CHAPTER 5 What You Need vs. What You Want
After deciding to buy a home — and before beginning the home- search process — you need to know what type of home you’re looking for. It’s an all-round good approach to have a fairly concrete vision in mind regarding what types of features and amenities you’d like in your home. There are many different types of properties out there, and knowing what you need in a home, as well as what you’d like to have, is important so that you can narrow down your search and really focus on a specific type of home, which will save you a lot of time. It will also help you get into a home that meets your needs.
NEEDS VS. WANTS
It’s also important to understand needs vs. wants. Imagine your dream house; it fulfills all your needs and wants, such as a good roof, sturdy foundation, modern fixtures and appliances, appropriate living spaces, and enough functional rooms — as well as those extras, such as perhaps a gourmet kitchen; a huge fenced- in yard; a finished, furnished basement; even a swimming pool. Now, keep in mind that it’s rare for anyone to get exactly everything they want in a home and yard, in the area and neighborhood they want, at the right price. Affordability is certainly an issue, but price aside, homes rarely have everything exactly the way buyers want them. You’ll need to determine what you’re willing to concede (a desire) and what you will absolutely not give up (a need).
41
Powered by FlippingBook