Here are some tips to help determine which house is best for you.
Once you've settled on a couple of preferred neighborhoods for your home search, it's time to pick out a few homes to view. Having a house features “wish list” keeps you focused on which features are most important to you.
When narrowing down your home search, consider the following:
know what types of home you want to buy
determine what age and condition of the house you want to buy
consider resale potential
use a features wish list to keep focused
use a home search comparison chart to keep organized
act decisively when you find the right home
Determine What Type of Home You Want to Buy
There are several types of houses: single-family homes, multiple-family homes, Detached house, Semi-Detached House, Attached or Row House or a Townhouse.
Single-family homes: This is a house that can be any type but that only houses one family.
Multiple-family homes: Some buyers, particularly first-timers, start with multiple-family dwellings, so they'll have rental income to help with their costs. Many mortgage plans can be used for buildings with up to four units, if the buyer intends to occupy one of them.
Detached House: This type of home is often the most preferred but is also the most expensive. A detached house offers the advantage of not being attached to another home. It keeps you totally in control of your home.
Semi-Detached House: This type of house is more common and there is usually more available. One things to consider when looking at a semi-detached home is the construction of the house. If the house is only Brick front that will mean that the dividing wall will more than likely not be Brick. Most houses that are brick all the way around would more than likely have a brick wall separating the two houses. This is always a good question to ask your home inspector.
Attached or Row House: This type of house is shares both sides of the house with another house. There are some definite things to keep in mind when looking at these types of houses. The biggest is that you will have to cart your gardening equipment through the house along with the weekly garbage pick up. Most people don't think of this when they are getting excited about their new potential home.
Townhouses: Townhouses are often either Semi-detached or Row house.
Decide What Age and Condition of Home You Want to Purchase
Weigh your needs, budget and personal tastes in deciding whether you want to buy a newly constructed home, an older home or a "fixer-upper" that requires some work.
Consider Resale Potential
As you look at homes, you may want to keep in mind these resale considerations.
Two-bedroom/one-bath single houses generally have less appeal than houses with three or more bedrooms, and therefore have less appreciation potential. This is a great opportunity for someone starting off with the outlook to moving up when finances permit.
Homes with "curb appeal," i.e., well-maintained, attractive and with a charming appearance from the street, are the easiest to resell.
The most expensive houses on the street, or ones with anything unusual or unique are not suited for resale. The best investment potential is traditionally found in a less expensive, more moderately sized home.
Use a Wish List to Keep Your Search Focused
Make a wish list to clarify which features are most and least important to you when looking for a home. Using this wish list will keep your house hunt focused and effective.
Use a Home Comparison Chart to Keep Your Observations Organized
While house hunting, it's a good idea to make notes about what you see because viewing several houses at a time can be confusing. Use a home comparison chart to help you keep track of your search, organize your thoughts and record your impressions.
Act Decisively When You Find the Right Home
Before you begin the home buying process, resolve to act promptly when you do find the right house. Every REALTOR® has stories to tell about a couple who looked far and wide for their dream home, finally found it, and then said, "We always promised my Dad we'd sleep on it, so we'll make an offer tomorrow." Many times the story had a sad ending - someone else came in that evening with an offer that was accepted.
Resolve that you will act decisively when you find the house that’s clearly right for you. This is particularly important after a long search or if the house is newly listed and/or underpriced.
The following links provide useful information and are a great place to start if you're considering buying a home.
Chestnut Park Real Estate Ltd., Brokerage, independently owned & operated
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other
reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping",
"database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
The information contained on this site is based in whole or in part on information provided by members of The Canadian Real Estate Association, who are responsible for
its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
This website is operated by a brokerage or sales person who is a member of The Canadian Real Estate Association.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real
Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules and the
REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are
members of CREA.
The trademarks MLS®, Multiple Listing Service®, and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the
purchase, sale and lease of real estate as part of a cooperative selling system. Canadian Real Estate Association Last Updated: 7/17/2019 11:15:50 AM