Home Buying-Must Have’s Versus “WANTS”

Home Buying-Must Have’s Versus “WANTS”

When searching for a new home you probably have a check list of all the things you are in search for in your dream home. Some of your MUST HAVE’S may be:

• Location

• Bedroom Count

• Wood Floors

• A Fireplace

• A Pool

• A Big Backyard

• An Updated Kitchen

• Etc……..

Though all these “Must Have’s” look great on paper and doable, often times your MUST HAVE list is not going to be completely fulfilled. This is the realistic reality of home buying. You may find the perfect home but it lacks something. For instance, those wood floors are not wood they are tile or that pool you wanted isn’t there.

Although it is great to have a list of MUST HAVE’S often times you will need to decide what’s most important and what can be done without or completed at a later date.

Let’s face it, our budgets will dictate what those HAVE’S will in fact MUST be. There are many things in real estate that cannot be changed or that can’t be easily changed. All these factors play a great deal in resale value of your home. For instance:

• Lot Size

• Lot Location

• Area of Town

• School District

• Square Footage (Which can be changed but not so simply)

That pool that you must have, can be built at a later date if the home is perfect in every other way. The updated kitchen may not be so updated just yet but if that home has every other feature you are in search for, consider updating the kitchen later.

Unless your budget matches all your wants, it is likely that you will have to sift through and decide what’s most important to you when searching for your dream home. This is why having a Realtor represent you in any real estate transaction is extremely important. Your agent will be able to guide you to the homes that best suits your needs. Call me today and I would be glad to help! 713-922-9754

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