First came the baby boomers, and then came Generation X followed by the millennials. You don't hear a lot of talk about Generation X as much as you do about the boomers and the millennials. While the baby boomers are thinking about their future retirements the millennials are busy preparing for their mid-age years. In the middle, Generation X, the people born in the 1960s and 70s, are purchasing real estate with a different mindset than the other generations.
What Do Gen X Homebuyers Want?
According to a recent survey conducted by TD Bank, Gen X home buyers want freedom from their mortgages and don't want home loans to cramp their lifestyles. More than 2/3 of those surveyed said that they didn't want to allocate their entire budget to a mortgage
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Buying a home as a single person is a lot different than buying a home as a couple. When you have another person that is going to be buying a home with you, you have a sounding board to work with during the process. All of your concerns and questions can be discussed with your partner and at the end of the day it will be two signatures that are penned at the bottom of the contract instead of only one. When one person only has to sign, it can be a lot more stressful since you are assuming full responsibility for the new property and all of the payments that are going to go along with it down the line.
Any decorator can walk into a home and date it back to its beginnings by its architectural style. Sometimes there are long transition periods from one style to the next but there's no question that throughout the years housing designs have been changing. What's in store for the next generation of homes and what are the latest trends for new design styles?
It's important to take certain precautions when you're house hunting or looking for a place to rent. In today's tight real estate market in Calgary, it can be easier to fall prey to a scam due to desperation. In order to help you avoid these scams, we have put together some common sense guidelines to follow.
Recently, a home in Calgary went on the market that had a dark past associated with it. The home is the one where multiple murders occurred this year. Across Canada every year, many homes get listed where violent attacks have occurred. In the industry, these homes are referred to as "stigmatized properties".
When you're looking through listings of homes for sale you may see a few mentioning that the owner is highly motivated to sell. There are quite a few reasons why a home may need to be sold quickly, and here are the top seven reasons sellers come to this decision.
Many couples and families run into a situation where they fall in love with 2 Calgary houses at the same time and aren't able to make a decision between either of them. While other people are racing around frantically trying to find their dream home, these few are torn between 2 homes that are both very desirable.
This is an old made-up story but one that makes a lot of sense. The heat turned off one day and a couple had to call in a specialist to look at their furnace. The house was getting colder and the children were starting to complain. When the furnace professional arrived he was warmly welcomed into the home and made his way downstairs. Upon arriving at the furnace he gave it a quick inspection and then gave it a good bang in a certain spot. The furnace instantly turned on, the couple was elated and they all headed upstairs to give the children the good news.
If you are seriously considering buying a property in Calgary you should get pre-qualified for a loan first. By doing so, you will be taken seriously by your real estate agent and home sellers. It shows that you have taken a step towards buying a house and you are committed to it.