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The Homebuyers Check-List

  • Check zoning, building regulations and municipal plans for the area. They may affect any plans you may have for additions or renovations.

  • Estimate the resale potential of the house. This is an important consideration, especially if you may need to relocate again soon.

  • Drive through the area and evaluate the level of essential services. Check transportation and shopping facilities. Look at the proximity and types of schools in the area.

  • Carefully examine all aspects of the house's construction, including plumbing, wiring and foundation walls. Bring along an expert if you feel unable to assess these properly. We have seen more and more clients exercising a house inspection company to look at the home in detail. Ask your realtor for the name of a reputable firm. Costs vary but are in the $300. range and the inspection provides a level of comfort which can be well worth the cost.

  • Try to determine what repairs you may be faced with over the coming years. Check the condition of the roof, capacity of electrical services, age of furnace and driveway paving. If you think your space needs may change, look for renovation potential - size of lot, exposure, room layout and so on.

  • Consider all expenditures you may have to make over and above actual purchase cost; repairs, furniture, landscaping, renovations, decorating and moving.

  • Be prepared for unexpected costs such as legal and survey costs, appraisal fees, land transfer tax and be aware of increased monthly costs like water, gas and electricity bills, especially when moving into a larger home.

For Further Information

Any one of our representatives would be more than happy to assist you or answer any questions you may have about purchasing your first home. Contact us anytime and we will reply to your inquiry by telephone or by email as promptly as possible.


 

 
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Buying a home is an exciting time. Focus on getting exactly what you want in your home and let CanEquity handle the mortgage. Our promise is to find the best rates in Canada for your home loan, and ensure that you have the means to fulfill your dreams.
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