Shopping For A New Home? Get A Want vs Need Checklist Together

Shopping For A New Home?

Get A Need vs. Want Home Checklist Together

Location, budget, bedrooms/bathrooms, features, layout are all taken into account when you are looking for the right home. But, remember that homebuying is also an emotional experience for many of us. If you fall in love with a house, it is easy to lose track of what is really important for you and your family, and to overlook potential flaws. This all makes a needs vs. wants checklist an important home buying tool that will help you by:

  • Saving you time because you will not be touring homes that don’t ‘fit’.

  • Helping to place your emotions aside.

  • Letting you and your spouse/partner get on the same page.  

  • Making optimal decisions for your personal budget.

  • Allowing you to act quickly and confidently when the right home comes along.

  • Making your agent’s job easier so they can focus on homes that work for you.

What Is A Need Vs. A Want? | Simply put, needs are your deal-breakers - like a single-family home, not a condominium home etc. Perhaps you are only interested in a particular neighborhood, or you must have three bedrooms. Think about what are your essential needs that would be impossible to change. Your wants are optional to varying degrees. You can live without wants, or possibly add them later (like new appliances etc.). 

The Right (Hard) Questions To Ask Yourself | How long do you plan to live in your home? What do you love or hate about where you live now? Remember that your needs may be a moving target. First-time buyers probably do not stay in that home forever. Consider both your short and long-term housing goals. Are your expectations realistic? Homebuying involves compromises and tradeoffs. Hint: you can work on your realism by visiting open houses before you intend to buy to see what is really available out there. Are you willing and able to remodel? Do current building codes allow it? Do you know the realistic costs of remodeling? 

 

The Checklist | Are you ready to start on your checklist? This checklist is fillable and created by FrameworkHomeownership.org. It is one of the best that we have seen. Hint: if you are purchasing with a spouse/partner, consider asking them to fill it out separately and then compare. It will probably be an eye opening conversation starter, but well worth it. 

After you complete your checklist, contact us to connect with a REALTOR® to get started. Happy home shopping.

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