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Buying Your First Home - The Style of Home

Buying your first home will not be nerve wracking if you are prepared ahead of time. This is part 2 in a five part series that I have put together for the first time home buyer. Today I am discussing the importance of picking the style of home and how getting the pre approval first will have a direct impact on the style, area, and the lifestyle you want to live.

When looking at the style of home there are a couple of different options, the first I will point out is whether you want to live in a Condo or in a Single Family home. As I mentioned earlier the pre approval through your mortgage broker or bank will have a direct bearing on what you can purchase.

What are the Different Styles of Homes? 

There are many different styles of single family houses, there are 2 Storey, Bugalow, 4 Level Split, Bi Level, 5 Level Split, 2 Storey Split...you have some great choices here. 

One thing I have found is that most people will stick with what they know, they don't stray to far from their comfort zone. So what I mean is, most people that prefer Bungalows(nice because you have two levels only) will stick to the bungalow and will not go to a 2 Storey. They may however go to a Bi Level style because the floor plans are very similar.

You have to choose what is right for you, if you don't want to be climbing stairs then maybe the 2 storey isn't the right plan. Some questions you may want to ask yourself would be:

• Do you need two bedrooms only or 4? 
• How many bathrooms do you need or want?
• Do you want or need a finsihed basement?
• Do you want a south, west, north or east facing backyard?
• Do you need/want a garage?

The last thing I will leave you with is this...don't just think about the here and now. What you want right now may not be what someone else wants when you go to sell. So consider the future potential of the home, if you don't plan on moving again, still consider the future potential as your situation may change down the road.