Tips For Buying Ottawa Real Estate
Published on 17 October 2012 in Barrhaven Gloucester Township Real Estate Kanata Kanata neighborhood information Ottawa Ottawa Community Information Ottawa homes or sale Ottawa MLS Ottawa neighbourhood events Ottawa Real Estate Ottawa Real Estate Market Report Ottawa Realtor Rideau community information Rideau homes for sale Rideau Township Real Estate by
Last updated on September 29th, 2023 at 01:36 pm
When it comes to buying Ottawa area homes for sale, there are three very important factors you should always consider:- The condition of the home
- The home’s location
- The listing price
Ottawa Home Buying
Having a firm understanding of what sort of condition a home for sale is in is a vital part of the home-buying process. After all, you don’t want to buy a home that’s in need of several costly repairs. Here are some questions you should be asking when it comes to the home’s condition:- What sort of shape is the roof in and how old is it? Keep in mind, the life expectancy of a roof can vary greatly, from 15 to 50 years.
- What sort of foundation is the home sitting on? Typically, if it’s a newer construction home you can expect a slab foundation. Older homes generally have raised foundations.
- Are the home’s walls and attic insulated? In an area like Ottawa, you want to make sure they are so that they keep heat in during our cold winters.
- What’s the age of the home’s appliances? Just like with the roof, you could be looking at costly repairs and replacements if you purchase a home with outdated appliances.
Ottawa Neighbourhooods
Here are some questions you should be asking when it comes to the home’s location:- What’s the zoning for surrounding parcels of land? If you’re near an industrial park or multi-family apartments, it may be harder to sell your home down the road.
- What schools is the neighborhood zoned for? This can play a major role in whether your home sells quickly later on, especially if the interested home buyer has a young family.
- Are there any amenities in the area that some would consider a nuisance? This includes a relentless barking dog next door or a bustling highway nearby.
Ottawa Real Estate Market
Here are some questions you should be asking when it comes to the home’s listing price:- How much did the seller originally pay? Knowing this will help you ascertain whether values are going up or down in the area.
- What have similar-sized homes in the vicinity sold for in the last six months? This will tell you whether the home you’re looking at is under- or over-priced.
- How many days has the home been on the market? The longer it’s been on the market, the more wiling the seller will likely be to negotiate with you on the price.