Condominium investments in 2020 look appealing as the rental market has very little inventory and potential renters far out number the available Kelowna condos available !
Buying a new property can be extremely stressful and there are a lot of different things that you are going to want to learn about before committing to buying a house. We are going to are professionals and have a system to cover the best steps for buying a new home or condo. These steps focus on several categories, including the monetary expectations, locations, renovations, timing, inspections and much more.
The right time to buy is when you are ready, traditionally buyers look to buy a new home when interest rates are at their lowest. This would allow you to borrow a large amount of money towards a property mortgage without having to pay a high interest rate. The housing market constantly fluctuates but you should probably look to buy at the bottom of the housing market for the best value on your home purchase. Working with a Realtor can help guide you along the way
How to get Pre-Approved for a Mortgage?
The process of getting pre-approved for a mortgage can take anywhere from seven to 14 business days. You will need to have an impressive credit history to have the best opportunity for getting pre-approved. The approval process will require information about your income, assets, or net worth.
What are the Extra Costs in Buying?
The closing costs are by far the most expensive extra fees that you can expect to pay when buying a house. The percentage can vary but it typically ranges between 3% to 5% of the home value. Other extra costs could be related to home owners insurance, property taxes, legal fees or earnest money.
Size of Property
Selecting the right size for your property is important. You should always consider how many bedrooms and bathrooms you and/or your family require. Familyroom or outdoor space, the possibility of having a front yard, back yard, or side yard in addition to the overall size of the house.
Reasons to Get a Home Inspection
Home inspections are a great way to learn a more about the house that you want to buy. The inspector will point out structural problems, maintenance costs, and several other similar issues when getting a home inspection.
How Long do you Plan to Own this House or Condo?
The length of time that you plan on owning a house can play a significant role in several key categories. It is always important to try and plan out your future when spending a large amount of money on a housing payment.
How to Make an Offer on a Property
You are going to want to get in-touch with a local Kelowna real-estate agent. You can then evaluate your options and make an offer on the house. You will need to calculate all of your possible costs to come up with an estimated mortgage payment as well.
How to Find Out Information about the Neighborhood
The digital age makes it extremely simple to find reviews of varying cities and neighborhoods. There are tons of detailed reviews on the internet that talk about local restaurants, schools, safety, and businesses.
I love the neighbourhood and our neighbours. The area is completely residential and full of greenery. Every morning I go for a jog in the adjacent park and can breathe fresh air. It's far away from the busy roads, so there in no noise pollution.
Moving to Kelowna and getting to know the city has been a positive experience. I look forward to living here.
Are you looking to own a house that becomes the envy of your friends and family? Then look no further because this rare find is your answer.
4 Bed Rooms
4 Bath Rooms
4,586 sq. ft.
869 Hewetson Ave Kelowna, BC V1W 5C8