Buying a new home is one of the best examples of declaring a new beginning. Not only does it signal a shift from what you are leaving behind, but it gives you a chance to make a mark on what you are heading to. Whether you are a first time home buyer or a veteran house flipper, finding that perfect dwelling is always a fantastic feeling.
The Toronto real estate market provides significant challenges for buyers of all stripes. Given the city’s red-hot property sector and the price tags that most homes in the city boast, it is no wonder that preparing to enter the home ownership market requires forethought, discipline and a lot of careful planning. However, it is not a challenge that is insurmountable and so thousands of homebuyers close on their next residence every year.
Moving can be an emotional time for all parties involved. If you are a first time homebuyer then the feeling of owning your own place is definitely heady and sometimes overwhelming. If you are transitioning to a larger home, then you can experience the joy of moving up in the property game; in either scenario you are leaving one way of life behind and starting a new one. These new beginnings can be fraught with anxiety over moving costs, notarial fees, taxes and other ancillary elements involved in home ownership, but it also includes such happy moments as getting the keys in your hands for the first time and entering the house as the new owner, choosing the paint palate you want and dressing the windows with your favorite treatments. A new home is a chance to start all over; to really imprint your design ideas and stylistic vision to a property.
With the old year coming to a close and a new one just around the corner, if you were thinking about purchasing or selling your home, now is the time to start getting your financial house in order so that you know exactly how much you can afford to spend on a mortgage. In the New Year, we will discuss how to put together a proper budget so that you can most accurately forecast just how well you can afford to live with the fixed expenses that a home and mortgage entail.
Starting anew is always a fun yet intimidating experience than can be made less so with simple preparation. We look forward to helping you start your New Year off on the path that will lead straight into the home of your dreams.
