How To Find The Right Home For You

Are you looking to buy a new home but can’t decide where you should settle? In this video, I’m going to outline an exercise that will help you decide where and what kind of property to purchase when buying a new house. I’ll explain how asking yourself some simple questions can help you narrow down what’s most important to you.

The Process Of Elimination

There are so many things to consider when buying a new house that the process can be overwhelming. Do you need to be near work? How are the schools for your kids? Where do I get the biggest bang for my buck? To decide where to settle, this simple exercise can help. It's nothing more than a process of elimination based on the strengths and weaknesses of your needs. We’re going to use that logic to narrow down what's most important to you.

Ultimately, there are three things that you should consider when moving to a new house. What do you want your ideal monthly payment to be? How important is the location to you? What kind of features do you absolutely need in a new home? Before you get started, it's extremely important to realize that nobody gets all three, regardless of what your purchase price is going to be. The goal of this exercise is to simply weigh what's most important to you so that you can separate your wants versus your needs.

The three areas to consider are price, location, and amenities. You then want to rate these in order of importance. For example, let's say that you found a house at a great price in the neighborhood you want but the interior is not as updated as you'd like. Or what if you went over budget by $20,000, but you got the house of your dreams in your most ideal location? Or what if you stayed under your purchase price and got everything you want in your house but you sacrifice location?

Narrowing Your Search

To further narrow down your search, the first question is, ‘How important is the price to you?’ Do you have to stay under a certain budget? The answer is most likely important, and you can instantly rule out areas that you cannot afford.

The next question is, ‘How important is the location to you?’ Can you sacrifice it to get the right house, or are the amenities of what you're buying more important? Do you need to have that fourth bedroom? Do you absolutely have to have that kitchen upgrade or that large outdoor space?

As you begin to list out your needs and wants, this will help you narrow down the potential location so you can begin house hunting. A good real estate agent will also help you realize this as well. I’m going to warn you that most people end up buying the complete opposite of what they list in this exercise, but that's okay. It was this exercise that allowed them to see what was really important to them. We have found that by listing your needs and your wants concerning location, price, and amenities, you will be able to find a home that is the best investment for you.

Finding Your Dream Home

I hope this has helped you narrow down your search in finding what's most important in your next home. I help people just like you buy real estate every day, and I would be happy and honored to assist you. So if you're looking for additional information or assistance, make sure to reach out to me and I’d be glad to connect.

Don’t forget to also subscribe to my channel so you never miss an episode of my show, where I give you information about areas north of the border in and around the Janesville, Beloit, and Lake Geneva area or south of the border in and around the Rockford and Rockton area. Stay tuned to see what I feature next!