Based on predictions for 2014, the real estate market is headed not only in a positive direction but coming back strong. When buying a home it is critical to maximize your investment, while at the same time minimizing any surprises by calculating all risks. However that doesn’t mean you shouldn’t follow your heart and your initial instincts... the ideal situation is when you can accomplish all of these.
Problems can arise when a buyer decides to accept too many compromises on the things that are most important to their needs. For example... not enough bathrooms for the family, or too many amenities that do not increase the home’s value when you want to sell the house. It is important to remember that your home’s current “live-in” value is actually greater than its resale value... when it comes to living in a home that is right for you and your family.
Here are a few quick ways to know if your “dream” home is the right home for you… from 10 Ways to Know You Found the Right House, By Elizabeth Weintraub
• You Want to Go Inside the House
Part of the excitement of looking at homes is not knowing which could be your new home when you pull up to the curb. Is it the one on the left, or does the house on the right strike your fancy? If it is the house on the right and you like it better than the house on the left, that could be a sign. It means there is something about this house that appeals to you.
• The House Embraces You the Moment You Enter
Within 3 seconds of entering the house, you will know whether it feels warm and comforting. Does it seem to speak to you? Does the house invite you to explore? Does it feel, well . . . right?
• You Don't Feel Funny in the Bathroom
Sometimes buyers feel so uncomfortable near a bathroom that they won't walk into the room. They are afraid to let their feet touch that bathroom floor. They will stand outside, grab the door frame, and poke their heads in for a minute. If you can walk into the bathroom and feel compelled to open the shower door or stroke the vanity marble, this is your house.
• You Are Possessive About the House
Maybe your agent points out a flaw and says, "There is a stain in the kitchen sink," and you want to slap her face for saying something so mean about this house. You want to defend every flaw you see. If you even see the flaws, because right now, flaws do not matter.
• You Begin to Envision Furniture Arrangement
If you walk into the master bedroom and immediately see your bed against a particular wall, this might be your house. If you find yourself thinking that the living room window is a perfect spot to put a tree come Christmas, you're already hooked.
• You Can See Yourself Painting a Wall Your Favorite Color
Perhaps deep purple is not your favorite color. Maybe it's blue. Maybe you're thinking those purple walls in the kid's room would look better in a blue jean color. In fact, you might even know the name of the paint color you plan to use.
• The House Fits Your Basic Needs
The dynamics might not hit every bullet point on your list, but it meets the basic requirements. The house has the number of rooms and space you need. Maybe it doesn't have a garage, and in a flash of enlightenment you realize that buying a house with a garage is not important. Maybe you suddenly realize you could build a garage.
• You Want to Stop Looking at Other Homes
All of the other homes you've been looking at no longer appeal to you. The homes on that list you've been carrying around seem insignificant. Moreover, the homes you had previously rated a #8 have now fallen to a #2 rating. The homes you have seen pale in comparison. You would feel like a traitor if you went to see other homes.
• You Can't Wait to Brag About This House to Your Friends
It would not be unusual for you to snap a few photos and text message your best friend before you've finished touring the home. You feel excited. The excitement seems to manifest itself. You shoot more photographs.
• Every Thought in Your Mind Tells You to Buy That House
Except for that nagging little thought that wonders if you should sleep on it, every other thought in your head says this is the perfect house for you. You are consumed. You can't think about anything else apart from owning this house.
In the end, trust your instincts but also take in to consideration cost, the overall condition, and convenience (location proximity to work & schools). And when you’re ready to start looking for the perfect home, I am here and ready to help.