Shopping For Your Dream Home? Wants vs Needs

dream home

Are you shopping for your dream home? 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. Making a list of wants vs needs before you go online or speak with your Realtor will save you a lot of time and possible disappointment. Ready to start shopping now?  Start here: Affordable Homes in San Antonio

If you’ve been thinking about buying a home of your own for some time now, you’ve probably have already 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 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?

wants vs needsThe first step in your home buying process should be getting 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. Get started with our preferred lender, Josh Sigman at Legacy Mutual Mortgage.

Wants vs Needs

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 save you time and frustration, while also letting your agent know what features are most important to you before starting to show you houses in your desired area.

Leave a Reply

Your email address will not be published. Required fields are marked *