Whether you are a first time home buyer, upgrading to a larger home, or downsizing to a smaller one, when you know it’s time to buy a property it is easy to wonder where to begin. Since you will be living in your home for typically at least 3 years, you want to find a place that will fit the way you live.
The first step is to obtain loan pre-approval so that you know what price range to be looking in. For the next step, I recommend making 2 lists. The first list should contain your priorities: the features you consider to be requirements of your next home or in other words, your must-haves. Examples of this list may include:
The second list should be more of a “wish list.” This is a list of items that you would like to see in your next home, but these things are not essential to make the home a possibility for your purchase. Some examples may be:
Everyone’s list is different. Some of the examples I listed as essentials might not mean that much to you, and some of the items I wrote as a wish might be something you would consider essential for your next home purchase. This is why making the list is so important.
If you have a list with your priorities clearly established, it will be easier for the Realtor and yourself to organize the homes listed for sale. This way, there will be no time wasted. You will see the homes that best meet your search criteria first, and you won’t miss out on a home you should have seen.
Another thing to consider is the floor plan of your home. You should start thinking about what spaces you will need in your new home and where they should be in relation to one another. In particular, you should think about if you want a one or two story home, if you are looking for a split-bedroom plan and how open you want your floor plan to be.