5 Considerations Before Buying Real Estate

March 10, 2014
By Cody Battershill

5 Important Considerations Before Buying Real Estate

Buying a new home, condo, townhome or lake cabin perhaps is exciting to say the least. Usually it is the location that is the most important, then the interior features and exterior appeal of course, next up, a bunch of other specifications such as construction date, yard size and property plot to name a few.

And this is just the tip of the iceberg when it comes to buying real estate. Therefore, to find the best fit for your wants, needs and lifestyle, its important you take a moment and examine these five considerations below because once you do, you will be well on your way to making the best, most informed decisions during the buying process.

For a complete guide to buying real estate, be sure to check out our Calgary Home Buyers Tips today.

Location

Some buyers put more emphasis on the location than the home itself. If this describes you, then doing ample research on prospect communities is a must. Some questions you may want to ask include:

How long will it take me to get to my work?

Where are the nearest shopping plazas?

What about in-community amenities such as lakes, public facilities and schools.

Is it easy to access public transit?

Is walk ability important?

How far do my family and friends live?

Additional considerations include proximity to downtown and the inner city or perhaps to its brim if you work out of town or love travelling to the Rocky Mountains. See more at 3 Community Features to Look for When Buying a Home in Calgary.

Exterior Appeal

The exterior is most often what catches our eye in the first place; therefore, it is important to have an appealing property for our own satisfaction and for potential buyers when reselling.

Floor Plan

This is your living space and how well it fits in your life is key to getting the most out of it. So, you’ll definitely want to pay attention to the type of property, number of rooms and bedrooms, amount of storage (if any), the condition of the basement / garage, as well as the plot of the property.

Quality Built

You may like fixer-upper properties, you may not. Most people like to move into their new place without being hassled by renovations, so putting an emphasis on the home inspection, warranties, finishings and if buying new, after care service, is a must.

For new home buyers, Alberta’s New Home Warranty is helping out considerably. Learn more today.

Affordability

Financial considerations are often a top priority for many buyers and they very well should be. If affordability is important for you, then you will most likely spend a lot of your time finding a home that fits within your budget.

Additional considerations include a reasonable mortgage rate, down payment, initial and standard home maintenance costs, fees / bills, as well as having potential to increase in value for when it comes time to sell.

Questions about Buying Real Estate?

Looking to make the best move? Contact me anytime and I promise I'll respond within 60 minutes (unless it's the middle of the night and I'm sleeping) Interview me today and let’s make your goals a reality!