Elizabeth Pryde’s article for AllWomenStalk.com discusses the most important factors to consider when purchasing a home. Pryde explains that identifying and considering these factors will lead to an informed decision, eventually ensuring worthwhile property ownership. Pryde lists budgeting as the foremost factor to consider in buying a home.
Setting a budget will allow you to narrow down the homes that are real options for you, as well as develop a picture of your financial situation in terms of what you might be able to contribute as a down payment, what type of interest rates you can expect, and what amount your mortgage payments should be.
Most of the other factors to consider are influenced by your budget. In dynamic cities like Calgary, for instance, a home close to basic establishments like hospitals and schools may cost higher than those which are not. Therefore once you have established a budget, find out the kind of community that would be ideal for what you can afford to spend, and the amenities that are available in such locations.
This will require a lot of research, particularly if you will do this on your own. The assistance of professionals, however, can make the search easier for you, as Ms. Pryde’s article states:
A mortgage broker can be a huge help in terms of understanding the financial component to your purchase, a real estate agent can successfully identify potential properties and work to negotiate a contract that considers your best interests, a contractor can assist you in mapping out costs for renovations, a property inspector can ensure you are getting a sound home, and a lawyer or notary can take the guess work out of the closing process.
Getting the services of a reliable Calgary realtor is another important step you need to take in the home buying process. If you’re a first-time buyer who wants to avoid any legal issues and purchase risks, you can trust the expertise of a realtor who knows the industry and the market well. A realtor can steer you to the right property that matches your preference and budget, and help in facilitating the deal between you and the seller.
A seasoned realtor can even help you make the decision between buying a single family home, or one of the good-value Calgary condos downtown. The network of reputable realtors like Calgary’s Inner City Real Estate Specialist Christine Ordze, encompasses all property types, giving their clients a wide array of choices.
(Article Information and Image from 8 Valuable Considerations When Buying A House, AllWomenStalk.com)