Monday, April 30, 2018

How can I balance needs versus wants as I home-shop?

Here’s the trick to buying your best house: know what you need. Really, you only need a solid roof, good floors and walls, plumbing, heating, and lighting. Everything else is preference.
 
Imagine your dream home. Review each item that makes it ideal. Ask which items you could live without and which ones you would pay extra to have. Embrace delayed gratification. Items you want are often those you can add later. You can change features such as light fixtures, countertops and paint. Answering these questions can help you determine budgets for the home purchase and future renovations.

Make a list. Think about a home’s different features: bedrooms, bathrooms, lighting, landscaping. List characteristics of each. Determine which ones you need to have, would like to have and don’t want. This will help you avoid looking at homes you know don’t interest you.

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