Common Calgary Home Buying Mistakes to Avoid

First-Home

 

Make the home buying process stress-free by preparing yourself for the process, and being aware of these common home buying mistakes (and how to avoid them).

Shopping with your heart, not your head: while you want to ensure you love the home you’re going to buy, making purchasing decisions on a first impulse is a bad idea. Always do your homework.

An unrealistic wish list: get clear on your ‘must-haves’ and ‘nice to haves’, you don’t want to decline a property just because you didn’t get 100% of what was on your wish list. Many times you can find an amazing property with most of what you want, and the rest of it you can add yourself when the timing is right.

Not researching the neighbourhood: don’t just take into account the home you’re looking at when doing your research, pay attention to the community and surrounding amenities. You want to think about: your lifestyle, future value and conveniences.

Committing out of your price range: you won’t really run into this issue if you’re using great professionals, but you never want to commit to more than you can afford. Being “house poor” is not the way to jump into homeownership.

Ignoring resale value: think about the future when home buying as well, what will this property likely do over time in terms of market value? Is the area increasing in value or decreasing? You want to be sure you’re setting yourself up for success when it comes time to sell again as well.

Going for the ‘fixer-upper’ due to price: buying that older, worn down house just because it’s cheaper, isn’t actually going to save you money in the long run. There are lots of pros and cons to these purchases, but make sure you really take into account the money you’ll have to spend upon purchasing the home.

Going it alone: especially for first-time homebuyers, trying to navigate the real estate market with a REALTOR can be confusing. The money you save on commissions can quickly disappear with a botched deal or unforeseen house issues. A licensed professional will make this process a lot easier and stress-free for you.

If you’re in the market to buy a home or will be soon, feel free to reach out to us for advice or to ask questions. You can also reach us on Twitter anytime.

Tags: , ,