Buying a home is one of the biggest financial and emotional decisions you’ll ever make. It’s exciting, but it’s also easy to get swept away by curb appeal or a dream kitchen without digging into the details that could make or break your investment.
To help you make a confident, informed decision, here are the top five things you need to know about a property before you buy:
1. Location and Neighbourhood
It’s an old saying for a reason: location is everything. Before you fall in love with a home, research the neighbourhood.
Is it close to schools, parks, grocery stores, or your workplace?
How’s the commute at rush hour?
What’s the crime rate, and are there any planned developments that could affect the area’s vibe or property values?
Drive by at different times of day to get a feel for noise levels, traffic, and overall atmosphere.
2. The Property’s Condition
A home might look beautiful at first glance, but what’s behind the walls?
Have there been recent renovations, and were they done with permits?
How old are the roof, windows, furnace, and hot water tank?
Are there signs of water damage, foundation cracks, or pest issues?
A professional home inspection is worth every penny — it can reveal hidden issues and save you thousands in unexpected repairs.
3. Strata or HOA Rules and Fees (If Applicable)
If the property is part of a strata, condo corporation, or homeowners’ association, you’ll want to know the rules, restrictions, and monthly fees before you buy.
Are there pet restrictions, rental limitations, or bylaws you must follow?
What do the fees cover — and are there any special levies on the horizon?
Reading meeting minutes and financial statements will give you insight into the community’s health and future plans.
4. Zoning and Future Development
Even if you’re not planning changes right away, it’s smart to know how the property is zoned and whether there’s potential for future use or expansion.
Could you add a suite or build an addition?
Are there development projects nearby that could increase (or decrease) the value of your home?
City planning and zoning maps are public records — they’re worth reviewing before making an offer.
5. Total Cost of Ownership
The purchase price is just the beginning.
What will property taxes, utilities, and insurance cost?
If it’s a leasehold or strata, what are the monthly payments?
Are there maintenance costs specific to this home — like septic servicing, private road upkeep, or well water systems?
Understanding the full financial picture will help ensure your new home fits comfortably within your budget long-term.
The Bottom Line
A beautiful property is only as good as the details behind it. Taking the time to research the location, condition, rules, zoning, and true costs will give you peace of mind and set you up for success as a homeowner.
If you’re ready to start your home search — or want expert advice before you make an offer — I’m here to help you every step of the way.