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

Keith Kreis
Published on September 16, 2017

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

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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!


Ask Keith Your local Agent

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.

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


Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!

If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year: Guide To Buying a House

Freddie Mac

While full employment and rising inflation are signs of a strong economy, they also have the potential to push mortgage rates and house prices up. The higher rates and higher prices create significant affordability concerns, which may continue to characterize the housing market for the rest of 2017.” Guide To Buying a House

Read more… Guide To Buying a House

Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!


Why You Should Consider A Real Estate Agent

The Problem

Purchasing a home is for most people, the single largest investment they will make in their lives. How will you approach the most important financial decision that you might ever have to make? Guide To Buying a House

A labyrinth of obscure rules, regulations, and unscrupulous sellers looking to make a quick buck await you entering today’s property market. Every year, the lure of a fast, profitable deal without professional assistance leaves many prospective home owners disappointed, paying out of pocket and having wasted countless hours. Guide To Buying a House

The Solution?

Read more… Guide To Buying a House

Why You Should Consider A Real Estate Agent

 

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