Buying real estate isn't easy or cheap. There's a lot you have to do in order to prepare yourself for the process you're about to go through when shopping for homes in Etobicoke or New York. You also need to be preparing yourself for this life-changing event well in advance. If you don't have some sort of savings account that you've been depositing money into for the past little while then you shouldn't thinking about buying real estate right now.
We're not saying that you shouldn't be looking at New York or Thornhill homes for sale. What we're saying is that you shouldn't be real estate shopping if you can't afford to buy a home. Especially if this is your first time shopping for real estate. As long as you have some savings saved up, especially enough to make a down payment, then you can start perusing the New York or Vaughan real estate listings.
If this is going to be your first home purchase and you are on a limited home spending budget then you might want to consider starting off with something small. You don't need to go big and flashy when it comes to your first home. Unless you have a family in place already or a job that's secure and doesn't entail you being relocated somewhere else then you're going to be making a second home purchase at some point in the future.
Why bother looking at expensive houses right now when you can shift your focus to cheaper New York or Richmond Hill townhouses or condos? Many first time home owners opt to purchase a condo or townhouse for their first real estate purchase because it allows them to prepare themselves for being a home owner. Purchasing a condo or townhouse now instead of large two or three storey house gives you the ability to adapt to becoming a home owner, especially in terms of financial responsibility.
Being a home owner of a smaller real estate property now gives you a feel of what it's like owning a home and allows you to see if you can handle the burden of being a home owner. You'll get to see how much stuff costs, whether or not you can budget properly, and exactly how much money it takes to maintain a home.
That's why New York or Mississauga townhomes or condos are a great way to prepare yourself for a larger real estate purchase down the line.