For first time buyers in the Calgary real estate market: some tips and other useful information - Part 1
As Calgary Real Estate continues to show signs of improvement, many first time buyers might consider investing now in the hope of beating a price increase. However, buying a first home anywhere is daunting enough without the added pressure of trying to ‘beat the market’, especially for those individuals who have little to no experience within the Calgary real estate market. In this entry, the first of three offering tips and advice to first time home buyers, we will remind you about the importance in picking a location (it is amazing how frequently we all are susceptible to ‘falling in love’ with a house and not heeding even the most common sense advice!).
For as many reasons as there are people, first time home buyers will be drawn to particular neighborhoods; some might love the energy of downtown Calgary, while some will prefer the tranquility of the suburbs. In the end, it doesn’t matter where your preferences lead you, some basic research is critical to finding not just the right house but the right location in the Calgary real estate market.
Start with a simple walk around your desired area in order to familiarize yourself with it; go more than once and at different times of the day or early evening – you will get a great feel for the ‘life’ of the community or area, its amenities, services (transit etc) and shops as well as a sense of safety (or lack thereof).
Since owning a home is normally a long term commitment, thinking long term is important. Even in those cases when it isn’t a home you plan to live in for 20 years, any potential purchasers of your home down the road will be thinking long term, so it is a good idea if you do it in the first place. Thinking about things like the quality of schools could be a factor that might not be important presently, but a few years down the road it might be. Also do a little digging into city/town/policing records which are all public: looking at crime statistics for the area might be a good idea, even learning about planned construction and other future changes could be worth it.
Also, don’t forget that more exposure to Calgary real estate – and I mean more neighborhoods and more open houses - is the best advice I can give to make sure you have the best insight into the workings of the Calgary Real estate market and ultimately make a solid decision.
Once you have amassed all the relevant information, it should give you a clear picture of the neighborhood, and a sense clarity and confidence when thinking about buying into it. It is also quite possible that even after all this research, you might still be on the fence about a location. Well, don’t forget about your Calgary REALTOR (the Calgary Real Estate Board has some great resources too) as a source of help and guidance, especially one that is specialized to your market, as we can provide invaluable insight into market trends and overall neighborhood vitality.
If you're looking to sell or buy, do not hesitate to contact us.
We are prepared to work hard ensuring that your needs are met and that the result is more than you were hoping for. Nothing gives us more pleasure than your success and being with you through major life changes.