You are ready to make the move. Literally. Buying a new home is, definitely an exciting adventure, but there’s no doubt it can be a stressful one, too. Here are a few things to consider, to make sure you really enjoy the process.
Obviously, this is one of the first steps you need to take care of. Like any big decision, this is not done overnight. Make sure to start the process early. Speak to your financial planner to find the best solution for you. Are you a first-time buyer? Or perhaps, you are thinking of investing in real estate. Decide on how much you can afford for the downpayment, and plan all your financial decisions around that moving forward. I suggest thinking about this long before you are actually ready to buy a house. The earlier you start planning, the more informed your decision will be.
Now that you have started putting your financials in order it’s time to think what exactly you are looking for in your new home. You want to have a clear picture as to what you want, before you start looking at available real estate listings in your area. Make a checklist of your so-called non-negotiables. How many bedrooms is a must? What about bathrooms and the garage? Backyard? Shopping or schools nearby? Cul-de-sac, dead-end street or a gated community?
Think what you need first. This will save you time (and unnecessary anxiety) when you start shopping around.
Switch your emotions off
I know, this one might be a counter-intuitive one… You absolutely want to fall in love with your new home, however, emotions sometimes get in a way of rational decisions like this one. This one’s a biggie. You don’t want to jump in with an offer on something that looks good on the outside without a proper homework. It’s recommended to hire a professional home inspector, as well as check all the relevant bylaws, check strata minutes in-detail, where applicable, to make sure you are 100% clear as to what you are purchasing. I work closely with my clients to make sure we take care of all the little details, as well as ask the right questions to make an educated decision. Once the rational part has been taken care of, and we are happy with what we see, then we can get emotional, and excited about the purchase.