Tips For First-Time Home Buyers You Can’t Afford To Miss!

The temptation of first-time house ownership is powerful. Your concentration could be constructing generational wealth or making an investment to sell after retirement.

No matter what your reasons are for purchasing a home, you might be several steps away from the moment you kick back & enjoy your property purchase. Here is our greatest advice for first time home buyers looking to get on the journey to house ownership.

Amazing Tips For First-Time Home Buyers You Should Definitely Follow!

Be Assured That You Are All Set To Commit To a Loan

The number one tip that we can share with a first-time home buyer is to be assured that you are ready. The average mortgage loan term is fifteen – thirty years. Though you do not need to stay in your house for that long, purchasing a home is still a major commitment. Be sure that you are prepared for house ownership prior to taking on a mortgage.

Begin by asking yourself questions like these:

  • Are you ready to commit to the house and town for at least five years?
  • Do you have an emergency fund that is able to cover at least three months of expenses?
  • Do you have a steady income?

If the answer to these questions or any of these is “No,” you might want to hold on to the home purchase. Keep saving! Keep researching!

Consider if you’ve any events that might affect your income, expenses or location. If so, these can be the reason to pump the brake.

Review Your Budget

It is significant to keep in mind that your budget is going to change when you purchase a house. And, you will have new expenses beyond the mortgage payment.

Homeowners insurance, maintenance and property taxes are just some of the additions you would like to plan for. You might find that your utility bills are enhancing. Also, you’ll want to ensure that you have sufficient money in savings in order to cover emergency repairs.

Figure Out the Kind of House You Need

When you are acquainted with your buying power, review all the options available in your location. First, understand the types of houses out there.

  • Single-family homes: These are what the majority of people indicate when they refer to a home. These houses are not attached to other houses.
  • Duplexes: These homes are normally two houses with separate entrances in a building and share a common wall or ceiling/floor.
  • Condominiums: Condominiums are privately-owned units in a large building or development of several units where owners own the unit’s interior, not the exterior building. Typically, owners share common areas and amenities.
  • Townhomes: These are multi-storey houses built side-by-side where owners own both the exterior and interior of the units. There’re typically one/two shared walls with other association and unit fees to cover shared amenities.

As you review the home types available, consider the space you want, the cost of every home type and added cost that the different house types may incur.

Research Where You Would Like To Live

Once you are preapproved & have an idea of the home type you would prefer, it is time to research your neighbourhoods.

Consider these features when buying a house:

  • Schools: Top schools normally have an impact on house prices.
  • Workability: Amenities within walking distance may be a key to helping you save car trips, such as grocery stores, public transit and playgrounds.

In addition to these, you also need to consider features like parking and property taxes.

Bottom Line

When you have done the groundwork above, you will be in a position to shop for your new house. So, make sure you read these features carefully and also be assured that you have chosen the right realtor for help.


Ease Your Home Purchase in Halifax With a Real Estate Agent!

So, you are looking forward to buying your dream home in Halifax this New Year. It sounds simple but not at all! But your purchase can go easier if you have the best real estate agent in Halifax

And being an experienced realtor, I, Kuldip Dhunna, understand the ins and outs of home buying and selling! Plus, since I have a great passion for helping people purchase property, I will be delighted to guide you in this entire journey. Let me tell you HOW:

Excellent Communication:

Communication is the key to any successful dealings, whether you are buying a home or selling it. The better you communicate with the realtor, the easier it will be for him to let you find your dream home. 

And I believe in this and try my best to build a positive and strong relationship with my clients to maintain consistency in conversation while enduring it sounds meaningful. Be open about your preferences so I can suggest better guidance about your home purchase for informed decision-making. 

Help you in an unemotional negotiation:

When it comes to challenging negotiations during the property purchase, it must be an unemotional decision, and I can help you here. 

For example, if you find any problem with the home layout or plans just before finalizing the deal, you probably lose your cool and get into a fight with the seller. But with my 14 years of experience in this field, I figure out the positive part and forward your problems and requests to the seller without letting him or her see your overly emotional state.

Handle your paperwork:

As I have mentioned earlier, I am passionate about helping people buy and sell homes to ease their real estate journey and provide them with a unique experience. Yet, you can have the best support and guidance from me regarding the required paperwork for your dream home purchase. 

Since the home-buying paperwork is tiresome, I can save your day by tackling and completing all that within the time frame. After all, the offers and counteroffers are limited! Leveraging my local knowledge, I can help you with the paperwork inside and out!

real estate

Help you find available homes matching your preferences:

Being a real estate agent, I know the best houses for sale currently on the market better than you do. So, I can help you find homes in good condition and fairly priced. And you can even look for my listings on my website! For example, I have recently posted about a new property at 1312 Bedford Highway in Bedford. You can see the details on my blog page! 

Pricing expertise:

The last thing you may even wish in your nightmare is burning a hole in your wallet, even if it’s about buying your dream home! And since you don’t know about house pricing, you better have pricing expertise here on your side. And who can be better than a real estate agent in this case? Most experienced realtors can set a price in their minds the moment they step into the property or spend a few minutes online pulling details about its sales.

So, once you determine the price range for your dream home, I can find you a home fitted your specifications and your budget. Using online tools, I can locate those properties on the market matching your preferences and price range. 

Bottom Line

So, if you want your real estate journey the right way, count on me! I can help you even with closing on transactions and financing, apart from ensuring a pleasing home-buying experience. If interested to buy or sell properties, stay connected!