Buying a foreclosed home can be a complicated process. While it can be a great deal for those looking to get involved in investments, it is important to make informed financial decisions, understand the possible risks, and have a great Agent on your side.

Foreclosure is the new buzzword. In fact, you might have even heard it before and wanted to learn more about it. We can teach you the most important things that you need to know before buying a foreclosed home!

What is a foreclosure? 

What is Functional Obsolescence?

If you’re interested in investing in real estate, a term you should know is functional obsolescence. You’ve probably heard that you should avoid functional obsolescence in real estate in order to make profit. Maybe you’ve heard that certain designs are now functionally obsolete. 

So what does functional obsolescence mean in real estate? 

Is Buying a Newly Built Home Right For Me? 

Are you considering investing in a new home as your next big financial purchase? 

Lots of real estate investors find interest in buying a newly built home. After all, nothing is better than moving into a house built just for you. 

While a new home can be extremely appealing, it is important to consider any downsides that may come along with it.  

The Advantages of Buying a Newly Built House

There has been an increased amount of emphasis on sustainability in real estate. Properties with eco-friendly features promote a sustainable lifestyle and definitely stand out in the market. 

Why do we recommend you go green?

Making your property energy efficient and marketing it as a “green home” will be beneficial to both you as a landlord and your renters. This property would attract renters looking to reduce their carbon footprint through their lifestyle and of course, cost them much less in utility bills. 

Marketing your property as a green home will show that you are socially responsible and will attract tenants with the same mindset. Moreover, having energy efficient features to the unit will cost renters significantly less in utility bills. 

All the information and data provided in this article is credited to City of Calgary’s Land Use Bylaw. Please visit the City of Calgary for more information or a full read of the bylaw.

As a developer or home investor, you have probably heard of the City of Calgary’s Land Use Bylaw which defines rules and regulations of how specific zonings are to be used regarding the development of land in Calgary. 

As you may know, specific areas of the city are designated as “residential zones”. In these areas, there can be development of residential units such as single family housing, townhouses, low and high rise apartment buildings, and mobile homes. 

The new and emerging trends in architecture for 2021 are all about sustainability and practicality presented via design. As a society, we are evolving into being more environmentally aware of our footprint and it is reflected in the upcoming trends. There is now greater use of sustainable materials, outdoors spaces, and natural lighting, which all comes down to greater appreciating our planet. 

Here are the 5 latest and greatest trends in new developments for 2021