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Assessing your Wants and Needs As a Homebuyer is More Important Today

Assessing your Wants and Needs As a Homebuyer is More Important Today

When it comes to buying a home, it’s important to be strategic, especially considering today’s affordability challenges. Mortgage interest rates affect the cost of obtaining a mortgage. To offset today’s rising cost of borrowing, some homebuyers are scouring their wish lists and reassessing the features they really need in their next home to avoid being overburdened.

That pool may be glamorous, but ask yourself if it’s really what you need to be happy in your next home. Is getting this pool the main reason you’re moving? Probably not. Rather, the need for more space, a home office, or being close to loved ones, friends, or work motivates you to make changes.

So if you’re looking to buy a home, take your time and think about what really matters in your next home. Make a list of all the features you want to see and from there organize those features into categories. Here are some great ways to organize your list:

  • Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle (examples: distance from work or loved ones, number of bedrooms/bathrooms, etc.).
  • Nice-To-Haves – These are features you’d love to have but can live without. Nice-to-haves aren’t dealbreakers, but if you find a home that hits all the must-haves and some of these, it’s a contender (examples: a second home office, a garage, etc.).
  • Dream State – This is where you can really think big. Again, these aren’t features you’ll need, but if you find a home in your budget that has all the must-haves, most of the nice-to-haves, and any of these, it’s a clear winner (examples: a pool, multiple walk-in closets, etc.).

Once you’ve categorized it in a way that works for you, discuss your top priorities with your real estate agent. Remember to think carefully about what’s a non-negotiable for your lifestyle and what’s a nice-to-have that’s more of an added bonus. Be sure to discuss where each feature falls with your agent. They’ll be able to help you refine the list further, coach you through the best way to stick to it, and find a home in your area that meets your top needs.

Your Home Sold Guaranteed - Couture Realty Team
When it comes to buying a home, it’s important to be strategic, especially considering today’s affordability challenges. Mortgage interest
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