How To Renovate It Yourself or Hire It Out When Buying?

Buying a home that needs work can be a smart move—or a stressful misstep—depending on how well you plan. Whether you’re a hands-on fixer or want the place done right before moving in, the key question is:

Should you take on the renovation yourself, or hire it out to the pros?

Ryan’s Renovation Matrix

This decision matrix helps you quickly see how hands-on you should be based on skills, goals, and budget.

Rule of thumb: Renovations over 10% of purchase price are like flipping a home—for yourself. Plan accordingly.

Scenario 1: Renovate Before You Move In

Do all the work while the home is empty, then move in—cleaner and faster if planned well.

Checklist

• Talk to your mortgage broker before you shop.
• Confirm purchase-plus-improvement or construction loan options.
• Ensure you meet the 5% downpayment and LTV requirements.
• Request detailed contractor quotes during the conditional period.
• Verify contractor start date aligns with closing.
• Allow 15–25% contingency in your budget.
• Set a realistic move-in target with 1–2 months buffer.
• Make major layout and finish selections early.

Scenario 2: Renovate After You Move In

Live in the home and renovate in stages—more flexible but slower and messier.

Checklist

• Discuss renovation plans with your broker before closing.
• Plan for a renovation mortgage or HELOC post-equity build.
• Prioritize rooms and schedule work in phases.
• Obtain multiple detailed contractor quotes.
• Prepare for dust, noise, and limited space.
• Decide on DIY vs pro tasks per phase.
• Agree on payment draws and lien waiver schedule.
• Reevaluate scope and budget after each phase.

Deep Dive: Questions to Ask

Questions for Your Mortgage Broker

• Can I use a Purchase Plus Improvements mortgage? What’s the maximum LTV?
• Is a staged draw construction loan better for my scope?
• How are draws released, and are any holdbacks required per provincial lien laws?
• What downpayment do I need, and what timelines apply (e.g., 90–120 days to complete)?
• What documentation (quotes, permits, plans) must be submitted before closing?
• How do I get holdback funds released after final inspection or appraisal?
• Are there provincial rebates or warranty requirements for my renovation type?

Questions for Your Contractor

• Do you carry full licensing, insurance, and WSIB coverage? Can I see certificates?
• What’s your availability, and can you meet my conditional-period quote deadline?
• Can you provide a detailed, itemized quote and contract with milestone draws?
• Will you manage permits, inspections, and code compliance?
• What payment schedule and lien waiver process do you require?
• Can you share references and examples of similar completed projects?
• How will you handle dust control, daily cleanup, and living arrangements?
• What warranty and after-service support do you offer upon completion?

Note: Specific requirements can vary by province, especially for permits and lien holdbacks. Always double-check local building codes and financing rules in your area.

Detailed Timeline & Cost Summary

Below is a quick-reference matrix for 20 common renovation types in Edmonton, AB. See the detailed descriptions that follow for more context.

Critical Path Timeline Overview

Every renovation project follows a critical path—key milestones that must happen in sequence to stay on schedule. Below is the high-level flow for an Edmonton home renovation:

1. Home Search & Offer: Identify properties and submit offers. Track acceptance date (Day 0).
2. Inspections & Financing Conditional Period (Days 1–14): Conduct home and contractor inspections simultaneously; gather initial quotes. Secure renovation financing approval from your mortgage broker.
3. Waive Conditions & Close (Days 14–60): Finalize financing, remove conditions, and set possession date (typically 30–60 days post-offer).
4. Detailed Planning & Permits (Days 0–14 Post-Possession): Finalize designs and budgets immediately after possession. Submit permit applications—Edmonton issues simple permits in ~1–2 weeks.
5. Order Long-Lead Items (Weeks 1–6): Place orders for custom cabinetry, windows, appliances—these often take 2–6 weeks to arrive.
6. Demolition & Rough-In (Weeks 2–6): Remove old materials, then complete rough framing, plumbing, electrical, and HVAC. Schedule mid-project inspections.
7. Finish Work (Weeks 6–12): Install drywall, flooring, fixtures, trim, and final finishes. Precision work happens here—painting, tiling, cabinetry installation.
8. Final Inspections & Punch List (Weeks 12–14): Arrange city inspections to close permits. Contractor addresses any minor fixes.
9. Move-In & Follow-Up (Week 14+): Return furniture and décor. Conduct a warranty check at 30 and 90 days post-completion to ensure everything settles well.

Project Details & Tips

Kitchen Remodel

Full gut renovations can take 12–24 weeks from permit to finish; minor refreshes (cabinets/counters) often wrap in 2–6 weeks. Permits apply whenever you move walls, run new plumbing, or alter electrical. DIY saves 15–30% on labor but requires skill and time. Examples:

• Refreshing cabinets with paint and hardware (no permit) in 3–4 weeks costs ~$12K (contractor) vs. ~$4K (materials DIY).
• Reconfiguring layout—moving sink and installing an island—requires plumbing and electrical permits, ~16 weeks, \$30K–\$45K.
• Adding built-in pantry and quartz surfaces: 10–14 weeks, \$20K–\$35K (contractor), yields ~75% ROI.

Bathroom Upgrade

Mid-range baths (~\$13.5K average) finish in 4–8 weeks. Full plumbing relocation mandates permits. Examples:

• Swapping fixtures and retile shower (no layout change) in 2–3 weeks: \$8K (contractor) vs. \$2K (DIY plumbing/tiling).
• Adding a soaker tub and double vanity—requires plumbing permit—6–8 weeks, \$18K–\$22K.
• Installing heated tile flooring and custom cabinetry: 8–10 weeks, \$20K–\$28K, ~65% ROI on sale.

