Purchasing Luxury Waterfront Real Estate in the Okanagan

Are you considering purchasing luxury waterfront real estate in the Okanagan? A great first step is to hire real estate agents who have experience selling waterfront real estate, as it is important to have someone representing you that has your best interests in mind.

There are many important details when buying luxury waterfront property in the Okanagan. Rules and regulations are constantly changing with regards to waterfront properties, and as a client, you need to know what questions to ask. However, having a professional real estate agent on board helps you know which questions to ask and when to ask them.

Before moving to Kelowna and diving into this large investment, the following factors should be considered and carefully examined. Some of these important factors could drastically change the use of the property or even the value.  As waterfront specialists, Rob and Jason can help protect your investment and bring some clarity when buying a luxury waterfront property in Kelowna.

Things to Consider When Purchasing Luxury Waterfront Real Estate in the Okanagan waterfront:

When you are buying luxury waterfront real estate in the Okanagan, you are buying the land, but you do not own the waterfront. There are very few properties in the Okanagan where the homeowner owns the foreshore right.  This means you do not own the beach out in front of your home.

Docks

If that waterfront home has a dock, the dock must have specific permission or general permission. You must ensure it is compliant with the rules and regulations set out by the ministry. Different areas of Lake Okanagan have different requirements for dock construction.  This is based on the salmon spawning, depth of the water, protection of the foreshore and indigenous plants to name a few.  You will want to make sure your dock is a legal dock before your purchase.

Building

When buying luxury waterfront real estate in Kelowna and tearing down the current home, there are new setbacks that are now in place for new home construction on the waterfront. Years ago, structures were allowed to be closer to the water but new guidelines are in place once that old cabin or beach house is taken down.

When looking into buying a waterfront property in Kelowna, it is important to hire a real estate agent who is experienced and familiar with property regulations.

Rob and Jason of Kelowna Life Real Estate Group and Macdonald Realty Kelowna are two of the top luxury real estate agents in the Okanagan.  They have been selling waterfront property for years and their extensive knowledge gives their clients the advantage when buying a waterfront property in the Okanagan. We look forward to helping you with all of your real estate needs. Contact us today at 250.864.5445 or info@kelownalife.ca

Okanagan Lakefront Properties

If you are seeking an empty view lot to create your custom home or prefer a turnkey property on the lakefront of the Okanagan, our professional, friendly team at Kelowna Life Real Estate Group has plenty of options available to you.

Front Row Seat To Ogopogo

Relaxing waves and an abundance of local wildlife are yours to behold. There are multitudes of properties that offer everything you are seeking: personal docks, boat lifts, boathouses and even separate guest accommodations. Imagine watching the eagles soar and the fish jump from your very own backyard! Kelowna Life can make it happen. We take pride in delivering above and beyond when it comes to our client’s wishlists.

Discover Your Oasis in the Okanagan

Enjoy a refreshing dip in the lake any time you desire. Perfect for a variety of watersports and lakeside hiking, living on the water is ideal for those who prefer an active lifestyle or enjoy being inspired by nature. Our diverse landscape provides endless hours of entertaining possibilities. Create the space that family and friends will beg to visit and capture your waterfront dreams today! We have a variety of properties to share with you. Okanagan Lake offers endless lakeshore living options. The Okanagan also offers many other options including Shannon Lake on the Westside and the memorizing turquoise of Kalamalka Lake, sandy Skaha or other options in the region. Regardless, if you prefer a place where motorized watercraft is not allowed to disturb you or you seek a location fit for wakeboarding…we’ve got you covered.

Memories On the Water Await!

Many clients desire a lakeside vacation property to visit in the summer months and others  choose to live on the water year round. Kelowna Life Real Estate Group can put you in touch with the landscape and offerings you desire, even if you’re interested in building a custom home in Kelowna. Our local team knows every inlet, bay and beach. Let us help you discover waterfront perfection at its’ finest. There are residential and commercial spaces to behold. We enjoy helping clients embrace the Okanagan lifestyle. Perfect for water skiing, tubing, wake boarding, wake surfing, sailing, swimming, fishing, SUP, kayaking and canoeing; our backyard brings people from all over the globe.

