Buying a Home? Know What You Need vs. What You Want

In this day and age of being able to shop for anything 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 some time now, you’ve probably come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers fantasize about the amenities that they see on television or Pinterest, and start looking at the countless homes listed for sale through rose-colored glasses.

Do you really need that farmhouse sink in the kitchen in order to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Could the ‘man cave’ of your dreams be a future renovation project instead of a make-or-break right now?

The first step in your home buying process should be to get pre-approved for your mortgage. 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 to list all the features of a home that you would like, and to qualify them as follows:

  • ‘Must Haves’ – if this property does not have these items, then it shouldn’t even be considered. (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 does not need to have all of these features.
  • ‘Absolute Wish List’ – if we find a property in our budget that has all of the ‘must haves,’ most of the ‘should haves,’ and ANY of these, it’s the winner!


Bottom Line

Having this list fleshed out before starting your search will reduce frustration and save you time.

eaefb5a7 0364 47f9 afeb 250c4cc869ef 2275d341 ba39 4738 bcad 8a366339c12b 7439dfdd 4e92 4ffb 81a4 5b9234016710 a3070d78 e454 4a48 bc99 0be6be1fbacd c812d5ec 17a1 4b21 bcfc 385d6ffb2441 5b378814 7dfc 433f 8b6a c6914d524552 c0807e10 03fb 4cb8 9751 fdbc935bbce9 c03a5cb3 f875 4754 a8a1 faa9d45c9176 86e54e12 f636 4648 8751 6619942f74c1 4586f1a3 9064 4765 b65f 606fd2d5bfba bc443bd7 e9c4 4840 b9fa 78aa75e287ac 36bc5f26 c226 4620 b1f1 e11a3fc15b83 c1ddb723 73a2 4e80 8454 ebaed831bcbe 180cd82a 219c 4ba3 af06 928bba62c668 cb8576b6 6c6f 4637 9df0 b9e1b6f71c4d bb4f1981 8536 402e ba23 bf3f156d2aa9 2e72d74a 166e 49f3 b045 d98f176581b8 eb717085 4998 4ad8 8ecd 21cf1d46d170 2103bb2f 62e9 4028 b33e 08da64124fd4 0fcffa6e ebcf 48f8 9557 dcdfbdbd073f 3cb2f2c3 4039 45eb 9cce 6da0a2c8b41e 178f0b17 42f4 499d bb8a 062dd2f2f824 5166fd61 457d 413e 8665 bcdb229736e6