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Dream vs. reality: Buying a new house

“Always pick your yard based on your Summer lifetstyle.”

~ KARL

January 25, 2018 - Karl Yeh

 When buying a new home how do you marry your dream home versus reality ? How do you prepare before visiting show homes to manage expectations? In this episode, we discuss how to find a home that fits your lifestyle and who to talk to when preparing to buy a new home. 

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Transcription:

Karl Yeh:

Hi everyone, and welcome to another edition of Homebuyer's School.

Today I'm joined by Jessica McNabb, Area Manager with Brookfield Residential, and today the question we're gonna answer is:

How can I bring together what I am dreaming of versus reality of a new home?

Jessica McNabb:              

Mm-hmm (affirmative). That's a great question.

Many times people will come through our show home, and they'll see our show home and it has almost every upgrade you can imagine.

So it's gonna have quartz countertops, [00:00:30] laminate flooring, your fireplace.

And when you look at what you're pre-approved for, maybe it doesn't align to exactly what the show home looks like.

So what we do is we'll sit down with you, we'll go over a list as to what's most important with your family.

Karl Yeh:                              Yeah.

Jessica McNabb:              

And you'll come up with "these are the things that are most important in this home, in this budget."

'Cause maybe you're only gonna live there for five years, and you're gonna build some equity in that home, and then once you've got that extra money to put into your next dream home, then you can definitely do that.

And in terms of just a little piece to add, [00:01:00] when you're looking at your dream versus reality, you could do a chandelier in the home currently, just some little fixes like that.

Karl Yeh:                             

What are some of the things in terms of prepping before you actually maybe go into a show home, so you're not ... You know, it's like, "Oh, I want everything, but I know I can only afford this much."

Jessica McNabb:               Right.

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Karl Yeh:                             

What are some of the steps that I should take before I visit a show home?

Jessica McNabb:              

So typically when people come visit us in the show home, we have a chat with them and we'll say, "Tell me your background story. [00:01:30] What are you looking for in a new home?"

And we have a color board room where we can go through and show all the different colors versus what's upgraded.

And then going into the show home, they already have an idea of what's upgraded.

Karl Yeh:                             

Okay. And prior to visiting as well, what are some things in terms of budgets, or something that I can prepare when I have that conversation?

Jessica McNabb:              

Right. So, definitely to talk to a mortgage advisor prior to looking at show homes, so you know what budget you're working with and you know exactly how much your monthly cost is gonna be.

Karl Yeh:                              [00:02:00]

Is it worth maybe talking to a real estate agent as well?

Jessica McNabb:              

You could talk to a real estate agent. Yep. They'd be really knowledgeable and showing you what's new versus with the resale side.

Karl Yeh:                             

Perfect. And ... Okay. Is there anything else you'd like to add?

Jessica McNabb:               No. I think that's great.

Karl Yeh:                             

Awesome. Well thank you very much, Jessica. Thank you very much everyone for joining us, and we'll catch you next time.

 

Your turn:

Let us know if you have additional home buying questions that we can answer by submitting them in the comments section below. 

Homebuyer's School publishes new content weekly so subscribe or check back regularly for the latest information, strategies and tips from homebuying experts. 

About Jessica McNabb:

University of Alberta: Bachelor of Science in Registered Nursing 2011 McConnell Place North Alzheimers Care Centre 3 Years - Client Care Leader Brookfield Residential 6 Years - Area Sales Manager Sold over 200 Homes

While a career in Nursing was extremely fulfilling, I also wanted to explore a career in home sales. After 6 years of being in the New Home Sales Industry, I still feel the same sense of fulfillment through taking clients from start to finish building their home.

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