It’s been said that buying a home is one of the biggest, most important purchases you’ll ever make. We couldn’t agree more! It’s a big deal because you’ll be spending a big portion of your day to day life in your home.
So you want to make sure that the house you end up in, is perfect for you and your lifestyle.There are many factors to consider when buying a home and we’d like to share 5 tips that will help you chose the right home.
1) Prioritize Your Needs and Wants
When making large purchases, sometimes compromises have to be made in order to budget your needs and your wants. This is definitely the case when buying a home. So you need to think about your lifestyle and what is most important in order to feel happy in your home.
Prioritizing also helps to narrow down your options and can make decisions easier when it comes time to make an offer on a home.
We suggest you create a checklist of your needs and wants. In that list, include things that are outside of the actual house as well, like closest neighbours, green spaces, and commute times to work.
2) Pick The Right Neighbourhood
Picking the right neighbourhood is key to feeling happy in your home. Even if you found what you feel is the perfect home, that decision could be all wrong if it’s in the wrong neighbourhood.
Be sure to do your research and investigate the area. For example, where are the nearby schools? Even if you’re not a parent, the proximity of buildings like schools and hospitals affects your home value. So map out amenities like churches, grocery stores and community centers.
Also, look at the local crime and safety statistics of the particular area you’re interested in. It doesn’t hurt to also take a drive around the neighbourhood at different days and times to get a feel for the amount of traffic and noise level in the area.
3) Type of Home
You’ve prioritized your needs and wants and have a good idea of the location you’d like to live in. Now it’s time to decide the type of home you want.
It’s always good to consider all options because what may seem ideal, may actually not be what’s right for your lifestyle. There are major differences in each type of home. A single family home is big, private and tends to cost more. Whereas a townhome or condo will be smaller, less maintenance and potentially cheaper.
Consider the pros and cons of each when deciding on the type of home.
4) Make Use of Open Houses
Open houses offer you the opportunity to assess a home’s overall condition and can help you to make the right decision. Take advantage of these opportunities to ask questions about the home like when it was built, and how old the key systems, like heating and air conditioning, are.
Also touring a home in person gives you a chance to see details like stains, disrepair or odd smells. It also lets you feel the home out and decide whether you can picture yourself living there.
5) Use the Right Real Estate Agent
In buying a home, you’ll be working closely with a real estate agent so it’s key that you find someone who understands what you’re looking for. You need to feel that your agent is 100% on your side. The right agent should also be highly skilled and knowledgable about the area.
In a nutshell, you need someone you can trust and who will give you quality advice.
Finding the right home may not be an easy task on your own, but with the right real estate agent, you’ll raise your chances in finding the perfect home. Contact us at Rego Realty and we’ll help your home buyers journey be an enjoyable and successful one.