Home Buyer Checklist

Quick Checklist in Buying a Home

This checklist gives you a summary of each step in the homebuying process. As you complete each step, put a

check mark (✓) in the boxes provided.

STEP 1: Decide what kind of home you want

❑ Choose the neighbourhood(s) where you want to live

❑ Consider which features are important to you (size, number of bedrooms/bathrooms,

type of house, etc.)

STEP 2: Calculate how much you can afford

❑ Calculate how much money you have saved for a down payment

❑ Calculate how much your closing costs will be (ask your realtor or lender for advice)

❑ Calculate how large a mortgage payment you can afford each month

❑ Calculate the other monthly costs you will be responsible for as a homeowner

(maintenance and repairs, property insurance, taxes, etc.)

STEP 3: Get the help and advice you need

❑ Find a realtor to help you find a home

❑ Get pre-approved for a mortgage so you know how much home you can afford

❑ Hire a lawyer to look after your legal interests and review any contracts

❑ Get an appraisal and home inspection for any property you are thinking about buying

❑ Make arrangements to get property insurance after you purchase your home