Basement Development

Finishing a basement adds valuable living space and often requires egress windows and permits. Typical scope for a 1,000 ft² area:

• Basic refresh (paint, flooring, lighting) in 2–4 weeks: \$35–\$60/ft² contractor vs. 20–30% savings DIY.
• Adding a 3-piece bathroom and wet bar (permits required) in 6–10 weeks: \$60–\$90/ft², ~70% ROI.
• Legal suite conversion (separate entrance, full kitchen) over 12 weeks: \$90–\$150+/ft², rental income potential.

Flooring

Updating floors modernizes a home and can often be done room-by-room. Key examples:

• Installing engineered hardwood in main living areas (500 ft²) in 1 week: \$8–\$12/ft² installed vs. \$4–\$6/ft² DIY materials.
• Luxury vinyl plank in high-traffic zones in 3–5 days: \$3–\$5/ft² installed; DIY saves ~40% on materials.
• Heated ceramic tile in bathrooms/kitchen (150 ft²) in 1–2 weeks: \$10–\$18/ft², elevates comfort and resale appeal.

Window & Door Replacement

New windows and doors improve energy efficiency and curb appeal. Examples:

• Vinyl window swap (10 windows) in 3–5 days: \$500–\$2500 each installed vs. \$300–\$1500 DIY.
• Front entry door upgrade to insulated fiberglass in 2 days: \$1,500–\$2,500 installed, boosts security and style.
• Sliding glass patio door replacement in 1 day: \$2,500–\$4,000 installed, enhances natural light and flow.

Siding Replacement

Refreshing exterior siding revitalizes a home’s look and protection. Typical jobs:

• Vinyl to vinyl re-siding (1,500 ft²) in 1–2 weeks: \$5–\$8/ft² installed; minimal permit requirements.
• Upgrading to fiber cement board in 2 weeks: \$8–\$12/ft², higher durability and aesthetic value.
• Accent stone or brick veneer application (200 ft²) in 1 week: \$15–\$25/ft², focal detail on façade.

Insulation Upgrades

Improving insulation increases comfort and reduces bills. Key examples:

• Attic insulation top-up (1,200 ft²) in 1–2 days: \$1,200–\$2,500 installed vs. \$300–\$600 DIY batts.
• Spray foam wall insulation in 2–4 days: \$3–\$5/ft², seals drafts and maximizes thermal performance.
• Basement rim joist insulation in 1 week: \$2,000–\$4,000 installed, eliminates cold spots and moisture issues.

Open Deck Construction

A backyard deck extends living areas outdoors and typically follows these scenarios:

• Pressure-treated wood deck (200 ft²) in 1 week: \$30–\$45/ft² installed vs. \$15–\$25/ft² DIY materials.
• Composite decking option in 1–2 weeks: \$45–\$60/ft², low maintenance, ~60% ROI.
• Custom built-in seating and planters add \$1,500–\$3,000 in 3–4 days to project cost, enhances functionality.

Detached Garage Build

Building a garage adds storage and parking. Phases include foundation, framing, and finish:

• Single-car garage (12×20 ft) in 4–6 weeks: \$20K–\$30K, basic shell only; permit and site prep add \$2K–\$5K.
• Two-car garage (24×24 ft) in 6–8 weeks: \$35K–\$60K, includes insulation and basic electrical.
• Insulated & heated garage option adds \$5K–\$10K and 1–2 weeks, improves usability year-round.

Looking for buying and renovating edmonton? Browse our Edmonton home buyers hub or try the free affordability calculator.

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Over the past decade alone, the national cost of housing has doubled in some markets. Most baby boomers have seen unprecedented growth in the value of their home. That’s why downsizing your house to save money right now could be a great choice.

The Benefits of Downsizing

• Maintaining a large home is expensive (in both time and money)
• Sell your home to realize its value
• You can invest or spend that money in retirement

You may have bought a large house because you had kids running around or you wanted a ranch in the country. Those same reasons may no longer be practical. Regardless of why you bought a large home, one thing is likely true now: that home is worth a whole lot more. If you have a big home and you’re not using the space, now is the right time to consider downsizing. Canada’s housing market continues to grow and you could fare well if you go about selling correctly.

Here’s why.

The Bigger the House = the Bigger the Cost

The larger the house, the more upfront cost in both time and money. Ever think about how much time you spend vacuuming that large living room or cleaning up that huge kitchen? What about your yard? Mowing the lawn and raking leaves may not be how you want to spend every weekend now.

Owning a large home is also expensive, even if you’ve paid off the mortgage. To start, your energy bill is going to be a lot higher even if you take care to turn off the lights. If you’re in Ontario and running the air conditioner during the sweltering summer your electricity bill will be high. Or if you’re living anywhere other than Vancouver or Victoria your heating bill in the winter for a large home will be (forgive the pun) through the roof. If you have space in your home that isn’t being put to good use, you’re likely wasting energy and money keeping it temperature controlled.

Even if you’re living mortgage free you still having expenses like property taxes and homeowner’s insurance. Oh, and don’t forget that the older your home gets, the more it will cost in maintenance. That small leak in the basement may need the foundation eventually fixed and that smell from your teenager’s bedroom may turn out to be mold.

Between utilities, taxes, and insurance, and maintenance, you’re spending a pretty penny plus a costly mortgage if you still have one. If you’re not using the space in your large home, the money spent on all of these factors is just wasted. Downsizing can mean exponential costs saved by spending what is reasonable for you lifestyle. 

Use That Money to Make Smart Investments

While it’s tempting to spend the money you made through downsizing your house on a nice new boat or car, consider investing in something that’s going to benefit you and your family in the long run. More and more Canadians neglect their retirement savings accounts. Many working-age families in Canada have little savings in their retirement account, with 32% of Canadians between the ages of 45 and 64 having none at all. Most of us think of a house as an asset when really it is a liability. Mortgage payments can suck away your extra cash leaving you with nothing to tuck away for retirement.

