At The Costabile Group we pride ourselves on meeting the needs of each and every client. We especially enjoy working with those that have decided for the first time to buy a home. We have compiled a short list of some steps you should be taking in purchasing your first home!
We suggest that the first thing you should do is go the bank/mortgage broker and see if you qualify for a mortgage. If you really do not know where to start, ask one of our team members today for our recommended list of mortgage specialists. It amazes us everyday how much little details about your mortgage matters.
Once approved it’s a good time to hire a professional realtor and start the house hunting. Try interviewing one of Our Team members today. Your financial institute will be able to give you the amount you are able to spend on your home. As tempting as it may be, we will focus on homes that meet your budget and criteria. Remember this is your first home, but doesn’t need to be your last. Perhaps a good 5 year plan for your starter home is a good idea? Or maybe you have different goals, such as renting out an in-law suite in the basement?
Getting into the housing market in a good neighbourhood is a positive experience. This helps solidify your investment knowing if you ever had to resale your home, it should be easy! You can change the paint colour or plant a garden, but it is hard and expensive to add square footage or move your home into a better neighbourhood, we really could not stress the value of location enough.
Another point is how important it is to look at the total cost of the home from property taxes, utilities and day to day living cost – this is basically affordability. No one wants to be house poor so working together with one of our team members we will find a home meets your style and your budget.