Exploring Your Vision – What's on your wish list?
What’s on your wish list?
When you’re considering what you're looking for in your next home, it’s a great idea to make several lists for reference. Our process encourages buyers to create and refine these lists so that everyone involved has a realistic approach to the search. Every buyer will have a unique list; one person’s “must have” might be someone else’s “deal breaker”. Make sure that everyone who is going to be living at the new residence completes their own list independently, then compare and cooperate. Consider all the seasons while making your list.
Must Have’s: In addition to obvious things like the number of bedrooms or bathrooms, consider things that reflect your lifestyle as well – location, storage, garage, outdoor space, move-in ready or fixer upper. This list should be fairly short, only things that are of maximum importance.
Wish List: Items on this list would be considered “bonus” but not necessary - things like a fireplace, guest room, a deck, hot tub, man cave, mud room, wine seller, near parks/open space, or maybe even which direction the house faces. Get creative but don’t get crazy.
Willing to live with or willing change/fix: Here is where you decide how much work, time, and/or money you’re willing to invest in a property to make it your own. Does it need new paint, appliances work but are not ideal, furnace works but is not high efficiency, needs new carpet or wood floors refinished, needs to be landscaped, etc. Major repairs like a new roof or sewer line needing replaced might seem like they should be on the “Deal Breakers” list, but remember those things can also be great negotiating chips. Keep in mind whether you can complete the action items yourself or if you will need to hire someone.
Deal Breakers: Items that are a definite “NO”. Might include things like next to train tracks or a fire station, too far from work, busy street, no adequate parking, etc. Don’t hold back here, really consider and be comfortable with what you’re absolutely not willing to deal with, while at the same time trying to keep this list as minimal as possible.
Here are a few more questions to help you think through the process.
What are the features you liked most about the homes you have lived in previously? This might include style, floor plan, yard, view, or neighborhood.
What are some things you disliked about the homes or neighborhoods where you have lived previously, and that you would want to avoid in your next home?
What are the most important “must have” features of your ideal home and neighborhood? Why are they important? Any “deal breakers”?
How far along are you in the home finding process (just thinking about the possibility of buying a home, or definitely committed to making a move)?
What is your time frame? Is there a definite time by which you must be settled in your new home?
Who will be included in the home finding and buying decisions? Do you have a cohesive vision on what you’re searching for?
Have you ever purchased a home before? If so, how many, and how recently?
Thinking of previous home finding experiences, what were the most positive features of those experiences? If you have never purchased a home before, what are you looking forward to most in this experience?
Were there any unpleasant aspects of your previous home finding experiences you hope to avoid this time? If you are buying your first home, are there any issues or concerns you are worried about?
How do you plan to handle the financing of your new home? Are you aware of your financing options?
What are your expectations of us as your real estate professionals? What specific services and support do you expect?
Hope these help!
Shane and Denise Faddis