Investing In Ottawa Real Estate
Last updated on May 11th, 2021 at 01:13 pm
Buying Ottawa Real Estate
It’s understandable why Ottawa home buying is often seen as an incredible daunting task by interested home buyers. After all, it’s the biggest investment you’ll ever make!
As an Ottawa real estate expert, I’m here to tell you that it doesn’t have to be as stressful if you define your home buying parameters early on.
By specifying everything from the price range, square footage and Ottawa neighbourhoods you want, you’ll significantly narrow down your options and ultimately save yourself a lot of time and money. Here is a quick overview of the types of choices you should make early on in order to give yourself a great Ottawa Home Search experience:
Ottawa Properties for Sale
Here are some questions you should consider early on in your Ottawa real estate search, as well as the benefits to each option:
Do you want to buy a home in the suburbs or the city?
- When you buy in the suburbs, you’re likely to find homes that are less expensive, with larger lots. A downside to living in the suburbs may be your commute time to work.
- When you buy in the city, you’ll likely live closer to employers as well as all the amenities that a big city like Ottawa has to offer. The downside is that these homes are typically more expensive and closer to noisy/busy streets.
Do you want to live off a busy street or in a cul-de-sac?
- When you buy a home off a busy street, you’ll likely save thousands on the sales price because many people would prefer to avoid the noise that a busy street brings with it. The downside is that the home may be a difficult resale down the road.
- When you buy a home in a cul-de-sac, you’ll be able to feel safer about letting your young children play outside. In fact, cul-de-sac homes are the number one choice for buyers with children. The downside is that you’ll have less privacy from your neighbors.
Do you want to buy a single family home or a condo?
- Single family homes generally enjoy good appreciation and ample privacy. The downside is that they tend to be more expensive and require more routine maintenance.
- Condos are typically less expensive than single-family homes and generally need fewer repairs. The downside is that they may be noisier and have less privacy. Often times, these homes don’t come with a private yard either.
Do you want to live in a single-story or multiple-story home?
- Single story homes are great for older residents who may have medical conditions that make it hard to climb stairs frequently. They also tend to be easier to clean. The downside to them is that more of the home lot is used up by the ranch-style home.
- Multiple story homes are great for those families who need room to grow. They’re also ideal for people who may want to have a clear separation from rooms for visitors and the sleeping quarters. The downside to them is that it’s generally harder to maintain consistent temperatures throughout the home.
Ottawa Home Buyers
Here are some other factors you may want to consider:
- How many bedrooms do you want?
- How many bathrooms would be ideal?
- What’s the minimum and maximum square footage you’re willing to live in?
- Do you need extra space, such as a bonus room?
- Are you looking for a garage? If so, how many spaces must you have?
- What Ottawa neighbourhood amenities are you searching for? Tennis? Pools? Walking Trails?
Your Ottawa REALTOR ®
I hope the above information helps make the home buying process simpler for you and your family!
We look forward to hearing from you!
Until next time,