Hoping to buy a home in 2022?

Are you thinking about buying a home in 2022? Here are our top resolutions to help you take that first step before getting into your new home!

  1. This year I want to get my finances in order and become more financially literate 

Make this the year you take a deep dive into your finances and strive to become more money savvy! Saving a down payment can be a big job, but chances are you have a lot of missed opportunities to save. By sitting down with your statements and making a list of where all of your money is going, you may find yourself surprised by how much more is going out than needed. 

There are many easily accessible resources and books available to guide you through financial literacy and top money management skills. Setting aside 30 minutes each day to read through them can have you feeling much more financially literate and skyrocket your confidence and ability when it comes to saving a down payment for your new home. 

  1. This year I want to really work on improving my credit score 

Having a strong credit score can be very beneficial when it comes to securing favourable mortgage terms. Knowing where your credit stands is important information when it comes to getting ready to buy a home, so it is encouraged that you keep yourself up-to-date with any credit score changes each month. Scores range from 300-900 with a score of 690 or above being considered “good” as per the credit score rating company Equifax. 

Your credit score, in addition to other factors including your debt-to-income ratio, are used to determine your eligibility for a mortgage. Best practices for improving your credit score include paying all bills on time, keeping credit cards at or below 35% of their limit, and trying to limit your number of credit applications or checks. 

  1. This year I want to look into the home buying process and be sure of the steps that I need to take 

If you’ve never purchased a home before, and even if you have, the process can seem a little overwhelming. Not to worry though, as The Peggy Hill Team website offers comprehensive information to get you started. Our Sales Representatives are also always available to answer any questions and help guide you through the process. 

  1. This year I want to focus on de-cluttering and fixing up my current space so my transition to my new home is a breeze 

Whether you are a current homeowner looking to upgrade or downsize or someone looking to transition from a rental to a property of your own, getting your current living space organized can be a huge help. A weekend spent dedicated to the good old game of “keep, toss, sell/donate” can make a huge difference! Not only will a de-cluttered and organized space aid in making you feel more relaxed, it will also make the transition to your new home an easier one. 

Day to day life can be really chaotic, and sometimes it’s hard to find the time to dedicate to small projects around the house. If you’re looking to sell in the new year, we encourage you to set a resolution to get around to those small things you’ve been neglecting. Touching up paint or swapping out dying light bulbs can make a huge difference in the way your home shows. If you need a little guidance, The Peggy Hill Team offers complimentary staging consultations! 

  1. This year I want to find a REALTOR ® that I trust to help me navigate this process 

The Peggy Hill Team is comprised of highly-skilled hand-picked individuals that offer extensive knowledge and expertise when it comes to the home buying process. Whether you are a first-time buyer or someone who has bought and sold multiple properties, The Peggy Hill Team is here to help! We proudly offer service in eight languages, including English, French, Ukrainian, Farsi, Polish, German, Mandarin, Spanish, Russian, and Greek. Our network of professional and trusted partners are also available to assist you with important home-buying aspects, including mortgages, home inspections, and more!