Home Buyers Checklist

The Home Buyer's Check-List

Check zoning, building regulations and municipal plans for the area. They may affect any plans you may have for additions or renovations. Estimate the resale potential of the house. This is an important consideration, especially if you may need to relocate again soon.

Drive through the area and evaluate the level of essential services. Check transportation and shopping facilities. Look at the proximity and types of schools in the area.

Carefully examine all aspects of the house's construction, including plumbing, wiring and foundation walls. Bring along an expert if you feel unable to assess these properly. We have seen more and more clients exercising a house inspection company to look at the home in detail. Ask your realtor for the name of a reputable firm. Costs vary but are in the $300. range and the inspection provides a level of comfort which can be well worth the cost.

Try to determine what repairs you may be faced with over the coming years. Check the condition of the roof, capacity of electrical services, age of furnace and driveway paving. If you think your space needs may change, look for renovation potential - size of lot, exposure, room layout and so on.

Consider all expenditures you may have to make over and above actual purchase cost; repairs, furniture, landscaping, renovations, decorating and moving.

Be prepared for unexpected costs such as legal and survey costs, appraisal fees, land transfer tax and be aware of increased monthly costs like water, gas and electricity bills, especially when moving into a larger home.
For Further Information 

Call us today to get started with a Mortgage Solution that fits your lifestyle, 
Telephone (416)855-5952.

Bob Patel, AMP,
Aug 31, 2012, 12:25 PM