Before heading out in-person, we recommend putting together a checklist of your top priorities and ranking them in order of importance.
LIST OUT NEEDS VS. WANTS
Have your eye on a certain type of home, a list of preferred amenities, or a specific location? It helps to organize your list into Needs and Wants.
This can help:
- prevent emotional buying;
- eliminate homes that likely won’t work for you;
- help you make appropriate compromises; and
- make your real estate agent’s job easier.
Here are 4 things to consider when making your list:
1. What are your location priorities?
Educate yourself about your target neighborhood—economic conditions, crime rates, family friendliness, schools, neighbors, amenities, utilities, and commute time, to name a few. Do your online research and ask your real estate agent to help you find this information.
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2. What home features are non-negotiable?
Whether you’re thinking about architectural styles, or perks like a pool, online listings may help you decide what is a deal-breaker and where you’re more flexible.
3. How long do you plan to live in your new home?
The National Association of Realtors
says the average homeownership is about 13 years. But everyone has different goals. Be sure to consider your long-term goals before ruling out any potential homes.
4. What have you learned from your current living situation?
Your current home should inform your checklist for your next home. It’s easy to list out the common negative issues (not enough bedrooms, lack of a remodeled kitchen) but try to think positive. What do you love about your existing home?
Identifying these details can help you find a home you love.