Homebuying 101: Essential Tips for First-Time Buyers

ATEL Group
Mar 11
4 min read

Buying your first home is an exciting and life-changing experience. Whether you're looking for a cozy starter home, a long-term family residence, or an investment property, the process can seem overwhelming at first. From securing financing to choosing the right location, there are many factors to consider.

At Loyalist Shores, we understand the challenges first-time homebuyers face, and we want to help you navigate the journey with confidence. Here’s everything you need to know about purchasing your first home, including expert tips, resources, and key steps to make the process smooth and rewarding.

1. Understand Your Budget and Get Pre-Approved

Before you start house hunting, it's crucial to determine how much you can afford. A mortgage pre-approval is one of the first steps in the homebuying process.

Why Get Pre-Approved?

✔️ Helps you understand your price range

✔️ Shows sellers that you're a serious buyer

✔️ Speeds up the mortgage approval process when you find the right home

How to Get Pre-Approved:

Check your credit score – A higher credit score can help you secure better mortgage rates. You can check your score for free through Equifax or TransUnion.
Compare mortgage lenders – Different banks and credit unions offer various rates and terms. Speak with multiple lenders to find the best deal.
Gather necessary documents – Most lenders will require proof of income (pay stubs, tax returns), employment verification, and debt history.
Use a mortgage calculator – This tool helps estimate your monthly payments based on loan amount, interest rate, and amortization period.

2. Choose the Right Location for Your Lifestyle

Your home is more than just a building—it’s about the neighbourhood, accessibility, and future growth.

Why Consider Loyalist Shores?

Located in Amherstview, just minutes from Kingston, Loyalist Shores offers the best of both worlds:

🏡 Affordable New Homes – More value for your money compared to downtown Kingston properties.

🌊 Scenic Lake Ontario Views – Enjoy waterfront beauty and outdoor activities.

📍 Convenience & Amenities – Close to schools, parks, grocery stores, and healthcare.

🚗 Easy Commuting – Quick access to Kingston and Highway 401.

When choosing your community, think about:

Work Commute – How far is it from your job?
Public Transportation – Are there convenient bus routes nearby?
Nearby Schools – If you have children or plan to, check the school districts.
Future Development – Investing in an up-and-coming area can increase your home's value over time.

3. Know What Type of Home You Need

Before falling in love with a property, consider what features best suit your lifestyle.

🏠 Single-Family Homes: Ideal for families needing space, a backyard, and privacy.

🏢 Townhomes: A great middle-ground option for affordability and low maintenance.

🏡 Bungalows: Perfect for retirees or those wanting a single-level home.

At Loyalist Shores, you’ll find thoughtfully designed homes with modern layouts, open-concept living spaces, and customizable features to match your vision.

4. Budget for Additional Costs Beyond the Purchase Price

Many first-time buyers focus on the home price alone, but there are extra expenses to plan for:

💰 Closing Costs (1.5% - 4% of the home price) – Legal fees, land transfer tax, title insurance, and property appraisal.

🛠️ Home Inspection (Optional, but Recommended) – Even in new construction, an inspection ensures quality workmanship.

🔑 Property Taxes & Home Insurance – These are recurring costs you’ll need to budget for.

🛋️ Moving Costs & Furnishings – Factor in moving truck rentals, utility set-ups, and new furniture purchases.

By preparing ahead, you can avoid financial surprises and move into your new home stress-free!

5. Explore Your Homebuying Options at Loyalist Shores

One of the advantages of buying a pre-construction home in a planned community is customization.

✔️ Choose your preferred lot – Phase 2 at Loyalist Shores is selling now, meaning you can reserve a premium lot before they're gone!

✔️ Personalized Upgrades – Select finishes like flooring, cabinetry, countertops, and more.

✔️ New Home Warranty Protection – Every home is covered by Tarion Warranty, ensuring peace of mind for first-time buyers.

Want to secure your dream home at Loyalist Shores? Contact our team today!

6. Know What to Expect Before Move-In Day

After purchasing, there are still steps before getting the keys:

📅 Final Walkthrough: Ensure everything is completed to your expectations.

🔑 Mortgage Finalization: Double-check all financing details.

📦 Plan Your Move: Hire movers, set up utilities, and update your address with Canada Post.

Pro Tip: Many buyers find it helpful to start a “moving checklist” 30-60 days before closing to stay organized!

Final Thoughts: Your Homeownership Journey Starts Here

Buying your first home is a milestone worth celebrating! With the right preparation, expert guidance, and a community like Loyalist Shores, you can make the journey enjoyable and stress-free.

🏡 Thinking of buying your first home? Explore available floorplans and learn more about Loyalist Shores – Phase 2 selling now!

📞 Contact us today to get started on your homebuying journey.