Needs vs. Wants

When the time comes to buy a new home, it is important to establish between what your needs are and what your wants are. Remember, the two are different. Buying a home can be an overwhelming and stressful process, so the more direction you have when you embark on this journey, the easier the process will be for you. Sometimes buyers are discouraged because it is hard to find that home that has everything you want and need. Establishing between your wants and needs will allow you to have somewhat of a ‘checklist’ system to find that perfect home.

Needs are considered to be those essential items or features that you just can’t live without. For example, you might need three bedrooms, or you might need to have a bungalow for accessibility. Location can be very important too depending on your lifestyle. You might need to be close to a bus route or public transit. Other necessities could be garages, a certain number of bathrooms, storage space etc…

Wants are those items or features that you would ideally like to have in your home, but could maybe make-do without. For example, a walk-in closet could be on your checklist, but if you found a home that has adequate storage space but no walk-in closet you may be able to sacrifice that feature. Other ‘wants’ could include changeable features such as stainless steel appliances or the desire to have an island in your kitchen.

Be sure to distinguish between your needs and wants. Consider your lifestyle now and your family dynamic when identifying needs. Is your family growing? By being prepared and having direction, the home buying process should be a much smoother transaction for you.

For any real estate assistance in the Oakville, Burlington, Milton area contact Mary at maryobrienc21@cogeco.ca  

 

Mary O'Brien

Mary O'Brien

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
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