3 Things You Must Keep an Eye Out for When Buying a House

Jan, 12 2023

Buying a house is a major life decision and a significant investment. It's important to ensure that you're getting a good deal and that the house is right for you and your lifestyle. But, with so many things to consider, how can you tell a good purchase versus a bad one? Well, here are some things to look out for that'll help you decide:

 

The Price

To determine the type of property that fits within your budget, it is important to consider what you can afford to pay every month. You should not just look at the maximum amount you can borrow, but rather, you should decide on a monthly payment that you are comfortable with. Once you have determined this amount, you can search for the right property.

So, when buying a new home, be sure to do your research and compare prices of similar properties in the vicinity. Take into account different aspects such as local amenities, transport links and energy bills, so you can make an informed decision about what is the right price for you.

On that note, it is important to keep an eye on the current market value of properties in the area you are considering buying. If real estate prices have been rising, it might not be the best time to purchase a home. However, if prices have been relatively flat for some time, it could be a great opportunity to purchase a property before prices start to increase. Research affordable homes for sale in the area to find the perfect one for you.

 

The Property's Condition

Examine the house and any other structures on the property carefully to ensure there are no issues that could cause problems in the future. Look for signs of mould, lingering odours, walls that sound hollow, and possible pest infestations in appliances such as the dryer and dishwasher. Make sure to check all of these things before you make a purchase.

Additionally, ensure the toilet flushes properly, the temperature control systems (heating and cooling) are functioning, and the chimney above the fireplace is in good condition. Also, make sure to check the water pressure, test all appliances, and verify that the outbuilding has all the necessary permits.

If you aren't sure about anything, always feel free to ask questions to the seller. The more you know, the better!

 

The Surrounding Neighbourhood

Take some time to investigate the area around the home you're interested in. Does it have access to schools, stores and other services? Is the area prone to flooding? Is the noise level in the neighbourhood something you can handle? Being well-informed is vital when deciding to purchase a property. So, do your research and take your time to learn as much as you can about the area before committing to buying.

On top of that, it is important to get advice from a real estate agent and a mortgage broker who is familiar with the local housing market. Doing this will give you a better understanding of the worth of the property and whether or not the asking price is accurate.

 

Conclusion

The above are some of the most important things to consider when buying a home. Of course, don't ignore the other factors, such as the property's size, where the community is headed, and the like. The more you know about the property and its surrounding, the likelier it is you'll make the right decision and own your next dream home!

Chuck Murney is your go-to real estate partner that offers an incredible buying and selling experience. If you're looking for houses for sale in Parry Sound, work with us today.

Client Testimonials

Chuck was fantastic to work with! From attending our cottage inspection to connecting us with an awesome mortgage broker we needed to get the job done, he was there every step of the way to support us!

- Olivia Sabourin

Working with Chuck was a pleasure. He really pulled out all the stops to make sure we could put the deal together. He personally made sure all went smoothly for possession day. Would definitely work with Chuck again either buying or selling.

- Danielle Stewart

Karen and I have had several experiences with Chuck both buying and selling properties. He is always willing to give advice if asked, and always willing to be patient with us while we are deciding how to proceed. He has gone that extra mile with helping us in any way. This has also included offering to help us get our home ready to sell. We can not be more satisfied with his service and that is why we have had him help us with several real estate transactions. We wholeheartedly recommend him to potential buyers and sellers in our surrounding area.

- John & Karen Neary

I had the pleasure of working with Chuck to find a great starter home and enter the market. After our initial discussion it didn’t take Chuck long to find something perfect for me. He’s motivated, easy to work with, and a highly knowledgeable agent. In addition to finding a buyer or showing you a property, he provides great advice based on your desires. Highly recommended!

- Kevin Louch

Chuck helped us purchase a cottage property in 2020. My husband and I are extremely particular people. We provided Chuck had a detailed list of our exact wants, needs etc in a property to ensure we didn't waste our time looking a properties that didn't meet our needs. Chuck helped us secure the perfect property for us that met all the criteria and was a pleasure to deal with. He even offered months later to help us pick up a peddle boat with his trailer when I asked him for a recommendation for someone who could assist us. He is supportive throughout the sales process and continues to provide service after the fact. He lives and works in the community and I wouldn't hesitate to recommend Chuck to anyone needing his services.

- Jennifer Guberney

Super nice guy. No hard-selling and easy to like! As my husband would say, Chuck passes the beer & BBQ test! He also crawled around under the cottages along side my husband during our appointments. Chuck is knowledgable, and put us at ease immediately. We bought the second cottage property Chuck showed us. He is calm with a sense of urgency. Timely communication when you’re anxiously awaiting news of an offer! Our experience from start to finish was great!

- Stephanie Rood

Let's work together

Thinking of buying or selling? I'd love to make your real estate process as easy and enjoyable as possible.
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