6 Things to Start to Buy a Home in 2026

If buying a home is on your mind, now is the perfect time to start laying the groundwork. Whether you’re dreaming of a cozy starter home or a bigger space for your growing family, taking these six steps will help you get there faster.

1. Check Your Credit Score and Improve It If Needed

Your credit score plays a big role in getting approved for a mortgage and securing a good interest rate. Take a look at where you stand, pay down any high balances, and avoid taking on new debt. Small improvements can make a big difference when it’s time to apply for a loan.

2. Build Your Down Payment and Closing Cost Fund

Saving for a down payment can feel overwhelming, but breaking it down into monthly or weekly goals makes it more manageable. Consider setting up an automatic savings plan and cutting back on non-essential expenses. Don’t forget about closing costs, which typically range from 1.5% to 4% of the home’s price.

3. Get Pre-Approved for a Mortgage

A mortgage pre-approval gives you a clear idea of what you can afford and makes your offer more attractive to sellers. Connect with a mortgage broker to understand your options and get pre-approved before you start house hunting. Approvals usually last for 90-120 days, so getting an approval now locks in that rate today and you can improve the approval before you buy if the rate changes in your favor, but if it increases, you are locked into a rate now.

4. Start Researching Neighborhoods

Not all areas are created equal! Take some time to explore different neighborhoods, check out local amenities, and consider things like commute times, school districts, and future development plans. A little research now can save you from buyer’s remorse later.

5. Make a List of Must-Haves vs. Nice-to-Haves

Knowing what you need in a home versus what you’d like to have will help you stay focused during your search. Maybe you need three bedrooms but would love a finished basement. Being flexible on the extras will make it easier to find a home that fits your budget.

6. Find the Right Real Estate Agent

The right agent makes all the difference! A great agent will guide you through the process, help you avoid pitfalls, and make buying a home a lot less stressful. If you’re looking for someone who knows the Kitchener-Waterloo market inside and out (and likes to keep things fun), I’d love to help!