When you’re in the market for a new home, you probably have a list of must-haves. Some people also refer to this as a wish list. It just means that you’ve created an organized list of the things that you’re looking for in the home.
This doesn’t necessarily just mean the house itself. You could also be looking at the nearby school systems or the proximity to your job. You may also be looking at things within the house, such as the number of rooms, the condition of certain appliances and in-home systems, the outdoor living spaces and much more.
Falling in love with the house
The problem that you sometimes run into is that you might find a house that checks some of these boxes and quickly fall in love with it. But making an offer based on this initial reaction means that you’re offering based on the emotion of liking that house. It’s much better to consider the home objectively and only make an offer if it fits what you need.
In many ways, this wishlist can be helpful because you can come back to it and check it against the house. People sometimes feel awed by the architectural design or drawn in by the location, and they will buy a home that needs a lot of expensive work, or that doesn’t really fit their lifestyle. They will regret this in the future, but it’s hard to see past it in the moment. By staying objective, you can make sure that you buy a house that you’re going to be able to love for years to come.
As you work your way through this process, since it’s such a big investment, you need to know exactly what legal options you have.