Welcome to the world of investment properties!

An investment property can be a property you use yourself (such as a vacation home), a property you lease to others (such as renters or a business), or a property that you fix up and flip for an immediate return. Whatever you plan on using your investment property for, consider the following:

• Purchasing an investment property is a major decision, so don't rush it! Take the time to think critically about if an investment property is right for you, what kind of investment property is right for you, and, when you find a property, if it is the best investment property for you. There is absolutely no need to rush! Take your time so that you can be 100% (or at least 99%) confident in your end decision.

As the economy is preventing more buyers from owning their own home during these unprecedented times, many are turning to rentals for a place to live. Despite facing their own challenges, landlords in Calgary, Alberta are hoping to capture this market. 

Being a landlord is a fantastic side-business to have, because it allows you to make the most out of the property (or properties) that you own. Renting out space to a tenant is an excellent way to pay off your mortgage, make extra money for other endeavors, and keep your property occupied and, hopefully, well looked after. There are downsides to being a landlord too, but here are three tips for renting out your home: 

1. First you need to make sure that the space you want to rent is habitable. There

In this day and age people have access to information that makes it easier for them to act as their own realtor. However, here are the top 3 reasons why having a realtor is so useful:

1). Experience: Here at Team Ken Richter we like to make sure our clients know that our experience is their advantage. With over 30 years of experience, we have truly seen it all. We have weathered many different market conditions, helped all different types of buyers and sellers and have watched the City of Calgary grow and change. We apply our years of experience to every aspect of our business. When you partner with Team Ken Richter, our experience will help guide you in ways that no google search can. 

2). Knowledge: The knowledge we have gained from working in

Flipping homes refers to the practice of purchasing a house, completing necessary renovations, and then selling it for a profit. Many people attempt to do this and are unsuccessful, because there is a lot of risk involved. Buying a home is typically the biggest financial investment a person makes. Buying a home and hoping to flip it for a profit in a short amount of time is risky, but can have major payoff. Just look at all the shows on HGTV!

If you're considering trying to flip a home, here are some tips:

1. Work with your local professional real estate agent--me! You need an expert to help you navigate the process of buying a home, since resale is an incredibly important factor. I can help you find a property that you can eventually sell for

With the advent of the digital age comes a series of tech innovations aimed at making life more efficient. From searching for the best pizza place in town to messaging thousands of friends and family at once, the golden era of the internet is here. Love it or hate it, it is not going away anytime soon. 

For homeowners, the advancement of technology has helped them better find service providers for their property, secure their property, keep tabs on their property and easily access important property guidelines and documents. Most agree that these advancements are generally positive, but there is one new app that people are split on: Airbnb.

Airbnb and services like it are designed to enable homeowners to rent out their property, either a single room

There are many benefits that come with owning a home. It diversifies your investment portfolio, puts a roof over your head, allows you to gain equity and so much more. One of the downsides? It keeps you tethered to one spot; unless you are Captain Richard Deane, the Superintendent of Fort Calgary. Captain Deane didn't let anything stop him from moving the Deane House in 1926 across the Elbow river to where it sits today. They used logs to literally roll the house across the river!

All this being said, rolling a house across a river is not for everyone. So instead, why don't you roll up with a house on wheels: a Recreational Vehicle (RV). Many people are turning to RVs as a way to own a home that they can take with them on the road! Popular blogger

Every once in awhile we like to provide you with a refresher list of real estate terminology. We use these terms a lot, so it is important to fully understand what they mean so that you can learn more from what we share. We want you to feel informed and supported in your real estate journey. Here are some of our top terms:

Multiple Offers: This occurs when multiple buyer’s are interested in purchasing your property. They will each submit a bid, then you get to choose which one you will sell your property to. Some factors to consider when this happens are: who the people are, how much money they are offering, when they expect to move in, etc.. To read more about how we can help your property get multiple offers, check out our 10 Step Marketing Plan!

The weather in Calgary, Alberta has been absolutely gorgeous as summer solstice draws near. With temperatures rising above twenty degrees Celsius, people are feeling even more anxious to leave the office and go on vacation. The sunshine and heat has people looking forward to summer holidays, whether they be in the city or elsewhere. A time to soak in some Vitamin D, have a cold drink and just relax.

Our favorite place to spend summers is beachside in the Shuswap, spending time with our family at our vacation home. Like many Calgarians, we have found our vacation home is the perfect getaway from busy city life. It is our little slice of heaven. If you are in the market for a vacation home, Team Ken Richter can help! Let us find you your own slice

Here at Team Ken Richter we conduct our business with integrity. This quality has always been a pillar in our philosophy and mission. We pride ourselves on providing clients with top tier service that has their best interests at heart. We are committed to you and would love the chance to show you just how important your goals are to us.

Unfortunately, not everyone conducts their business with integrity. 

Real estate scams that prey on both present and future homeowners are commonplace. With the economy the way it is right now, more cases of people being scammed are beginning to arise across the city. In order to help prevent you from falling victim to these scams, in todays post we will be going through the most popular scams out there and how to

A great way to make money out of an investment property or a recreational property is to rent it out. The rental market is big in Calgary, because many people seek temporary residence here before buying. Calgary also has a massive student population, many of which need spaces to rent for the school year and summertime. This means that if you have a nice property, you can easily make money that will help you repay what you spent on the space.

Secondary suites will add tremendous value to your property should you sell one day, and are a fantastic way to help pay off your mortgage faster. There are many rules and regulations you need to be aware of if you want to rent out a legal suite, so make sure you do some research!

It is easy enough to find