If you’re in the 32% of Canadians you can still make smart choices today. By downsizing into a smaller, less expensive home, you could invest the money that you were spending on mortgage, taxes, insurance, and utilities into your future by depositing it into a Registered Retirement Savings Plan (RRSP). If you already maxed out your RRSP you may want to look at a Tax Free Savings Account (TFSA) that allows you to invest without the penalty of paying capital gains. Downsizing gives you the flexibility to place your eggs in different baskets rather than having everything in an expensive house.

How to Maximize Downsizing Savings

Whatever you do with your money is up to you, but unless you’re smart about downsizing your home to save money, you might not even have the money to make such investments.

Selling your home isn’t just a one and done process, and you should never go about it on your own. Real estate agents exist for a reason, and homes sold with the assistance of agents sell for about $60,000 more than those sold solely by the owner according to the National Association of REALTOR® in the United States.

It’s hard to navigate the housing market, spruce up your listing, and write legible closing contracts. Downsizing your house on your own can be a nightmare.

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You are ready to start shopping for a house, Congrats! But before you do, it is paramount that you perform preliminary real estate market research to establish what kind of properties you should be looking at. Make sure you are prepared before you start looking around, so you can find a house that will be a perfect fit for your life AND your wallet!

For a step by step guide simply select the timeline in BuyMyHomie.com and read below for more details.

Budget - Can you afford it?

Look at your entire budget to establish what type of house you can afford, or if you can even afford one at all. Take into account every monthly and yearly expense in contrast to your household income. If the cost of owning a home consumes more than 30% of your income before taxes, it may not be affordable for you.

Credit

If you are thinking about buying a house, the very first step you should take in your initial real estate market research is determining where your credit score is. Knowing your credit standing allows you to address and remedy any concerns. Doing so before apply for a mortgage will help you get approved faster and for a potentially better interest rate. If you don’t know what your credit score is, you can use a variety of different credit reporting bureaus or speak to a financial advisor.

Down Payment

Before you can acquire a mortgage, you will need to have a down payment saved. There are other options out there depending on if this is your first home or what type of mortgage you are interested in. Don’t worry, saving for a down payment doesn’t have to be scary – check out our post about how to save for a house!

Mortgage and Interest rates

Naturally, when determining what will be reasonably affordable for you when buying a house, the first thing to look at is the mortgage itself.  Look at the total mortgage amount you can pay, what the amortization period you can manage, the current interest rates and how this impacts your monthly payments. This is your starting point to outline what monthly budget is within your reach and will dictate the price range you should be shopping for.

Mortgage insurance

When taking a look at the purchase price of a home, you will need to consider the cost of a mortgage insurance payment. Depending on the percentage of your down payment, the loan-to-value ratio will dictate whether you pay 0% – 4% for mortgage insurance rates from the Canada Mortgage and Housing Corporation.

Homeowners insurance

With homeowner insurance, rates vary based on various factors including (but not limited to) location, property value, coverage type, and the company you choose. Do your research to find the best solution for you. Based on a survey, the average monthly insurance payment in Edmonton is $67, which can be a good starting point for factoring payment into your initial budget determination.

Property taxes

Be sure to include your property taxes in your real estate market research monthly payment calculations. Many people forget about these when working out how much they can pay on their mortgage each month, but you will have to pay them so it is best to factor them in right off the best to set up more realistic expectations. Tax rates are dependent on the value of the property, including the house and land, and typically fall around 1%. In Edmonton, the current rates are 0.94% for residential and 1.04% for multi. When you are using an online calculator, it is important that you make sure it is representing your local rates for an accurate assessment. 

Maintenance and repairs

If you are purchasing an older home, you will need to account for potential costs of keeping up the property into your budget. Whether you decide to renovate or perform general maintenance as it becomes necessary, you should be be looking at these before into the home cost right off the bat. Look at the cost of replacing old appliances, roofing, and HVAC systems to prepare yourself for the unavoidable expenses that you might have for an older property. You can also look at the cost of potential aesthetic or person preference upgrades as well, but if you are planning on jumping on a full facelift to customize the house right away, then you won’t need to include this in your initial budget.

Other fees and considerations

There are additional fees your should consider while building a preliminary budget in you real estate market research that occur during the purchase of a house. These include closing costs (appraisal, application, credit report). In addition, you can look at potential tax exemptions and deductions you may be eligible for to bring down the over all cost.

What are you looking for?

After you have established what you can comfortably afford and reasonably expect to be qualified for, the next step in your real estate market research will be to decide what you want in a house. Figure out what are your must-haves, general wants and what are going to be absolute deal breakers for you. This way, when you are shopping around for the perfect house, you will a predetermined set of criteria that will help keep you on the right track.

Download our Wants vs Needs Checklist!

Location

Consider where you would like to live. This includes many factors, but the first step is looking at a general area of Edmonton or a few neighborhoods you would prefer. Factor your regular commute into the equation, accounting for both time and money. With the cost of gas being what it is, you want to look for an area close to work or with easy access to save on miles, time and dollars. Additionally, if you are a parent or thinking of starting a family, you may want to pay attention to school zones, nearby parks, or possible day cares.

These are a couple of the primary things to look at when deciding the location you wish to buy in, but there are many more that may be important for you or your family. Community engagement, shopping centers, crime rates, property values or other nearby amenities like dog parks are things that can be more or less important to you. 

If you think you have a couple good areas in mind, do your homework first. You can search up neighbourhoods to view data points and reviews. Visit the community website to get insights and general information to help you determine its suitability. Read reviews for the schools and daycares. Check out neighbourhood statistics online such as crime reporting or property value trends. If you are still unsure, you can get out and take a walk around the neighbourhood! Walk the paths, go to the park, talk to neighbours – all of these things will help you decide if this neighbourhood will be a good place for you to purchase your next home.

Property & House

Beyond location, you should be thinking about what type of property and house would be the most appropriate for your needs. Are you looking for a beautiful view or a larger lot? Is a yard with a garden important or would you prefer a big deck for hosting? Are you looking for a smaller cozy bungalow or did you want a larger house with a lot of extra space? Is a garage a necessity for you or did you prefer a large driveway? Also, think about any design preferences or specific lifestyle needs you may have. You may want a unique Victorian style home with lots of intricate details that would require a lot of maintenance. If you are looking for less upkeep, you may want something simpler.

