Things to think about when buying a home

[MisterQuebec]

Very enlightning video. I like it when he said to forget about superficial factors like carpets, painting, decoration, etc. Most importantly is to look at permanent elements like location and structural integrity. I can't imagine putting a lot of money on a house just discover later that the walls or floor need an urgent fixing that will cost thousands of dollars.

[LouisianaKid08]

i concur with everything you said in your statement

[LouisianaKid08]

i really needed this, i'm looking 2 buy a home in the next few years, thanks

[MisterQuebec]

Did you buy your house? It's very exciting!

[LouisianaKid08]

not yet, i'm still saving for it.

[MisterQuebec]

I wish you the best in your search. I'm looking at my financials (debt sheet and budget), and it looks good. However, I will need a second job, part-time, to realize my dream. I live in Toronto, so the houses are very expensive. I'm thinking about sharing my apartment, live on a shoestring for five years, move out to a little town, and buy a house there where I work only part-time for the rest of my life.

[LouisianaKid08]

thank you for your kind words. I find myself in a similar situation. I think that in order to get the home i want and to maintain it i'm going to have to get a second job as well, which is fine so long as I get what i want.

[MisterQuebec]

I'm a bit worried about the economy. Let's say I buy a house now, and I lose my job next week... That's why I would prefer keeping renting an apartment and save up the money in a saving account until I get like the half or more of the value of a house. Of course, the money on the apartment is money I will never see again.

[MisterQuebec]

I'm pretty settled on what I'm gonna do. I will save up $25000 within the next two years -or less I hope, in a RRSP. The canadian government lets you take out up to $25000 of it, without any penalty, to purchase a house. All they're asking you is to put back whatever amount you took out in the RRSP within 15 years.

[KirillRealtor]

good job

[andavitdatu1]

Thanks a lot!May you be blessed!