June 11th, 2015 by melodykilbank
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Oops a little plumbing remediation required
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Bathroom to gut!
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Insert washer/dryer =more rent $$$$
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These closet doors will get replaced!
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Large living room!!
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New cabinets are more economical than painting in the long run!
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KIJIJI is my new disposal company!!! FREE!!
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Cleanest and oldest stove I’ve every seen! Thanks KIJIJI Free disposal!
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Tucked away on a quiet street downtown!!
Team Kilbank is at it again! Are we ambitious or just, plain crazy!? We just purchased another investment condo!
Having learned through experience, this property will be reno’d by some else (my dear husband is a bit TOO grateful), with the goal to furnish it and rent it out – a sweet little all-inclusive package for the right tenant. It is in a fantastic, central location close to shopping, transit and the Universities!
With the calculated and frenetic way I have been tracking Kijiji items each night and each morning, seeking them out, then stockpiling them and adding up my savings….maybe crazy AND ambitious – don’t judge me.
In honour of this exciting venture, I would like to give away a $50 GIFT CARD for RONA – proudly, Canadian.
All you have to do is “Like” my REALTOR(R) page on FACEBOOK by August 1/ 15 – this is when we hope to have our first renter set up and living in the unit. https://www.facebook.com/melodykilbank?ref=hl
I will announce the winner here, on the blog.
Stay tuned for all of the action (no drama!) and the transformation at each stage.
All About You. Really.
Melody “Kijiji Queen” Kilbank
Posted in Investment Properties | Comments Off on We’re At It Again -Income Property 2015!
April 11th, 2015 by melodykilbank
Keeping you informed:
This statement came from the Alberta Real Estate Association (March 27/15) of which all REALTORS® who are licensed and practice in Alberta are members!
“Budget 2015 includes significant hikes to fees paid by real estate consumers beginning July 1, 2015, including registering new land titles and mortgage documents.
The Alberta Real Estate Association (AREA), the provincial, professional association for Alberta’s 10,000 REALTORS®, was not one of the real estate association stakeholders consulted on these increases.
AREA appreciates the fiscal challenges faced by government and recognizes that, after this increase, fees related to real estate transfers remain lower in Alberta than other provinces. We have asked Service Alberta to confirm what sources they are quoting when expressing that real estate associations were among the stakeholders who identified that there was ‘room for these fees to grow’.”
Increases to fees are certainly never welcomed and the table below details the impact of these increases on the fees for a $500,000 home with a $400,000 mortgage:
Fees Prior to July 1, 2015
($50 + $1 per $5,000 increment)
Land Title Registration $150
Mortgage Registration $130
Total $280
Fees After July 1, 2015
($75 + $6 per $5,000 increment)
Land Title Registration $675
Mortgage Registration $555
Total $1,230
Though the increase as of July 1st represents a hike of more than 400% for the real estate consumer, the cost of real estate transfers in Alberta remains lower than other provinces. This can be attributed to the continued avoidance of a Land Transfer Tax in Alberta at either the provincial or local levels.”
All About You. Really.
Posted in Uncategorized | Comments Off on Alberta Budget Sets Increase in Fees!
February 7th, 2015 by melodykilbank
It is a hot topic amongst most people these days…”What is the real estate market going to do with these lower oil prices?” January statistics have come out and here are a couple of noteworthy numbers for interpretation.
• There were 498 sales in the City of Edmonton in January. Compared to the 1793 new listings, the market absorption rate is 28%. This is down by 23% over January 2014. It is down 50% over December 2014. This could mean 2 things, a typical seasonal low for post-Christmas spending. Or it could be the early trending of a softer market for 2015. Only time will tell.
• Average prices are still up year over year. The average price for single family homes was $435,908 which is up from January 2014 by 3.4%. Condo average is 246,611 which is up by 5.3% from January 2014 and Duplex/Rowhouse average is 409,936 which is up 15.4% from January 2014. So, one month does NOT a trend make!
• Based on the City of Edmonton’s overall inventory and January’s sales we have 6.2 months of inventory which is typically moving from a balanced market to a buyers market.
So if you are thinking of selling, NOW is the time if the trending is softening. If you are thinking of buying, NOW is the time because there is a good selection of inventory and the mortgage rates have dropped due to the Bank of Canada’s lending rate dropping to .75%.
Call me for any of your real estate questions or valuations!
Posted in Uncategorized | Comments Off on : Absorption Rate drops in January!
September 21st, 2014 by melodykilbank
Posted in Investment Properties | Comments Off on It is finished!
August 28th, 2014 by melodykilbank
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Cabinet for fireplace painted and ready for installing the electric fireplace
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All trim painted ready to install
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The quarter round was the fussiest to paint
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Moving 14ft casings and baseboards up the stairs was a challenge. We wound up taking them out the patio, throught he main entrance and up 1/2 flight!
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Bathroom vanity is complete with counter top!
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Half bath vanity has counter and working sink!
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Granitek sink for kitchen is going to be gorgeous once framed by the backsplash!
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The additional counterspace will make for a more funcational kitchen.
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Full counter on the other side of the galley kitchen
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Stringers painted!
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Doors hung!
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Second coat of paint applied!
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The ceiling is enclosed!!
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Kitchen is no longer “open beam”! WAHOO!
We are coming down the home stretch. This week there has been much more noticeable development.
The ceiling is finally closed in a mudded.
The stringers on the stairwells are painted.
We have got the counter tops installed with sinks and faucets.
All the trim is painted ready for install.
The room doors have been hung with the 2nd coat of paint applied.
The special DIY cabinet project for the fireplace has been painted and ready to install the electric fireplace!
Maybe…. 2 more weeks????
Posted in Investment Properties | Comments Off on Week Six: Coming down the home stretch
August 20th, 2014 by melodykilbank
Posted in Investment Properties | Comments Off on Week Five: Slow but Sure
August 11th, 2014 by melodykilbank
Posted in Uncategorized | Comments Off on The end of week four!
July 29th, 2014 by melodykilbank
Posted in Uncategorized | Comments Off on Week Three: Painting 95% done!
July 23rd, 2014 by melodykilbank
Posted in Uncategorized | Comments Off on Day Thirteen: Primed for Paint!
July 19th, 2014 by melodykilbank
Posted in Uncategorized | Comments Off on Day Eight: Never ending staples!