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First Time Home Buyer Tips

Tue, 21 Feb 2012 by Polycorp

As you look to purchase your first home you’re probably experiencing various emotions ranging from nervousness to excitement. Polycorp offers these tips for first time home buyers.

Before setting out on your home buying journey you should first get pre-approved for a mortgage loan.  Knowing how much you qualify for gives you better options as a prospective buyer.  Think about how much money you’re really comfortable spending, even though you may qualify for a higher amount.  Take into account costs like taxes, insurance, home heating and maintenance as well as the other expenses you already have. 

There are many new homes in Halifax, Nova Scotia to choose from. Deciding on the community you’d like to live in and whether or not you’d like to purchase a new home, a resale, a townhome, a condo or a single-family home is your next step. Keep in mind school districts, floor plans, lifestyle and family needs, must haves and future plans.

Postpone making large purchases like buying a new car, appliances or furniture until after you’ve bought your new home in Halifax, Nova Scotia. If at all possible, avoid adding to your credit card debt as it could affect your final mortgage approval.

Don’t forget about closing costs. These can include legal fees, property taxes, charges from the lender, insurance and any Residents Association fees your community may have.

Hopefully these tips will help you as you’re going through the home buying journey. Whatever you do, remember to have fun and to take your time when researching new homes in Halifax, Nova ScotiaIt’s a big decision and it can be an emotional one, so you want to be sure you have all the facts to make it a sound decision as well as one that feels right for you.


Welcome to Polycorp - A Halifax New Home Builder

Polycorp has grown to become one of Halifax's best known residential home builders and developers. As a leading Halifax new home builder, our commitment to detail and quality is what makes our homes exceptional. We create unique neighbourhoods and innovative home designs, all the while focusing on energy efficient technologies to help reduce our carbon footprint. Please contact us if you would like to see our inventory of new homes and condos for sale in Halifax, Nova Scotia.