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House-Buying Tips For The New Year

Realtor

With 2020 off to a flying start, it is time to think about investing in your future, and that means a new property. Buying a first, second, or third home, is the dream for many people. Unfortunately, a lot of people struggle when it comes to getting off to the right start. These tips for 2020 can help you! 

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Balancing the Art & Science of Property Buying 

When it comes to finding a home for sale in Calgary, there are plenty of options for you to choose from. Finding the right property though, is not as hard as you think, especially if you know the art and science behind it. 

The art is picking a property that fits in with your living requirements and suits your lifestyle choices. Is it close to the train, parks, and local attractions, or is it quiet and quaint like you like it? 

The science is focusing on the investment and numbers behind the property. Will it be valuable in the long-term? Will it cost a lot to renovate and will it increase in value over time? 

Balancing both these points can prove useful when it comes to deciding if you have found the right property for you to purchase in 2020. 

Clean Up Your Credit 

Your credit rating will have a massive impact when it comes to submitting a home loan. So if you know that you have bad credit, or that it isn’t as good as it should be, then now is the time to get it sorted. 

Take some time to bring it up to par before you start the pre-qualification process. From there, always check it and ensure that you are holding a steady rating, so you can apply for a loan easier than ever. 

Investing For The Future 

Purchasing a property is a numbers game. It is all about ensuring that your property is going to be worth it in the long-term. In layman’s terms, it means finding an estate that you can afford, and that can grow over the long-term. 

While that might be difficult to predict, it is no doubt simple to execute. You have to look at properties in certain areas where, if you do the right research and speak to the right Calgary realtor, will grow steadily over the years. Then, it is about investing in that property with the funds you have available and continue investing it in for years. Only then, can you expect a pay-off down the road. 

Build an Emergency Fund

Owning a home is expensive—much more costly than renting. You are responsible for all the maintenance and upkeep costs, in your home, which can be more expensive than you realize. 

It’s these little things that can add up fast. So before you think about buying a home, start saving an emergency fund alongside your mortgage savings. You’ll have plenty of cash ready to be used in case of an emergency, or even if you need it for your mortgage. Having these back-up funds can make a huge difference for you in the long-term. 

When it comes to your next Realtor, make the right choice. With Jesse Davies Team on your side, you’ll be worry and hassle-free. Contact us today and see how we can make your dream home a reality – any season!

https://jdrealestatecalgary.ca/ | 403-969-2363