Think long term and think about resale: do you plan to have children. Do you take care of elderly parents? You can consider living in your first home for only a few years. In this case, who is your target audience when it comes time to sell the house? If you are buying a house in a bad neighborhood or a house on a busy street, when you are ready to sell the house, most families with children who enjoy their tranquility will be excluded from your list of potential buyers.
Make a list of things to check: buying a home is an emotional process. Ideally, you should put aside all your emotions when evaluating a home. But in reality, you will undoubtedly have a favourite for a home, so keep a list with the necessary criteria before making an offer to the owner.
Make an inventory of all the expenses during the inventory of the house: when setting up a budget for the house, do not stop with the monthly expenditure related to the maintenance but also the tax and insurance; add utilities, travel costs and upgrades. Call the companies that offer services that will be helpful after the purchase of the house and request a quote for the work for an assessment of your future expenses. In order to see if you can still afford to buy the house.
Make sure you read your contract before signing it: a home is probably the biggest purchase you will make in your life, so make sure you understand the terms of your contract. If you do not understand the terms, ask your notary and your real estate agent for more details. If they do not clearly explain the terms, do not go ahead and hire a new real estate agent who will defend your interests; there are enough people who will be more than happy to help and work for you
Find out more about neighborhood demographics: if you are buying a home in a booming vicinity, it would be a good idea to know if real estate projects or projects will change the landscape in the next 5 or 10 years.
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