Turn A Vacation Into Your Daily Lifestyle

Our expert real estate team can help you define your lifestyle by offering properties to view that meet your criteria. Enjoy having a place to visit or live year round along the beach. Enjoy breathtaking views, ample bird life, iridescent dragonflies, Mountain Goats, deer, moose, bear, marmots and squirrels galore. Take in the fresh air, sunshiny days, delicious fruit crops and world class wineries that define our region. Kelowna and area are yours to explore! Working with a local team who knows all of the neighbourhoods and lakeside locations will help you streamline your search. From freehold semi-detached properties to waterfront condos, vacant land and every aspect in between, our team is ready to show you the latest listings! Call us today and let’s go house hunting!

Our team is available to meet with you at your convenience and show you all the different options available. Please contact us at info@kelownalife.ca, 250.864.5445 or simply click here.

How COVID-19 has changed the Real Estate industry in Kelowna

COVID-19 has changed the way many of us are doing  business now and in the future. The service industry, including restaurants, pubs, salons, to even law firms, accounting firms, and of course Real Estate Brokerages have all adopted a new normal. The Real Estate industry has adapted quickly to the changing environment to ensure safety for all of our clients while maximizing our clients experience within the new guidelines..

We have noticed a substantial increase in online traffic, and it is now more important than ever to ensure our clients properties are showcased effectively and are easily accessed online over many platforms for all to see. Kelowna Life Real Estate Group have been industry leaders in the market place when it comes to new technology and innovation and will continue to lead the way in these new times.

Showcasing your property during COVID-19 

Kelowna Life Real Estate Group continues to use every tool available to showcase your property to potential buyers in their search for a new home. Tools such as virtual tours, virtual showings, virtual open houses, extensive video and photography, drone and floor plans will reduce non qualified buyers in an effort to get the right people through your home.

Matterport Virtual Tour

Kelowna Life is continuing to use health questionnaires, social distancing, cleaning and prevention tools, and following the latest advice from both the Provincial and Federal governments. We will continue to implement any new needed protocols to do our part to encourage the safety of everyone. For additional information on COVID-19, click here.

So what everyone is really wanting to know now is…..How does all of this effect the value of our homes moving forward? Well the encouraging news is homes have been continuing to sell and people are remaining pretty optimistic about the future. We would be happy to meet with you in person ( from a social distance ) on the phone, or by zoom meeting to discuss what the market is doing now or what we anticipate the future holds. Please do not hesitate to contact Kelowna Life Real Estate Group here and we would be happy to answer any questions you may have. Stay safe and we look forward to seeing you soon.

Selling Your Home in The Spring Market

As Spring gets closer, are you getting anxious to get your home on the market? Do you know what you need for selling your home in the spring market? Have you chosen the right Kelowna Real Estate agent to sell your home? Choosing the right professional agent is the most important step when listing your Kelowna home. When you chose your agent, you should be confident in their qualifications and knowledge to get your home sold for the price you want.

Selling Your Home in The Spring Market

The Kelowna Life Real Estate Group knows that you need to be strategic when listing your home in the spring. It can be a competitive time and having the right real estate agent who is knowledgeable about the Kelowna real estate market is essential.

Tailored marketing plans, attention to detail and listening to your needs are just a few of the attributes you should be looking for in an agent.

Kelowna Life Real Estate Group

Award winning Kelowna REALTORS® Rob Nelson & Jason Abougoush with Kelowna Life Real Estate Group & Macdonald Realty Kelowna have extensive knowledge and marketing plans to ensure your home stands out from the rest. Our team includes active productive agents, a professional photographer, a social media expert, a marketing team, and an assistant to ensure we are delivering the upmost of service to our clients.

It’s an important decision when selling your home, and it’s imperative to chose wisely who you have represent you. Find out what makes us different!

Contact us today and let us help you with all your Real Estate needs while you ENJOY KELOWNA LIFE.