Home Features

Prior to beginning your search, you should establish exactly what you want in the home including other elements like the ideal floor plan, square footage and rooms. Decide how many bedrooms and bathrooms you will need. If you have any other rooms outside of the standard bedrooms such as a rec room, mud room, laundry dedicated room, gym, or a home office. These should be included in your wants as well. Figure out if a walk-in closet or a kitchen island is more important. Decide if you require natural lighting that would mean big windows or if you prefer having high ceilings. These things are all unique to each person, but you should make sure you know exactly what you want or need. It is important to keep in mind that, you may not find a house that is exactly what you had pictured, so rank these things in importance. Separate the absolute must-haves from the wants, which will help you be more realistic when you are browsing properties.

Renovations

After creating a thorough wants and needs list for your real estate market research, dive into the cost of achieving the things you can’t find. If you find the perfect house, except it is missing the kitchen island that you put high on your wants list, how much would it cost to renovate? What is the price of getting the perfect en-suite bathroom for your primary? Can you make these essential renovations and still stay within the budget you previously outlined? Are you even willing to do renovations at all or will the dream home need to be move-in ready? If this is the case, you may need to sacrifice a couple more things off your wants list. 

Keep in mind that, while there may be some things that you think you need or can’t stand to have, it might be worth it to live with something that is not perfect for a short period of time until you can reasonably afford to change it. You may come across wall paper you hate or are firm about having a smart thermostat. These things can be more fixable than the location or the size of the property. That being said, don’t buy something that is beyond what you can handle financially or something you won’t have the means to fix.

What else should you do in your Real Estate Market Research?

After you have figured out your budget and what you want in a house, you should make sure you are prepared to buy. Take a look at the market status to see if it is the right time for you to start looking for a home. Picking the wrong time could mean you are paying much more than necessary for a house or there may be too much noise and no substance. 

You will also want to establish your motives and future plans. How long do you plan on staying in this house? Will you be selling when you are older or will you hand it down?

Who will you hire?

Within your real estate market research, you should be taking the time to do homework on any resources you may need. Take the time to find the best REALTOR® for your needs, the market is saturated so you should make sure you find someone who will look out for your best interests. Finding a good agent will help you match your criteria to homes that will be a good fit and will know how to navigate the market. Look into Edmonton real estate lawyers, mortgage brokers, home inspectors and any other professionals that you may want to hire to achieve your needs. 

It is important to be well informed and properly prepared before you start the search for your dream home so you can make appropriate decisions and avoid impulsive decisions. Take some time to determine if a new home is actually right for your, what you want and what budget will be affordable for you. Once you have done your real estate market research, you can start browsing for homes! Check out MyHomie Buyers App to start looking and get customized results tailored to your like history or talk to a Keylo REALTOR® today!

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You are thinking about making a bid on a house you found whilst shopping or listing your house on the market, but want to figure out the fair market value. You may have heard of a comparative market analysis before and what to do one, but have no idea where to start. We heard your questions and we are breaking it down for you here!

What is it?

A comparative Market Analysis – or CMA – is an evaluation of the market value for a specific property based on recent or historic sales, trends and values represented by homes of similar nature. This is typically used for both people looking to buy and sell a home. When you are shopping for a house it is ideal to look at home’s value to assess if you are getting  bang for your buck or drastically over paying. Conversely, before you list your house, you should be appropriately evaluating the current market to price it effectively and ultimately get the most optimal sale.

Check out an example on Investopedia.com

The comparative market analysis differs from a professionally conducted appraisal in that an appraisal will set a value on the home defined by a predetermined set of criteria as opposed to a CMA that would give an objective value according to the current position of the market.

When doing a CMA, you would use the comparable criteria and make adjustments to accommodate unique features and aspects of your individual property. Perhaps you have a pool and a neighbor’s house does not or maybe a similar property recently renovated their kitchen and you have original fixtures. These things will affect the final price value consideration.

It is typically recommended that you use both a comparative market analysis and professional appraisal in tandem to efficiently price a home. Most real estate professionals will be able to assist you in finding the ultimate sweet spot to get an accurate property value.

How do you do a Comparative Market Analysis?

There are numerous online resources that will calculate a comparative market analysis using available online data such as; Honest Door, Zillow or our own online CMA tool (we are currently working on shiny new software that will make this process much more simple… but you will have to stay tuned for that).

While these online resources can give you a general idea, they are mostly just rough estimates. You will need to dive a lot deeper to get an accurate comparative market analysis, which becomes a lot easier with an experienced professional to guide you through the mountains of information. So, how do you actually calculate a comparative market analysis?

1. Look at the property

The first thing you need to do is assess the property itself to create a general outline that can be used for comparison. This will include the size of both the building and lot, construction age, number of bedrooms and bathrooms, amenities, features and any recent upgrades. You will also want to look at the community, including the proximity to shops, schools, transit, etc.

2. Comparables

Search homes that are approximately within a 5 km radius of the property to compare with. You will want to find at least 3 that are currently listed with specifications similar to what you summarized in the first step. The listing price may or may not determine the current property value depending on the housing market. In a sellers market, you can expect the prices to be inflated where a buyers market can deflate prices.

In addition, you should look at a handful of homes that have recently sold in the same area to add to your list of comparables. Houses that have sold within the last 3 month will be a more accurate depiction of their respective market value. Looking at pending and expired listings will also be valuable information to find the appropriate value in your comparative market analysis – pending houses are an insight into the current market trends and expired listings may mean that property was priced too high. 

