Terry Paranych Real Estate Group Blog - Tips

Our Top Tips for First-Time Home Buyers in Edmonton

Are you ready to purchase your first Edmonton home? Here are our top 12 tips for first-time buyers, just like you.

1. Get a Handle on the Process

What does the home buying process look like, exactly? With so many moving parts involved in any real estate transaction, we recommend learning more about the steps you’ll need to take ahead of time. Of course, your Edmonton REALTOR® will walk you through it all, but even the smallest amount of research will help reduce first-time buyer overwhelm.

2. Consider Your Credit

Your credit score is the first thing mortgage lenders will consider during the mortgage approval process. To avoid any surprises (and to secure a better interest rate), be sure to check your credit report beforehand. Keep in…

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The Top Reasons Why Your First Home Should Also be an Investment Property

Are you thinking about buying your first home in Edmonton? Did you know buying a home that doubles as an investment property can make first-time homeownership all the easier? While many homebuyers will opt to wait until they’ve purchased their first, second or third home before entering Edmonton’s real estate investment market, there are many advantages to beginning your real estate investment journey now.

Here are our top reasons why your first home should also be an investment property:

1. It’s Easier to Get a Mortgage 

Buying a home with a rental income suite (sometimes referred to as a secondary suite) can make it easier to qualify for a mortgage. This is because the Canada Mortgage and Housing Corporation (CMHC) allows first-time…

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7 Simple Tips for Making Your Rental Property Stand Out

Are you a current real estate investor that owns one or more rental properties in Edmonton? Here are seven simple tips for making your property stand out in our city’s lucrative rental market.

1. Improve Your Property’s Curb Appeal 

First impressions are everything; be sure to make a good one on prospective tenants by improving your property’s curb appeal. A few easy and affordable ideas include:

• Removing weeds and debris from the property.
• Ensuring the lawn and surrounding greenery are healthy and well maintained.
• Pressure washing the home’s exterior.
• Removing any chipped or cracked paint, repaint as needed.
• Fixing broken screens.
• Updating outdoor hardware (light fixtures, door locks and handles, mailbox, house numbers,…

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7 Outdoor (and Indoor) Home Maintenance Tips For This Spring

With warmer weather slowly moving in, now is the time to start readying your home for the plus temperatures to come. Have your home spring and summer-ready with the help of these outdoor AND indoor maintenance tips.

Outside Your Home 

1. Clean Gutters and Downspouts

Even if you’ve already checked your gutters and downspouts according to our Fall Maintenance Checklist, snow and ice can create an additional build-up of dirt and debris. With spring rain and runoff, especially, you’ll want to make sure water can move freely from the roof and away from your home.

2. Take a Closer Look at Your Shingles and Chimney

As you’re investigating your gutters, take the time to visually inspect your roof and chimney. Look for any shingles that may…

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9 Strategies to Make Buying Your First Home More Affordable

Buying a home is a significant financial investment for anyone – but for a first-time buyer, it can be downright daunting. Between worrying about your credit score, saving for your down payment and trying to determine what you can reasonably afford, there’s a lot to take in.

But the good news is, there are several strategies that first-time home buyers can employ – not only to make the home buying process easier – but much more affordable in the long term.

Here’s what you need to know:

1. Improve Your Finances   

First thing’s first. The best way to affordably purchase a home in Edmonton is to ensure you’re financially ready to do so. This may sound like a no-brainer, but we strongly recommend improving your finances as much as…

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7 Key Signs Your Home is Overpriced

Overpricing is the number one reason why homes don’t sell, period. 

That’s why, if you hope to sell your home quickly AND for top dollar, it’s absolutely crucial you price your home correctly from the start. Or, at the very least, be able to identify when you’ve overpriced your home and fix this mistake immediately.

Otherwise, you risk losing buyer interest, sitting on the market, and selling for much less than your home is actually worth.

Could your home be priced too high? Here are seven key ways to tell:

1. You Chose Your REALTOR® Based on (the Highest) Valuation

We understand you want to get the most money possible for the property you’ve known and loved for so many years. And a good REALTOR® knows this.

However, they also…

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12 Essential Home Maintenance Tips For This Fall

With cooler temperatures setting in, now is the time to start readying your home for when the snow flies. Prevent any unwelcome surprises this winter and upcoming spring with the help of these essential fall maintenance tips:

1. Store Outdoor Items 

Start by giving your outdoor furniture and tools a quick clean before putting them away in storage (or under a weatherproof cover). Ready motorized outdoor equipment such as your weed trimmer or lawnmower by either removing any remaining gas or adding a stabilizer to what’s left in the tank.

2. Fertilize Your Lawn 

Set your lawn up for success next spring by giving it a final weed and feed now. Be sure to mulch or rake up any leaves, so the fertilizer really has a chance to take root (you may…

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The Very Best Tips for a Successful Spring Cleaning of Your Home

Cast off the winter blues and ready your home for spring’s arrival with the help of these ultra-useful spring cleaning tips:

Plan Ahead 

Cleaning your home from top to bottom can feel like a pretty daunting task when you’re unprepared. Stay on track and prevent overwhelm with the help of a cleaning schedule or to-do list. If possible, make a plan for each room (one room at a time) and spread your list over several days to ensure you can get everything done without feeling overburdened.

Clear Clutter First 

Spring marks a great time to purge. As you move from room to room, take stock of items that may be donated, sold or recycled, paying extra attention to drawers, closets and other clutter-accumulating areas. Decluttering won’t just make…

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Sell Your Edmonton Home Faster with These Easy (and affordable!) Home Staging Tips

Staging your Edmonton home won’t just help you sell faster, but it can also help you sell for more money! Even better, you don’t need to run out and hire a team of professionals to do it (unless you want to, of course). Easy and affordable, these top home staging tips will have your home looking its sale-ready best in no time.

De-Clutter  

Clutter doesn’t just make your home look messy, it look smaller. Go through every room, cupboard, and closet (buyers WILL look) and remove items you’re not currently using or no longer need such as old clothes, seasonal items, storage totes and containers etc. Organize your cupboards and pantry, clean out junk drawers and be sure to clear floor and countertop space wherever possible.  

De-Personalize 

…

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