Looking for a home in the Lowcountry? Know what you want vs. what you need.

Posted by Paige Rose on Thursday, October 27th, 2016 at 9:25am

 

In today’s technology-driven world, the way a buyer searches for properties has dramatically changed. Most buyers begin their search online and can virtually tour homes in the comfort of their living room. Today more than ever, the value of a real estate agent is of the utmost importance when it comes to finding a home in the Lowcountry. And in this day and age of having everything available to us online, it is important to know what you’re looking for in a home when you start your real estate search.

Whether you are a first-time home buyer or looking to downsize, creating a list of important features and things that you’d love in your new home is a must.  Often, homebuyers fantasize about the amenities that they see on television or Pinterest, and start looking at the countless homes listed for sale with rose-colored glasses. 

Do you really need that farmhouse sink in the kitchen in order to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Is a screened in porch or outdoor firepit an important feature in a home?  

The first step in your home buying process should be to speak to a mortgage professional and get a pre-approval. In doing this, you will know your budget and your REALTOR will know just the community and home that will suit your needs. The next step is to list the wants and needs of your next community and home. 

Consider the following:

  • ‘Must Haves’ – if this property does not have these items, then it shouldn’t even be considered. (ex: distance from work or family, number of bedrooms/bathrooms)
  • ‘Should Haves’ – if the property hits all of the must haves and some of the should haves, it stays in contention, but does not need to have all of these features.
  • ‘Absolute Wish List’ – if we find a property in our budget that has all of the ‘must haves,’ most of the ‘should haves,’ and ANY of these, it’s the winner!

Takeaway

Creating a want and need list before starting your search will save you time and frustration in the home search process. Share this list with your REALTOR. This will help your real estate professional find the properties you’re sure to fall in love. 

 

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