So you want to buy a new house? You have found your ideal location, found a builder whose houses you love and then you realize that you can’t afford that 2,000 square foot house that you really want. What do you do? Is this location the one and only? Is it near your family, friends, stores and restaurants, and those are your must haves? Is there a 2,000 square foot house in a different location that meets all of your requirements including price, but it is too far from where you want to be? Now you have to make that all important decision.
You have a few choices. You can consider buying a smaller house in the location that you love. Remember, bigger isn’t necessarily better. A smaller house can also have all of the amenities that you want contained in smaller square footage. This can also be your stepping stone to that bigger house you want in the future. Sometimes you just have to start smaller and work your way up. Or, you can make that decision to buy that 2,000 square foot home in the other location, and make your mind up that, although you are living further away from your family, you can still visit each other. You can decide to give another neighbourhood a chance, and possibly end up loving it. This could be a new adventure.
What ever you decide, remember that buying real estate is an investment so even if you do decide to buy in the alternate neighbourhood, you can eventually sell your house and move back to the location that you want to live in.
The main thing is, you have gotten into the real estate market and that is a good thing.
If you do buy from a builder, here is my guest blog on BuzzBuzzHomehttp://blog.buzzbuzzhome.com/2011/09/happy-homeowner-tip-sheet-what-you-need.html . It will give you an idea of what you will need to know. You can also check out my website at www.dfconsultants.ca to learn more about how I can help you after you have purchased you new home. Good luck!