You know all those fantastic home features you hear your friends gushing about in their new home? The top-notch school district and Jacuzzi? The spacious third level and even more abundant yard?
Well, there’s nothing wrong with any of those things. But they’re not right for everyone.
In fact, for some buyers, they might even be a waste of money.
Are you on the hunt for a home this year? Give careful consideration to whether you’re paying for features you’ll use.
Want to know the three that people often overpay for?
The Biggest House on the Block
Have three dogs and a few active toddlers? Then room to run is a must. Is it just you and your spouse? Springing for a five-bedroom corner lot might not be worth the cash.
Buy for the space you need and are planning for – not the extra level you might use someday. You can always buy a move-up property if your plans change.
A Highly Rated School District
Great schools are important if kids are in your future – or if you have little ones already. But if that’s not in the cards for you, plotting your homebuying plans around them isn’t necessary.
You may find more affordable properties, and property taxes, if you search outside those school districts.
Home theaters, quartz countertops and pools are popular amenities that many buyers are willing to pay top dollar for. Are you?
Focus on the amenities you know you’ll use often and get the most value from.
It’s not always easy to evaluate your short- and long-term needs. That’s why it’s essential for us to discuss how your future plans will affect your homebuying goals.