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5 more tips to find the perfect home

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RandyBett

The document provides 5 tips for finding the perfect home: 1. Buy a home that is affordable based on your current and future finances rather than stretching your budget. 2. Prioritize finding a home that will be great to live in rather than focusing on its potential resale value or investment potential. 3. Consider both older homes with potential upgrades already done as well as new homes, as new is not always better. 4. Location is very important, prioritizing a home on a quiet street over a busy noisy one, as the quiet home will also likely have better resale value. 5. Consider how easy a home may be to resell in the future if your circumstances change

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5 More Tips to Find the Perfect Home
1. Buy what you can afford It's easy to shoot for the sky and overspend when buying a home -- you understandably want the best your money can buy. Examine your finances, keeping in mind current and future expenses, and don't exceed your means. It's smarter to buy a home you can easily afford than one you have to stretch to get into. Stay down to earth, and you'll be better prepared should unexpected financial commitments and problems arise later down the road.
2. Think "home" first When purchasing a home, don't imagine the dollar signs you'll see the day you sell it. A home is just that -- primarily a "home," and not an investment. So, buy a place that'd be great to live in first and think about its resale value second. Predicting real estate cycles and home appreciation is tough enough for the experts -- and much more for the average home buyer. Plus, while home renovations tend to add value to a residence, they rarely recoup more than what was spent on them.
3. Look at both old and new It's nice to move into a place that's brand-new. But, new isn't always better. Consider both old and new. While you might not like a previous homeowner's decorating decisions, you might like the owner-installed upgrades -- like a finished basement and a backyard deck -- that a new home might not have.
4. Location, location You've heard this tip before, but a home's location does matter. A house that's located on a busy, noisy street may be less enjoyable to you as a homeowner than one situated on a quiet, secluded cul-de-sac. Plus, a home on a cul-de-sac is likely to be worth more than a poorly located one when it comes time to resell. So consider a home's location before you're smitten by a spectacular interior.
5. When it comes time to sell While you want to think of your place as a home first and not an investment, it doesn't make sense to purchase a white elephant, either. You should put at least some thought into how easy -- or difficult -- it'll be to resell the home one day. If a home is so unlike other nearby homes in terms of size, style, price, etc., you might want to skip it and look elsewhere -- it could become a burden should you want to someday move on.
Randy Bett Investment Realtor/Author/Investor Real Estate Professionals Inc. Better Group Real Estate 202-5403 Crowchild Trail NW Calgary, AB T3B 4Z1 Phone:403-774-7464 Ext:1 Fax:403-208-0082 Toll Free fax:888-711-6801
Randy Bett www.BetterGroupRealEstate.ca

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5 more tips to find the perfect home

  • 1. 5 More Tips to Find the Perfect Home
  • 2. 1. Buy what you can afford It's easy to shoot for the sky and overspend when buying a home -- you understandably want the best your money can buy. Examine your finances, keeping in mind current and future expenses, and don't exceed your means. It's smarter to buy a home you can easily afford than one you have to stretch to get into. Stay down to earth, and you'll be better prepared should unexpected financial commitments and problems arise later down the road.
  • 3. 2. Think "home" first When purchasing a home, don't imagine the dollar signs you'll see the day you sell it. A home is just that -- primarily a "home," and not an investment. So, buy a place that'd be great to live in first and think about its resale value second. Predicting real estate cycles and home appreciation is tough enough for the experts -- and much more for the average home buyer. Plus, while home renovations tend to add value to a residence, they rarely recoup more than what was spent on them.
  • 4. 3. Look at both old and new It's nice to move into a place that's brand-new. But, new isn't always better. Consider both old and new. While you might not like a previous homeowner's decorating decisions, you might like the owner-installed upgrades -- like a finished basement and a backyard deck -- that a new home might not have.
  • 5. 4. Location, location You've heard this tip before, but a home's location does matter. A house that's located on a busy, noisy street may be less enjoyable to you as a homeowner than one situated on a quiet, secluded cul-de-sac. Plus, a home on a cul-de-sac is likely to be worth more than a poorly located one when it comes time to resell. So consider a home's location before you're smitten by a spectacular interior.
  • 6. 5. When it comes time to sell While you want to think of your place as a home first and not an investment, it doesn't make sense to purchase a white elephant, either. You should put at least some thought into how easy -- or difficult -- it'll be to resell the home one day. If a home is so unlike other nearby homes in terms of size, style, price, etc., you might want to skip it and look elsewhere -- it could become a burden should you want to someday move on.
  • 7. Randy Bett Investment Realtor/Author/Investor Real Estate Professionals Inc. Better Group Real Estate 202-5403 Crowchild Trail NW Calgary, AB T3B 4Z1 Phone:403-774-7464 Ext:1 Fax:403-208-0082 Toll Free fax:888-711-6801