CHAPTER12 What You Need vs. What You Want
If you choose to purchase a single-family home, townhouse, or condo (rather than renting an apartment or opting for retirement community living), then follow these steps in the next few chapters to ensure you find the home that’s just right for you, as well as get a great deal. First, we’re going to look at what you need vs. what you want as far as what type of home you’re looking for, and then we’ll move into how to search for the right home, a 12-step guide to buying a home, home loan shopping, and finally how to negotiate as a buyer. This chapter will get into what you need vs. what you want for your next home purchase, whether it’s a small single-family house, a townhouse, a condo, or even an apartment. After you decide to buy a new home for the next exciting chapter of your life, and before you begin the home-search process, you should know what type of home you’ll be looking for. It’s important to thoughtfully consider and then make a comprehensive list of what you need in your new home, as well as what you’d like to have (what you want). Doing this will not only help you find a home that meets your needs as you enter your senior years, but it will also save you considerable time in narrowing down your search.
NEEDS VS. WANTS
First, learn the difference between needs and wants as far as real 104
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