What are HOA?

When developers build a community, some will include amenities. These amenities are for the community and are paid for by the community. In addition, some HOAs add rules to protect the community's property value.

These fees may include

  • Maintaining the community's aesthetic.
  • Maintaining amenities such as community pools, halls, skating rinks, etc.
  • Snow clearance during winter.
  • Garbage collection.
  • Stormwater runoff.
  • Pathways and roads.
  • Maintenance of entrance features.
  • Repair and maintenance of landscaping.

These responsibilities vary from community to community. Typically, the more the amenities, the higher the fees.

HOA Fees in Edmonton

Over recent years, the city of Edmonton has seen the…

236 Views, 0 Comments

Read Full Post

In today's DIY culture, it's tempting to tackle every home repair or improvement project yourself. While there's satisfaction in completing tasks independently, some situations demand the expertise of a professional. Ignoring these signs and attempting to fix issues solo can lead to costly mistakes or even pose safety risks. Knowing when to call in a professional can save you time, money, and headaches in the long run. Here are some key signs that indicate it's time to pick up the phone and seek professional help.
Electrical Issues: Electrical problems are not only inconvenient but can also be hazardous if mishandled. Signs such as flickering lights, frequent tripped circuit breakers, or outlets emitting sparks should never be ignored. These issues could…

236 Views, 0 Comments

Read Full Post

Moving to a new place can be an exciting adventure, but the process of packing up your life and belongings can often feel overwhelming. From deciding what to keep, to safely packing fragile items, there are numerous considerations to keep in mind to ensure a smooth transition. Whether you're moving across town or across the country, these essential packing tips will help you streamline the process and make your move as stress-free as possible.

1.    Start Early: The key to a successful move is to start packing as early as possible. Begin by decluttering your home and getting rid of items you no longer need or use. Donate, sell, or recycle anything that no longer serves a purpose in your life. Starting early will give you plenty of time to…

228 Views, 0 Comments

Read Full Post

The Canadian real estate market offers a unique landscape for investors and homebuyers alike. One avenue that garners attention is purchasing foreclosed properties. Foreclosures, while often associated with challenges, can present lucrative opportunities for those who understand the process. In this guide, we'll delve into the nuances of buying foreclosures in Canada, offering insights and tips to navigate this complex but potentially rewarding market.

Understanding Foreclosures: Foreclosure occurs when a homeowner defaults on their mortgage payments, leading the lender to seize the property. In Canada, foreclosures are governed by provincial laws, each with its own set of regulations and procedures. It's crucial to choose a Realtor® with knowledge…

255 Views, 0 Comments

Read Full Post

Edmonton boasts a rich architectural heritage that reflects its diverse history and cultural influences. From historic landmarks to contemporary marvels, the city's skyline is adorned with an array of architectural styles that captivate residents and visitors alike. For those interested in real estate in Edmonton, understanding the distinct characteristics of each architectural style can provide valuable insights into the city's neighborhoods and housing market. Here's a comprehensive guide to the architectural styles you'll encounter in Edmonton:

 

1. **Craftsman**: Characterized by its emphasis on craftsmanship and natural materials, Craftsman homes are a staple of Edmonton's residential landscape. These charming residences often feature…

227 Views, 0 Comments

Read Full Post

As a homeowner, you're likely always on the lookout for ways to increase the value of your property. Whether you're planning to sell soon or simply want to enhance your investment, strategic home projects can make a significant difference. While some upgrades may only offer aesthetic appeal, others have the potential to bring tangible returns when it comes time to close the deal. In this blog post, we'll explore several home projects that not only enhance your living space but also boost your return on investment at the closing table.

1.    Kitchen Renovation: It's often said that the kitchen is the heart of the home, and for good reason. Prospective buyers place high value on updated kitchens, making it one of the most profitable areas to…

665 Views, 0 Comments

Read Full Post

In the realm of real estate, the dynamics between buyers and sellers are in a constant state of flux. While some markets lean heavily in favor of sellers, others pose a challenge for buyers to secure their dream property. These situations, often termed as "tight buyer's markets," require a strategic approach and a nuanced understanding of the real estate landscape. Whether you're a first-time homebuyer or a seasoned investor, navigating a tight buyer's market demands finesse. Let's delve into some effective strategies to help you master this challenging terrain.

1. Get Pre-Approved: In a tight market, securing financing is crucial. Get pre-approved for a mortgage to demonstrate your credibility as a serious buyer. A pre-approval letter not…

291 Views, 0 Comments

Read Full Post

Selling your home can be both exciting and nerve-wracking. Amidst the flurry of paperwork, negotiations, and staging, one crucial step often stands out: the home inspection. This pivotal process can make or break a sale, as it provides potential buyers with an in-depth look at the condition of your property. Navigating through inspections and subsequent repairs requires careful planning, communication, and a proactive approach. In this guide, we'll walk you through the essential steps to ensure a smooth inspection process and successful sale.

1. Prepare Your Home in Advance

Before the inspection even takes place, it's essential to prepare your home to present its best self. Start by addressing any visible issues that could raise red flags for…

255 Views, 0 Comments

Read Full Post

Refinancing a mortgage is a strategic financial move that can potentially save homeowners thousands of dollars over the life of their loan. However, knowing when the timing is right to refinance can be crucial. With fluctuating interest rates and individual financial situations to consider, it's essential to weigh the pros and cons before making the leap. In this blog post, we'll explore some key factors to consider when deciding when to refinance your mortgage.

Interest Rates

One of the primary reasons homeowners refinance is to take advantage of lower interest rates. When interest rates drop significantly below the rate on your current mortgage, it may be an opportune time to refinance. By securing a lower interest rate, you can potentially…

239 Views, 0 Comments

Read Full Post

Are you ready to take the leap into homeownership? Purchasing your first home is an exciting milestone, but it can also feel overwhelming, especially if you're unsure where to start. That's where a starter home comes in. A starter home is typically the first property a person or couple purchases, often smaller and more affordable than their forever home. In this guide, we'll walk you through the essentials of finding and buying your perfect starter home. And remember, with Team Paul Lamba - you have a TEAM behind you. We'll walk you through this step by step. 

What is a Starter Home?

A starter home is exactly what it sounds like—a modest, entry-level property that meets your basic needs as a homeowner. It's usually smaller in size, more…

308 Views, 0 Comments

Read Full Post