Buying a Home? Know What You Need vs. What You Want

Home / Blog / Buying a Home? Know What You Need vs. What You Want

Buying a Home? Know What You Need vs. What You Want

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 in order 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 to get 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 reduce frustration and save you time.

fb4984a0 fe53 4d93 aa0b 5a8e58f9fc4f dd2b226f c26c 4d6e 8e0e 76bdd1dfa139 ae03c160 911a 4658 a3ce add76a735499 0690f392 7b56 4e38 ab13 dd023d54b949 f2cc92ab 2eb6 4768 8f84 198447cb001b 7d56387f c65c 409c a7e9 7ec0cc5fdd5a 8b7466b9 3983 4d05 a9f5 120d66270ae4 3217af7b 68b8 4f01 9919 ada06a90ec73 8979113c 3aeb 47c0 bd49 36516f239575 de1dca72 71eb 4530 adce 1ca566119fcc 13e282e3 db6d 49d0 a2f7 ae78de678d5f fefef732 53b3 43a2 a538 0e82d5469ac0 a9e7e39d df4c 4456 89dc 2134b5f62b85 4f139ad2 37dd 440a 9f72 0ab044377e58 b698b0e2 6087 4316 9c16 55fd3f87fae4 b7c728bc 8b12 421b a416 f26f00ca3b09 e5ac1433 31e0 4241 81d9 6624ab14befb cbfff754 d625 4cba 8b89 2ed37a5443c2 5dc2d15e 7f82 4c22 a187 bb8172ca4334 848da925 5ab9 4b28 86c7 6cd8ef66aec2 08746038 4091 4291 8014 0ffd6fa66b07 8f6877ee 8806 4407 98c1 074f045be87e bebed2a9 c097 4819 a58f be208400d070