Monday, March 6, 2017

Finding Accommodation - Basics

Finding accommodation is probably the first thing that you are going to do, once you land. There are several aspects to be considered in this case:

1. What location should I chose?
2. Should I buy or rent the house?
3. If I want to rent, what is the best way to go about it?
4. If I want to buy, what are the mortgage options and what are the buying options?

I am here to help you in all these aspects. Remember, you can always email me at any point, or if you want to discuss in detail, you can always call me. Send me an email and I will give you my number. I will also help you in making your renting/owning decision easier, implement that decision and get a mortgage. All this comes at absolutely no cost to you. Having said this, lets now discuss the above points, one by one. Please note however that I am only going to talk about the Greater Toronto Area here, as my expertise and experience lies in the GTA. If you want information about other cities, happy to provide some indicators and inputs. Please email me your requests.

1. What location should I chose?

This decision is based on 5 factors:

a. What kind of home are you planning to live in
b. How old are your children (how important is public schooling for you)
c. How important is it for you to live in your own community
d. How much time are you willing to commit to your daily commute
e. What is your budget

Each factor is carefully analyzed in this post

2. Should I buy or rent the house?

This decision is based on a single factor, that is, whether you have enough money for down payment

3. If I want to rent, what is the best way to go about it?

You need to consider the following 4 factors, which are analysed in detail in this post:

a. What is your rental budget?
b. What kind of rental choice do you want?
c. What areas are you looking to rent in?
d. How picky are you about your children's schooling as far as the temporary rental accommodation is concerned.

4. If I want to buy, what are the mortgage options and what are the buying options?

This decision is based on the following factors:

a. What is your budget?
b. How much time are you willing to spend in your commute?
c. What kind of housing choice do you want?
d. What neighborhood is best suited for you from a convenience, safety and community perspective?

Some of the decision factors are inter-related. I suggest you go through all the posts related to finding accommodation in order to make your decision. As always, if you are in doubt or have questions, drop me an email on tanmaycanada@gmail.com


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