Homebuying needs and wants

Amidst all the viewings and charming curb appeal, it's crucial to stay grounded in reality. This is where understanding the difference between your needs and wants in a home becomes essential.

Needs

Needs are the non-negotiables, the features that are absolutely necessary for your lifestyle. These form the bedrock of your home search and will help you avoid the emotional decisions that might lead to regrets later on. Here are some common needs to consider:

Number of bedrooms and bathrooms

This depends on your family size, living situation, and future plans. Do you need a dedicated guest room, or home office space that could double up as a bedroom?

Square footage

Consider the amount of space you truly need to make for comfortable living. Don't get caught up in square footage if a smaller layout that allows you to make efficient use of the space meets your needs.

Location

Think about your commute, access to essential amenities like supermarkets and schools, and the overall neighbourhood feel. Is a quiet suburban setting your priority, or do you crave the energy of a downtown location?

Budget

This is perhaps the most crucial need. Be realistic about what you can afford and factor in not just mortgage payments but also things like council tax, insurance, and potential maintenance costs.

Wants

Now comes the fun part - wants! These are the desirable features that would enhance your life but aren't deal-breakers. Here's where you can dream a little and personalise your home search:

Architectural style

Do you have a soft spot for Victorian charm or a penchant for a modern, minimalist aesthetic?

Outdoor space

Dreaming of a sprawling backyard for barbecues, or is a cosy balcony for morning coffee sufficient?

Amenities

A finished basement, a gourmet kitchen, or an extension - these features add value but come at a cost. Consider which ones are truly important to your lifestyle.

Move-in ready versus renovation project

Are you handy and willing to tackle some DIY projects, or is a move-in ready home a top priority?

Prioritising your list

It's natural to have a long list of wants, but remember, your needs should take precedence. Here are some tips to prioritise:

• Discuss with your family (or partner) if you're buying together. Ensure everyone's needs are considered, and come to a consensus on the must-haves and nice-to-haves.

• Be realistic about your budget. Don't stretch yourself too thin to accommodate every want.

• Consider future needs. If you plan on expanding your family, a three-bedroom home might not be enough in the long run.

Finding the perfect balance

The ideal home is where your needs are met comfortably, and some of your wants are sprinkled in along the way. Don't be afraid to compromise on some of the things you’re after in a property, but don't settle for somewhere that doesn't fulfil your core needs. 

By creating a clear list and prioritising wisely, you'll be well on your way to finding a home that feels not just like a house, but a perfect fit for you and your loved ones.

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