House hunting can be an exciting experience, but it’s also one of the most stressful things you’ll do. After all, buying a property isn’t something you do every other week – it’s a huge investment and something you’ll have to live with for years to come. If you’re concerned that you don’t know enough about the real-estate market to make an informed decision going forward, you’ve come to the right place. Here we’re going to look at a few of the things you need to look at when you’re house hunting, so you don’t get stuck on the superficial details like the color of the paint, or the furniture in your living room.
Location is probably the most important thing you can examine when it comes to making real estate choices. After all, while you can change the way your home is decorated, and you can add extra rooms if necessary, you can’t just pick your house up and move it to another part of Canada if you get tired of the view. Knowing exactly where you want to live in advance will help you to narrow down your choices a lot faster, as you’ll be able to browse listings of Toronto condos by neighborhoods, rather than just visiting every home in your price range. Remember to think about how close your new home will be to work, and any other amenities you need, like a school for the kids!
Size and Floorplan
Finding the ideal home can sometimes feel like a bit of a balancing act. You need to find a property that fits with your budget, but you also need something that’s big enough both for your current family, and the family you plan on having in the future. Think as practically as you can about things like size and space. For instance, you probably don’t need two bathrooms if you live alone. However, you can’t get by with two bedrooms if you have four kids. At the same time, don’t get carried away with the dream of having a bigger home. While a larger space does give you more room to play with, you will have to pay more for things like electricity, heating, and of course, your overall mortgage expenses.
Finally, even if you adore your new home and you’re planning on staying in it for as long as possible, there’s a good chance that you will want to sell it someday. With that in mind, it’s important to ensure that your property has plenty of resale value. Consider looking into the amenities being built in the local area that might add additional value to your property. Alternatively, you can also think about asking your real estate agent for insights into what kind of prices other homes have sold for in the area. Remember, buyers often look for plenty of light and plenty of storage when they buy a new home. With that in mind, it’s a good idea to look for as much of these two things as possible when you’re buying your new property. This should increase your chances of a quick sale later on.