Considering buying a first home is exciting but it’s also a tad bit nerve wracking.
Sure, we’re looking forward to this next stage in life but we are also a bit worried about finding a place that is perfect for the two of us and Daisy. Especially, given the very high property prices in Vancouver.
Without going into too much detail, our budget is generous enough that in pretty well every other city in North America it would buy us a very large home in a well established area. But in Vancouver, where property prices are similar to those in Manhattan, our money does not go quite as far.
Don’t believe me? Try the online game “Crack Shack or Mansion;” the brain child of a Vancouver couple that grew frustrated at their inability to buy into the market. To show the insanity of the situation, they created an online game that shows players a picture of a home and then invites them to choose whether it is a crack shack or a property recently listed for over a million dollars in Vancouver.
I dare you to play it! You’ll be shocked.
Still, we would like to move to Vancouver primarily for the lifestyle. And we’re willing to pay a premium to live close to Stanley Park, in a walking friendly neighbourhood, full of wonderful amenities.
Bracing ourselves for a reality check, we met our real estate broker and were off.
The first place had a fantastic location but the interior wasn’t doing it for us. Thankfully, things got increasingly better from there.
Culminating with our absolute favourite!!!
The finishes were amazing. In fact, I have to confess I fell in love with the stainless steel appliances, hardwood floors, bright space, huge kitchen island, and spa like bathroom.
And all in our ideal location!
Truth be told, if we knew our transfers were complete we would have already made an offer. Our current hope is that when we are ready to purchase there will be another similar unit for sale in the same building.
On the whole, we were fairly impressed with what our money could buy in Vancouver.
If I could give any prospective home buyers some advice, it would be the research the market before even looking at properties. That way you will ensure that your expectations are consistent with what your budget can purchase.
What are property prices like in your city? Is yours an easy market to get into? If you’ve already bought your first place, were you shocked or pleasantly surprised by how far your money went?