All You Want May be More than You Need
Home ownership is the cornerstone of the American Dream. This dream, however, may not show you how, specifically, you get into this home. It’s normal for you to work for years before you find the person that you want to share the rest of your life with, and to continue working until you’ve saved enough for a downpayment on a home. Once you’ve got enough money for a down payment, the fun and challenging part really begins: which home gets your hard-earned money? Many people take pleasure in checking out what this home and that home has to offer, and seem to really enjoy hearing about the history of each home. For those for whom this is not the case, this is a tedious process with one huge benefit: the end!
Figure Out Your Bare Minimums
Take a good, long look at your financial and family situation. If you have three children, you should avoid homes with only two bedrooms, and limited living space, if you can possibly afford to do so. If you’re not interested in being in a townhome, let your real estate agent know, if you have one. If you and your spouse, or you’re on your own in this and decide for yourself, don’t want to have to deal with noisy neighbors, it’s a good idea not to choose to purchase a condo. Make sure that you know your exact minimums for your new home, or you could be stuck somewhere for years.
Figure Out Your Non-Negotiables
With knowing and evaluating your bare minimums come the non-negotiables, or additions to the bare minimums that one refuses to be without. For some, it’s parking while apartment hunting. For others, it’s an easily-accessible grocery store while searching for a home to buy. It is helpful to make a list of your non-negotiables with anyone with whom you’re home-hunting. This will also make your conversations with real estate agents more productive.
Finding a new place to live will not happen overnight, even in high-stakes markets like New York, and Los Angeles. Even in cities where there are housing shortages, it is imperative that you keep your cool, and think about every home in which you’re interested in investing your time and your money. If you’re not sure about one place right off the bat, don’t rush in. Even if you’re very sure about a property, give yourself peace of mind, and take your time asking questions, and deciding. When you are ready to hand over that down payment, or deposit, do so with confidence.
When you’re looking for your dream home, it may not look exactly the way you envision it. People look for a perfect home inside and out, and your perfect home could have a different look than you think it will. You dream home may also be just outside of your ideal commute to work, but you will have already decided how far you’re willing to travel when you make your list of non-negotiables.