2020 Property Assessment – Things To Know

You have probably already received your 2020 Property Assessment in the mail. How does your assessment this year compare to last year? Did it decrease or increase? According to Okanagan area Deputy Assessor Tracy Wall, “For the Okanagan region, the majority of homeowners can expect to see stable values with slight changes from last year.”

Compare To Last Year

In Kelowna, there was a two percent drop from last year’s typical assessed value of a single-family residential property. The typically assessed value now sits at $629,000, down from $643,000. Overall, the Thompson Okanagan’s total assessments increased from about $147.7 billion in 2019 to $153.1 billion this year. A total of about $2.7 billion of the region’s updated assessments is from new construction, subdivisions, and rezoning of properties. BC Assessment’s Thompson Okanagan region includes the urban centres of Kelowna and Kamloops as well as all surrounding Okanagan and Thompson communities as listed below.

2020 property assessment Kelowna life

Does It Affect My Taxes?

Tracy Shymko explained, “It is important to understand that increases in property assessments do not automatically translate into a corresponding increase in property taxes.” “As noted on your Assessment Notice, how your assessment changes relative to the average change in your community is what may affect your property taxes.”

There’s More Info Online

BC Assessment’s website at bcassessment.ca includes more details about the 2020 property assessment. It also provides further property information and trends such as lists of 2020’s top valued residential properties across the province.

Property owners can register for a free BC Assessment custom account. Such an account unlocks additional property search features such as; check a property’s 10-year value history, store/access favourites, create comparisons, monitor neighbourhood sales, and use the interactive map.

If you have any inquires, please contact us. We would be happy to answer any questions you have!

Kelowna Winter Life Is Full Of Holiday Spirit

The holiday hustle and bustle is in full swing here in Kelowna. The streets are lined with dazzling lights and the festive cheer is palpable.  With less than a week until Christmas it is time to start enjoying all of the local festivities and joys the season brings, if you haven’t already.

One of the amazing gifts of living the Kelowna life is the ability to enjoy all four seasons at their prime. Winter is no exception. The Kelowna winter life brings big snowfalls that allow us to relive our childhood by building snowmen and getting in a good old snowball fight. The chilly days allow us to enjoy those stay in your pjs kinda days without all of the guilt. And, those days when we are lucky enough to see that beautiful sun shining and bright blue sky, we get outside and enjoy what Kelowna has to offer.

Have you been in full Buddy The Elf mood since November or do you need some ideas on how to get into the holiday spirit? You’ve either been planning your holidays since July and have already checked half of your holiday bucket list off. Or did you just realized Christmas is in a few days, haven’t even started your shopping, and need to amp your festive cheer into high gear,

Here are a few Kelowna winter life staples to get you Ho Ho Ho-liday spirit!

One of our favorite activities during the winter season that showcases the Kelowna winter life is strapping on some ice skates and visiting Stuart Park. The outdoor skating rink in the heart of Kelowna. What is more festive than ice skating outdoors under the stars and grabbing a bite afterwards from TNT Comfort Foods.

If you need a holiday cheer booster we suggest visiting Candy Cane Lane in Rutland. About 70 homes in the neighbourhood light up to provide an enchanting experience. This is a free event, however non-perishable items are accepted. Another favorite are the houses in the Wilden community. They actually do a friendly neighborhood Christmas light competition. Click HERE for a list of the best Christmas light displays in Kelowna.

However, maybe you are the kind of person who would rather enjoy the winter-ness from indoors. Don’t worry, there are numerous wineries and restaurants in Kelowna that are hosting festive events all season long. Local favorites include wreath making at Vibrant Vines Winery, and CRAFTmas on Bernard at Craft Beer Market.

We are blessed to experience the holiday season in Kelowna. With snow blanketing the landscape, twinkling lights on trees, and festive cheer everywhere, the community embraces the holiday spirit and makes Kelowna the perfect place to spend the holidays! Do you want to live the Kelowna Life?

The Home Buyer’s Guide for Kirschner Mountain Real Estate

The Home Buyer’s Guide for Kirschner Mountain Real Estate

Part of the reason Kelowna is so attractive to homebuyers is the scenic outlooks of the Okanagan hills and mountains. On the south-eastern side of Kelowna rests the Kirschner Mountain subdivision — a serene suburb defined by the surrounding nature walks and outdoor adventures moments from resident’s doors.

