House hunting is an exceptionally exciting endeavor, especially if you’re a first-time buyer. But if you’re searching for your dream home, you’ll need to be patient; settling for any ordinary home will prove disappointing later on when buyer’s remorse kicks in.
So, we’ve listed some valuable tips so you can find your dream home as a first-time buyer.
Know What You Want
You can start browsing Calgary real estate and homes for sale in other areas, but you won’t find your dream home unless you know what it is that you’re searching for.
Instead of hoping your dream home will pop up in a random real estate browse, make a list of everything you want and need in a home. Consider the number of bedrooms and bathrooms, floor size, kitchen finishes, bathroom finishes, lot size, security, and other points of interest.
Do Some Research
Once you’ve listed all the features you want and need, round up three to four neighborhoods that complement your travel needs, security needs, and price range.
Consider neighborhood red flags to eliminate areas where home value will plummet over time and consider commute time to points of interest, nearby amenities and the relevant crime stats for each area.
Get Financial Clarity
Next, get financial clarity by budgeting for all the costs of buying a home and the relevant costs of owning a home.
Initially, you’ll need to consider a down payment, closing fees, and other costs associated with securing a mortgage loan. Thereafter, you’ll need to budget for the mortgage loan repayments, home insurance, property maintenance, property taxes, and utility bills.
You can make use of a mortgage loan calculator to determine repayments, and a bit of research will uncover all the other relevant costs.
Moreover, you’ll also need to improve your credit score, resolve unpaid debts, and save for a down payment to obtain a mortgage loan.
Rely On A Realtor
A realtor can find your dream home a lot sooner. These professionals know how to match your needs, wants, and price range to all the most suitable properties for sale.
Moreover, a realtor will also help you negotiate the asking price lower and handle all the paperwork for you.
Be Realistic
It’s pretty easy to get completely carried away when house hunting; there are a lot of beautiful properties out there, a lot of bargain deals, and a lot of ordinary homes. Instead of getting carried away in the excitement of it all, remember to be realistic about the kind of home you can afford.
Think Of The Future
Buying a home is typically a lifelong responsibility. You won’t want to find yourself selling your home in the next few years because you settled on the wrong property.
Remember to think of the future when house hunting. Look for a home that will accommodate your needs and wants now and still be suitable in the next ten years as well.
Buying a property is life-changing, so be sure to evaluate all your options, opt for a professional home inspection, and rely on the professional expertise of a realtor to help you find your dream home.