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Property Virgins

Hamilton Real Estate, Hamilton MLS, Hamilton Real Estate Listings, Best Hamilton Real Estate, Strathcona Hamilton, City Brokerage, Bianca Marijan

Preparing to buy your first home can feel pretty overwhelming. The key to finding a happy home as a property virgin is working with an expert that can guide you through the process from start to finish. I’ve gathered a list of important steps, tips, and questions to consider to get you started.

  • Have your financing in order before you get started. If the market is hot houses can sell quickly and you want to have all your ducks in a row to avoid disappointment
  • Work out what your monthly expenses are and create a budget
  • Are you looking for a turnkey home or something you want to renovate and make your own?
  • How much work do you want to do?
  • Have a wish list of features you’d like, want, and need, but don’t expect to get everything on the list.
  • Make your purchase an investment by buying in an up-and-coming area
  • Consider what neighbourhood you want to live in and what style of home you’re looking for
  • If you’re looking for a townhome, middle units are less expensive than the end units
  • Expect to pay condo fees in addition to your mortgage, condo maintenance fees are not negotiable and will likely increase over time
  • Plan a second visit to do a walk through with fresh eyes
  • Have a home inspection done before purchasing to check for any issues with the property
  • Don’t impulse buy or overspend
  • Are there any repairs that need to be done? You can request that they are completed before closing or offer a reduced price
  • Is the home styled in a way that is timeless or is it a trendy style that could look outdated in 5 years?