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Buying new

Building your dream home can seem like an overwhelmingly big, complicated project. The good news is getting the right people to help you can make the steps of constructing your custom home much easier and with results you can cherish for many years to come. From Legal Matters, to Financial considerations and all the trades, you want get it right. Here are the 6 steps in Buying a new home.

 

01

GET APPROVED FOR A MORTGAGE
Step one in buying a house is knowing exactly what you can afford. You can save yourself a lot of time and heartache by meeting with a mortgage specialist to find out what your budget is for buying a property. You may be able to get a high mortgage but not want to have high payments to allow for more disposable income. Figuring this out before you start your search for new home is the key first step.

 

02

DECIDE WHERE YOU WANT TO LIVE
Location, Location, Location! Do you want to live downtown, in the suburbs, or in the countryside? Is being near your workplace, by the 401 or close to family a priority? How far are you willing to be to amenities? Nail down where it is exactly that would be best for you to live next and go from there.

 

03

DECIPHER WHAT KIND OF HOME YOU WANT
Detached, Semi-Detached, Townhouse, High Rise condo? What kind of home best suits your needs? Thing so consider include the level of privacy you require, outdoor space, condo amenities and associated fees.

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The Process

04

FIND A BUILDER
Do your research, call or email to arrange a time to meet with potential builders. If you don’t book an appointment and simply go to model home, you could end up waiting a long time to meet with someone and inevitably, there will just be another meeting scheduled for a later time to discuss in detail what it is that you’re looking for. Once you’ve narrowed down what builders you’re most interested in, call their references and review their rating with the Better Business Bureau.

 

05

CUSTOMIZE YOUR HOME & GET PRICING
Most builders offer a variety of finishing options. Upgrades in materials for flooring, counters, trim, etc, and additional features such as crown moulding, larger doors, windows and more. Sometimes it’s less expensive to have some of this work completed by yourself or others after you have moved in, however it’s certainly less disruptive to have it all completed at the time of construction.

 

06

PURCHASE THE PROPERTY & NEGOTIATE CLOSING TERMS
Once you’ve narrowed down a builder and home thats in line with your personal and financial needs, you a ready to make an offer. You will require an experience Realtor and/or Lawyer to navigate you through the legal specifications of your “Agreement of Purchase & Sale” that can be 50+ pages in legalese. Keep in mind there is almost always room for negotiation!

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