It’s every Canadian’s dream to have a home of their own and we’re here as your Mortgage brokers Toronto professionals to help make that dream a reality. While a big portion of what we do has to do with finding you the best Toronto mortgage rates, we’re always happy to offer a little advice so that entire process runs smoothly.
So, here’s a few tips that will make buying a new home a little less stressful.
Look into the builder’s reputation
First and foremost, you need to be sure the builder you’re investing with has a solid reputation. In Canada, you can look for information under the Licensed Builder Directory at the Tarion website. That’s where you’ll find out if the builder has had any complaints over the last decade and how many awards they have won.
Remember, word of mouth is still one the best yardsticks to gauge a builder’s trustworthiness. Talking with friends, relatives and acquaintances that have new homes is a great grass roots way to find out about builders.
Look into the extra charges you need to pay
Remember, the price estimated in the office of the company that’s going to build your home is often just the base price that doesn’t include all the bells and whistles you might be looking for. Experts say you should make sure to get a cap on any extra charges.
Look into the upgrades you need
Builders make a lot of money from these upgrades, but it’s important to know which ones you need. Asking a real estate agent which ones will make the biggest difference when it comes to reselling the house is a good way to go about this.
Doing your homework to learn as much as possible about the builder of your new home will save any hassles down the road.