When finding houses to use in your comparative market analysis, be careful to include as many similar criteria components as possible – it goes without saying that the more similar the houses, the more relevant the data will be. If you are calculating a CMA for a townhouse, only look at other townhouses. Look at properties that have equivalent lot and floor sizes – you cannot reasonably compare a 1,500 square foot home to one that is hundreds of square feet larger. This same logic applies to rooms, age and all other specific amenities.

3. Adjust the value

No two properties are exactly the same, unless you are living in cookie cutter suburbia, which means you may need to make adjustments to the number derived from your comparables. Consider other factors that may change the market value of the property you are assessing. Elements that might increase value can include renovations, new appliances, additions, and landscaping. In comparison, elements that could decrease value may be lack thereof any of the previously listed, structural damage, undesirable curb appeal or missing amenities. 

It is also necessary to access any information about the house that may be pertinent to a valuation. Pull any relevant building permits, tax information and look at the complete sold history. These may affect this individual home’s market value. The City of Edmonton website can help you locate some assessment information.

4. Determine the condition

Inspect the property thoroughly in it’s entirety to establish the overall condition. You can walk through yourself to get a general idea or get a professional opinion. Contracting a professional appraiser or a home inspector will out exactly what the current health of the home looks like and give you more comparable data to use. The information you receive from either an inspection or appraisal will be applied best when working in tandem with your comparative market analysis research to find the most appropriate current market value.

Comparative Market Analysis

Outline the approximate value of the house you are assessing by consolidating the results you collected in your research. Compile the data from all of the comparables you located and reference the rest of the information accumulated that is impactful to make a reasonable rough number. For a bit more accuracy, you can divide the cost of the comparable houses by their square footage to get a cost per square foot, which can then be translated into a formula to calculate your total amount.

Through all of this, you can appropriately determine a reasonable estimate of a homes value by conducting a comparative market analysis. With all of that said, it is always recommended that you request help and information from a professional when dealing with such a large price evaluation. An experienced agent can guide you through this process and utilize their years of knowledge and awareness of market trends to find an amount that will accommodate all of these moving parts. If you are looking for a hand, as always, we are happy to help!

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Separate Deal Breakers from Wants

Before you go to view your first home, have a list of deal breakers. If a house is missing any of these, walk away. This lowers the risk of an impulse buy on a home that feels perfect but is actually missing something critical. Have a large family? A 1-bedroom condo is probably a deal breaker. This applies equally to price. Set a price ceiling where you walk away in case you end up in a bidding war. This helps take the emotion out of the process and keeps you in control.

In a separate list write down all your wants. You want to cross off as many of these from your list as possible, but missing one of them won’t be reason enough to walk away. Commute to work in under 15 minutes would be nice but may not be a reason to walk from a home that fits all your needs and most of your other wants.

Talk to the Owners

Not every owner will want to speak with you in person (they have a REALTOR® for a reason). Wherever possible talk to the owners to learn what you can’t always see, hear or smell. Most homeowners have an emotional attachment to where they lived and will be more than happy to fill you in on the benefits (and sometimes even the drawbacks) of their neighbourhood. Homeowners have a legal obligation to be honest if you ask pointed questions. They can’t hide a known defect so ask plenty of questions! Their problems may otherwise soon be your problems.

Location, Location, Location

There’s a reason for this old adage. The location of your home is tied to more than just price. This is where you will spend the majority of your time. The neighbourhood will indirectly affect your safety through crime rates, happiness through access to local facilities, and much more. Think beyond commute times and whether it is the latest area to be gentrified. Imagine yourself eating, breathing, and sleeping in that area. The right REALTOR® will have local knowledge about your potential new neighbourhood. If you don’t already have an agent, choose a referral service that will match you to someone local that you can trust.

Leave Inspections to the Professionals 

Even if you work in the trades, chances are that you don’t know everything about every trade. Spend less time worrying about the quality of the foundation and more time focused on your deal breakers and wants. These are within your control. Pay for a professional home inspection and don’t waste your time worrying about what’s in the walls since you don’t have the skill to accurately identify problems. Should you keep an eye for obvious signs of neglect and poor maintenance? Of course. Otherwise, leave the inspections to the professionals.

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Edmonton is the northernmost metropolis in Canada, housing over one million residents. Located about 185 miles to the north of Calgary and nestled along the North Saskatchewan River, It serves as the capital of Alberta. The Edmonton real estate market has many townhouse options across its vast neighborhoods, so you cannot miss an ideal home.

This guide will teach you about Edmonton townhouses, why buy one and move to the region, and some REALTORS® to check out. So read on.

The Best Townhouse for Sale in Edmonton

Townhouses are homes differing in ownership from condos and share walls with adjacent units. The unit consists of two floors, but unlike duplexes, each unit is individually owned.

Townhouses can be sold as condos; you will own the interior only. The units sold as townhouses allow you to own the exterior. However, most townhouses for sale in Edmonton have a homeowner’s association (HOA) that attends to maintenance.

Why live in Edmonton

1.  Recreation and Entertainment

Edmonton has several recreational areas, with the North Saskatchewan River running along the city. Notable parks in the region include Strathcona Wilderness Centre, Elk Island National Park, and others.

Moreover, the city is home to various attractions like the Art Gallery of Alberta, Citadel theatre, and others. The West Edmonton Mall, one of the biggest malls in Northern America, calls the city home and has many features to offer.

2.  Accessibility

Edmonton is highly accessible, with the area connected to other regions by two significant roads: Yellowhead Highway and the Queen Elizabeth II Highway. Moreover, the city is well interconnected by streets and avenues.

Edmonton also has an efficient public transit system connecting the different parts of the city. The Edmonton Airport is in Leduc County and offers non-stop flights to various destinations globally.

3.  Lower Living Cost

Edmontonians enjoy low provincial sales tax and more annual disposable income. Moreover, with the low cost of diesel and gasoline, most people use cars to move around the city.

According to Daily Hive, Edmonton is one of the most affordable cities in North America. Moreover, with a vast list of employers, the region is lucrative for individuals looking to develop their careers.

