As the events of the last few years in the real estate industry show, people forget about the tremendous financial responsibility of purchasing a home at their peril. Here are a few tips for dealing
Drawing Up Your Dream House
After you’ve narrowed down the number of potential neighborhoods that have the qualities you deem essential to your future stomping grounds, it’s time to draw up your dream house. Make a list or illustration of the desired style, square footage, floors, bedrooms, bathrooms, backyard, etc. Jot down the things you absolutely cannot do without and those you can be a little more flexible with. For example: you may consider three bedrooms a must but deem an upgraded kitchen secondary in importance.
Now that you’ve settled on the necessary meat and potatoes (bathrooms and bedrooms) of a house, it’s time to start thinking about other features and amenities you’d like to have. HouseHunt offers a great, printable checklist to help you prioritize these features. Things to consider and add to this list of potential features include: a laundry room, sprinkler system, gym or exercise room and security system. Regarding the style and feel of the home, think about types of materials and finishes (for floors and countertops), ceiling height and type, roofing, bathroom fixtures and kitchen appliances you’d like in your dream home.
Be as specific and detailed as possible when putting your dream house specifications down on paper. This will save you a lot of time when deciding which homes to see during your hunt—those that don’t meet your needs can be eliminated immediately. However, be careful to keep an open mind. Just because the home was not built in the style you prefer or is a little bit bigger or smaller than desired, take a chance and see it anyways. Keep in mind that homes don’t come customized to you, but that you can always customize your home. Say your budget is $400,000 and you can’t find a property that you’re willing to purchase at that price. Why not look at homes priced around $350,000 and put the money you’re saving back into the property with customized updates? You never know, a house that was never on your map may become the home you fall in love with.
Sam Lepore is a Realtor with Keller Williams in Moorestown, NJ. Call him today at 856.297.6827 ....