Are you ready?  Are you sure?

Few joys can match the pride of owning the roof over your head, but you will have to make some sacrifices. There's the obvious financial responsibility, but your home will also require constant care. That's what real pride of ownership is all about.

 

      Is your bank account ready? Check it twice

Your first home will be the biggest financial obligation you’'ve ever faced. You should ideally have saved up some money for a down payment and are managing any debts like student loans or credit cards. In a couple steps you can determine how much you can afford.

 

   Is right now a good time for you to buy?

Markets go up, markets go down and even the smartest experts can't accurately predict when a market will peak or bottom out. If you're buying a home as a long-term investment (and for long-term enjoyment), you should be protected from short-term changes in the market. Pick a home that meets the needs of you and your family. Then you'll enjoy living in your investment as it grows in value.

 

  Location?

Are you staying within the Kitchener Waterloo city limits? Are you thinking of relocating to another city, or want to move outside of the city limits. Are there specific school zones you wish to stay within?

 

    Next, decide what type of home you want

By now, you probably have a good idea of what type of home is right for you. Are you looking for a Single Detached home, a semi-detached or link home, a townhouse, (Freehold or Condo) or an Condo apartment?

 

To help you with this, here is your very own House Hunting Checklist.

 Courtesy of Realtor.ca