Property Management and Real Estate Services

When looking for a Calgary rental property, it is important to select the best option for your current situation. No two homes are created equal, and choosing the wrong property can have lasting effects, especially if you are engaged in a multi-year lease.

 

Therefore, consider these options when hunting for Calgary rentals:

 

7 Ways to Determine the Best Calgary Rental Property

 

 

     1.  Location

 

Location is easily the most relevant option for most seeking Calgary rentals. If you are too far from work the commute can become expensive and taxing. 

 

 

     2.  Rental Payments

 

Another important consideration is the cost of the rent. Even if the monthly rent is within your budget, it can become exuberant when factoring in utilities like heat, water, and electricity. A good rule of thumb is that your lodging cost should not exceed 30% of your annual salary. 

 

 

     3.  Parking Availability

 

 

If you own a vehicle, it can be difficult to find properties in the inner city that have a parking spot. This can be detrimental, and it may result in renting a spot for your vehicle.

 

Rentals Calgary

 

     4.  Condo Fees

 

This item is, of course, specific to condominiums. Some condo boards will raise the prices for living as time goes on, and can make the rental property a frustrating back and forth experience. 

 

 

     5.  Pet Allowances

 

If you have a furry friend it is important to make sure they are welcome in your new home. Many landlords have issues with pets being in the home, so make sure you declare them before entering into a rental agreement.

 

 

     6.  Water Receptacles

 

Having the right number of water receptacles at a property can be essential, especially if you are living with roommates. Nobody wants to wait for a shower or hot water, so make sure you have a comfortable number of water receptacles. 

 

 

     7.  Square Footage

 

Any space can be comfortable and cozy with the right mindset, but if you are moving into a smaller home than your current living situation, make sure all of your belongings will fit prior to the move.  

 

 

At Unison Realty Group Ltd. we will find the perfect rental for you in a location that fits your needs. We’ll handle what you don’t want, and you’ll enjoy the benefits.

 

For any questions or inquiries please contact us:

 

Phone: (403) 219-3000

 

Email: [email protected]

 

Website: unisonrealty.com

Investing in a rental property is an excellent idea for your future. But finding that rental property that will be a worthwhile investment is the problematic part. From crunching the numbers to working alongside property management companies in Calgary, here is how you can find an excellent rental property to invest in.  


5 Steps To Finding A Rental Property In Calgary 


See How Much You Can Afford 

Without the finances to back you up, there is no point in even bothering to look for an investment property. To find a rental property that is going to help you in the long run, you have to make sure that you have the funds to back it up. Speak to your bank or mortgage broker, and get an insight into how your finances hold up, so you can see how much you can afford for a second mortgage. 


Affording The Maintenance Over The Years 

When owning a rental property, it all comes down to you to make repairs and ensure that it is up to standard. You will have to consider the funds needed for repairs, renovations and utilities over the years, as well as see if your finances can support any changes if required. In most cases, rental owners will hire a Calgary property management company to handle all the work, as financially, it’s worth it.


Evaluate Your Desired Neighborhoods

Once you have sorted out your funds, it is time to evaluate the properties within a few neighborhoods that you like. What is the market rate for the rental properties? Are they increasing or decreasing? How is the accessibility to amenities, such as schools, hospitals, public transport and local businesses? Evaluating the neighborhoods will give an idea to know if buying a rental property in that area will be worthwhile.


Compare Properties 

To narrow down how much a rental property would earn you, you have to find comparable properties in the area and calculate the rent. Look at three properties in the area that are roughly the same size and condition of a property you’re interested in. Compare the rate in which they charge rent and how your rental property in Calgary can stand up to that. You need to see if it is worth the investment over the years.


Consider The Appreciation Of Your Property Over The Years 

There are two ways to ensure that the value of your property will increase over the years. Firstly, research the neighborhood (like you did with the evaluation) and see if the market rate of the homes in the area has increased over the years. This is market appreciation and it means that your rental property’s value will rise over time. Secondly, if you plan to do repairs or renovations, it will further enhance the value of your property. You have to assess how what repairs or renovations you are planning to do in future. These two factors will help you understand the appreciation of your property in the years to come. 


At Unison Realty Group Ltd. we will find the perfect rental for you in a location that fits your needs. We’ll handle what you don’t want, and you’ll enjoy the benefits.


Unison Realty Group Ltd.

Calgary’s Choice for Property Management & Rentals

For any questions or enquiries contact us:
Phone: (403) 219-3000

Email: [email protected]

Website: unisonrealty.com