First, make a list of all the things your home must have. These would be the non-negotiables (your needs). There’s a good chance that you’ll have to make certain concessions in your home search (e.g., “This house is perfect for us, except I wish it had/ didn’t have that one thing… but it’s not a big deal, and we can easily change or fix that.”). But don’t just “settle” when it comes to the things that you consider essential for you and your family to live both comfortably and happily for a considerable amount of time. Besides the obvious needs, such as a good, solid roof, a strong foundation and structure, and working systems, you’ll need to think about:
• Location • Minimum number of bedrooms • Minimum number of bathrooms • Finished and/or furnished basement • Garage • Stairs/levels • Yard (size, fenced-in, etc.), especially applicable to families with young children and/or pets • Patio or deck
KNOW WHAT YOU WANT
Next, make a list of the items that you would like to have in your home, but you could live without or change down the road (your wants). How do you know if something you want isn’t a need? One way is to think of wants or desires as features that make the home more attractive or enjoyable. Upgraded gourmet kitchen, walk-in closets, and master bedroom suites are generally considered wants (but to each their own). Consider also that one buyer’s need could be another buyer’s want. You need to focus on, and write down, what’s true for you and your situation. Perhaps you aren’t a fan of the home’s 100
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