Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes. But if you know which features are absolutely essential in your next home and which ones are just nice bonuses, you can land a home that fits your needs.
Danielle Hale, Chief Economist for realtor.com, explains it like this:
“Focus on the goal you set out for yourself, like your list of must-haves and nice-to-haves and your budget, . . . Stick to that. Be persistent.”
So how do you go about creating your list of desired features? The first step is to get pre-approved for your mortgage. Pre-approval helps you better understand your budget, and that plays an important role in how you’ll craft your list. After all, you don’t want to fall in love with a home that’s too far out of reach.
Once you have a good grasp of your budget, you can begin to list all the features of a home you would like. Here’s a great way to think about them before you begin:
- Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle (examples: distance from work or loved ones, number of bedrooms/bathrooms, etc.).
- Nice-To-Haves – These are features that you’d love to have but can live without. Nice-To-Haves aren’t dealbreakers, but if you find a home that hits all the must-haves and some of the these, it’s a contender (examples: a second home office, garage, etc.).
- Dream State– This is where you can really think big. Again, these aren’t features you’ll need, but if you find a home in your budget that has all the must-haves, most of the nice-to-haves, and any of these, it’s a clear winner (examples: farmhouse sink, multiple walk-in closets, etc.).
Finally, once you’ve created your list and categorized it in a way that works for you, review it with trusted real estate advisors like Mari Sennott Plus, who live and work on Cape Cod. Engaging your uncle’s best friend’s son who lives north of Boston and just got his license is not necessarily the best move.
As local realtors, we’ll be able to help you refine your list further based on our market; coach you through the best way to stick to it, and find a home on Cape that meets your needs.
Let’s connect at 508-360-5664 or email@example.com so we can get started.
With spring cleaning comes a stack of important documents that you probably shouldn’t put in the trash or recycle. But, what to to? We have the answer.
We’ll have a truck from Great White Shred available from 9:00am to Noon in the parking lot of Today Real Estate, 299 Cotuit Rd., on Saturday, May 7, for you to safely dispose of your important documents. With identity theft being a major concern, please take advantage of this opportunity.
We hope the Easter Bunny is good to you!
Mari and Hank