TOP 5 TIPS FOR A FIRST TIME HOME BUYER IN EDMONTON, AB

As a first-time home buyer, there are a few key things you'll want to consider to ensure you find the right home for you. Here are the top 5 things to consider:

  1. Affordability: Before you start looking for homes, it's important to know how much you can afford to spend on a home. This will help you narrow down your search and ensure that you're looking at homes that are within your budget. Be sure to factor in all of your expenses, including mortgage payments, property taxes, and insurance, as well as any other monthly bills you may have.
  2. Location: Think about what location is most important to you. Do you want to be close to work, schools, or public transportation? Are you looking for a more established neighborhood or a newer development? Consider the pros and cons of different areas to help narrow down your search.
  3. Size and layout: Consider how much space you'll need, both now and in the future. Do you need a certain number of bedrooms or bathrooms? Are you looking for a certain layout, such as an open concept kitchen and living room? These factors can help you narrow down your search and ensure that you find a home that meets your needs.
  4. Condition: Look for a home that is in good condition and will require minimal repairs or updates. While fixer-uppers can be a good deal, they can also be more expensive and time-consuming to fix up. Consider whether you're willing and able to take on a renovation project, or if you'd prefer to find a home that is move-in ready.
  5. Future resale value: While you may not be thinking about selling your home right now, it's important to consider the resale value of the home you're considering. Look for homes in desirable neighborhoods and with features that are likely to appeal to future buyers, such as updated kitchens and bathrooms. This can help ensure that you get a good return on your investment if you do decide to sell in the future.
Overall, being a first-time home buyer can be an exciting and rewarding experience. By considering these key factors, you'll be well on your way to finding the perfect home for you.

BONUS TIP: Back to topic #1, consider partnering with a mortgage broker who can shop around different lenders and find the best rate and overall mortgage for you and your goals. It is also key to partner with a local REALTOR for the area(s) you are considering. Lean on their knowledge and experience to avoid potential headaches.

Cheers!
Adam Wilson | RE/MAX Preferred Choice
4 - 16 Nelson Drive,Spruce Grove, AB, T7X 3X3
780-887-2162 | adamwilson@remax.net | @wilsonyegre