As you may know I am a first time home buyer right in the thick of it, busy spring buying/selling season and competition unlike any other I’ve ever experienced. To date I have looked at 6 houses which in the grand scheme of things is not a lot, some people look at 100, others 20… I knew the distance radius I wanted to be in based on my 12 hour work days and social life I wanted to stay close to Kingston’s boundaries without actually being right in town.
I had no idea that buying a home was going to be such a competition, but now that I think about it, I probably should have. Anyone of my age group or younger tends to have a more limited budget, and myself being a single woman I need to have a home that is suitable for one income only. The price point is what makes it competitive, basically $250k and under as there is so many needing an affordable home and so few options.
The first home I looked at on Realtor.ca was the one I am buying. Curious isn’t it? I actually ruled it out early on because of the price point, but after months of looking at my ideal price point ($175-$200k would put me in the same payment category as my rental property) I realized what I could get for that price was a phenomenal amount of renovation and in the end, a much higher price tag. I love old character homes, unfortunately a girl of my income and ability, cannot manage to flip a house like that as much as I would dream to. If I could save all the abandoned homes I would. Continue Reading