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The Difference between Wants and Needs when Buying a Home.

I find that when you’re shopping for a new home, it’s a good idea to create a checklist of what you want and what you need. It keeps you on track to ultimately find the property that best fits your requirements and those of your family.

However, there’s a big difference between WANT and NEED, that is important to understand when house hunting. A ‘need’ refers to a feature that is an absolute must in a new home. A ‘want’, by contrast, is a ‘nice-to-have’.

Some home buyers make the mistake of choosing a ‘Want’ at the expense of a ‘Need’.

For example, say you ‘need’ four bedrooms in your new home but ‘want’ a golf course located nearby. It can be tempting to fall in love with a property that has a beautiful golf green just a couple of blocks away, even if it has only three bedrooms. You may find yourself signing the offer while dreaming of Saturday morning tee-offs, only to awake to the realization months later that the lack of an extra bedroom has become a serious inconvenience to you and your family.

So, when you’re making your house hunting checklist, be clear about what is a need-to-have and what is a nice-to-have.

Don’t forget that some features you want — like a wrap-around backyard deck, for example — which can potentially be added to your new home later.

Want more tips for getting what you need and want in a new home? Call us today.

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