7 easy-to-follow tips for first-time homeowners in Ontario

First-time homebuyers in Ontario should get home insurance to protect their property and liability, and never skip a home inspection to avoid costly repairs. Pay off mortgages faster by increasing payment frequency. Budget for closing costs beyond the down payment, including legal fees and taxes. Obtain a written warranty that the home wasn’t used for illegal purposes. Research thoroughly using available guides and consider working with an experienced real estate agent familiar with the area.