Define what is important to you
Winnipeg Realtor Blair Sonnichsen recommends that home buyers start by looking inwards. “Ask yourself a few questions: ‘What do I like to do?’, ‘What is my lifestyle?’, and ‘What amenities do I want to be close to?’”
Blair’s suggested priorities
Once you know the lifestyle you want, determine how much it is going to cost to get a home that allows you to live how you want, and then choose a neighbourhood that meets your needs. “Buyers should be shopping by lifestyle, price, and location – in that order,” Sonnichsen says.
Choose the type of home
Are you looking to purchase a single-family detached home, a side-by-side or a condominium? Knowing what type of home you are open to is important, as there are different considerations with each. Learn how purchasing a condo differs from purchasing a house.
Age of the neighbourhood & home
It can be exciting to move into a freshly built home in a new subdivision. A new home is move- in ready, and you won’t need to worry about home improvements and renovations. For many, it’s a great fit, but there are some important things to keep in mind.
In newer communities, amenities such as schools, recreation facilities, libraries and public transportation may not be in place yet. This means you would need to rely on a vehicle to drive to these amenities, and children may need to travel outside your neighbourhood to go to school.
On the contrary, a more mature community will have many amenities in place and close by but there are other challenges to consider. An older home might need upgrades or repairs, which will add costs over and above the purchase price. You also need to either do this work yourself, or hire professionals.
Knowing what type of home you are open to is important, as there are different considerations with each.
Instead of buying new, consider a purchase plus improvements mortgage, which will allow you to buy a fixer-upper and turn it into the home of your dreams.
Pick your top neighbourhoods
When buying your home, you are probably planning on living there for a while, so it is important to understand what is available around you. Buying a home without looking into schools, shopping centres, recreational facilities and public transportation is a mistake many first time home buyers make. This mistake can be costly – both financially and in terms of the impact it has on your lifestyle.
Before long, the neighbourhood you choose will be your community so make note of your lifestyle, prioritize what you’re looking for in a community and explore local neighbourhoods you are interested in. To help with this Cambrian has compiled a bit of history, and information about the neighbourhoods in Winnipeg and Selkirk. Explore the Winnipeg neighbourhoods where we live and work.