A Helpful Checklist for Buying a Home

Posted by Gurpreet Ghatehora on Monday, September 28th, 2015 at 7:15am.

There is a lot to consider when you are in the market for a new home.  Here are a few things to consider in order to help your home buying experience keep you as happy as possible.

 1) Think Neighbourhood.

 The first thing you need to remember is that it isn’t just about the house.  If you want to be happy with your purchase in the long term, you need to make sure you look into your neighbourhood, too.  Consider transportation time and method when it comes to getting yourself to work, your kids to school, or even just heading to the grocery store.  You’ll also want to take a look around to ensure the amenities that are important to you are close at hand.  If you are a gym buff, for instance, you’ll want to make sure your workout stays in the gym, not in the journey it takes to get there.

 2) What is more important?

 You may want to make a list of the features of a home that are important to you, and then rate those things to ensure the absolute musts are covered in your choice of homes.  If you need a certain number of bedrooms, a garage or a parking spot, or if your family can’t function with only one bathroom, make sure things are at the top of your list.  Knowing what you are looking for can make finding that perfect home a lot easier.

 3) Crunch those numbers.

 Before you even start looking for that new home, make sure you do some number crunching to figure out the absolute maximum you can afford, as well as the price you are most comfortable with paying.  Knowing these figures can help you avoid making a purchase that is beyond your means, but make sure you think about all the costs when you are deciding whether that house fits your budget.  Keep in mind your down payment, the closing costs, the monthly mortgage payments, insurance, property taxes, and the costs of necessary repairs and general maintenance.

 4) You don’t have to go it alone.

 Find a realtor who can give you the buying advice you need, and hire a lawyer to help you look after your legal interests.

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