4 Things Realtors Look for When They Are the Home Buyers: Part 1

Everyone tells you not to judge a book by its cover, but no one ever explains how to judge a book properly. The same applies to properties. In a market where sellers put their best foot forward, highlighting only the most attractive features, it’s easy to get distracted—especially if you're a first-time buyer. This holds true for most buyers, except for realtors, who, as experts in the housing market, know better than to be swayed by surface-level details.

Today, we’re sharing some of that expertise with you by listing four things a realtor would consider if they were in your shoes.

01A realtor would measure Square Footage

One of the first things real estate agents assess in a property is its square footage, as Canada lacks a national standard for measurement. Instead, square footage calculations are influenced by local practices and the discretion of real estate professionals. Typically, the measurement includes above-ground spaces that are heated and accessible throughout the year. Areas like garages or three-season porches may not be counted in the total.

Understanding square footage is crucial for multiple reasons. It helps determine the price per square foot, a key factor when comparing similar properties in the market. Additionally, property tax assessors consider square footage when calculating property taxes, making it an essential element in evaluating a home’s overall value.

02A realtor would calculate utility costs

For realtors, affordability goes beyond the purchase price—it includes carrying costs, with utility expenses playing a major role. In Canada, average monthly utility costs range from $251 to $447.07, varying by province, property age, season, and household size. For example, winter months often bring higher energy consumption, significantly impacting expenses.

When budgeting for a home, factor in these costs, as they can add hundreds to your monthly expenses. Beyond utilities, carrying costs include mortgage payments, property taxes, home insurance, maintenance funds, and services like internet or streaming—essential considerations for long-term financial planning.

03A realtor would check zoning laws

A realtor would carefully review local zoning laws to ensure the property aligns with their long-term plans. Zoning regulations dictate whether a property can be used for residential, commercial, or agricultural purposes, which could impact future modifications or uses.

A realtor would also check if the home allows for business use or short-term rentals, avoiding restrictions that might limit potential income. Additionally, they would confirm if remodelling plans—such as expanding the home or adding new structures—comply with size and setback regulations. This due diligence helps prevent costly legal and structural limitations.

04A Realtor would Assess Flood Risks Before Buying

If a realtor were purchasing a home, they would carefully evaluate the property’s flood risk. With extreme weather and rising ocean levels, outdated public flood maps may not fully reflect high-risk areas. In Canada, an estimated one million homes could be at risk of flooding within the next 20 years, making this an essential factor to consider.

WE WILL BE BACK

Having a realtor by your side when buying a home isn’t just a recommendation—it’s a smart decision. Their daily experience in the housing market and ability to navigate complex property situations make them the most skilled home buyers out there. That’s why their insights should never be overlooked.

However, the list of things a realtor considers before purchasing a home is too extensive for just one blog. So, stay tuned for part two! If you’re in a hurry, don’t wait—contact us today to connect with one of our expert realtors and gain firsthand access to their knowledge.