Top 5 Tips For First-Time Home Buyers
The exciting new community of Southpoint in Airdrie, Alberta is the ideal place for first-time home buyers to settle down. Buying your first home is a daunting task, but with a few helpful tips, you will be move-in ready in no time!
Set a Budget
The number one tip before you buy your first home is to create a realistic budget. It’s beneficial to sit down with a financial advisor to help explore your options and create a concrete plan. This plan will help ease your mind and give you a better idea of where you should be looking to purchase your new home.
The next step is to get pre-approved for a mortgage. This step is where having a manageable budget is important because you will most likely get pre-approved for a mortgage that is higher than your budget. Knowing your financial boundaries will help resist the temptation to spend outside of your limits.
The Price is Right
Now that a budget is set, you can start looking for your dream home within your price range! At Southpoint, homes start at the mid-$300’s – there is truly something for every lifestyle and budget. Register for more pricing information as it becomes available.
As a first-time home buyer, it’s wise to look for up-and-coming neighbourhoods that support a strong sense of community. These newer communities on the outskirts of major cities are often more affordable and act as a hub for fellow first-time home buyers. Airdrie is only 30 minutes from downtown Calgary, making the town desirable to plant family roots without sacrificing the perks of the big city.
Get in Early
The last home buying tip is to get in early. There are many benefits to being one of the first to purchase at a new development, including having first choice. Southpoint will be composed of a variety of housing styles and prices, so by getting in early, you can choose the one best suited for your lifestyle and budget. Buying early also allows you to build equity before your new house is built and to save up money for future mortgage payments.
If you’re looking to get into the market and finally call a place your own, register for Southpoint today!