|  
  
  
  
  
  
  
  
  
  
     |  |  HOME>Buyer's 
      Centre>How Do I Know What I Want  |
      
      E-mail me: mlummis@RealEstateHalifax.ca |
 Hotsheet & Newsletter 
        Signup | Personal Home Shopper 
        | Guide to Saving Money
 | How 
        Do I Know What I Want |
 Do I Need a Buyer's Agent? | Getting 
        Ready for the Move | Love It or Leave It - 
        My Guarantee | Order Your Home Buyer's 
        Kit
 How Do I Know What I Want?Should I Make a "Wish List"? 
       First, 
        let's talk about what exactly constitutes a "wish list". A "wish 
        list" is nothing more than a list of everything you've ever dreamed 
        of having in your house such as: 
        Lakefront propertyViews of city lightsMarble kitchen countertopsLatest kitchen appliancesWood-burning fireplace(s)
         3 
          car garageThe best school district in your stateWithin a five-minute walk to work4 or 5 bedroomsMaster suite walk-in closets2 person whirlpool tub in master suitePrivate back yard with pool and spaMature landscapingetc., etc. What I will ask you to do is to create a "wish list" detailing 
        everything they'd love to have in a home, including:  
        Location. Think about where you like to shop, where 
          your children will attend school, where you work
Size. Think about number of bedrooms you want, the 
          size lot, the extra room you may need to expand, where you will do the 
          laundry, storage space
Amenities. Think about the kitchen appliances, swimming 
          pool, fireplace, air-conditioning, electrical wiring, hardwood floors, 
          size of garage What About a "Reality List"?  What I suggest you do next is to use this as a  tool to help you 
        define your "needs" as well as your "wants". You will 
        create a  "reality list".  Here are some of the questions you need to cover: 
        How many bedrooms do I really need?How many bathrooms?Is our lifestyle more formal than informal?Is a one story or two story home better for us?What schools are going to be important?Is a pool/spa something we want right now?What features are most important in the kitchen?Which additional rooms would you want most? (pantry, formal dinning 
          room, rec room, etc.)How much property will we need?Do we use public transportation on a daily basis?How close to work do we need to be?Does driving on a major highway or in traffic make us crazy?Which "lifestyle" activities are most important to us? (outdoor 
          recreation, theater, continuing education, etc.)Is a home with open space or something more "cozy" important 
          to us?How old a home would we consider? 
        How often do I go to the city? Suburbs? Country? Where would we rather 
          be?How long do we want to spend driving to work each day?Do we have frequent guests? Do we need a separate guest room?Will our children take a bus to school, walk, or will we have to drive 
          them?How far away is our church?Do I need to travel frequently?How far away is the airport?Must we have a garage? Two-car? Three-car?Where do our families live? Where do our friends live? How far away 
          do we want to be?Do we like to stay in on Saturday nights?  Or do we prefer to 
          be close to the "action"?  Will that change over the 
          years?Do we own, or are we contemplating purchasing, a boat in the near 
          future?  Will you want to be within fifteen minutes of a lake?Do we own a private airplane and need to be near a small airport? Once you get the information down on paper, try to organize it into a 
        concrete sentence:
 "I want a four-bedroom, three-bath home with a large garden, fairly 
        new kitchen, loads of closets, a wood-burning fireplace, two-car garage, 
        within a fifteen-minute commute to the office and church, down the street 
        from the high school, in such-and-such location."
 
       That's 
        a start.  Now, prioritize the items in your wish list and think about 
        which items you would trade off for others.  For example, would you 
        give up a wood-burning fireplace if it meant having a two-car garage?  
        Could you get by with a smaller house if it means you'd be in a better 
        school district?  Would you prefer to be closer to work even though 
        it means giving up a large lot? What if you had to live in a condo, but 
        could walk to work? Now, for your "reality list" write down everything you can't 
        live without for the next five years.  If you're a single woman, 
        your reality list might include:  
        Two bedrooms (that's really for sale purposes; it can be much easier 
          to sell a home with two bedrooms than a home with one bedroom)Two bathrooms (same reasoning as above)Parking space or attached garageOutdoor living space of some sort (could be a garden or patio)Second floor or higherWithin a twenty-minute drive to work Now I have something to work with.  I can take your "reality 
        list" and begin to match it to homes listed in our multiple-listing 
        service.  Is the "reality list" worth the time and effort?  
        Absolutely!   Writing up the lists will help focus your mind 
        on what you really want. An honest "wish list" is a road map 
        to finding the house of your dreams.
       
 For an 
      interactive map of Halifax filled with neighbourhood information and 
      useful links, click here.
 ©2002-2003 Mark Lummis. Any 
        reproduction of this site is prohibited.Website Design & Hosting: BDwebs.net
   |