When you dream of your dream home, what do you see? Each of us has a vision of what it will be but getting as close to that vision as possible is a practical, step-by-step process that begins with finding a REALTOR®. A REALTOR® is your best ally throughout the home buying process. He or she can provide expert advice and help you determine how much you can afford, what kind of home you can buy in that price range, and where it may be located.

You’ve no doubt heard the phrase: location, location, location. That is because it is the most important factor in making any real estate purchase. To find the right location you must think of where you want to live both in broader terms and in more detail. First, what type of area do you want to live in?

Urban: Urban communities offer the broadest range of housing types, but generally at higher prices than similar-sized homes in non-urban locations.

Suburban: The suburbs are typically made up of newer neighborhoods, schools and shopping centers. Prices may or may not be lower than those of the central city, but you often get more square footage, larger rooms, and bigger lots.

Smaller towns and cities: A slower-paced lifestyle and lower taxes and housing prices are often big draws to Ontario’s smaller communities. There are fewer types of homes available and the number for sale could be limited.

Rural: A stream flowing over a few acres sounds appealing and your housing budget will often buy
you more in a rural setting than any alternative above.

Features

Once you have considered the broader location options above, it’s time to think about the features you need and want in a home. Prepare a shopping list. How many bedrooms and bathrooms? One or two-car garage? Large backyard or small? List the features you are looking for as needs or wants.

Comparing homes and locations

Now you want to match the type of home you would like with the location. Start reading the real estate ads in local newspapers and REALTOR®-produced publications. These ads will give you an idea of the communities that best match your criteria for home and location. Drive through the communities that are likely candidates.

Check out the types of homes available, how well the neighborhoods are maintained, the availability of schools and shopping, recreational and religious facilities. Be aware of drawbacks: highway noise, train tracks, airports, and large industrial centers. Drive through the neighborhoods at different times of the day.

Attend open houses in the areas you are exploring. You will begin to understand which best suits your needs and which are in your price range.

You will find the services of a REALTOR® invaluable in helping you locate the home that’s right for
you