4.  Availability of Basic Amenities

When looking for a townhouse for sale in Edmonton, you want it closer to basic amenities. The region is no short of essential amenities like schools and health facilities.

Edmonton is home to the University of Alberta, a leading facility housing more than 38,000 students. Other notable education facilities include Grant MacEwan University, Athabasca, and Concordia University.

The area has three school boards attending to thousands of K-12 students. Moreover, the system is diverse in that children can learn other languages.

Edmonton is home to various health facilities spread across the region. You can also apply for the Alberta Health Care Insurance Plan (AHICP) to cover your health needs. However, this plan may not cover some services and prescriptions.

5.  Diversity

According to the Canadian Real Estate Association (CREA), 11,159 immigrants moved to the city in the first quarter of 2022. This figure represented a 67.8% yearly increase from 2021.

That said, Edmonton is home to a vast global list of immigrants from different backgrounds. So, no matter where you come from, settling in should not be challenging.

The Best Edmonton Townhouse Agent

Edmonton’s real estate market can be challenging for new home buyers. However, with the best real estate agent, you can locate an ideal townhouse for sale in Edmonton quickly.

Here are some REALTORS® worth checking out.

Edmonton Real Estate Agent	Features
Keylo	Best Real Estate Agent in Edmonton Lists your home on all platforms ?Free consultations and great service ? Swipe on listings
YEGPro Realty	71 agents Mobile app
The Foundry Real Estate Co.	Since 2013 Latest videography methods

1.  Keylo

Operating out of Edmonton, Keylo is a real estate brokerage you can depend on when looking for the best REALTOR®. BuyMyHomie.com the Tinder of Real estate has been an instant hit with buyers.

Keylo is headed by a top REALTOR®, Ryan Mracek, whose primary mission is to ensure you quickly get the best townhouse for sale in Edmonton. Moreover, the firm offers free consultations and has a buyer’s app you can use to narrow down your search.

2.  RE/MAX EXCELLENCE

Probably the most prominent real estate firm in Canada, RE/MAX EXCELLENCE comprises over 160 associates. Moreover, these professionals specialize in marketing, leadership, and management, enabling smooth sales.

The firm can help you find the best townhouse for sale in Edmonton and commercial property if you want to expand your business. RE/MAX EXCELLENCE also offers free consultations if unsure where to start your home ownership search.

3.  MaxWell Realty Canada

Established in 1999, MaxWell Realty Canada has become one of the leading real estate firms. The company has offices across five Edmonton locations, with its headquarters in the city.

MaxWell Realty Canada has a free mortgage calculator and a home search app to help with your search for a townhouse for sale in Edmonton. Moreover, if looking for property in the luxury sector, you can depend on this real estate firm.

Townhouse for Sale in Edmonton Conclusion

Locating the best townhouse for sale in Edmonton can be challenging for new home buyers. Moreover, if you are new to the region, you will need credible guidance to get an excellent home deal. With the above knowledge, you can confidently navigate the Edmonton townhouses market. Contact us for a free consultation and get your home ownership journey right.

FAQs about Townhouses for Sale Edmonton

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The post Townhouse For Sale In Edmonton appeared first on Keylo.ca.

Nestled along the North Saskatchewan River, Edmonton serves as the capital of Alberta. The metropolitan area is home to over 1.4 million people across 375 neighborhoods. Houses in the Edmonton region vary with designs from newly constructed homes to old ones, attracting varying prices.

In this guide, you will learn about a duplex for sale in Edmonton, how to find one, its cost, and the best agents to check out. So read on.

What is a Duplex

A duplex is a small multi-family home that is divided into two units. It may look like one housing unit, but the distinction lies in the two doors on the front and a wall separating them.

Duplexes are not the same as twin homes in that when you buy a duplex, you have the whole unit in one lot. On the other hand, twin homes are two separate housing units joined through a wall line which acts as the lot division of the two properties.

A duplex allows you to own a house while renting out a part to another family. The house can be a bungalow-type split in the middle, or a one-story unit separated between the floors.

How to Find the Best Duplex for Sale in Edmonton

Buying a duplex for sale in Edmonton is one of the major life decisions you can make. Edmonton real estate is growing, but according to the Edmonton Journal, the area is still more affordable than most Canadian metropolitans.

So how do you find the best duplex for sale?

1.  Consult Local REALTORS®

There is a vast list of certified REALTORS® serving the Greater Edmonton area. They are the best option for buying real estate. Certified local REALTORS® have all the real estate knowledge needed to buy and sell Edmonton homes.

Moreover, most real estate agents work in unison, making it easy to buy a duplex for sale in Edmonton. Also, note that since you are looking to buy, you do not have to worry about the commission fee because the seller usually covers this part.

2.  Explore the Internet

The biggest Canadian real estate listing website, MLS, is online, and REALTORS® update it every minute. This tool has made it easier to locate the best listing according to personal preference.

Moreover, the internet allows you to window shop the available options without committing. This is especially handy if you intend to save up to buy a duplex for sale in the future.

3.  Check out the Neighborhoods

When looking to buy a duplex for sale in Edmonton, chances are you are ready to make the purchase and have the ideal location. You can drive around the neighborhood in your free time looking for any ‘for sale’ boards that will likely be embedded in the home’s front yard.

Moreover, you can join the neighborhood forums to interact with the existing residents. Most platforms allow open discussions where you can ask for recommendations on the best duplex for sale within the area.

How Much Does a Duplex Cost in Edmonton

According to the REALTORS® Association of Edmonton, the average price of an Edmonton duplex listed for sale is $360,570. This is a 1.5% yearly value increase from August 2021 and a 3.3% monthly decrease from July 2022.

Best Edmonton Duplex Agent

As highlighted before, the region has a broad list of agents you can check out. Here are the three best real estate agents.

