First-Time Home Buyers in Oakville

What First-Time Home Buyers in Oakville Need to Know

You’re thinking about buying a new house. Before you sign on the dotted line, there are a number of important factors to consider. It’s likely your home will be your most significant investment, so it’s essential for first-time home buyers in Oakville to take the time to be informed and educated about the process.

Consider these factors before you buy:

• Location -- A three-bedroom, four-bath house is worth more or less, depending on the neighbourhood in which you would like to live. Do some research and look at different neighbourhoods to see if you and your family would be comfortable there. When children are in the picture, be sure to check out the quality of the schools nearby.

• Size of House -- You want to buy a house that’s big enough to meet your needs now and those of your family in the future. Figure out how many bedrooms and bathrooms you want before you start searching.

• Save Up Money for a Down Payment -- It’s important to have equity in your new house. A down payment -- even a small one -- gives you equity and reduces your risk.

Professional Help for Convenience & Advice

Now, it’s time to start looking for a new house. You can go it alone, or you can enlist the help of an experienced REALTOR®. A REALTOR® can save you a great deal of time, by connecting you to the size and style of house you want in a neighbourhood you like. These professionals know what’s available at what prices. Plus, a REALTOR® knows the home-buying process and can work with you in finding a great deal on a house you love.

Do Your House-Hunting Homework

When you find a house that you like, it’s time to do a little research. It’s always a good idea to know what’s going on in the neighbourhood, especially if there are plans to build or develop. Check the building plans to see what developments are planned for the future.

The research that comes with a home inspection is crucial for decision-making and negotiations. Of prime importance are repairs and renovations made to the house over the years. Look into the specifics, so you can be sure these were done properly and won’t cause you any trouble in the future.

Another issue to research is the first-time buyers’ tax credit. You may qualify, and the money you save can easily be invested into moving and improvements. For information about the tax credit and home buying in Oakville, you can ask the team at Wilma Fournier. This real estate firm has been helping people buy and sell houses in this neighbourhood for decades.