When you are purchasing a home, whether it’s your first home or an upgrade to a larger home, you probably have a grand image in your mind of what this home is going to look and feel like. But before this image gets too grand, you want to make sure you’re keeping in touch with reality on what’s affordable to you and what is non-negotiable.
What are the must-haves and what are the things that simply do not work in your current price range?
Be honest with yourself about what is needed in your new home. First time homebuyers should particularly pay attention to what features are in homes in their price range and what features they want that may have to be sacrificed. Make sure you have a discussion with your spouse, kids, or whoever is involved in the home purchase. Find out the common themes that exist between all the decision makers in your home buying process.
Make a list on the necessities.
If you are looking at both townhomes and single-family homes, then weigh the pros and cons in living in either type of property. Decide on what areas are most important to you (and your family). Examine school districts, neighborhood amenities, accessibility to lifestyle, commute to work, etc.
Sit down with your realtor and have an honest conversation.
Your realtor only knows what you tell him or her. Make sure you are communicating on a scale from 1-10 (10 being the highest) how important certain feature are to you. You’ll save a lot of time and confusion in your home search process by being specific. When you do start your home search, rate each home each time you leave it. Ask yourself (and your spouse or family)—Can I live here? It’s a simple Yes or No.
For help on deciding what features are important to you, ask us for a copy of Your Property Wish List.