Thinking about buying your first home? Transitioning from renting to owning? A home is a significant investment to make, and there are many factors to be considered. First, you will have to decide what exactly you’re looking for, and secondly, you’ll need to decide if you’re financially ready to invest in a new home. Once you’ve thought about these two factors, you may determine that you are in fact, ready to buy your first home. But no matter what step in the process you are, here’s what you should know about buying your first home:
Choosing the Right Home
This is the time where you discover what your needs are. When it comes to buying a new home, some of the most important factors to think about is location and size. First, think about location; how far are you willing to commute to work? How close to amenities would you like to be? Would you like to be in a more quiet, quaint community? Or an inner-city community with amenities abound like Marda Loop?
Also, think about the size of your home and how many bedrooms you may need. For example, our Avenue33 condos with the 1 bedroom/den floor plan are great for individuals and smaller families, because the den can easily be converted to a second bedroom to suit your needs!
Preparing Your Finances
Before going through with purchasing a home, it’s important to make sure you have enough money saved to pay for at least 5% of a chosen home’s down payment. In addition, make sure you take the time to explore all of your financing options available to you. Look into a home mortgage with reasonable rates. It’s also beneficial to be pre-approved for a home through a reputable mortgage company. That way, you have a better chance of having your offer accepted by the seller. You’ll be in your dream home in no time!
Are you getting ready to buy your first home? We can help! On Tuesday, March 21, 2017 at 5:30 pm, join Avenue33 and local mortgage specialists DCL Elevation Mortgage. We will be hosting a first-time home buyer session for anyone who needs help getting started with the process. Let us help you find and purchase your dream home!
Date: Tuesday, March 21
Time: 5:30 – 6:30 pm
Location: Avenue33, 1915 33 Ave SW
To register for this special event, please visit http://avenue33.ca/first-time-buyer/. We’ll see you there!