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Unlocking Potential: Adding a Secondary Suite to Your Edmonton Home

If you're considering renovating your Edmonton home, adding a secondary suite can be a smart move. It not only enhances your living space but also opens up opportunities for rental income. Before you dive into the renovation adventure, let's break down some key aspects.

Costs

Renovation costs can vary, but it's essential to budget for both the construction and potential hidden expenses. On average, expect to invest $50,000+, but this can go up depending on the extent of the changes needed.

Permits

Edmonton has specific regulations for secondary suites. Before you start knocking down walls, check with the city to ensure you're compliant. Permits are required, covering safety and zoning regulations. It's a crucial step to avoid issues down the road. You can visit the official City of Edmonton - Secondary Suites page, with information on permits, guidelines and regulations for suites in Edmonton.

Things to be Aware of

Consider the existing layout of your home and how the addition will impact it. Plumbing and electrical systems might need adjustments. Also, think about the logistics of creating a separate entrance for the suite.

Potential Pitfalls

Renovations can uncover surprises. Be prepared for unexpected challenges, like outdated wiring or plumbing issues. Having a contingency fund will help you navigate these bumps in the road without derailing your project.

Benefits

Adding a secondary suite comes with perks. Beyond extra income from renting it out, it can increase your property value. The additional living space can also make your home more attractive to potential buyers if you decide to sell in the future.

Other Considerations

Think about the type of tenant you want to attract and design the suite accordingly. Also, keep in mind that managing a rental property comes with responsibilities, so be ready to take on the role of a landlord.

In a nutshell, renovating to add a secondary suite in Edmonton can be a game-changer. Just be sure to do your homework, secure the necessary permits, and have a realistic budget in place. It's an investment that can pay off both now and in the future.

Here are a couple more resources that may help:

Alberta - Secondary suites - Building codes

RenovationFind - What is Needed to Build a Legal Secondary Suite in Edmonton

Happy renovating!
Jason

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Nourishing Our Community: The Vital Role of Edmonton's Food Bank

Hey Edmontonians,

In our bustling city, where I help folks find their dream homes, it's essential to remember that not everyone has the comfort of a full plate. Edmonton's Food Bank plays a pivotal role in addressing this issue, ensuring that no one in our community goes hungry.

Why It Matters

Community Well-being: A well-fed community is a thriving community. The Food Bank contributes to the overall health and well-being of our neighbors, fostering a stronger, more resilient Edmonton.

Supporting Families: Many families face tough times, and the Food Bank provides a lifeline, ensuring parents can put nutritious meals on the table for their children.

Unity in Diversity: Our community is diverse, and the Food Bank unites us in a common cause — taking care of one another. It's a testament to the heart of Edmonton.

How You Can Help

Donate Non-Perishables: Consider contributing non-perishable food items. Every can and package makes a difference.

Financial Support: Monetary donations go a long way in ensuring the Food Bank can purchase fresh and essential items.

Volunteer Your Time: If you can spare some time, volunteering at the Food Bank is a hands-on way to make a direct impact.

Spread the Word: Raise awareness. Share information about the Food Bank on your social media platforms to encourage others to join the cause.

Remember, small actions collectively create significant change. Let's continue to make Edmonton a place where everyone has a seat at the table.

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Finding Your Home Sweet Home: A Newcomer's Guide to the Edmonton Real Estate Journey

Hey there, future Edmontonians! Moving to a new city is always an exciting adventure, and Edmonton, Alberta, offers a vibrant lifestyle and a booming real estate market. As a newcomer, diving into the Edmonton housing market might seem like a daunting task, but fear not! Your friendly neighborhood REALTOR® is here to guide you through the process. Here are some valuable tips to help you navigate the Edmonton housing market successfully:

1. Understand Your Budget:

Before you start your home search, figure out your budget. Consider your income, expenses, and potential mortgage rates. Getting pre-approved for a mortgage will give you a clear picture of how much you can afford, making your search more focused.

2. Explore Different Neighborhoods:

Edmonton is a city of diverse neighborhoods, each with its unique charm. Research communities that align with your lifestyle and preferences. Whether you prefer a bustling urban vibe or a serene suburban setting, Edmonton has something for everyone.

3. Work with a Local REALTOR®:

Having a knowledgeable local REALTOR® (like me) by your side can make a world of difference. I am well-versed in the Edmonton real estate market and can help you find properties that match your criteria. From negotiation to paperwork, I’ve got you covered.

4. Consider Your Commute:

Edmonton is a sprawling city, so consider your daily commute when choosing a neighborhood. Think about the distance to your workplace, schools (if you have children), and other amenities. Edmonton's public transportation system and road networks are well-developed, making it easier to get around.

5. Stay Updated with Market Trends:

The real estate market is constantly evolving. Stay updated on market trends, housing prices, and upcoming developments. Being aware of the market dynamics will empower you to make informed decisions.

