f you’ve been wondering if now is the time to give up renting for good, you’re not alone. In 2020 and 2021, we’ve seen more and more first-time homebuyers enter the market. Why? Well, owning a home comes with several huge benefits. 

Security and stability

Having a place to call yours, and yours only, can take a huge amount of stress away. You don’t have to worry about finding your next rental or if your landlord is going to sell the apartment. No more stressing about packing up and moving or about what you’re going to do after your lease ends. And if you want to start a family soon, or want to give your kids a more permanent place to live, you really can’t beat the security and stability of owning a home. 

Financial investment

Buying a home is a major financial decision. For many people, a home is the most expensive thing they’ll ever buy. But owning a home is more than just an expense—it’s a financial investment. By paying into your mortgage each month, you’ll build equity in your home. Basically, you’ll be able to get that money back when you sell the house, instead of paying rent and having the money just disappear. And because property appreciates over time, your investment will grow and increase your return.

Customization

One of the best parts about owning your own home is that you don’t have to get anyone’s permission to paint a wall purple if you want to. You can hang shelves and art, paint, redo your kitchen, and change your floors as much as you want. When you own your home, you can customize and decorate to your heart’s content. 

Whether you want to buy a home for the first time or upgrade your current property, now is a great time to buy. Interest rates are at historic lows, which means you can save big on your mortgage. There are also several mortgage options available just for first time buyers that can make getting your own home easier. 

If you’re ready to buy your very first home, just reply to this email, and we can talk about your next steps.

Welcome to my weekly market update report for Lloydminster. Let’s see what happen with the real estate market in the past week. We had a total of 313 Active listings. 21 properties were just listed this past week. 5 properties pending, 8 have sold, and the average selling price this past week was $310,000. The homes recently sold ranged from $122,000 to $515,000 mark. We have an overall average of 51 days on the market. That is your market update for the past week. Are you wondering how much your home is worth? If you have any questions about the real estate market, Feel free to contact me. I hope you all have a fabulous and productive week, Be safe, and bye for now. Harpreet Christie RE/MAX of Lloydminster www.BorderCityRealEstate.com 780-205-7653 #Marketreport #weeklymarketupdateyll #bordercityrealestate #Cityoflloydminster#harpreetsmarketreport #Monday #happymonday #Lloydminsterrealestatemarket #lloydminsterrealestatemarketreport#Lovemymondays #Realestatenews #yllrealestate #buyingahome #sellingahomeyll #yllhomeforsale #homes #mondaystats#averagesellingpricerange #homeforsaleAB #homeforsale

Quality Built “Craftsman Country Acreage” featuring over 4,000 sq.ft of living space recently painted and updated flooring for a modern touch. 4 bedrooms, 4 baths, vaulted open beam construction, hardwood & tile floors throughout, spacious kitchen with quartz countertops, double wall ovens, large island, bright spa/rec room equipped with a hot tub and sauna with master bedroom access, His & Her walk in closets, jetted tubs, oversized custom shower in the master bedroom, den off the living room with gas fireplace, large games room with gas fireplace & bar area great for entertaining. 49×26 triple attached heated garage equipped with a 2-piece bath, 60×60 heated shop with 12’overhead doors & 14′ ceilings, 24×28 double detached garage, landscaped front to back, stamped concrete drive, spacious deck off spa/rec room with natural gas line for BBQ, private entry gates and more. 3D Virtual Tour Available.

$984,900
BLK B SW 12-48-28-W3RD
Rural, Saskatchewan S0M1R0
MLS® Number: A1118244
RE/MAX of LLOYDMINSTER

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Video: Laura Lights Photography

Want to put your house on the market this summer? Now is definitely a great time to sell and you’re likely to make a handsome profit. But by doing a couple of quick home improvement projects, you can increase the value of your home. Here are a few ideas that can really make a difference in your home’s value. 

Whole Home Projects

Throughout the home, give your walls a fresh coat of paint in a neutral beige or grey. New paint makes the whole home feel cleaner and newer, which is always a bonus in buyers’ eyes. Make sure your floors carry the same fresh feeling as your walls by getting them deep cleaned or re-stained and polished. If you have chipped tile floors or dingy carpet, consider replacing them with budget-friendly vinyl.

Kitchen Projects

Kitchens sell homes, so buyers will definitely be impressed if your kitchen has fresh touches. Make your kitchen feel more modern by replacing your backsplash with a clean subway tile. If your cabinets are dated, give them a couple of coats of white or grey paint and replace the hardware with brushed metal pulls. Have room in your budget for a new countertop? Definitely consider swapping your dated linoleum for a stone countertop.

Bathroom Projects

Bathrooms are another area where a bit of elbow grease can improve the value of your home. Upgrade the vanity by replacing it or painting it a darker neutral. Just like the kitchen, update the fixtures to sleek modern metals. Consider adding open shelving, too—buyers will love the extra storage space, and it will make the room feel more upscale. 

Outdoor Projects

Don’t forget curb appeal! A great first impression goes far for buyers, so make your entryway look nice by paving the walkway or by adding a new front door. If your roof is in need of repairs, drop the cash to get it replaced. A new roof is a major selling point, so you’ll be able to make back your investment pretty easily. 

With a bit of elbow grease and a small budget, you can seriously boost your home’s value and make a greater profit on it when you sell. I recommend working with a real estate agent to figure out which projects are the most important for your home so you can get the best ROI. If you want a professional opinion on the best renovations for your home, just reply to this email!

A first home is commonly referred to as a “starter home”—a property to get you started in real estate and that you’ll sell later on.If you’re a first time home buyer, it’s good to get used to the idea that your first home will probably not be your forever or dream home. However, you’ll definitely want to make sure that your starter home is a good investment, so here’s what to look for in your first home.

How’s the neighborhood?

A great neighborhood can make more of a difference than you’d think when it comes to buying a home. Plus, a great neighborhood can help you get a great return on investment when you sell your home. Make sure the neighborhood matches the lifestyle you want: if you love to go out on the town, a quiet neighborhood mainly for seniors probably won’t be a great fit. 

Make a list of the things you want to be close to (grocery stores, parks, trails, restaurants, etc) and compare your commute time. Don’t forget to check out crime reports and local schools, too. 

Does it fit in your budget?

Your first home’s mortgage should comfortably fit in your monthly budget, and you’ll want to make sure you have enough saved for emergency expenses. When buying a home, it’s almost inevitable that you’ll face unexpected repairs in the first year—and that’s not counting the fun decorating or renovating you’ll want to do. 

Does it have resale potential?

When you buy your starter home, you’re going in with the knowledge that you’ll sell it somewhere down the line–probably within the next 5-10 years. You’ll want to have an exit strategy going in, so make sure that your starter home is a good investment in a good area. 

While a cheap “diamond in the rough” home can be tempting, they often take more time and money than originally planned. It’s best to stick with a home that needs few cosmetic updates and doesn’t need any structural changes.

Of course, I always recommend working with a real estate agent to find the perfect home for your lifestyle and financial future. If you’re ready to find your first home, reply to this email and we can chat over coffee!

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