6 Things to Know before you buy your first home
You’ve decided you want to be a homeowner and that now is the best time to do it. Congratulations are in order!
Buying a house is very exciting and you’ve probably dreamed of this moment for some time now, but you don’t have to feel like you need to rush it. Moving into the perfect house is more important than moving in next week. So if you are a first time home buyer, here are some tips.
Here are 6 things I think you need to know before buying your first home in Winnipeg:
- Buying a home is a big commitment
Buying a property is a large investment, probably the largest you’ll ever make. So if you do decide to purchase a home, you should plan to own it for at least several years.
Buy a house you can picture yourself living in for years to come and that fits your plans for the future. More kids, maybe?
- The location is just as important as the price
And Winnipeg is a great location, especially if you’re a first time home buyer. Named one of the top 21 “Smart Cities” in the world, it’s the eighth largest city in Canada, has a boosting economy and hosts some of Canada’s biggest events all year long!
Also, there are a lot of great real estate deals to meet all your expectations.
- You’re not just buying a house
You’re not just buying a building, you are choosing a lifestyle. That’s why buying your first home in Winnipeg is a great idea. Not many cities in the world are as vibrant or have as many beautiful parks as Winnipeg. Because this city has a lot to offer, it might actually change your lifestyle for the better.
- You can just walk away from a deal
Winnipeg is filled with beautiful houses, so you might have some trouble deciding. You might think one house is perfect, be close to signing the paperwork and then change your mind. It’s OK!
Until your signature is on those papers, you can always change your mind if you feel like a house is not fit to be your home.
- Owning a home involves further maintenance costs
Each year, about 2% of the value of your home will go into maintenance costs. A bigger house equals bigger maintenance costs. This is an important aspect you should consider before closing the deal on your first home in Winnipeg
- Your agent matters
A lot, actually. A good agent will listen to what you have to say. It’s important to find somebody you can trust, somebody who listens to you and puts your needs first.
My experience and my knowledge allow me to think that I could not only be the agent you want, but also the agent you need.
I Can Help You Buy Your First Home in Winnipeg!
Buying your first home is a big step. There’s a lot to consider. If you need more information about it, I wrote another article a while back you might want to read.
But if you’re interested in buying a home in Winnipeg and want an agent who is knowledgeable in the field of home buyer representation, I’m your guy!
We can start with a Free 45-minute Home Buyer Consultation and take it from there!
Also, if you have any thoughts or questions you need answers to, I’d love to hear from you. Use the comment section below to start a conversation.
If you’re looking into buying a condo or a house, check this link.
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i believe when choosing a house to build your families with there are lots of things to consider, the accessibility of the place, if it is on the budget, what they offers. and as far as i see winnipeg is one of the best choice.
Does it really make sense for me to buy a home if I’m only planning on staying there for only about 5 years?
Thanks for these great pointers on buying first home in winnepeg. I particularly like “3. You can just walk away from a deal”. This is a critical piece of advice because many people feel pressured to go ahead and go through with a deal even though they might have doubts. Realizing that the deal is never sealed until you sign on the dotted line is a great relief!
Great post, are the property taxes high in Winnipeg? This is what I’m wondering about.
The property taxes would NOT be high, if they would not include school taxes on the property tax bill. Other provinces raise the school tax money via other means, but in Winnipeg, it’s on the property tax bill which isnt really fair.
Winnipeg sounds like a beautiful place to live. Perhaps I will speak to my husband about the possibility of looking into a place there.
You have a very relevant point when you say that your realty agent is of great importance. I have seen people try to buy their first home without an agent and suffer greatly because of it. “For Sale By Owner” my seem like an exciting sign to see, but it’s important not to let yourself get taken advantage of.
Winnipeg sounds like a great location to purchase a home. Wonder why it’s named one of the top 21 “Smart Cities” in the world. Are there a lot of college grads there or something?
This is the most exciting part of starting a family. Buying your own home should really be wise and careful.
You sound like a very knowledgeable and share a lot of great information about home buying on your blog. I am looking into purchasing a home in Winnipeg over the next year and will definitely consult with your first!
These are great aspects to buying a home. You are so right, it is a great commitment…perhaps one of the biggest financial commitments many will ever make.