7. Be Prepared to Act Fast:

Edmonton's real estate market can be competitive, with properties sometimes selling quickly. If you find a home that meets your criteria, be prepared to act fast. Having your finances in order and working with a proactive REALTOR® can give you an advantage in a competitive market.

8. Embrace the Edmonton Spirit:

Lastly, embrace the spirit of Edmonton! The city is known for its friendly residents, diverse culture, and numerous festivals and events. Get involved in the community to truly experience the essence of your new home.

Remember, I’m here to assist you every step of the way. If you have any questions or need guidance, feel free to reach out. Happy house hunting, and welcome to Edmonton!

Brought to you by Jason Hafso - REALTOR® with MaxWell Challenge Realty

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Building a Smart Home in Edmonton: 4 Essential Questions to Ask Your Contractor

As technology continues to advance, smart home devices are becoming increasingly popular among homeowners in Edmonton, Alberta. These innovative technologies not only enhance convenience but also provide improved security and energy efficiency. If you're planning a home renovation or new construction project, it's crucial to choose a contractor who is well-versed in smart home technology. Asking the right questions will ensure that your contractor has the expertise and experience to integrate these systems seamlessly into your home. In this article, we'll discuss four essential questions to ask your contractor about smart home technology in Edmonton.

1. What experience do you have with smart home installations?

The first and most crucial question to ask your contractor is about their experience with smart home installations. Inquire about their knowledge of smart home devices, brands, and systems. Look for a contractor who has successfully completed similar projects in the past, preferably in Edmonton or the surrounding areas. A contractor with hands-on experience will be familiar with the intricacies of smart home technology and can guide you through the selection and installation process smoothly.

2. Can you recommend the best smart home devices for my needs?

With countless smart home devices available in the market, choosing the right ones for your home can be overwhelming. A knowledgeable contractor will understand your requirements and suggest the best smart home devices that align with your lifestyle and budget. They should have expertise in various aspects of smart home technology, including security systems, lighting controls, thermostats, voice assistants, and more. Their recommendations should be tailored to your specific needs, ensuring you make informed decisions about the devices that will enhance your daily life.

3. How will the smart home devices integrate my existing or planned infrastructure?

Integration is a critical aspect of any smart home installation. You'll want to ensure that the devices seamlessly integrate with your existing or planned infrastructure. Ask your contractor how they plan to incorporate the devices into your home's electrical and network systems. A competent contractor will have a clear understanding of the technical requirements and potential challenges involved in integrating smart home devices. They should be able to explain the process and provide a timeline for the installation, keeping you informed every step of the way.

4. Will you provide ongoing support and maintenance for smart home technology?

Smart home technology requires periodic maintenance and software updates to ensure optimal performance. It's essential to inquire whether your contractor provides ongoing support and maintenance services. Ask about their warranty policies and whether they offer assistance in case of device malfunctions or upgrades. A reliable contractor will stand behind their work and be available to address any issues that may arise after the installation.

When incorporating smart home technology into your Edmonton home, choosing the right contractor is crucial. By asking these four essential questions, you can ensure that your contractor has the expertise and experience to seamlessly integrate smart home devices. Remember to inquire about their experience, ask for device recommendations, understand the integration process, and clarify their support and maintenance policies. By partnering with a reputable contractor knowledgeable in smart home technology, you can transform your home into a modern, efficient, and secure living space.

Investing in smart home technology is an exciting venture, and finding the right contractor will make all the difference. Embrace the power of automation and enhance your Edmonton home with the convenience and efficiency of smart home devices.

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Edmonton Highrise Condos in Downtown and Oliver and their Condo Fees

If you're looking for a concrete highrise condo in Edmonton's downtown, the options seem endless. One criterion that often gets overlooked, especially when budgeting what you can afford, is the condo fees.


Condo fees can have a dramatic effect on the affordability of any condo, and it's important to know what the fees include. Some condos may start out with low fees when they're first built, but once a condo board and reserve fund is established, those fees can increase significantly and very quickly. Some buildings, at first glance, may seem to have high condo fees, but they may be including amenities such as a gym, pool, car wash, social/games rooms and guest suite. When you factor in the cost of a gym membership or paying to get your car washed, you may actually find you can save money. Some buildings even include extra utilities or services, such as electricity, cable and wi-fi.


When buying any condo, the fees and what they include is an essential consideration.


With that said, I've compiled a list of some popular Downtown and Oliver condos. I've sorted them in order of 'condo fees per square foot'. In other words at 51-60¢ per square foot, a 1000 square foot condo would have condo fees in the range of $510 to $600 per month. Condo fees are actually based on unit factors, not square footage, but square footage does play a significant role in how unit factors tend to be determined when a condo is first developed.


There's a significant range of fees, going from around 30¢ to nearly $1.00 per square foot.


For more information, I've included links to all the currently active listings for all the buildings listed below. Don't see a condo you're interested in, listed below? Contact Jason and he'd be happy to get the information for you.


Condo Fees per Square Foot

31-40¢

41-50¢

51-60¢

61-70¢

71-80¢

81-90¢

91¢-$1.00

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