Oakville Real Estate News

Buying A New Home: Needs Vs Wants

Blog by Joette Fielding | April 6th, 2015

Needs vs Wants.pngNeeds vs. wants lists aren’t just for first-time homebuyers. What are you looking for in your next home? To start you thinking about your answers to that question, ask yourself these questions:

§ How have you used your current home, and how would you ideally like to use your future home?  Maybe your current home has also served as your home office, but you’ve retired and want to do more entertaining. In that case, you’ll no longer be looking for a home with office space, but rather one with a big eat-in kitchen.

§ What do you love about your current home?  What do you wish you could change about it? Your home might have the perfect amount of storage space – a feature you definitely want to take with you – but if the poor layout has been a daily inconvenience to you, (your definition of) a good floor plan should be high on your needs list.

§ What do you love about your current neighborhood?  What do you wish you could change about it? A home’s location is every bit as important as the home itself. Maybe your kids have really enjoyed the local rec center, but a long commute time has been preventing you from being able to take them there as much as you’d like to.

§ What does your life look like now? What will it look like in five years’ time?  10 years? How long do you plan on staying in your next home? For example, proximity to good schools or health-care facilities might not be important to you now, but as you expand your family or enter retirement, they’ll become more of a priority.


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