Making Sure Your “Wish List” is Complete

Before shopping for a new home, people often create a “wish list” of the features they desire most. That’s a good way to ensure you choose a home that best fits your needs and desires. For example, you might want an extra bedroom for guests, ample space for a home office, a local playground for the kids, and so forth.

However, many buyers don’t make their lists complete enough. You might find a home with the extra bedroom and nearby playground you want, only to realize, too late, that your commute to work becomes twice as long. You missed the importance of the commute because it wasn’t on your list. Ouch!

When you make your wish list, don’t be afraid to dream big. You might not be able to find a home that includes everything you desire, but you may be surprised by just how close you can get.

Here are some wish list items to consider:

  • Distances to places you visit regularly – work, schools, running trails, restaurants, entertainment venues, shopping.
  • Specific home features – a backyard tree, large closets, a fireplace, a two-car garage, a beautiful view.
  • Characteristics of the area – safety, sidewalks, nearby public transit, parks, playgrounds.

A complete list helps you make a better decision about which homes to consider. It helps you balance the positives — “I love the large kitchen with the marble countertops” — with the negatives — “The bathroom off the master bedroom is small” — to ultimately make the best buying decision.

Also remember to take your list with you when shopping for a new home. Use it as a checklist or as a way to organize notes. Ultimately it will make it easier to shortlist homes, compare them, and determine when you’re ready to submit an offer.

When to Consider Buying a “Diamond in the Rough”

Let’s face it. When you visit a home during a scheduled viewing or open house, you’re usually seeing it at its best. The rooms are tidy. The sinks are clean. The closets are organized and uncluttered. Even the lighting is set to its brightest.

That’s just good old-fashioned marketing.

However, not every house you see will actually look this way. For any number of reasons, a house on the market may be less than tidy, poorly decorated, and even in need of minor repairs. You may open the front door in anticipation, only to be immediately turned off by stains on the carpets, faded paint on the walls, cluttered hallways, and more.

First impressions form quickly. It’s easy to make quick judgments and move on. But, you may be passing on what could be a dream home.

Don’t make that mistake. Make your purchase decision based on a carefully considered second impression, not just your first.

When viewing a house, imagine how it will look with a fresh coat of paint, some redecorating, the minor repairs completed, and your furniture adorning the rooms. You might just find that a home that doesn’t show well is really a diamond in the rough.

(One caveat: Be careful of houses that don’t look like they’ve been well maintained. There could be issues lurking that require expensive repairs or renovations. Always make a professional home inspection a condition of your offer.)

There are advantages to buying a home that doesn’t show well. They attract less interest and, therefore, less competition from other potential buyers. The listing price may be lower too.