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Determining Your Home Needs vs. Wants

Determining Your Home Needs vs. Wants

Are you contemplating a home purchase, with a list a mile long of things that your new home “must have” in order for you to invest in it? When shopping around, it is a good idea to have a clear picture and distinguish between your “must haves” vs “wants” in a property. Taking the time to think about this carefully will help you with your house hunt and finding the perfect home for you.  

Why is it important to differentiate a “must have” vs a “want” when it comes to purchasing a home? 

  • Prevents emotional buying
  • Eliminates homes from your search that are not the right fit
  • Helps you make appropriate compromises
  • You will be able to act quickly when the right property comes along
  • Clear wants versus needs help your real estate agent find quality listings for you to view

Essentially, home buying must-have’s are items you cannot live without. There are the obvious items like working plumbing, electricity, and heating, as well as safety and accessibility features. Other considerations should include how many rooms are needed to fit your family, whether you need a yard, the layout of the home, if there is sufficient parking, etc. Location, space and budget should be added to this list of non-negotiable things to consider - if the home doesn’t meet these needs, then move on.  

A home buying want is something you really want for your home to have, but you are willing to compromise if the property doesn’t have these items. For example, you would really love a third bathroom and a fireplace, but you would be happy to forego these two requests because a home has everything else you are looking for in the needs column. When it comes to aesthetics, ask yourself if something can be changed down the road to meet some of your want requirements, it still might be possible in your chosen home, but may take some work to attain.  

Ready to see what’s available in the Shuswap area with your list of must haves and maybe even the wants? Connect with our team and we’ll send your list of homes over. 

Craig Shantz
RE/MAX Shuswap Realty


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