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REAL ESTATE OUTLOOK April IKS Put emotion aside when house buying By John Swibcr MmxmE Real estate bidding contests which drove house prices through the ceiling last spring and summer seem to be a thing of the past At least for now Present market conditions have cooled to a more temperate level and prices are a touch softer than they were Interest rues too have come down and may drop even lower Plus theres a good supply of mortgage money avail able from most lenders This all adds up to a Tine oppor tunity for and especially for the first timers But before rushing out on a house hunting expedition try and keep your enthusiasm in check for the moment House buying calls for some very cool- headed planning After all this is no minor purchase were talking about So proper planning is cru cial Planning will help you in scleral ways like keeping you on the right path and preventing you from getting over your head It will also help you clear all of the emotion from the pur chase decision Why is that im portant Well can be a highly charged emotional experience if youre care ful Arid the trouble with emotion is that it tends to cloud an other wise rational decision In planning there arc three key areas to be taken into account The you can afford to pay the location and the features you want means how much of a you have and how much you can afford in monthly mortgage payments But thats not all There are property Lues to be paid Utilities as well Then theres maintenance and up keep And if you go for an older home there may be renovation costs which can be very expen sive indeed If the furnace is its last gasp and if the roof is about to a leak that means more money A lot more money So all of these cost should be factored into affordabihty before you make any kind of commitment to buy Also related 10 what you can afford is the location of the house This will have a direct bearing on how much you ulti mately pay Here you must bal ance the convenience factor against cost Usually you can get more house for your money by moving to the suburbs But the saving could well be offset in form of inconvenience to say nothing of tracl time and ex pense So consider that as well Deciding on location however is generally the easiest pan Lastly what features do you want in your house Its best to make a check list before go looking Then each time in spect a house simply tick off its features against your list For CAs advice on TV sec Your Wealth available on broad cast channels in Ontario and on satellite across Canada or sec Money in the Bank on your community cable channel general finan cial by Canadas char tered accountants John Swit- is with National Trust ROYAL CITY GUELPH ST GEORGETOWN 8775296 DOUG MEAL Business 4168775296 Residence 416 8776279 DETACHED 1 29900 Older 3 bedroom home with character at front for those warm summer nights Laundry room and a double detached brick garage For further details call Doug J iSi MM J I te T I I j rriTi nd the Antelope play on side of Hockley Valley side with nver Only 15 Downtown Orangeville Still quiet secluded Asking m 7330 We work together for you Halton Hills Hilton Areas BARBARA GLENN 8761156 Res 15198530923 ALEX GLENN STALL HOUSE RANCH 249900 ACRES NEAR Terrific 3 bedroom bungalow double healed garage minutes from Milton Gall 39900 Call Barb Glenn GLEN ABBEY The Scarlett staircase welcomes you Into this lovely 3200 sq It bedroom home Huge master bedroom with 5 Private and professional lan dscaping Huge Hollywood kitchen has walkout to deck and private fenced yard call Alex or Barb BRAND NEW PACED FROM 165900 IN ACTON FROM TO DETACHED ONLY Newly renovated storey 3 bedrooms with main floor family room Large lot garage Located in Acton Please call or Alex MINI RANCH 5 ACRES Small barn with seven stalls 6 paddocks and only minutes Georgetown GO Call today or this one Asking 269900 COUNTRY GENTLEMAN 45 ACRES 325000 Total 4 bedrooms Irving room dining room walkout from room 4PLEX Contains apartments bedroom apartments and 1 bachelor This beauty Is sound investment For details please call for appointment