Tuesday, April 5, 2022 / by Raj Jaggi
Due to the low supply of homes for sale today, finding one that meets all of your criteria can be difficult. However, if you know which amenities are definitely necessary for your new home and which are simply great extras, you can choose one that meets your requirements.
Realtor.com's Chief Economist, Danielle Hale, describes it this way:
“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.”
- Must-Haves – If a home lacks these features, it will be unsuitable for you and your lifestyle (for example, distance from your job or loved ones, number of bedrooms/bathrooms, and so on).
- Nice-to-Haves — These are features that you'd want to have but don't need. These aren't dealbreakers, but if you locate a home that has all of the must-haves as well as any of these, it's a candidate (examples: a second home office, garage, etc.).
- Dream State — This is the state where you can really think big. Again, these aren't necessities, but if you can find a home in your price range that includes all of the essentials, the majority of the nice-to-haves, and any of these, it's a clear winner (examples: farmhouse sink, multiple walk-in closets, etc.).