Before You Look for Your Dream Home: Know What You need vs . What You Need!
On this day and age of being able to shop for anything at all anywhere, it is really important to know what you’re looking for when you start your home search.
If you’ve been thinking about buying a home of your own for quite a while now, you’ve probably come up with a list of things that you’d LOVE to have within your new home. Many new homebuyers imagine about the amenities that they see on television or Pinterest , and start looking at the countless homes listed on the market through rose-colored glasses.
Do you really need that farmhouse sink in the kitchen to be happy with your home option? Would a two-car garage become a convenience or a necessity? Could the particular “man cave” of your dreams be considered a future renovation project instead of a make-or-break right now?
The first step in your house buying process should be getting pre-approved for your home loan. This allows you to know your budget before you fall in love with a home that is way outside of it.
The next step is in order to list all the features of a home that you want, and to qualify them as follows:
- “Must-Haves” – if this property does not have these items, then it shouldn’t even be looked at (ex: distance from work or family, number of bedrooms/bathrooms).
- “Should-Haves” – if the property hits all of the ‘must-haves’ and some of the ‘should-haves, ’ it stays in contention but doesn’t have to have all of these features.
- “Absolute-Wish List” – if we find a property within our budget that has all of the ‘must-haves, ’ most of the ‘should-haves, ’ and ANY of these, it’s the winner!
Having this list fleshed out before starting your search will save you period and frustration. It also lets your own agent know what features are most important to you before they start showing you houses in your desired area.
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