House Buying "Needs and Wants"
Before you begin your search for the perfect house, it is
important that you make a realistic "shopping list" in
an attempt to narrow your choices of properties. Hunting
for a home can be a time consuming process, especially if
you have not determined in advance the parameters of your
search. Many homebuyers make the mistake of misinterpreting
a WANT as a NEED. As a result, they often dismiss homes that
perfectly fit their needs in search for one that has their
wants. This is not to say that you cannot have what you desire
in your home--just that you must be able to differentiate
between what you truly need and what you would like to have.
Your budget must be the determining factor here, not a "wish
list." Note, also, that in the examples below, many
WANTS can be changed in a particular home (if the house doesn't
have that feature now, you can change it later).
Examples of NEEDS |
Examples of WANTS |
Enough square footage for comfortable living |
Carpeting color, paint color, exterior color, roof
color, etc. |
Enough bedrooms to accommodate your family |
Pool or Jacuzzi (unless for medical reasons) |
Adequate number of bathrooms |
Wood floors |
Eat-in kitchen |
Bay windows |
Garage or basement for storage needs |
Built-in entertainment centre |
Lot size to accommodate children's play area |
Walk-in closets |
Adaptation for Handicapped |
Skylights |
Proximity to a specific school |
A pretty view |
All living areas on single floor for health reasons |
Specific brand/types of appliances |
Take a few minutes to develop your own list of NEEDS
and WANTS. The goal is to put the emphasis on finding a house
that includes all of your needs and as many of your wants
as is practical--yet remains in your budget. Once you have
a clearer view of what your house will need to have, it will
be a great deal easier for us to find the perfect home for
you!
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