Making your first real estate purchase can be exciting. However, if you have decided to buy your first home, it is essential that you keep a few key tips in mind, so you remain happy with your new home for many years to come.
1. Think Long-Term. Unless you are planning to live in your newly purchased home for just a few years, you need to think about how your life will evolve over time. For example, would you like to have kids in the future? Or, is it likely that you will need to take care of an elderly relative while you are living in the home? Take factors like these into account while determining if a piece of real estate can meet your needs.
2. Make a List of Must-Haves. As you look at real estate for sale, you may approach each property with more emotion than objectivity. To keep your emotions from taking over, make a list of things you absolutely must have in your new home and things that would be merely nice to have. Then, bring this checklist with you whenever you visit a new property.
3. Look at Every Expense. Although buying real estate is often a beneficial investment, making the transition from renting to buying can mean that you will soon be responsible for many more expenses. As you budget for your new home, consider additional expenses like home insurance, homeowners association fees, higher utility bills, repairs, furniture, and other expenses that may come up once you own a home.
Blog Posts
You Can Now Find Real Estate Listings with a Swipe of Your Finger
In partnership with Plastic Mobile, Royal LePage announced in February the launch of its mobile app for house hunters in Canada. The new app, which is available for iPhones, simplifies […]
Read MoreCommon Real Estate Investing Blunders You Need to Avoid
Real estate investing can be a profitable way to secure an additional income on a long-term basis. However, to ensure the profitability of your real estate investment, you need to […]
Read MoreBuying a Home in the Georgian Triangle: Resort Living at Its Best!
Yes, buying a home in the Georgian Triangle allows you to enjoy all the benefits of relaxed country living. Here are some really good reasons to consider moving to this […]
Read More