Tag: needs vs wants

Shopping for a home? Let’s look at Needs vs. Wants

Needs vs. Wants

Housing is a need; wants are items that help you live more comfortably. Wants are not completely necessary but certainly nice. For example, can you live without a private pool? yes. Can you live without a kitchen? Probably not.

When starting your search, be flexible. Give yourself the opportunity to explore options. You will start with a list but more than likely this list will change as you are introduced to more homes.

Be prepare for the likelihood that you won’t get everything you want. There will be compromises, trade-offs and finding the best possible property for you and your family. One home might lack a game room but its in a perfect location. Another might have a great yard but will force you into a longer commute. Decisions, decisions, decisions…

The MOST important decision is location. This is something that cannot be changed. You can renovate a home, add a bedroom or bath, etc. but you cannot move the home. Explore the surrounding area. Do you like the proximity to work, shopping, school zoning, restaurants, friends and family?

Check out this worksheet that can help you through the deciding process.