For home buyers looking to enter the Kelowna market, either to settle in with their family or have a picturesque vacation spot ready for the Summer months, Kirschner Mountain brings a lot to the table.

Amenities nearby Kirschner Mountain

  • 15-20 mins to Okanagan Lake
  • 40 mins to Big White Ski Resort (much closer than the majority of Kelowna communities)
  • Less than 10 min to shopping district (groceries, pharmacy, restaurants, services, etc.)
  • Less than 10 min to schools (including secondary)
  • Hiking and walking paths just around the corner

These are some of the top reasons to call Kirschner Mountain home. What it leaves out is the natural beauty that can only be experienced in person. Most homes have lookouts that span across Kelowna, making your backdoor patio an ideal escape at the end of the day.

We love the secluded nature of Kirschner Mountain. Homes here are afforded an ample amount of space, meaning less distraction from neighbours and more privacy for you and your family to enjoy.

Friends in Kirschner Mountain home pool

Cost of Homes in the Area

Kirschner Mountain real estate is on the higher end of the average home price in Kelowna ($510,000 as of last year). This is to be expected, given the relative age and quality of homes in the area. There have been multiple PNE prize homes here in Kirschner Mountain. In terms of affordability, Kirschner Mountain homes offer exceptional value for speculators who want to make a sound investment.

Given the position of the mountain, it is unlikely to see any developments nearby that would impede lookouts of Kelowna, one of the major selling features of the area. Further, the City of Kelowna is contributing 1.2 million dollars to ensure the mountain is in good shape for homeowners in the area.

As more people are priced out of the Greater Vancouver Area, the Okanagan Valley is set to continue its climb upwards. Increasing developments of both commercial and residential space in the downtown core are ensuring there is ample space for new residents. As those new residents mature in the market, homes will remain a hot commodity — particularly those that retain their scenic status!

Not sure if Kirschner Mountain is right for you? Get in touch with the team at Kelowna Life to determine what fits your lifestyle best.

 

Buying Real Estate in Kelowna in 2019

Happy 2019! New year always comes with new resolutions and the inspiration to make the most of what the year has to offer.

Whether you’re thinking of moving to Kelowna or relocating within the city, January is a great time to look into buying. And now that the 2019 BC Assessment is available online it’s easy to check what your potential home is worth and how your desired community stands among the other neighbourhoods. After all, you want to make sure you not only buy the home you love, but also make a smart investment.

If your 2019 resolution is to make a smart real estate investment, there are a few things to consider.

Buying in Kelowna in Winter

Perhaps you had hoped to buy a house before the end of December but found the low inventory didn’t offer what you were looking for.

Perhaps you found your perfect listing but another buyer had a higher offer.

Or perhaps your desire to buy was affected by last year’s government policies: speculation tax, higher interest rates and taxes, and the mortgage stress test.

Real estate is a dynamic market and our experienced realtors have learned to play within the changing rules and regulations. This means, that we can give buyers the best advice on how to pursue their real estate dreams and how to navigate the policies.

Even though residential real estate in Kelowna is slower in January, compared to spring and summer, with experts by your side, any season is the right season to invest in real estate.

NOW Is Always A Good Time To Start Looking

In the winter months, inventory tends to be lower, but Kelowna is a growing city and real estate never sleeps.

Back in November we talked about “6 Tips On Why Sell Your Home In Winter. While these tips were focused on the seller, there are some points that also benefit the buyers.

Colder weather means the seller will have to pay attention to factors like energy efficiency, upgrades, and maintenance. If any issues arise, such as drafty windows, it’s in the seller’s best interest to get these fixed, which means less future expenses for the buyer.

Less inventory also means less competition, so if you’re looking to avoid a multiple offer situation and the asking price going up, this is most likely to happen in the winter.

There are a couple additional benefits.

First, prices may go down for houses that have sat on the market all winter. With low inventory, if you’ve had your eye on a property that has been listed for a while, you might be in luck.

