One of the biggest accomplishments in life is becoming a homeowner, especially for a Regina first time home buyer. It’s an exciting and fulfilling chapter that also comes along with challenges and important factors that can’t be overlooked. Its important to not only work with a Regina Real Estate Professional when searching for your first home, but also to choose a someone who has a deep understanding of Regina & area homes and all the possible challenges that come along with them.
With that in mind, there are a few things that Regina first time home buyers should look at when its time to start house hunting.
Foundations
Regina has what we call “gumbo” soil. Over time, a homes foundation can accumulate issues in correlation to the soil problems we have. This can cause many issues such as concrete walls deflecting inwards, sinking footings and water intrusion. Our soil expands into the foundation when its wet and contracts away from the foundation when its dry, causing constant movement & pressure on and under the home.
Overspending
Most first-time home buyers spend years saving for their first home. This past year and a bit, with Covid-19 around, many young people have been able to save a down payment due to the fact they aren’t spending as much on entertainment, travel, etc. Buying a home is a great accomplishment in these tough times but an important factor to keep in mind is that when restrictions are lifted, and travel is abundant, you may still want to enjoy those luxuries so its important to budget accordingly for the future and not overspend on your home just because of the current phase you are in.
Too Picky
Need and want lists are usually long for first-time home buyers. Often, Regina first time home buyers aren’t too negotiable when it comes to their idea of what their first home looks like. Remember, your first home is often your short-term home. I like to encourage my clients to focus more on affordability so they can have even more money to available to go towards their dream home in 5-10 years.
Buying a piece of Regina Real Estate as a first-time home buyer is a huge achievement. These 3 factors are important to consider before signing those papers to ensure your home is right for you. If you have any questions or would like to further discuss what it takes to be a Regina first time home buyer, give me a call at 306-552-7047 or fill out my online contact form.
Kelsey Smith Is Regina’s Choice
Choosing the right Realtor® is key to ensure a positive and successful real estate transaction. Kelsey Smith promises to deliver the education and time necessary to buy or sell your Regina home. Call 1-306-552-7047 and rest easy knowing you have made the right choice.