Purchasing a home is one of the most significant financial decisions many people make, but beyond the sale price, there are several hidden costs that can catch buyers off guard. Whether you’re a first-time buyer or an experienced investor, being aware of these expenses can save you from unexpected financial stress and help you budget…
When buying or selling strata properties in Kelowna, one crucial aspect of the transaction often gets overlooked—strata documents. These documents offer critical insights into the health and governance of the property, impacting everything from maintenance costs to future liabilities. Whether you’re a first-time homebuyer or a seasoned real estate investor, knowing how to review strata…
As sustainability continues to become a driving force in many industries, the Kelowna real estate market is no exception. More and more homebuyers are seeking energy-efficient homes that provide long-term savings and a reduced environmental footprint. In Kelowna, BC, this trend is on the rise, as buyers increasingly prioritize eco-friendly features in their purchasing decisions.…
BILL 44 – How does this legislation affect strata properties in BC? On November 24, 2022, an Amendment was made to the Strata Property Act which in short summary: Removed rental restrictions (No rental restriction bylaws allowed) Removed certain Age Restrictions Age restriction bylaws only allowed for 55+ strata No other age restriction bylaws allowed…
This video talks about A.T.I.C which is the Age and Type of materials used in homes which can lead to Issues that Cost you money to fix or replace. Getting home inspections on new or used homes before you buy is always recommended and we teach you some key systems to keep an eye out…
0:39 – Conventional Hot Water Tanks 1:47 – Hot Water On Demand “Tankless” Water Heater 2:45 – Heat Pump Hot Water System 3:52 – Solar Panel Hot Water System 4:22 – When Should You Replace Your Hot Water Tank? 5:35 – Which System Should I Get? Whether you’re already living in a home or you’re…
0:29 – Exterior Features 1:20 – Cabinets And Under-mount Lights 1:47 – Paint Touchups 2:09 – Baseboards 2:16 – Bathroom Edges and Silicone 2:37 – Trim and Finishing Work 3:02 – Outlets and Drywall 3:36 – Water Issues and Leaking Plumbing 4:22 – Checking Appliances 4:56 – Mechanical Systems (hot water and furnace) 5:22 -…
Today we’re going to be talking about mortgage deferrals during this epidemic and whether or not this is a good idea and if you should do it and how it’s going to affect you. So I’m located in Canada and the big banks here have announced in late March that they’re going to allow a…
Hey there everyone. It’s JP from the Letnick estates group here to talk about some Real Estate Tips. Today I’m going to be talking about property transfer tax. How much does it cost and who pays it? So in British Columbia, Canada, property transfer tax when you’re purchasing a property is 1% of the first…