Edmonton Real Estate Agent	Features
Keylo	Best Real Estate Agent in Edmonton Lists your home on all platforms ?Free consultations and great service ? Swipe on listings
YEGPro Realty	71 agents Mobile app
The Foundry Real Estate Co.	Since 2013 Latest videography methods

1.  Keylo

Headed by a top experienced REALTOR®, Ryan Mracek, Keylo helps buyers with BuyMyHomie.com the Tinder of real estate.

This Edmonton agency allows home buyers to narrow their search through a buyer app. Moreover, you get free consultations to help you make an informed decision.

2.  RE/MAX EXCELLENCE

Operating as an association of 160 experts, RE/MAX EXCELLENCE is a one-of-a-kind Edmonton real estate firm. The vast list of experts boasts unique specializations needed for a successful real estate sale.

Moreover, the head of the firm can match you with the right REALTOR® specializing in your neighborhood of choice. This action goes a long way to fastening your search and understanding the area well since the REALTOR® knows the community inside out.

3.  YEGPro Realty

Operating as a real estate brokerage firm, YEGPro Realty is a REALTOR® comprising 71 certified agents. The firm’s experts hold unique specializations allowing for a smooth duplex sale.

The firm uses professional photography to highlight the properties’ detail. Moreover, it has a mobile app that allows convenient listing browsing.

Duplex for Sale in Edmonton Conclusion

Finding the best duplex for sale in Edmonton can be challenging, especially for new home buyers. However, the challenges should not deter your dream if you are determined to locate a duplex.

With the above knowledge, you now understand what a duplex is, how to find one, and the best real estate agents to consult. Start your duplex ownership journey today by contacting us for a free consultation.

FAQs about Duplex for Sale Edmonton

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The post Duplex For Sale In Edmonton appeared first on Keylo.ca.

Perfectly lined along the meanders of the North Saskatchewan River, Edmonton is the most northern city in Canada. It is the second largest in Alberta after Calgary and boasts a population of over 1.4 million people. The Edmontonians have more disposable income since the region enjoys no provincial sales tax.

In this guide, you will learn the types of condos for sale in Edmonton, why to move into the region, and the best condo agents. So read on.

The Best Condos for Sale in Edmonton

A search on the Edmonton condos in the MLS system reveals thousands of opportunities, showing the high popularity of this home type. Moreover, REALTORS® update the website in real-time so you can quickly find the best condo for sale in Edmonton.

There are different types of condominiums the Edmonton real estate market offers, and they include:

1.  Townhouse Condos

This condominium type is similar to townhouses sharing common walls, and comes with a private garage. These units are best for convenience and similarity to family homes.

2.  Low-rise Condos

You can find these condo types in low-rise buildings comprising a few stories. These building types are primarily built-in suburban areas.

3.  High-rise Condos

Typically, the most popular condominium type in Edmonton, these housing units are in high-density areas. Moreover, the units boast modern finishes and can offer luxurious amenities like shared swimming pools and gyms.

4.  Garden Condos

These condominium units usually boast gardens in the front yards. They are perfect if you want to own one of the condos for sale in Edmonton with a touch of nature.

5.  Loft Condos

You will mostly find these units in urban areas, which boast large window structures allowing plenty of light. There are two types of loft condos: soft and hard. While both are spacious, a soft condo features a modern feel, while the hard condo comes in a more industrial look.

Why Live in Edmonton

The second largest city in the province, Edmonton, has many opportunities and amenities. If you are looking for a reason to move into the region, here are three things to consider.

1.  Extensive Job Opportunities

The city has many career opportunities across its different sectors, with its primary industrial sector being oil and gas.

Other career sectors offering strong career lines in Edmonton include the administration, the city’s police and fire department, private firms, and medical services. Moreover, these employers are spread across the region, giving you the freedom to sample nearby condos for sale in Edmonton.

2.  Excellent Educational Amenities

The city is home to various public, French, private, and catholic schools offering top education to Edmonton students. The region’s elementary and high school levels offer bilingual programs allowing the children to learn a second language.

Moreover, Edmonton is also home to leading colleges, universities, and technical institutes. These institutions include the Northern Alberta Institute of Technology, Grant MacEwan University, The University of Alberta, and others.

3.  Excellent Medical System

Several top medical amenities call Edmonton home, and what’s more, they are well spread out across the region. Examples include Grey Nuns Community Hospital, University of Alberta Hospital, and Royal Alexandra Hospital.

The standard emergency number to dial is 9-1-1. Moreover, with the Alberta Health Care Insurance Plan (AHCIP), you can get most of your medical needs covered. Most Edmonton employers also offer medical packages as part of your compensation.

Best Edmonton Condo Agent

There is a broad list of real estate agents serving the Greater Edmonton area, and it can be challenging to pick the right person. However, with the proper knowledge, you can sample a few and land the best one to help find condos for sale in Edmonton.

Here are the top three options.

Edmonton Real Estate Agent	Features
Keylo	Best Real Estate Agent in Edmonton Lists your home on all platforms ?Free consultations and great service ? Swipe on listings
YEGPro Realty	71 agents Mobile app
The Foundry Real Estate Co.	Since 2013 Latest videography methods

1.  Keylo

Operating out of Edmonton, Keylo is a real estate brokerage firm that helps consumers complete sales quickly. Keylo has our world famous BuyMyHomie.com, the Tinder of real estate to help attract more buyers.

By choosing to work with Keylo, you will be working with Ryan Mracek, the sole broker and founder. Moreover, there is a convenient buyer app to help you locate the best condo for sale in Edmonton.

2.  Liv Real Estate

With Liv Real Estate in operation since 1975, you can count on their experience to find the best condos for sale in Edmonton. This real estate brokerage comprises 39 REALTOR®S that give you free consultation sessions.

Moreover, the firm offers 3D listing views, allowing you to take a virtual tour around the property. They also have a mortgage approval program and calculator to help you evaluate your chances of securing financing.

