Home-Buying
Process:
Factors to Consider in Housing
Selection
Personal Needs and Wants
Most people have thought about what they would like in a home someday. Now is the time to make a list of criteria for choosing your house. There are several things to think about as you make your list. If you have already pre-qualified for a mortgage, you know how much you can spend. However, there are other decisions to make.
Start with everyone who will live in the house and their ages and genders. These factors can affect the location, size and type of house and the amenities desired. Young children may need different spaces than teenagers in the household. If a grandparent will live with the family, a separate quiet space for them may be desirable. Two boys could share a room, but a boy and a girl may require separate rooms.
Think about what is important to you and what a house means to you. For example, how important is privacy, room to entertain, security or self-expression? Do you consider your house a place to live, an investment or a status symbol?
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| Needs and Wants |
Keep these things in mind as you fill out the Needs and Wants Work Sheet. Involve everyone who will live in the house in making the list. As you complete the work sheet, determine which things are most important and on which items you can compromise. It is not always possible to find a house in your price range that meets everything on your list.
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