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Is Getting into your “Dream” Neighbourhood Doable?

Posted on May 23rd, 2021 at 10:26 am

Is there a neighbourhood you drive through occasionally and think, “Wow. I’d love to live here. What a fantastic area”?
Why don’t you take that thought any further? Maybe you think getting into that neighbourhood just isn’t doable – at least, not right now.
Perhaps you’re worried about the home prices or the current lack of homes for sale in that area. Maybe there’s some other reason, such as the possibility of higher mortgage payments.

Of course, those are all valid concerns. But why not find out whether or not they would genuinely hold you back?
For example, if you’re wondering whether you can afford a home in that neighbourhood, you can find that out with a reasonable degree of certainty. You can:

• Get a current market value assessment so you know, approximately, what you’d likely get for your home.
• Find out the average selling price of homes in the target neighbourhood.
• Calculate what you’d be able to put down on a new home.
• Find out how much mortgage you’ll need and what your payments would be.

Once you’ve taken a closer look at the actual numbers, you might discover that a nice home in your desired neighbourhood is within reach.
So, get the facts you need instead of assuming you can’t get into the neighbourhood you want. The fact might be, you can!