger market of new homes for buyers with more options to choose from,” says Bilodeau.

“There are still some fixer-uppers out there and if you’re willing to do the renovations or upgrades, you can transform the space into your dream home. If you decide to go the renovation route, it’s important to understand the costs of the upgrades you intend to make and factor those in when deciding on the price range for a home that is realistic for you.”

According to the report, other important factors for Albertans are security and safety (96%), size (94%), features of the home (92%) and location (92%).
 
obtaine from www.calgarysun.com

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Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.