3 Home Buying Tips on Deciding on WANTS vs. NEEDS
One of the biggest challenges with deciding whether you want a feature in your Phoenix area home versus need a feature in your home is that we want everything. Right? So check out these 3 home buying tips to make sure you’re making the right decisions for you and your family.
So what really is the difference between what you WANT and what you NEED in your new home?
#1: What you NEED
When we talk about what you want versus what you need in your new home, needs are typically the location, number of bedrooms, the number of bathrooms, approximate square footage, amount of yard space. In Phoenix, air conditioning is a need. A grassy yard is a want. Basically, everything else falls under the Want category.
Needs include the basics so be sure you agree on the answers to these questions:
- About how much space do you think you need?
- How long do you plan to live in this home?
- How important is the school system and its proximity to your new Phoenix area home?
- Do you want a lot of privacy and quiet?
- How important is your commute time? What’s the longest commute time you’re willing to make one way?
- Does your budget have flexibility? If so, what’s your range?
If you plan to live in your new home for only 3 to 5 years, you probably want to focus more on your needs than your wants. However, if this is your forever home, then it’s important that you have most of your needs and several of your wants.
#2: You know what they say “Location, location, location”
With location, it really depends on what you expect your lifestyle to look like over the course of the next 5 to 10 years. For instance, if you’re an upwardly mobile professional, you may want to be in the urban center, near the activities, restaurants, and events that happen in any of our downtown areas around Phoenix.
However, if you would like some land for gardening or a children’s play area in the backyard or even a pool, you might want to have a bit more property and move to the edges of one of our Phoenix area towns. That’s why we always say that location is the most important need. You can usually change a house, but you can’t move it.
#3: Actual WANTS
We agree that there is a fine line between Needs and Wants but let’s see if we can help you with it.
Wants would include wanting carpet or hardwood floors throughout or having stainless steel appliances. Usually things like open concept versus a formal dining room would be more difficult to make modifications to achieve the function they provide. But they are still things that you would probably compromise on.
Here are more examples of what we would consider Wants:
- Outdoor kitchen (this can be added later; the more important feature is enough space to create one)
- Paint colors (I’ll help you find a good painter to fix that!)
- Flooring – It’s more affordable now than ever to change out flooring
- Walls – yes, removing or adding walls costs money but if your Needs are being met, then getting to the look and feel you want by removing or adding a wall or two might be your best bet.
We’re happy to buy you a cup of coffee and discuss your Needs and Wants for your new home, with no obligation.
We look forward to helping you on your home buying journey!
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