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How to Choose A Kelowna Home

When looking for your new Kelowna home, it is important to decide on your preferred neighbourhood(s) and view homes in each for a good comparison. Having a house features "wish list" keeps you focused on which aspects are most important to you.

How do you know which home is right for you? When narrowing down your home search, consider the following:

  • know what types of homes you want to buy
  • determine what age and condition of the house you are interested in
  • consider future resale potential
  • use a features wish list to keep focused
  • use a home search comparison chart to keep organized
  • act decisively when you find the right home

Determine What Type of Home Suits You Best.

There are several forms of home ownership, including single-family homes, multiple-family homes, and condominiums.

Types of Homes in Kelowna.

Single-family homes: One home per lot.

Multiple-family homes: Some buyers, particularly first-timers, start with multiple-family dwellings, so they'll have rental income to help with their costs. Many mortgage plans can be used for buildings with up to four units if the buyer intends to occupy one of them.

Condominiums: With a condo, you own "from the plaster in." You also own a certain percentage of the "common elements" - staircases, sidewalks, roofs, etc. Monthly charges pay your share of taxes and insurance on those elements, as well as repairs and maintenance. A homeowner's association, aka the strata council, facilitates these things.

What If I Want to Sell Down the Line?

As you look at homes, you may want to keep these resale considerations in mind:

  • One-bedroom condos are more difficult to resell than two-bedroom condos.
  • Two-bedroom/one-bath single houses generally have less appeal than houses with three or more bedrooms and therefore have less appreciation potential.
  • The most expensive houses on the street, or ones with anything unusual or unique are not suited for resale. The best investment potential is traditionally found in a less expensive, more moderately sized home.

If You Fall in Love With a Kelowna Home - Act Fast!

If you see it and love it- make an offer on it!  Choosing to wait might result in you losing the chance at buying your dream home.  Remember that unless you have an disposable income to custom build your home exactly the way you want it, concessions will have to be made....but you'll be surprised at how easy it is to fall in love with what you have!

Contact Nyrose & Associates today at 250-258-9888 so we can help you find your dream home!

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