Second, January is usually the busiest months to get mortgage pre-approvals, so while buyers are securing their financing, most sellers are getting ready to hit the market. This also means the buyer has time to scope out their perfect neighbourhood.

What’s Next?

If you have always wanted to live in Kelowna or are ready to move to a new neighbourhood in the city, we are here to help you.

Whether you are not sure if now is the right time to buy, or how recent government policies might affect your ability to buy, our Kelowna Life team is one phone call or message away from getting all the answers you need to make an informed decision.

You can live here too. Check out Kelowna Life to see how.

6 Tips On Why Sell Your Home in Winter

When we think of selling and buying homes, we often believe that only the warm months of the year are the ideal time to do so.

Our Kelowna Life experts will tell you that any season is the right season to sell your home, you just have to know how to prepare and take advantage of it.

Warmer weather drives more potential buyers and your home might sell faster. It’s also more convenient to move in and out without wearing layers of warm clothes and worrying about shoveling. But Kelowna is one of the fastest growing cities in Canada and even in the colder months real estate remains a hot commodity.

With our real estate experts by your side, we can help you sell your property for top dollar even when it’s gloomy and cold outside.

Here are 6 reasons why you might want to consider selling in the winter and how to prepare for that.

1. More Urgency for Buyers to Find a Home

Buyers in the winter are most likely looking for a home because they have to, so they’re more motivated to buy, rather than shop around. For the seller, this means that there will most likely be fewer showings, but more serious buyers.

For families with young children, usually spring and summer are ideal months to buy a house and move because their kids are out of school. Selling in the winter will attract buyers who are not restricted by the school schedule.

Another interesting fact: most companies relocate their employees during winter, usually at the beginning of the year. The employees and their families are, therefore, more motivated and more serious about finding a new home.

The trick to convince the buyers that your listing is the one, is to make your home feel warm, cozy and welcoming.

Tip: Urgency still means a potential buyer will want to get value for their money. Because you’re selling in the colder season, questions and issues related to heat costs and maintenance might come up.

Prepare your home by getting your heating system, roof, and windows inspected. If necessary, have repairs done, weather-strip your windows or install energy-efficient windows, and insulate your attic.  If your house is energy efficient, this might play to your advantage.

A buyer looking for a home in winter pays more attention to upgrades that don’t require much maintenance in the winter. If you highlight these upgrades, you might even sell above asking price.

Tip: Winter comes with grey skies and gloomy weather. It also affects the first impression of your home. Counteract the season’s dark colours by brightening your home. Paint the walls a lighter colour and check if you need to caulk your windows. Open all curtains and blinds, turn on all lights in the home, and clean all windows and surfaces to make your home sparkle.

Tip: De-clutter and de-personalize, and stage your house with throws, pillows and other neutral seasonal touches. Don’t forget about other senses when creating the right mood. Avoid strong scents, like candles or air fresheners. To add to the welcoming feeling, bake some cookies and put the on a plate for buyers to enjoy. Turn on some soft music in the background; jazz and classical music usually work the best. And don’t forget to turn the heat up.

2. Less Competition on the Market

There is less inventory in the winter, but there are still people looking to buy. Depending on your asking price, neighbourhood and other aspects of your home, you might even receive multiple offers.

For some sellers, it might even benefit to sell when there’s less inventory. The key is to work with an expert realtor who knows the market, understands the advantages and disadvantages of your home, and then lists it based on this information.

3. Less Bidding Wars, More Likely to Get the Asking Price

It’s true that you’re more likely to make more money off your property in the spring and summer months.

But it’s also important to understand that in the spring the competition is more fierce and not all homes sell.

On some occasions a home has to be relisted at a lower asking price than what it’s worth before an offer is made, and then it might be bid up.

An added benefit: because winter is slower, your real estate agent will have more time to negotiate on your part.

Tip: Because in winter you’re less likely to have as many potential buyers as during warmer months, don’t test the market and list a higher price. Play safe and price your listing at market value. This way you won’t have drop below market value if your house doesn’t sell.

4. Less Landscaping, More Focus on Inside

With your property covered in snow, it might be hard or impossible to do any landscaping. This makes it easier to focus on the inside of the house and make it as welcoming as possible.

