​Home Buying Guidelines

​Home Buying Guidelines - Ottawa House and Condo Hub
  • Be an educated buyer. Learn as much as you can about the market before you buy. Today is a good start!
  • Brand new homes may be lower in maintenance costs, but can be higher in out of pocket expenses. For Example; landscaping, fencing, eaves troughs, central air, etc.
  • There are no perfect homes. Be ready to make compromises and concessions. Know what’s most important to you and ‘give’ on those things that aren’t.
  • Location, location, location – some things don’t change. You can change the inside, but not where a house is located.
  • Supply and demand is a critical issue. Be ready to move quickly when you find what you want.
  • Pay attention to floor plans. Changing layouts of rooms can be costly.
  • Redoing kitchens and baths can be very expensive – check these out carefully.
  • Imagine the home vacant. Do not be swayed by decorating – the furnishings will leave with the seller.
  • Vacant homes may appear larger than they are. It may be a good idea to measure to make sure your furnishings are going to fit.
  • Buy the best home you can afford in the best neighborhood you can afford. You are almost always better off with the least expensive home in the area rather than the most expensive.
  • Even if the quality of the school district doesn’t matter to you now, remember it might someday to another buyer.
  • Get pre-approved for your mortgage prior to making an offer. Get your pre-approval in writing.
  • Compare mortgages – an artificially low interest rate could have enormous hidden costs. Read the fine print.
  • Be honest with your Realtor. The more open you are with them, the better understanding they will have of your needs.
  • You’ll know the right home for you when you see it and it will have very little to do with logic. Your Realtors job is to be an objective medium in the process to ensure your needs and interests are met and protected.