What to Consider when Purchasing a Home

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Purchasing a home represents a significant investment. In fact, for most people this represents the biggest investment that a person will make in their entire life. However, prior to diving into a home purchase, it is essential to consider a number of factors. Each of these factors will impact whether or not you get the best deal and if the home that is purchased meets your needs. When searching for homes for sale in Comox valley, some of the things you should consider are highlighted here.

Location

One of the first things that needs to be considered when looking for homes for sale is the location of the house. For example, do you have kids? If so, you will need to find a location that is in a good school district. Other factors that need to be considered in regard to the location of the home is what is around it. For example, if there are large retail complexes, or the potential for some to be developed in the future, this may drive the value of the property down quite a bit in the future.

Cost

It is also important to consider the cost of the property. In most cases, it is a good idea to go to a bank or credit union to get pre-approved for a mortgage. This will let you know how much you have to spend prior to looking at any homes. This will automatically eliminate the higher costing homes, allowing you to focus more on what is available in your price range.

Must Haves and Nice-To-Haves

Once you know your budget, it is essential to make a list of must-haves for the home – things you are unwilling to compromise on – as well as nice-to-have items, which would be the items that you are willing to compromise on. For example, if you are dead set on having a garden tub, but okay with or without a walk-in shower, the garden tub would be a must have and the walk in shower would be a nice to have. This will make it much easier to find a home that has all the features that you want and need.

When you take the time to consider all the factors here, you will be able to find the best home for your dollar. Take some time and really think about what you want and then talk with a real estate agent to help you make the best decision for your particular needs. This will ensure that you get a home that you love.


Categories: Real Estate

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October 3, 2015 What to Consider when Purchasing a Home