Welcoming a new member to your family is a joyous milestone that generates excitement, happiness and the need for more room at home. From open floor plans to accessible and safe neighbourhoods, here are three important tips to take into consideration before settling on a new family home.
Size and budget
Expanding your family can also require an expansion of your living space, in order to accommodate a growing child over the years. Extra rooms, a finished basement, an open floor plan and a backyard for youngsters to run around in are all desirable details in a family home. Additionally, ample storage space for seasonal clothes, toys and accessories keep rooms spacious and clutter-free. Older homes with more boxy floor plans have potential for added space, but be prepared for renovations, as updates aren’t always favorable for families with small children or babies on the way. Increasing your necessary square footage equates to a larger financial expense, and staying within your budget is crucial, now more than ever, to establish a financially happy home. A real estate agent can assist in finding you a house that meets your needs, will keep you on budget and ensure that your new purchase is a sound investment.
Location, location, location
Explore potential neighbourhoods to see if they have a solid offering of family-friendly features like parks, playgrounds, churches, convenient shops, doctor’s offices, daycare centres and a strong population of other young families. When it comes to your child’s education, the Canadian School Boards Association provides an extensive library of information on early childhood, language and special education institutions, and can help direct you to provincial school boards (both public and private) across the country. Should you one day need transportation services for your little one, inquire about school bus regulations and confirm your would-be home falls within the eligibility requirements.
Parents sleep better at night knowing that their children are safe, so it doesn’t hurt to examine safety and crime records and speak with residents to survey their concerns and experiences. With road traffic constantly increasing, make sure the routes around your ideal home and local schools are controlled and crossing guards are stationed at main intersections. A quiet cul-de-sac can offer additional safety from thoroughfare traffic.
WANT MORE ADVICE?
- Expert tips on how to encourage financial literacy at home by Jennifer Goldberg Where are your kids getting their financial education? According to recent research by Genworth Canada, 95 per cent of Canadians agree that children should be taught the basics of personal finance and budgeting in school. But according to…