5 Tips For The First Time Home Buyer In Vancouver | Real Estate Investment Company

May 6, 2021 | Real Estate Investment Firm

Real Estate Investment Company


Before we plunge into a real estate investment company, it is worth seeing one of the important attractions it carries for investors. We’re both aware that it’s overwhelming making the right choice prior to buying your first home. 

Let’s jump into some key aspects to be considered the life hacks of a real estate investment company. Remember one thing, It’s not just a place to call home to invest in a property. It’s not depreciating like the automotive industry every year. Most people have to interact at some stage in their lives with a real estate transaction and some see it as an insightful opportunity to seize value.

       1.Cognitive decision-making

Your first step is to first ask yourself why you want to buy a home 

  •   Is it because you want to stop paying rent?
  •   To start building equity?
  •   To have a place of your own? 
  •  To raise a family? 
  •   Or consider it as an investment? 
  1. Keep your emotions at home

Remember, buying a house based on feelings would just break your heart. You could end up making some pretty poor financial decisions if you fall in love with something. Instinct and emotions don’t go together. Going with your intuition means you know it is worth the investment. Emotions are being too much attached to the patio. This is an investment and therefore remain calm and prudent is critical. It’s normal for some of your wants and needs to change during the house-hunting process, but don’t lose sight of your original objectives.

  1. Align your budget and neighborhood. 

Social media is an integral part of our lives, and we see a lot of beautiful homes every day. Your budget is probably $300,000, but you’re looking at waterfront houses in West Vancouver. Don’t let other houses influence your choice. You would have a lot of investment if you stick to your budget and concentrate on individual houses within your budget. People are often drawn to such houses because of their exterior and make large investments without realizing the worth of the property in the future. Tavanco, a real estate investment company, caters to your desires while staying within your budget. Be wise and invest in run-down properties that you can renovate and resell for a profit. 

  1. Sleeper cost  

The sleeper costs are the difference between renting and buying a home. Most people only consider their mortgage payment, but they should also include other costs such as property taxes, utilities, and homeowner association dues. New homeowners should also budget for renovations, maintenance, and future property tax increases. Be sure to account for sleeper expenses so you’re safe and don’t lose your home.

  1. Get your pre-loan application

After you’ve addressed your basic needs before purchasing your first home, the next step in the buying process is to get pre-qualified from a mortgage company. This can be completed in a matter of minutes over the phone or online. Get in touch with the best real estate investment company and we will refer you to a mortgage professional with an outstanding reputation and track record of obtaining loan approval. You must understand what mortgage payment you can afford and what banks are offering. Being pre-approved would save you a lot of time and resources because you won’t be wasting your time searching at houses you can’t afford. This will help to make a decision and narrow down your quest.



Tavanco Group creates and constructs exquisitely built residences, mansions, and parks in beautiful British Columbia. We specialize in both residential and industrial ventures, and our cumulative foreign experience exceeds 50 years. Our real estate investment company aims to provide you with practical, efficient solutions backed by decades of industry experience. To schedule a consultation, learn more about how we work, and begin your exhilarating investment journey, please don’t hesitate to get in touch with us. We’re here to help – it’s our passion.