Looking For Your Dream Home Know What You Want Vs What You Need

Dated: 09/12/2017

Views: 81

Looking for Your Dream Home? Know What You Want vs. What You Need

Looking for Your Dream Home? Know What You Want vs. What You Need | MyKCM

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.

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

The 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.

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.

Arthur Stewart

I’m sure we all agree that this market has had its share of ups and downs. You need a realtor who is creative and aggressive to guide you through the market. Getting the right information makes all ....

Latest Blog Posts

6036 Buttercup Ct Alexandria Va Open House Sep 22

Come out to the Open House on September 22, 2017 from 1:00 pm - 3:30 pm at 6036 Buttercup Ct, Alexandria, VA 22310. This  renovated 3 bedroom, 2 full & 2 Half bath town home with 3

Read More

An Easy Way To Get Top Dollar For Your Home

If I told you that there was something you could do to help sell your home faster and it would only take a weekend, would you believe me?  What if I also told you that all you would need to do

Read More

What Kind Of Insurance Do You Need As A Real Estate Investor

What Kind of Insurance Do You Need as a Real Estate Investor?by Brandon Turner | BiggerPockets.comInsuring an investment property is something every investor will want to do.In truth,

Read More

Top 5 Reasons Why Millennials Choose To Buy

Top 5 Reasons Why Millennials Choose to Buy [INFOGRAPHIC]Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and

Read More