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How to Balance Wants with Needs

When you decide it’s time to go house hunting, you probably imagine finding your perfect house. Let me give you a reality check- there is no such thing as a “perfect” house. The challenge in finding a home is to strike a balance between what you need in a home and what you want in a home at a price you can afford. Before you embark on your home search, you should sit down with your partner and each make a list of the 10 things that are most important to you in a home. Compare lists and see how many of those things you have in common. The items that made both your lists should be a priority when you combine them to make a master list. Next, decide what items are “deal breakers”- things you just can’t live without. If you absolutely will not consider a home that doesn’t have at least 2 bathrooms, then all homes with less than 2 bathrooms should be off your list. Those non-negotiable items should be at the top of your list. Next should be the things that you both agree you would like in your next home and finally the things that would be nice to have but you could live without. When you are editing your needs and wants list it may be difficult to separate the two. You may think you need granite countertops and stainless steel appliances but that shouldn’t take priority over something like your child’s school district. You can always update a kitchen but you can’t change a school district. You need to look at...

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