First, I’d like to wish you a happy and healthy New Year!
Now, on to the blog:
Being realistic is one of the biggest problems facing potential homebuyers. Many people dream of owning a mansion with every possible feature and amenity.
But unless you have an unlimited budget, you might have to give up a few of those dream features. What it really comes down to is figuring out which things are WANTS — and which things are NEEDS.
It’s helpful to ask yourself:
Where Do I NEED To Live?
We all know the old adage: “Location, Location, Location.” But most people need to live near work, or at least near major roads that make commuting easier. And if you have children, an area with good schools, culture, sports and activities is a “must-have” for you.
What Kind Of Home Do I NEED?
Sure, a 10-bedroom, 8-bathroom mansion with an indoor pool would be great. But do you (or anyone except The Brady Bunch) need all that? A few things you DO need: to know your minimum number of beds, baths and square feet; a list of locations to consider; and a good idea of what you can afford. (A pre-approval letter from a mortgage lender is a great start.)
Which Amenities & Features Do I NEED?
You need to think about what’s not negotiable for your day-to-day life. If you need a home office (a den, study or a spare bedroom), put that on the list. If a double oven is a must because you host lots of dinner parties, put that on the list. But as cool as it might be to have a heated, indoor, Olympic-sized pool, you probably don’t need it unless you’re training for the 2016 Summer Games.
Please remember: the better you are at identifying your WANTS — but focusing on NEEDS — the faster you’ll find the home that meets your needs and your budget.
You WANT and NEED a real estate agent who takes the time to help you make the best possible decision. I’m that kind of REALTOR® — so contact me at 267.566.3448 or email me at firstname.lastname@example.org today!
© 2013 by Shannon Rubin.