Prioritizing Your First Home Wish List in Calgary

First home CalgaryAre you preparing to buy your first home in Calgary? Becoming a homeowner is an exciting milestone, but it's also a multifaceted process that can be overwhelming for some buyers. We want to help you enjoy your house hunting and home buying journey, beginning with this post about what you should look for in homes for sale in Calgary.

Your first home likely won't be your dream home or forever home, but it can be something that meets all your needs and is a place you love to call your own. Contact us any time to learn more about the real estate market in Calgary, where to turn for your first mortgage, or any other questions you may have. 

A great place to start is making a list of what you are looking for in your first home. These are some things to keep in mind as you prioritize your wish list to prepare for confident decision making in the house hunting process. 

Identifying the Right Location

Just as important as the home itself is the location of it. Calgary boasts a variety of neighbourhoods, each with its unique charm and amenities. Prioritize the location that aligns with your lifestyle and preferences.

Consider proximity to work, schools, public transportation, and essential services. You will also want to consider your future plans that may impact the location you choose, like growing your family and needing school, career changes to a different location, or any goals you may have.  

Research crime rates, school ratings, and community atmosphere to ensure the neighborhood suits your needs. Calgary offers options ranging from bustling urban districts to family-friendly suburbs, so identifying your ideal location will significantly narrow down your search and enhance your overall satisfaction with your new home.

Look at Future Growth

As a first-time buyer, it's essential to think long-term. Investigate the future growth and development plans for the areas you're interested in. Calgary is a city that continues to evolve, and areas undergoing revitalization may present excellent investment opportunities.

Look into the city's development plans, upcoming infrastructure projects, and potential for increased property values. A forward-thinking approach to your house hunting process can ensure that your investment remains sound and appreciates over time. While Calgary as a whole is a growing market with great investment opportunity, you may find that an up and coming area is the best fit for your needs. 

Pay Attention to the Property Inspection

Before making any decisions, prioritize a thorough inspection of the properties you are interested in. We will help you include an inspection contingency in your offer so that you can back out of a deal without penalty if the inspection reveals a major issue.

It is always a good idea to hire a qualified home inspector to assess the structural integrity, electrical systems, plumbing, and overall condition of the home. In Calgary's diverse climate, it's especially crucial to inspect for factors such as insulation and the integrity of the roof, ensuring your new home can withstand the city's varying weather conditions. Identifying potential issues early on can save you from unexpected expenses down the road. Of course this makes sense in any purchase, but especially when buying your first home as you are working to set yourself up for financial success with homeownership.

Keep Resale Value in Mind from the Beginning

While your first home may be a place you envision living in for years to come, it's wise to consider its resale value. Prioritize features and characteristics that appeal to a broad range of potential buyers, potentially passing on properties that are overly quirky or unique even if you really like them.

Keep an eye out for homes in neighborhoods with a history of steady appreciation, as this can enhance the future marketability of your property. Features such as updated kitchens, energy-efficient upgrades, and well-maintained landscaping can contribute to a higher resale value and a smoother transition if you decide to move in the future. If the home you are considering does not have these features, consider whether you might be willing and able to renovate to add them to the home before selling it.

Personal Must-Haves

Finally, make sure you are clear about your personal must-haves in the home. As you begin house hunting, it can become difficult to make a confident decision when you see multiple homes that all seem like they would work for you, or because no home is totally perfect. In either case, a list of the features you absolutely must have in a home can be a helpful guiding factor. 

This list might include things like the number of bedrooms and bathrooms you need, space for a pet, a home office that will work for your specific job, or updated bathrooms and kitchen. Don't get too carried away with your list, making it long and detailed with everything you would like to have in the home. Boil it down to your essentials and top priorities so that you will know the right home when you see it. 

Ready to begin the search for your first home in Calgary? Contact us any time. 

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