Needs vs Wants🌀….But I WANT my dream home! ⁉️
Making sure you are able to differentiate your wants vs your needs will save you a lot of time and aggravation. 😀
‘Needs’ are things that are completely non-negotiable in your mind ✋. These will be different for everyone; for example, if you have problems getting up the stairs, a one story home will be a “need” 🏡.
‘Wants’ are things that you’d really like to have, but are not deal breakers. These are a personal preference and completely dependent on your lifestyle. 📫🔑
Think of your ideal home…💬
Does it have a huge plot of land for your kids to run around? 👫Or is it a high-rise condo overlooking big city lights? 🏙️ Where is it and what makes it special to you? If you’re ready to shop for homes, you should have already gotten a pre-approval from a lender 💵. So, with that price in mind, you may need to forgo some of the wants ✂️. This is where your agent comes in 🙋. One of the main roles of a real estate agent is to know the area, know what homes are going for, and about how much added features — like an additional bedroom or a pool — should add to the price.🙌
…then work backwards 👈
As you think about the things your dream home could have 😉, you may discover that there are features you don’t want to sacrifice and for which you’re willing to pay more ✅. Maybe it’s living within a school district you want, or even something less common like wheelchair accessible home🤝.
Sometimes, the wants are easy to distinguish from needs because you’ll find yourself saying “a pool 🏊might be nice.” But another way to look at it is: wants are things that you can add or change on your own. 👌
Everyone loves to look at marble countertops, hot tubs and master suites 🖼️, but make sure a home meets your practical needs before you start indulging your wants.
After all, the average home buyer stays in the house they purchase for an average of 9 years.
Lets make your investment worthwhile! 📲🏁🏡
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