Important Steps in Homeownership
That you won’t want to overlook
Today’s home buyers often forget important steps to homeownership and rationalize the timing of their home purchase as: it just was the right time, they didn’t have too much choice and they were ready to buy. Unfortunately, falling into an active buy state without adequate planning in a passive one can result in impulsive buying and eventual fear-of-missing-out when other more desirable properties come up for sale. The traditional, old-school approach that starts with short supply as homeowners list their home on the open market perpetuates “grab-it-now,” impulsive behaviour and limits a buyer’s ability not only to plan, but also to stick with it.
Whether solo or with your partner, sitting down and creating a wishlist of target neighborhoods is an important first step in the planning process. Rulisting.com has a great Wishlist tool where you can add your personal neighborhood photos and write notes for future reference, plus you can record, far-in-the-future dream vacation or retirement neighborhoods on the go or as you are out exploring.
For couples, representing 66% of home purchasers, an important step in homeownership; deciding on target neighborhoods can be tricky, so it’s best to plan and agree together. You’ll quickly discover that needs and wants differ across cultures and generations. Some define neighborhoods based on spatial reasoning, others by proximity to geographic landmarks. And with RuListing.com, you aren’t confined by a map – create your own custom neighborhood. Younger generations prefer to live close enough to walk or bike to work. While GenX prefers to move within their current school district and baby boomers look beyond their current neighborhood with a desire to live closer to family or friends.
Here are important Steps to Homeownership to take and other neighborhood considerations:
1. Access to city services such as schooling, parks, water supply and electricity
2. Walkability or commute time to the city center and shopping.
3. Size and variety of available shopping stores.
4. Proximity to means that reduce travel time including quick access to main highways or public transit.
5. Noise factors including trains, highways and high traffic neighborhoods.
6. Environmental factors including smells, downwind distance to industrial manufacturers.
Create your neighborhood Wishlist and get to know the areas by driving around taking notes, adding photos, and recording any streets or properties of interest. Rulisting.com can take you to the next step of connecting with homeowners before it’s listed. Following your plan and sticking with it, is an important step to finding your perfect home.