The Realistic 'Wish List'
When you Google "tips for home buyers," you get a plethora of real estate advice. 99% of this advice is great and you should follow it. Set a budget, get pre-approved, find a great real estate agent, understand the true costs of ownership, etc. One of the the tips that I didn't see on a lot of these sites was the realistic 'wish list' tip.
When buying a home you should come up with a 'wish list' of what you would like your home have, and the location you would like it to be in. Now, when you come up with this list you have to keep your budget in mind. We would all love an infinity pool and full gym but if your budget is $200,000 you're dreaming a little too big!
Once you have comprised your list, you need to look it over and decide what your deal breakers are. These are the things that you have to have. If you have kids and a dog, a large fenced in back yard might be one of those deal breakers. If you love to cook, an updated kitchen might be the deal breaker. Once you identify your must-haves, take a look at the rest of your list. Would you be willing to compromise on the other things on that list if a house in your price range had your must haves? Unless you are building a house, or just stumble upon real estate nirvana, you are probably not going to get absolutely everything you want. There are things that you must be willing to compromise on.
It's good to have this list ahead of time so that your real estate can know which direction to take you in.
Comment below and let us know what's on your Wish List!!
My wish list is extremely limiting with many hopes, but I thought I would mention at least 1 here:
1. Must have windows in the basement such as an Egress window!!
The tip I liked most is "Know what you have to give up and sacrifice to get what you want, and be willing to pay that price!"
Post a Comment