One Stop Mortgage Corp Blog

3 Things a New Home May Require You to Compromise On

May 15, 2015

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If you’re looking for a new home this spring, chances are something wasn’t quite right with your old home.

Makes sense, right?

Maybe you didn’t have enough space for your growing family. Perhaps you had too much space because your kids are moving out. Or it could just be that you didn’t like the area in which you were living.

Sometimes, big changes in our lives force us to face reality and move somewhere that’s more suitable.

With that in mind, here are three areas you might need to compromise on as you search for your next home base.

 

1. Location

In most cities moving further away from the downtown core means a bigger bang for your buck. Vancouver, Edmonton and Calgary are no exception to this rule.

Potential compromises: central location vs square footage.

 

2. Number of Rooms

Keeping your budget in mind, you might have to sacrifice certain in-house amenities if you don’t want to break the bank.

Potential compromises: number of bathrooms, number of rooms, outdoor space

 

3. Amenities

There are fantastic neighbourhoods dotting every major cityscape in western Canada. No matter what you need you’re bound to find an area chock-full of grocery stores, schools and hospitals. However, close proximity to amenities usually precedes a price-hike.

Potential compromises: public transit, public spaces, entertainment

 

Set Your Priorities

House-hunting is exciting. House or condo? Downtown or rural? These are all important decisions when it comes to finding a next step that’s more your style than the last. Ironically, finding the perfect home might require you to bend a little bit, but if you’re willing to do that then the possibilities will really open up.

Ready to start looking? Call us for mortgage answers ->

 

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