This, however, doesn’t mean that landscaping should be completely ignored. Curb appeal is crucial even in the winter months and makes a good and lasting first impression.

Tip: Do some basic landscaping and add some cool-weather plants to invite buyers to step inside. If it’s snowing, make sure you clear a path from the side of the road to your front door.

Tip: As you’re de-personalizing your house, make sure to display photos of what the outside looks like in the summer. A garden in full bloom, sun reflecting in the pool, and any other photos that would showcase the full beauty of the home.

5. New Year, New Me

A new year often comes with resolutions and the desire for new beginnings. This includes buyers looking for a new home.

Stage your home to reflect this mindset with seasonal decorations, soft music, and other tips shared in this blog.

6. Internet Never Sleeps

Serious buyers always keep their eyes open for the right property, regardless the season. With technology at our fingertips, buyers can search listings at anytime and in any season.

With colder weather, we tend to spend more time indoors. Whether we’re on the couch or watching our kids hockey practice, our phones and tablets are most likely by our sides.

We also tend to cheer ourselves up by finding stuff online, including homes.

Note, if a buyer is on the lookout for a home in winter, their eye will most likely be caught on a bright photo of your cozy home.

Tip: If there ever is a perfect time to invest in the services of a real estate photographer, it’s in the winter. A professional photographer will bring out the beauty of your home and increase the chances of your listing catching a buyer’s eye.

Are you looking to buy or sell your home in Kelowna this winter? Our Kelowna Life experts are ready to help you.

You can live here too. Check out Kelowna Life to see how.

Lest We Forget

Each year, on November 11th, we honour veterans who have served in wartime and remember the soldiers who died in military service.

Remembrance Day marks an important milestone in the world history. It reminds us of the sacrifices made by individuals, families, and entire countries to end the First World War in 1918 and lay the foundation for modern democracy.

As Canadians, it’s our collective responsibility to remember those who have served and made sacrifices for future generations.  

The Plea

Did you know that the phrase “Lest We Forget” comes from a poem written by the author of The Jungle Book? Rudyard Kipling wrote the poem Recessional in 1897, repeating the phrase several times to emphasize the dangers of failing to remember.

This year we celebrate the 100th anniversary of the end of World War 1. The plea to not forget the past and not take it for granted is as important today as it was back in 1918 when the Armistice agreement was signed.

Photo credit: Kelowna Now

On November 11th, the Okanagan Military Museum invites everyone to come to the museum from 11 a.m. to 3:30 p.m. and learn more about Canada’s military history. There will be special 15-minute tours throughout the day, each featuring a different topic.

This year, the Royal Canadian Legion Branch 26 is doing something new and special to honour the soldiers who never made it back home and don’t have a gravesite. Inspired by a display in Calgary, the Legion has set up a field of crosses in City Park with 242 names from the two World Wars and the Korean War. The display was set up on November 3rd and will remain in City Park until Remembrance Day.

The Ceremony

Photo credit: The Daily Courier

This year Remembrance Day falls on a Sunday. What a perfect opportunity to enjoy the morning with your family and then join the ceremony and parade.

The Royal Canadian Legion, Branch 26, will hold their annual ceremony and parade in City Park’s Veendam Garden.

In Rutland, the Army Navy Air Force Veterans will hold the ceremony at the cenotaph in Lions Park, followed by a parade.

The Poppies

Last year, the Kelowna poppy campaign collected $184,209.65, an all-time record amount.

This year, the Royal Canadian Legion has launched a digital version of the poppyUntil November 11th, you can head to the website www.mypoppy.ca and get a poppy by donation. As with the physical poppies that you can proudly wear to show your support, the digital ones can be customized for your Facebook, Twitter, Instagram and LinkedIn profile pictures.

Digital poppy from mypoppy.ca

Make a donation, wear your poppies and show your support for those who have served to protect our country. Let’s together honour their sacrifice that has allowed us to build a better home for ourselves and our families.

Lest we forget, Kelowna.

You can live here too. Check Kelowna Life to learn how.