With so many homes for sale, it's easy to sift through hundreds of homes for sale in a particular area and decide that all of them -- or none of them -- make sense for you.
Understanding more about what you want in a home and what you can't live without will help you make a more informed decision about which house you buy.
Your Nextage Realty Professionals agent can give you a Property Feature Checklist to help start the process.
- You (and your spouse or partner) should each write down everything you want in a home; from your school district and your neighborhood of choice, to the location within the neighborhood, the size of the home, its amenities, and even whether the home is a condo, co-op, townhouse or single-family residence. Do you want attached, indoor parking? Do you want a home that's a fixer-upper or one that has already been renovated? Write it down.
- Prioritize everything on the list. Your list will be different from your spouse's or partner's list. Even if you have the same items on your wish list, your priorities will be different.
- Once you've prioritized your wish list, it's time to think about what you actually need to live. Your "needs" are items that you can't live without. This is your reality check." Once you and your spouse have each completed your reality check, it's time to prioritize the items on this list as well. Organize the list starting with the most important item on top.
- Combine your individual wish lists and reality checks into one wish list and one reality check. By discussing what is most important to each of you, agreeing on what you need, and compromising on the rest will set the stage for meeting with your agent. Your search for a home will take less time and involve less stress if you have completed this step prior to looking a property.
Remember, you can change almost everything about a house except its location
This exercise is also valuable because most buyers figure out in this process that they probably can't afford to buy a home that includes everything on their wish list. While exotic mortgages made that possible in the last several years that is not true in the current mortgage market. When looking at financing options be sure to look at a standard 30-year fixed-rate mortgage (FHA has one of the most affordable programs).
This information is meant as a guide. Although deemed reliable, information may not be accurate for your specific market or property type. Please consult a REALTOR® Professional for more information on making a written offer.