What To Look For When Buying A House?

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What To Look For When Buying A House?
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Introduction

• Finding the home of your dreams can be a daunting
  task. Especially, in this new and competitive
  market, where there are a multitude of options.
  When you start the process of searching for your
  dream home, whether it be for starting a new
  family, buying your parents their dream home, or
  a home you can share with your fur baby. You have
  to consider a number of factors when buying a
  home resale value if you are buying an old
  home, a new build, or a brand new property. Here
  is a guide for you on how to make the right
  purchase when you buy your new home or your next
  home.

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• 1. What type of home are you looking for? 
• When you are considering buying a home for the
  first time or for real estate investment
  purposes, the first thing that comes to mind is
  the square footage of the house, the overall
  layout, the number of bedrooms and bathrooms, the
  living room size and whether the house is
  equipped with a garage, a basement or attic for
  storage space. If you like having barbecues, you
  have children or you have pets the importance of
  having a pool or a lawn is an added benefit.
• It is important that you take into consideration
  the number of family members you have, whether
  you have children, pets, and the amenities you
  need in your home.

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• 2. The Community 
• The community plays a very important role,
  especially if you have a family, having good
  schools, playgrounds and public swimming pools
  are essential. 
• When you have children choosing a community in a
  school district becomes vital for the proper
  upbringing of your children/child. 
• What is also important to consider is if you
  would like to become a member of a Home owners
  Association(HOA) in the community that you want
  to live in. Being a member of the Home owners
  Association(HOA) means that you will likely have
  to pay a fee to maintain the common areas of the
  community and for the usage of the amenities that
  the community offers. However being a member of
  the Home owners Association(HOA) means that in
  addition to your monthly mortgage payment you
  will also have to keep a budget for the Home
  owners Association(HOA) monthly fee.

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3. The condition of the home you are going to
buy

• When you have zeroed in on a home you like, the
  first thing you need to do is assess the
  condition that the home is in. This includes
  assessing the roof if it needs fixing,
  replacing or if it is in perfectly good
  condition. It is important that you keep a
  lookout for leaks, missing tiles, or any other
  signs that your roof is damaged will save you on
  a hefty cost of a roof replacement. Never buy a
  home that needs a roof replacement. 
• Another important aspect to consider is the
  sturdiness of the windows in your new home. Minor
  fixes can be considered but however if there are
  problems relating to the overall strength of the
  window panels then you will be facing major
  problems/ major costs in the near future. 
• Living in a country like Canada, means that you
  need to have a functional HVAC unit. Do not be
  fazed by the intricacies of an HVAC unit, here
  are a few basic questions that you can ask the
  seller during your home inspection when was the
  HVAC unit installed in the house, what is the
  primary method of heating the house, if the home
  is equipped with window units or has central air,
  and lastly if the HVAC unit has been regularly
  serviced. Asking these basic questions will save
  you a lot of trouble in the future, we suggest
  you do all of these before you sign your mortgage
  agreement.

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4. Calculating property taxes for your new
home

• Property taxes in Canada vary depending on the
  state and county you live in. Your local
  government will calculate your property tax by
  multiplying your propertys assessed value by the
  present local tax rate of your state and county.
• The first thing you need to do when you want to
  buy a home is to assess the value of the home in
  comparison to the value of all similar homes in
  the area and the real estate market economy.
• It is very common for an assessed value to not be
  the same as the quoted market value or the
  appraised value. You need to be prepared for the
  varied property taxes depending on the state you
  choose to buy your home in. Keep in mind that you
  will be paying this amount as long as you own the
  home, so it would be wise for you to decide on a
  location where the said amount of tax to the
  state would be financially viable for you and
  your family.

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5. Location of your new home

• When you are choosing the location of your new
  home, it is important to keep in mind a few
  aspects like public transportation, if you
  commute on a day to day basis for work it is
  important that your home is located in a place
  where public transportation is easily accessible.
  Another aspect to keep in mind is if you have
  children, whether the home you have chosen is
  located in a district/area with good schools or
  schools of your choice. 
• A very important factor to consider is safety,
  making sure you research the neighborhood you
  have chosen your home to be in is very crucial
  especially if you are living with a family, a
  single woman or in any other instance. Safety
  should always be your first priority. 

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6. The price of the home and its maintenance
cost

• The question always arises when buying a new
  home, can I afford to buy this home? Can I
  maintain this home?  
• Price is always the leading factor when it comes
  to buying a new home. Whether you are getting a
  mortgage for your home or you are buying the
  property outright. Spending in accordance with
  your monthly income is crucial in maintaining the
  balance of making your monthly mortgage payments
  and having enough left over for maintenance
  costs.
• You should always consider hiring a professional
  or getting a mortgage pre-approval before you
  begin searching for your dream home. Getting a
  mortgage pre-approval means you know how much you
  can spend on a down payment and how much you need
  to keep aside as your monthly mortgage payments.
  Being financially wise is the best decision you
  can make as a homeowner in this ever-changing
  real estate market. 

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Coming to an end 

• As a real estate agent in Sarnia, we have listed
  the 5 basic things/points you need to keep in
  mind when you begin house hunting. Needless to
  say that as Google literate individuals, we have
  all done our research when it comes to buying a
  home. 
• However, as a professional who specializes in
  being the medium between your dream home becoming
  Your Home, we are adept in handling all the
  intricacies involving mortgage calculations,
  mortgage pre-approval, offers, counter offers and
  home loans.
• So before you begin your house hunting journey,
  keep in mind what you want, what do you need and
  how much you can afford. After you have decided
  all of that and you need professional help we at
  Real Estate Results  Karina DeLorey is always
  there to guide you and help you make the right
  decision. 

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Contact Us

• Phone
•  [phone]
• Email
• karinadelorey_at_outlook.com
• Website
• https//www.karinadelorey.ca/
• Address
• 1965 Clarence St, Sarnia,
• ON N7X 1E4