3.  RE/MAX EXCELLENCE

Another real estate brokerage worth checking out is RE/MAX EXCELLENCE, for they have been in operations for three decades. The company comprises over 150 REALTOR® associates, forming a solid network to help you find the best condos for sale in Edmonton.

Moreover, with their expert pool, you can be sure to find the best guidance and enjoy a smooth sale. The firm also offers a 12-week mentorship program so you can get hands-on experience if venturing into the real estate agent career.

Condos for Sale in Edmonton Conclusion

Finding the best condos for sale in Edmonton does not have to be a challenging fate if new to the province. Moreover, you want to make the best home ownership journey that will leave you satisfied.

With the above Edmonton condo’s knowledge, you can make an informed decision. So contact us today to start your condo ownership journey on the best foot.

FAQs about Condos for Sale Edmonton

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The post Condos for Sale in Edmonton appeared first on Keylo.ca.

Nestled right on the eastern bounds of Edmonton, Sherwood Park is a hamlet covering an area of 70.98 km squared. Sherwood Park started in 1955 on Smeltzer’s farmland and is home to 72,017 people. The best real estate in Sherwood Park ranges according to home type, so there is something for everyone.

Read on to learn more about what Sherwood Park real estate offers.

The Best Real Estate in Sherwood Park

According to ZOLO, the average cost of Sherwood Park real estate is $411,893. Houses are averaging 32 days in the market, showing high housing demand.

The common types of homes you will find in this region include:

Condominiums

These blocks have several housing units sharing common areas like the main entrance, corridors, and stairs. The average cost depends on the number of rooms. One-bedroom condo average $276k, two bedrooms are $205k, and three-bedroomed units average $299k.

Detached and Semi-detached Homes

This category covers single-standing homes and those sharing walls to form one unit. The houses can comprise two or more bedrooms, attracting varying prices. The Two-bedroom homes go for $330k, $479k for 3-bedrooms, $452k for the 4-bedroomed, and $584k for the 5-bedroom homes.

Townhouses

These houses fall between detached homes and condos. They may or may not share a common wall and usually share amenities.

The unit’s number of rooms influences the average price, with a one-bedroom townhouse costing upwards of $400k. On the other hand, 2-bedroom townhouses average $295k, and 3-bedroom ones cost $329k.

Another fact to note is that there are three property classes. These include:

1.  Leasehold

This property class entails owning the building but not the land. Leasehold properties are common in developer projects, so ask your real estate agent for the lease information. This is because you must renegotiate the lease when the period expires.

2.  Freehold

You will own the land and property in this real estate category. You have the right to do anything on the property or develop it as desired. Moreover, this is the most common way to own a home in Canada.

3.  Condos

Owning a condo unit means sharing amenities and paying service fees. There may be some regulations you must follow, so be sure to find out all you need to know from the condominium corporation.

Sherwood Park Highlights

Sherwood Park has various amenities to offer its residents. Moreover, the region has received urban center recognition, ensuring comfortable living.

Here are some of the Sherwood Park highlights.

1.  Parks

A vast list of parks calls Sherwood Park home. Hence you won’t miss a peaceful location outdoors. These facilities include the Beaver Hills UNESCO Biosphere, Sherwood Park Natural Area, and others.

2.  Vast Neighborhoods

Sherwood Park comprises 49 neighborhoods and an industrial area, Refinery Row. This list gives you a vast inventory of options to settle in according to personal preference.

3.  Easy Accessibility

Four highways enclose Sherwood Park real estate: Wye Road, Anthony Hendaway Drive, Yellowhead, and Highway 21. Moreover, various roads cut through the neighborhoods, ensuring easy accessibility to and from Sherwood Park.

4.  Education Systems

Sherwood Park has three education boards: the Greater North Central Francophone Education Region No. 2, Eld Island Public Schools, and Elk Island Catholic Schools. Moreover, the first Canadian charter school, New Horizons Charter School, which has programs for gifted children, is within the area.

5.  Art and Culture

Sherwood Park has museums like the Alberta Aviation Museum, Strathcona County Museum & Archives, and others. Moreover, there are art galleries like Smeltzer House Centre of Visual Arts, Loft Gallery, and Gallery @501.

Best Sherwood Park Real Estate Agent

Various real estate agents are dealing in new Sherwood Park real estate. However, you need the best local REALTOR® knowledgeable about the area and its neighborhoods.

So here are three real estate agents to check out.

Edmonton Real Estate Agent	Features
Keylo	Best Real Estate Agent in Edmonton Lists your home on all platforms ?Free consultations and great service ? Swipe on listings
YEGPro Realty	71 agents Mobile app
The Foundry Real Estate Co.	Since 2013 Latest videography methods

1.  Keylo

Operating out of Edmonton, Keylo is a real estate firm utilizing the latest technology advances to make the home search process quick. Ryan Mracek is the broker/REALTOR® operating the firm and has extensive experience you can rely on. Our world famous BuyMyHomie.com buyers app is the Tinder of real estate.

2.  The Foundry Real Estate Co.

Situated in Edmonton, The Foundry Real Estate Co. was founded in 2013 by a team of REALTORS®. The firm is technology-driven, offering virtual tours of its listings which you can access on your phone. You can also use their home search filters to narrow down to the ideal home choice.

3.  RE/MAX EXCELLENCE

This real estate firm is one of the biggest in the Greater Edmonton area having 160 certified professionals. Their professionals are experts in all matters of real estate and are ready to help you find a home or commercial place.

Cheap Sherwood Park Real Estate Conclusion

Located eastbound of Edmonton, Sherwood Park has many perks to offer its residents. You can also become a resident if you want to own a piece of the Sherwood Park real estate.

The above guide highlights all you need to know about this Greater Edmonton region and some key REALTORS® to check out. So, make an informed decision and contact us to schedule the start of your homeownership journey.

FAQs about Sherwood Park Alberta Real Estate

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The post Sherwood Park Real Estate appeared first on Keylo.ca.