Deciding to Buy

Whether you are buying a home, cottage, vacant land, or an investment property, the process of buying begins by determining a price range that matches well with your financial situation. As a property owner, you may need to consider the cost of mortgage payments, as well as the ongoing living expenses and maintenance your property. Try to be realistic and honest with yourself about a price that will allow you to live comfortably without struggling to maintain financial stability.

Once you have decided on your price range, you can start your search by exploring neighbourhoods and areas where you would like to buy, and look within these for your ideal property. Start to think about the features you would like your property to have. Build a list of these features and narrow it down to what will best suit your lifestyle and price range. This will help to determine what kind of property you are looking for.

A single-family detached home is the most common type of dwelling in Sioux Lookout, and is attractive to many people because it typically provides more living space and property. Do you want a fenced yard, garage, fireplace, perhaps an extra bathroom or spare bedrooms? With these things in mind, a picture of what you are looking for will begin to appear in your mind, and you can begin the search for a home.

You may also wish to consider preparing for your future by purchasing an income property. Live in one part of your home and rent out the other, or purchase an investment property and let your tenants pay the mortgage and bills.

It may be that you want to start from scratch and build the house of your dreams, or find an old gem to polish and restore. Consider the costs of building or renovating when preparing your budget. Gina is experienced in these areas and can work with you to help you get financing for vacant land or amortizing the cost of renovations.

If you are already a homeowner and are considering the relaxing retreat of a cabin or cottage, the natural area surrounding Sioux Lookout is ideal for vacation properties and offers many opportunities for year-round recreational activities.

Whatever you choose, Gina is there for you to help make your dreams of being a property owner into reality.

Next: Considering the Costs