Latest statistics say that a significantly large number of first-time property buyers are the millennials, and there is barely any room for doubt or ambiguity, as the Canadians who were born between the eighties and mid-nineties now account for a full 77% of first-time property owners.
Here are the most vital tips for first-time home buyers in Surrey (or wherever you may reside in Canada at present).
- Prioritize your hunt for a house or condominium
April happens to be the hottest month for property transactions and as a first-time home buyer in Surrey (or whatever the place may be applicable), if you are to buy your dream home this spring, the time is now to apply for a few casual leaves for starting a full-scale property hunt.
- Get pre-approved
As a first-time home buyer in Surrey (or wherever you may be residing presently), getting yourself pre-approved for a home loan substantiates that you are a serious client, saving ample time for you and also helping you to narrow the search process as you have defined your price range by now.
- Search the surprisingly hot, new neighborhoods
The millennials are more sensitized about the pressing need for embracing a car-free lifestyle when compared to the average Canadian. Taking a note of the situation, many condominium builders have designed high-density community housing infrastructures to cater the ever-evolving requirements of the hardcore urbanites, that are strategically located near the illuminated biking trails and jogger’s paths, supermarkets, public transits, amenities like bike lockers, and pet-friendly green spaces. It is no surprise that the first-time home buyers in Surrey (or wherever you may be staying at present) are to be spoilt with a plethora of choices!
- Try moving out of your town
Many first-time home buyers are ditching big metropolises for considerably smaller cities like Surrey that are experiencing the early strides of urban development. These emerging real estate markets offer fabulous deals, specifically on detached housing. For the born-and-raised, metro-sexual urbanites, these emerging landscapes can mean reasonably less amount of culture shock albeit at the cost of settling for the suburbs. These locations are known to offer a thriving retail and cultural scene, easy commute to the bigger urban hub, and extensive public transit most of the time.
- Use social media to complement your offline research