Home Buying Checklist: A Fundamental Guide to Home Buying
The House You Want
□ Choose the location you want to live in.
□ Decide whether you will look at homes outside of this location.
□ Decide on the size of property you want the home to be on.
□ Choose between: move in ready, fixer-upper, or full renovation.
□ Determine number of rooms needed:
□ Spare rooms/ Bonus rooms/ Lofts
□ Do you need an in-law suite?
□ Decide on appliances you need the house to include:
□ Washing Machine and Dryer
□ Stove and Oven
□ Consider amenities that aren’t standard in older homes and their necessity:
□ Air Conditioner
□ Water Softener
□ Forced-Air Heating
The House You Can Afford
□ Calculate the amount you have saved for a down payment.
□ Calculate a rough estimate of what monthly mortgage you can afford.
□ Calculate your expenses outside of a home: car payments, student loans, groceries, ect.
□ Calculate what closing costs, home inspections, and moving will cost.
□ Ensure that your budget adds up, and leaves you with a positive number in the bank each month.
The House You’ll Buy
□ Contact a real estate team to get matched with the perfect real estate agent.
□ Discuss what you’ve determined in property and financial needs.
□ View multiple homes and consider options.
□ Have a full house inspection done on the property before finalizing the sale.
□ Reserve the help of a moving company, or vans and trucks for move in day.
□ Schedule installation technicians in advance for: internet, heating, hydro, and other needs.
With a firm understanding of these elements of the home buying process, you’ll be ready to find a perfect property. Contact us to discuss our home buying checklist further, and to get started on your house hunt today!