5 Things to Consider Before Buying Your Next Home
- Home
- /
- Blog Articles
- /
- 5 Things to Consider Before Buying Your Next Home
Are you planning on buying your first house? From hiring a real estate agent to saving for a down-payment, here are 5 tips to make the experience as a first-time home buyer as enjoyable and stress-free as possible.
5 Things to Consider Before Buying Your Next Home
Many Calgarians dream of owning their own home, and while the prospect of being a first-time home buyer is extremely exciting, it can also be very stressful due to the responsibilities that come with it, from choosing the right home to paying a mortgage.
However, when approached properly, becoming a homeowner has many benefits, including:
- Greater control over your living space
- Lower financial risk
- Greater money savings in the long run
- Increased investment power
For first-time home buyers, finding the right house can be an overwhelming and emotionally draining process. It’s not always an easy task, which is why working alongside the right professionals is always a good idea.
Find Your Dream Home
At Bri-mor, we believe in building projects and communities that foster a sense of belonging and lasting value for homeowners. If you are a first-time buyer, we can help you find the perfect place to call home.
Want to know more?
4 Tips For First-Time Home Buyers
Buying a home is one of the most important financial undertakings you will go through, and as such, it’s vital to fully understand the process before you embark on a homeowner’s journey. To help make your experience as straight-forward as possible, here are 4 tips to follow:
1. Draw Up a Budget and Stick to It
Before you start looking for homes, it’s absolutely essential that you determine your budget and what you can afford. You may want to use an online mortgage calculator to help determine the maximum monthly payment you can afford after you put down a down-payment.
Pro Tip: When drawing up your monthly budget, make sure to consider the total mortgage and maintenance costs of a property. If you fall in love with a house but the monthly payment is more than you can afford, then it’s time to move on.
2. Make a List of Non-Negotiables
Before you start seriously considering buying a home, you must make a list of your non-negotiables; that is things that you MUST have in your future home. When doing this, you must consider:
- Your lifestyle and values
- What factors would enhance your well-being
- Job/school locations
- Square footage
- Any amenities you may require
Not only will this narrow down your search, but it will also help guide your realtor and ensure that you find the perfect place to call home.
3. Hire an Agent
Even if you prefer to go to open houses or look through the huge online home listings, hiring an agent will save you time, heartache, and money because they can:
- Send you listings that fit your parameters
- Inform you of new listings coming up that are not yet on the market.
- Preview homes for you
- Spot overpriced listings and advise you accordingly
Remember, a good realtor has knowledge of your area, which is a great time saver, but more importantly, they can listen to and execute exactly what you are looking for.
4. Think About Closing Costs
When you are a first-time home buyer, the costs can quickly add up. Before buying a home, be sure to consider all of your closing costs. Typically, this includes hiring a real estate attorney to look over your buyer-seller agreement, and a home appraiser to evaluate the home before the sale.
Pro Tip: Being aware of all these additional costs will allow you to save up and help you avoid any unnecessary financial strain and/or worry.
The Rise at Westgrove Estates
The Rise at West Grove Estates comes with eight beautiful landscaped parks and over seven acres of green space, each designed with the active individual or family in mind. Every new home is within walking distance of a playground, soccer field, naturally landscaped parks and access to over 800 km of regional pathways. Each home has been carefully designed, with attention to exterior detail and luxurious craftsmanship, specifically for you by our builder partners, Brookfield Residential and Cedarglen Homes.
View our Lot Map and choose your new home today!
To find out more about how we can help you find your Calgary dreamhome at The Rise at Westgrove Estates in West Springs, come see our showhomes at 106 W Grove Way SW, Calgary, AB T3H 0S2
Alternatively, you can call us at (403) 814-0177 or fill in our online contact form.