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Becoming an Educated Buyer

Your List of Home Requirements
Making sure you end up with the right home involves figuring out exactly what features you need, want and don't want in a home. Before starting your search, you should make a list to decide which features are absolutely essential, which are extras, if you happen to find them, and which are completely undesirable.

A good list should include the following considerations:
- Size of home: How many rooms will you need?
- Location: Do you need something close to downtown Halifax? Are you a student and need something close to Dalihousie University?
- Neighborhood: How safe is the neigborhood?
- Amenities: What do you need in your home? Remember some areas in Halifax do not have high-speed Internet and cable TV (in distant communities), so if these are important make sure they are available.

The more specific you can be about what you're looking for from the outset, the more effective your home search will be. Also keep in mind, that in the end, every home purchase is a compromise.

Further Information:
Planning Your Home Purchase
Checking Your Credit Rating
Pre-qualification and Pre-approval on a Mortgage
Becoming an Educated Buyer: Research Neighbourhoods
Becoming an Educated Buyer: Your List of Home Requirements
Assess Your Finances: Checklist
Assess Your Finances: Compare buying with renting
Assess Your Finances: Calculating the cost of homeownership
Assess Your Finances: What you can deduct
Interest Rates and How They Change
Closing Costs
Other Closing Costs
Figuring Out Your Monthly Income
Figuring Out Your Monthly Debt
Amount of Your Down Payment
How Much House Can You Afford?