Find A Home – Needs Versus Wants –
Find A Home Property Criteria – What do you need?
Make a list
It’s a good idea to make a list that’s broken down into:
Must have – These are the features you decide the property has to have. It could include things like the minimum number of bedrooms, off street parking, etc.
Would like – If you can afford a property with most of these features you’re going to be satisfied.
Wish list – You realise these may not be affordable at this stage in your financial plan, but if you can get any of them you be pleased.
The “must have” list allows you to speed-up the selection process, by immediately rejecting any property that doesn’t fit. If you’re using a real estate agent in your search you can tell or show then your list and tell them not to show you anything that doesn’t fit your criteria.
Be careful not to become too emotional and fall in love with something that won’t satisfy your must have list.
Some considerations for your find a home list:
Price – Don’t burden yourself with too much debt, that will stress you out with a financial struggle.
- Number of bedrooms
- Garage/carport/off street parking
- Access – walk to, or drive to.
- Condition – Just unpack and live or renovate and/or repair.
- Section size
- Public transport proximity
- Minimum number of bathrooms and/or vanity sinks available
- En suite
- Walk in wardrobe
- BBQ area
- Swimming pool
- Spa pool
Future maintenance – Brick doesn’t have to be painted. Wood generally requires painting or staining to maximise the lifespan.
House style – Old villa or modern.
You may be able to go through your current accommodation and what’s lacking.
Once you’re “must have” list has been satisfied you can let your feelings influence you’re decision.
Find A House – What Do I Need Versus What I Want
Go back to the start of Buying A House Guide
House Buying Guide page order:
1. Pros And Cons Of Owning Versus Renting.
5. What Do I Need Versus What I Want. This Page.