A Strategic Approach To Your Homebuying Journey

As a prospective homeowner in today's somewhat challenging market, developing a strategic approach is crucial, particularly with the current state of mortgage rates. The borrowing cost has significantly increased, prompting many to carefully reassess their home feature wishlist. It's about understanding what is truly essential and what is merely desirable.

NerdWallet recently highlighted this concept in an article, stating:

"A pool, for instance, might be a desirable feature, but does it truly hold as much daily value as a garage or a dedicated home office space?”

While the allure of a pool is undeniable, it's crucial to question its necessity in your new Southern Maine home. Is the desire for a pool the driving force behind your move? Probably not. The need for additional space, a home office, or closer proximity to friends, family, or work is usually the actual catalyst.

Therefore, if you're planning on purchasing a home, I advise you to carefully consider your absolute necessities. Create a list of all desired features and then categorize them accordingly. Here’s a practical method:

1. Essentials – These are non-negotiable. If a property lacks these features, it won't be suitable for you (examples: commute distance, number of bedrooms/bathrooms, etc.).
2. Desirables – These features are bonus but not dealbreakers. If a property satisfies all your essentials and includes some desirables, it's worth considering (examples: a second home office, a garage, etc.).
3. Dream Features – These are your aspirational features. They're not essential, but if a property in your budget satisfies the essentials, includes most desirables, and has one or two dream features, you've hit the jackpot (examples: a pool, multiple walk-in closets, etc.).

Once you've broken down your essentials, desirables, and dream features, let's get in touch. We can discuss your priorities, refine your list, and work towards finding that perfect property in Southern Maine that meets your key requirements.

To Wrap Things Up

Creating a list of essential features for your new home might seem trivial, but it is a pivotal planning step in your home buying journey. If you're ready to find a home that fits your needs in the beautiful towns of Southern Maine, let's connect.