Both seasoned homeowners and first-time buyers know making the decision to purchase a new home is not one that is taken lightly. There are so many things to consider — from choosing a new home in Collingwood Ontario with growth potential to finding a community to support your interests and lifestyle. While the decisions may seem endless, do not be discouraged. Develop a strategic approach to buying a home with my definitive guide to selecting a home and property in Collingwood that will suit a growing family’s needs. Use this guide, along with advice from a trusted Collingwood real estate professional like myself, to get you started on the path to home ownership.
Look for a Neighbourhood within a Neighbourhood with Growth Potential
Choosing the right location is one of the most grappled with decisions when it comes to buying a home. While some home-buyers aspire to “keep up with the Joneses,” purchasing a home in the “trendy” neighbourhood of the moment, savvy home-buyers know the best bargains can be found in “up-and-coming” neighbourhoods. Skip the higher property values and congestion and search for a home in an unincorporated area with growth potential. This might require driving a few extra blocks for that morning Starbucks coffee, but this will easily be overlooked once that community grows (and your home value with it).
Unfinished Basements are your Friend
Sure, most home-buyers cringe when they enter the sometimes scary, always dark and lonely, unfinished basement. But the savvy home-buyer knows unfinished basements are their friend — here are a few basic renovation ideas that can take the space from ghastly to Great Room.
Choose a Home with Income Potential
While the average buyer is interested in a single-family home; do not discount homes with basement apartments or mother-in-law suites. These types of home configurations can lead to significant income potential and can help to offset the cost of monthly mortgage payments. Income potential does not just include garage apartments and mother-in-law suites; it encompasses open space as well. Build a duplex or a guesthouse on extra land for a significant return on investment.
Think Long-Term When Choosing Schools
When choosing schools, think macro not micro. Remember to evaluate school districts at all levels — elementary, middle and high schools. Do not choose a community based on the elementary school, if the middle and high schools are not as impressive. A young child might be an elementary school student upon purchasing the home, but will matriculate through the school district during the course of a 30-year mortgage. Be sure to select a home in a community with a school district that can support youngsters at every level.For more information about finding a home in Collingwood for a growing family, contact myself — I am a knowledgeable professional who can serve as a trusted source as you build your future through home ownership.