A luxurious duplex, a mansion with lush green lawn, a well-furnished 2bhk apartment; everyone has their own idea of a dream home.
You too: at some point in life must’ve daydreamed about what your house will look like.
Markham, the vibrant city of Ontario which boasts rolling hills and numerous cultural sights is a hub where old meets the new. It has everything from sleek skyscrapers to 19th-century vintage homes.
Additionally, Markham is considered to be 86% safer than other cities in Canada, which makes it an ideal destination to buy your dream house.
Living in the Magical city of Markham in your own dream house might sound extremely alluring. But the process to get there: isn’t really simple.
Markham is in high demand, which is prominent to the fact that it hosts a beautiful community, has a rich and varied history, lively suburban neighborhoods, gorgeous landscapes and offers innumerable opportunities.
Since it is constantly developing and getting urbanized, the housing market in Markham is extremely desirable. However, the competition keeps rising day by day, which makes the dream of homeownership in Markham a herculean task!
The process of home-buying can be really daunting but fret not! Here we have enlisted a few steps that will help you carry out the procedure smoothly.
Table of Contents
1. Visualize Your Dream Home
Having a clear idea of what you truly desire is highly essential when you are entering the market of real estate.
With tons of options available in the market, you can easily get baffled and choose the house you never really wanted.
Most people want the ownership of their dream house but not everyone is able to visualize it.
When you have a distinct idea of features you desperately want and features you can compromise on; you can navigate and simplify your search. Visualization of your dream home could incorporate the following postulates-
Location and neighborhood- You might want a house in a prime location with bustling streets and close proximity to every urban service or you might be looking for a serene and laid-back lifestyle in an area that offers a rustic feel.
Kind of home- Markham has a variety of homes that you can choose from. This includes flats, townhomes, condos, and semi-detached homes.
Think about the number of people who will accommodate the house- your family, close relatives etc. So, you can figure out the number of rooms, type of rooms, balcony, and bathrooms you need.
Choose the kind of house that will be able to grasp the features you want and reflect your dream home.
Facilities and amenities- Visualize the facilities and amenities you want. Do you need close proximity to schools, malls, or corporate hubs?
Think about the facilities you want; this could be a pool, a lawn, garage, gym and so on.
Once you document the must-haves in your dream house; your search will be crisp and precise, which will save you lots of time and effort.
2. Build Up Credit and Arrange Finances
Once you have a fair idea of your requirements, you can begin arranging funds to buy your dream house. For this, you need to analyze your financial establishment.
Figure out how much you can spend. There is a high chance you will go for a mortgage; for which you need to maintain a stellar credit score.
It’s always a good idea to get a pre-approval of a mortgage since you will know what you can afford and it will also present you as a genuine and truly interested buyer.
Get all the financial debts and issues cleared out so it simplifies the process of acquiring a mortgage. Remember!
The credit score and mortgage amount you receive are directly proportional; so, if you want a big-fat loan; make sure your credit score is high enough.
3. House Hunting
Once you know your budget and what you are looking for, you can begin the prime step of buying a house; House hunting.
You can start by looking for online listings. Taking the help of a realtor is greatly recommended since Markham is spread across an area of 210.93 km2 with over 40 neighborhoods.
Finding your dream house in such a widespread area is not only difficult but also very time-consuming. When you work with a realtor; they will find you the most relevant area that suits your requirements; thereby streamlining the process of buying your dream house.
Since realtors know the local area, they will be instantly updated on the recent listings and get you access to those before they are sold out.
4. Narrow Down the Choices and Seal the Deal!
Once you have visited a significant number of properties, you can fixate on the one that resembles your dream house the most. If the house is a resale property, make sure you get a thorough inspection done. What next?
Negotiate with the seller by taking the help of your realtor, get done with all the paperwork and seal the deal!
Markham offers everything that you can ask for due to which the realty market at Markham is expected to rise at an exponential pace. So, seize your dream home while you can!