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Know Your Dream Home Wants vs. Needs

Shannon Jones

Shannon Jones has been selling real estate since 1998 and specializes in listing and marketing homes...

Shannon Jones has been selling real estate since 1998 and specializes in listing and marketing homes...

Feb 9 3 minutes read

In our current day and age of being able to shop for anything anywhere, it's more important than ever to know what you’re looking for before you start your home search. This is especially true once you start diving into the world of online listings and have page after page of local homes at your fingertips featuring every architectural style, addition, remodel, and amenity imaginable.

If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers fantasize about the amenities that they see on their favorite real estate television shows or featured on Pinterest, and start looking at the countless homes listed for sale through rose-colored glasses.

But do you really need that farmhouse sink in the kitchen to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Could the ‘man cave’ of your dreams be a future renovation project instead of a make-or-break right now?

The first step in your home buying process should be getting pre-approved for your mortgage. This allows you to know your budget before you fall in love with a home that is way outside of it.

The next step is to list all the features of a home that you would like, and to qualify them as follows:

  • ‘Must-Haves’ – if this property does not have these items, then it shouldn’t even be considered (ex: distance from work or family, number of bedrooms/bathrooms).
  • ‘Should-Haves’ – if the property hits all of the ‘must-haves’ and some of the ‘should-haves,’ it stays in contention but does not need to have all of these features.
  • ‘Absolute-Wish List’ – if we find a property in our budget that has all of the ‘must-haves,’ most of the ‘should-haves,’ and ANY of these, it’s the winner!

Bottom Line

Having this list fleshed out before starting your search will save you time and frustration, while also letting your agent know what features are most important to you before starting to show you houses in your desired area. Having your dream home priorities in order also helps you cut down on the list of potential homes you're looking at, can focus your search areas to a particular district or neighborhood, and can help your family reach a consensus on must have features before getting emotionally  invested in any properties.

Let us know if you have a question about your dream home

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