You know all those fantastic home features you hear your friends gushing about in their new home? The hilltop views and "Smart" homes? The third level game room for the kids and even more elaborate yard with an outdoor kitchen and swimming pool? 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.
If you are 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
Let's say you have two toddlers, three dogs, and a cat. Room to run is going to be a must. But if it's just you and your spouse, springing for a five-bedroom corner lot might not be worth the cash.
Mark's advice: Buy for the space you need – not the extra level you might use someday. You can always move-up if your plans change.
A Highly Rated School District
Great schools are important if your have kids now or are in your future. But if that’s not in the cards for you, plotting your home buying plans around them isn’t necessary.
Mark's advice: You may find more affordable properties, and property taxes, if you search outside those school districts.
Home theaters, quartz counter tops, and pools are popular amenities that many buyers are willing to pay top dollar for. Are you?
Mark's advice: 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 home buying goals. Do you need help finding your perfect home with features you’ll love and use? Reach out today to get started.