Buying your first home is a major milestone — and getting it right from the start makes all the difference. Here are five tips to help set you up for success:
1. Know What You Can Afford
Before you start house hunting, get a clear picture of your budget. Speak with a mortgage broker or lender to get pre-approved so you know your price range. It’ll also give your offer more weight when you find the right place.
2. Separate Needs from Wants
Figure out your must-haves — like number of bedrooms or easy access to transit — and your nice-to-haves, such as a finished basement or a big backyard. Your REALTOR® can help you focus on homes that fit both your lifestyle and your budget.
3. Pick the Right Neighbourhood
Think beyond the house — location matters. Consider proximity to work, schools, parks, and future growth potential. A local REALTOR® will know which areas match your needs now and offer good value down the road.
4. Work with a Trusted REALTOR®
Think of your REALTOR® as your guide and advocate throughout the process. From explaining market trends to handling bidding situations and paperwork, they’ve got your back. Choose someone with experience in the neighbourhoods and home types you’re interested in.
5. Budget for the Extras
There’s more to buying a home than just the purchase price. Be prepared for closing costs, a home inspection, insurance, and possible repairs. A good REALTOR® will help you plan for these expenses so there are no surprises.
Start Your Home Journey with Confidence
Buying your first home is more than just a transaction — it’s the beginning of a new chapter. With a trusted REALTOR® by your side, you’ll have expert advice, local market insight, and the support you need to make informed decisions from start to finish.
Whether you’re just setting your budget, exploring neighbourhoods, or ready to put in an offer, your REALTOR® will help you navigate every step with clarity and confidence.