Before you begin your dream home search, understanding the difference between your WANTS and your NEEDS is an important first step! As you start previewing properties, you will likely have a dream list of ideas that you desire in your new home but the key is to identify whether those features are imperative. While it’s normal to fantasize about high tec., luxary amenities, we recommend you remain open minded when searching for your new home to assure we find the best home fit for you. Maybe your dream kitchen could be a possible future renovation plan which would allow you to acquire a perfect home fitting your current needs and setting aside your wants for the future.
The first step in the process is getting pre-approved so you are well aware of your budget and what you can and should be looking for as well as which location would be priced right for you. To keep your WANTS vs NEEDS in order, begin your process by first making a list to start realistic when searching for your home.
“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!
Remember to decipher between the necessities of your potential new home and those luxuries you can live without well before you begin your home search. This will ensure staying on budget and finding the perfect home for you within a short time period!