Accepting a house with the need for a new roof because the owner is willing to knock $7,000 off the listing price — but it will cost $10,000 to replace the roof in two years is not a sensible deal. Needs might include a minimum number of bedrooms and bathrooms, no steps, a fenced yard, perhaps a first-floor laundry facility, and any feature the prospective buyers have decided they cannot accept a home without. Desires are features that make the home more attractive or enjoyable — an upgraded kitchen, walk-in closets, big main bedroom suite. Of course, one buyer's need is another buyer's desire. The point is to know your own needs and desires to assess potential properties and easily make the process smoother. Make a plan! Buying a house is not a simple process. Some of the planning should be done before contacting a real estate agent or looking at homes. Choose a general location. Work the costs as well as your budget. Get in contact with lenders ahead of home shopping to know the price range of homes you should look at. Knowing the difference between your needs and your desires makes it easier for you to compromise if necessary. Needs are basic requirements that just can't be ignored. On the other hand, desires can be left behind if the situation demands it. A pool can be added later, and paint colors can always be changed.
A NOTE ABOUT PETS
Consider your pets in your home shopping. Homebuyers who own pets have specific requirements — they must provide for their pets. A third of millennial-aged Americans (ages 18 to 36) who purchased their first home (33%) say the desire to have a better space or yard for a dog influenced their decision to purchase the home according to a survey conducted online by Harris Poll on behalf of SunTrust Mortgage. Dogs ranked among the top three motivators for first-time home purchasers and
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