For many motivated buyers, finding a home that fits their criteria and budget is becoming challenging. Here are a few tips to help with your decision.
- Identify your list of “must have” and decide if some of them could be “fixed”. Ex: you won’t change the location of a house and having a power line in your backyard. However you can always upgrade an old kitchen.Clients decided recently that being able to play basketball with their kid on the street was important. Clarity is empowering and will help you make an informed decision.
- Make sure to know the monthly expenses that you don’t want to exceed for your home including: monthly mortgage payment with taxes, hoa fees if any, home insurance and water bill.
- Identify if you have room left for repairs work and upgrades when you negotiate a home purchase.
- Analyse and set the level of urgency for these upgrades.
There is nothing worse than discovering during or after the close of escrow, that the property wasn’t a good fit and a purchase by default.