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Determining needs vs. wants

Saturday, June 3, 2017 @ 12:00 AM
Posted By: Patty Bevan

  

When the time comes to begin your search for the perfect home, there's a good chance you have an idea of what you'd like to find inside it. An open-concept floor plan, hardwood flooring and a large backyard may be at the top of your list. It’s a good idea, however, to establish a solid list of needs and wants in order to avoid purchasing a home with a price tag beyond what your budget allows.

 

Your needs:  These are the must-have features that you can’t live without. For those with children, you will likely need a home with at least three bedrooms. For those who work from home, a home office will be a must-have feature. When it comes to bathrooms, be prepared to settle for a home with two. You will need one for family use and one for guests; a master ensuite is an added bonus. 

 

The kitchen is one space that many house hunters don’t want to compromise on, particularly the person who does the most cooking. When viewing homes, pay close attention to things like counter space, layout and cupboard space. These are factors that will come into play on a daily basis and cannot be changed without major renovation. 

 

Depending on the number of vehicles you own, having ample space for parking is a definite need. If you have children and/or pets, you will also want to consider outdoor space. A backyard doesn’t have to be huge, but many people consider it a necessity for little ones and/or pets. 

 

Your wants: Once the ‘sticker-shock’ sets in, you may find that items you originally thought of as “needs” can actually be categorized as “wants”.  It’s more important to stay within your budget than it is to buy a home that is loaded with extras. Granite countertops, an island and a marble backsplash would be lovely to have, but remember that you can always add these features down the road when you can afford it. The same goes for hardwood floors, a finished basement and a pool in the backyard. The best part about buying a home you can improve on is the opportunity to earn a return on your investment. 

 

 

Category: Home & Garden

(1) Comments    [Add a Comment]
#12 by Elena Hill - Aug 16, 2017 @ 1:48:23 PM
Hi, Am Elena Hill from Brooklyn, New York, USA. I would like to bring this to the notice of the public about how i met Mrs Micheal Nordmann, the managing director of Viva Loan Company after i lost my job and being denied loan by my bank and other financial institution due to my credit score. I could not pay my children’s fees. I was behind on bills, about to be thrown out of the house due to my inability to pay my rent, It was during this period my kids were taken from me by foster care. Then i set out to seek for funds online where i lost $3,510 that i borrowed from friends which i was rip off by two companies. Until i read about: VIVA LOAN COMPANY, contact them now vie email (viva_loan@cash4u.com)
 


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