Are you shopping for a property? Here are a few things to look for.
Features of your future home
You should determine exactly what features your new home should have in order to respond to your needs, as well as the neighbourhood in which you want to live. Another important point to consider: all housing market factors impact the purchase of a home. The local CMHC office can help you with this and assist in determining the mortgage rates and prices of houses as well as other important indicators that will help you to choose the right time to buy.
Things to look for when you visit a house
Does the street noise meet your level of tolerance? Is there a bus stop nearby or heavy truck passage? Open the windows, go out on the balcony and take note of the setting… Do you think it’s a noisy environment? Is there a corner store, bar or restaurant nearby? Do the walls seem soundproof?
Odours and Humidity.
Are there any specific odours? Can you see signs of excessive humidity (washrooms, baseboards, under sinks and elsewhere)? Do you see mould under windows or on the walls? Can you smell humidity or mildew? Are there signs of seepage? Does the toilet tank leak?
Is there a ventilation system in the kitchen and bathroom? Does the ventilation system vent outdoors? Are the ventilation grates clean? Is the ventilation system too noisy? Is there an outdoor connection for the dryer?
Maintenance and renovation.
Is the paint recent? Are the windows in good condition? Do they open properly? Do you think they will be easy to maintain? Have there been any recent renovations?
Natural light and storage.
Is there enough daylight? Is there enough storage?
Does this house correspond to your family's health requirements? … for example, is the floor covering unsuitable to someone who is allergic?
An important intermediary.
Choose a competent real estate broker that will listen to your needs. A good broker will make a pre-selection of properties and will save you a lot of time.
For more information on purchasing a home, talk to your broker. You can also call the Canada Mortgage and Housing Corporation at 1-800-668-2642.
Buying a home is a real challenge. It is also without a doubt the biggest purchase of your life. But if you know how to go about it and you get good advice, it can be a stimulating and enriching experience… especially on the date you take possession.