7 Tips For First-Time Home Buyers In Calgary
Buying a house for the first time can be overwhelming to say the least. If you’re wondering what neighbourhood to go with, what you can afford, or even how to just get started on the process, let us take some stress off your hands! We’ve teamed up with Hopewell Residential to give you 7 tips to ensure the home you end up with is everything you dreamed of.
Hopewell Residential is a five-time Developer of the Year award winner, so their expertise is second-to-none in Calgary and beyond. Who better to learn home-buying tips from than the homebuilders themselves?
Create a checklist of needs & wants
This is a biggie. When you’re buying your very first home, you’ll want to weigh your needs vs. your wants. Ensuring you have what you love in your first home is a big, big deal.
What should you do? Easy. Set up a list of needs and a list of wants, but be pretty strict with yourself, and make sure you take your lifestyle into consideration. With the increase in remote work over the past year, it’s important to keep in mind that a home office or flex room might just be the key to maximizing at home happiness. Especially if you’re thinking you might be expanding your family later on, spare rooms and extra space is key (but more on that later!).
Or for instance, you might need a home in an area with a high walkability score, but you want to be close to certain amenities. Set yourself up with the right level of compromise and the number of homes that actually fit your ‘perfect’ idea will skyrocket.
Don’t just buy for the present
This isn’t our parent’s real estate market, folks. Housing prices across the country have been on a pretty solid upward trend, and Calgary is no exception. Yes, now’s a great time to buy, but prices continue to increase – which is good news for your home’s future value.
With that in mind, your first home can absolutely be a starter. You don’t have to break the bank or become house poor just to flex your new digs for the sake of flexing them. Instead, consider what that house will mean to you in 5, 10, or even 20 years. Is it in a location where the property value will rise and you’ll be able to treat it as an investment? Better yet, is it in a community you love that you can set roots in? With communities like Mahogany, you have the ability to set roots and move-up eventually as priorities change, all without leaving the amenities you’ve grown to love. Seriously, you can experience the full cycle of first-time buying, moving up, and downsizing, all in one lakefront community.
Planning for the future is never a bad idea, folks.