I am not a Realtor. I have no intention of becoming one. However, due to the sheer amount of times I have moved in my life, many of my friends and family members come to me for advice on buying and selling a home. That happened recently with a friend that was interested in Port Credit real estate opportunities. His questions made me think about my top tips for buying a property, which are included below.
Commit to the Property
The first time I bought a house, I was married within a year and had a child within two. The house I purchased was no longer suitable for my needs, and we had to sell it. I wound up losing money on the home, which brings me to my first piece of advice – make sure you can stay in the home for several years or do not buy it. A home is an investment. You want to earn money from it, which is why it is important to stay there for as long as you can.
Research School Districts
When I bought that first property, I was concerned about location. I needed to be close to the highway so that I could get to work easily. I did not pay that much attention to the local school district, which turned out to be abysmal. That is part of the reason that I lost money when I tried to sell; families simply were not interested in the home. Therefore, regardless of whether you have children or not, it is important to buy a home in a good school district.
Get An Inspector
On one of my home searches, I found a property that I fell in love with. It seemed to be well taken care of and it checked all the boxes when it came to what I needed. I almost did not hire an inspector because I thought my visual inspection was good enough and because I was so committed to the property. Luckily, at the last minute, I did call someone in and found out that there were serious issues with the house. I wound up backing out of the deal. No matter what, always have the house inspected before you purchase it.
I gave this advice to my friend that was searching for Port Credit real estate opportunities, and I think it helped. The real estate market can be fickle, and it is important to go into the buying process with a clear idea of what you want and what you need to do.