Tips and Tricks for First-Time Home Buyers in Orleans

Orleans is a beautiful east end suburb in Ottawa where most people dream of owning a home. There’s nothing compared to having a place to call home, especially if it has a great location and the right features you’ve always wanted. Buying real estate in Orleans can be daunting, especially if it’s your first time. However, with the right guidance and preparation, you can make the process smooth and stress-free. In this blog post, we’ll share tips and tricks for first-time home buyers in Orleans.

1) Start with a budget:

Before you even start house hunting, determine your budget with your lender. Get pre-approved so you know exactly how much you can afford. This will help you narrow down your options and provide you with a clear idea of what you can realistically purchase. Be realistic when creating your budget and include other costs such as homeowner’s insurance, property taxes, land transfer tax and closing costs.

2) Work with a real estate agent:

Working with a professional real estate agent in Orleans such as Marc-Andre Perrier has its perks. Not only will they have access to the best houses in Orleans, but they’ll also have insight into the local real estate market. They will have access to exclusive listings that might be available to you. They can provide you with crucial information that can help you make informed decisions.

3) Find a reputable mortgage lender:

A good mortgage lender can make all the difference when buying real estate in Orleans. They can help you find the right mortgage product and provide you with valuable advice. Be sure to shop around and compare different lenders to find one that offers the best terms and rates. Mortgage brokers have access to way more lenders than your traditional bank, so it is always a good idea to get a second opinion.

4) Consider upsizing:

If you’re planning to start or expand your family, consider upsizing when buying real estate in Orleans. You can also consider buying a home with an extra room that you can convert to a home office or study area. This will give you more flexibility and long-term benefits. Think long-term if your budget allows it, this way you won’t have to sell in a few years for a bigger home.

5) Think about the future:

When buying real estate in Orleans, think about your future plans. Are you planning to stay in your new home for the long haul or do you plan to sell it in the next few years? This will influence your decision on the type of home, size, and location you’re looking for.

Buying real estate in Orleans is an exciting but overwhelming experience, especially for first-time home buyers. However, with the right preparation and guidance, you can make the process smooth and stress-free. Set a budget, work with a reputable real estate agent and mortgage lender, and think about your long-term plans. With these tips and tricks, you’ll be well on your way to owning your dream home in Orleans. Contact Marc-Andre Perrier, Realtor with Century 21 Action Power Team Ltd. to help you with your new home journey!