Cole Grekul, of Maxwell Progressive Realty, and I are back to share insights on the housing options available for families in Secord (a vibrant West Edmonton neighbourhood) and how to leverage a basement suite to help with your mortgage.

Secord

Situated just west of the Anthony Henday, Secord is perfect for families seeking a welcoming community with diverse housing options. There are a plethora of choices in homes, ranging from townhomes and apartments to single-family detached homes with detached or attached garages. Notably, the area also boasts numerous walkout properties and basement suites, adding to its appeal in today’s market.

Basement Suites: A Wise Investment

Legal basement suites play a crucial role in mortgage qualification and household budget management. By leveraging rental income from these suites, homebuyers can enhance their purchasing power and offset monthly expenses effectively. Budget considerations are important when buying a home, not just mortgage approval amount should be assessed, but also short- and long-term financial obligations.

Navigating the Permitting Process

Delving into the process of acquiring a legal basement suite, the intricacies of negotiating with builders and navigating the permitting process must be discussed. Cole shares insights from his experience, highlighting the potential for collaboration between buyers and builders to include basement suites as part of the home purchase. Having a knowledgeable real estate agent advocate for the buyers’ interests during these negotiations is extremely valuable, as it ensures access to a wide range of options and favourable terms.

If you’re looking to get pre-approved for a mortgage to buy an income property in Edmonton, even Secord, I’m happy to help you out. You can reach out to me at 780-720-2490. And once you have your pre-approval, you can call Cole Grekul with MaxWell Realty at 587-785-5133, and he can help you find your ideal home in Edmonton.

Connect with Cole Grekul:

• Phone: 587-785-5133
• Website: https://www.colegrekul.com/
• LinkedIn: https://www.linkedin.com/in/cole-grekul-886a0222b/

About Jason Scott, Edmonton Mortgage Broker

Looking for a personalized mortgage solution? As an Edmonton Mortgage Associate, I’ll be your trusted partner who will help you get the right mortgage for your family home or Investment property. I’m Jason Scott, and I’ll be your Mortgage Broker in Edmonton.