Why the Big Fuss about Wants vs Needs?
Because buyers who try to get everything may end up not getting a home at all! Dividing your desires into the two lists will kindly force you to reveal to yourself what is truly the most important quality in a home. This allows you to start your home search based on your highest priorities and save you endless time and frustration.
The definition of a “Want” is something you’d like to have & that you could change over time, such as:
- Paint and Carpet
- Deck, pool, hot tub
- Hardwood floors
- Specific style of home
- Remodeled kitchen or baths
- Fireplace or wood stove
- Newer windows
On the other hand, a “Need” is anything that you absolutely must have and that you cannot easily change. Examples would be:
- Enough space for your lifestyle
- Number of bathrooms
- Garage or storage area
- Home office
- Yard size
- Neighborhood, safety, good schools
- Decent working furnace
- Updated wiring & plumbing
At first, Wants will try to sneak into your Needs list! A great home buying tip is to be tough with yourself now to make it easy later. Remember, this is your first home, you’ll get more of your “Wants” in your next home.
Can’t seem to find what you want in a home? Go back and look long and hard at this list.
If you have trouble finding what you are looking for in a home, you really only have two choices, pay more, or reduce the number of “Wants” so you can get a home that fills your “Needs.” These tips for buying a house should make the process much easier for you.
Even people who buy million dollar homes can’t get all of their “Wants” in a home!
Thinking of buying a home in the Portland, Oregon area? Checkout our First Time Home Buyer Classes!!Why You Must Divide Wants vs Needs ,
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