The Perfect Blend: Balancing Wants and Needs for Your Dream Home This Spring

Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way: 

“While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”

In the current housing market with limited inventory, it's crucial for buyers to approach their home search with a strategic mindset. Understanding the difference between necessities and nice-to-haves can help buyers be more successful in finding their ideal home.

Identifying your must-haves is essential to focus your search on properties that meet your most critical needs. These might include the number of bedrooms and bathrooms, location, proximity to work or schools, and essential features that are non-negotiable for your lifestyle. Prioritizing these necessities will help you streamline your search and avoid wasting time on properties that don't meet your core requirements.

While it's natural to have a wishlist of desirable features, it's essential to be realistic about what you can find in the current market. Nice-to-haves might include features like a swimming pool, a large backyard, or a gourmet kitchen. While these amenities can add value and enjoyment to a home, being flexible on these aspects can significantly expand your options and improve your chances of finding a suitable property.

Working closely with a knowledgeable real estate agent can be instrumental in guiding you through the process. An experienced agent will help you navigate the current market conditions, understand what's available within your budget, and provide valuable insights into properties that meet your criteria.

By staying focused on your necessities and remaining open to possibilities, you can approach your home search with a sense of clarity and adaptability. In today's competitive housing market, being well-prepared and decisive can make all the difference in finding the right home for you and securing it in a timely manner.

The first step? Get pre-approved for a mortgage. Pre-approval helps you better understand what you can borrow for your home loan, and that plays an important role in how you’ll put your list together. After all, you don’t want to fall in love with a home that’s out of reach. Once you have a good grasp on your budget, the best way to prioritize all the features you want and need in a home is to put together a list.

Here’s a great way to think about them before you begin:

  • Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle.
  • Nice-To-Haves – These are features you’d love to have but can live without. Nice-to-haves aren’t dealbreakers, but if you find a home that hits all the must-haves and some of the these, it’s a contender.
  • Dream State – This is where you can really think big. Again, these aren’t features you’ll need, but if you find a home in your budget that has all the must-haves, most of the nice-to-haves, and any of these, it’s a clear winner.

Finally, once you’ve created your list and categorized it in a way that works for you, discuss it with your real estate agent. They’ll be able to help you refine the list further, coach you through the best ways to stick to it and find a home in your area that meets your needs.

Bottom Line

Prioritizing what you need in a home is a critical first step in the buying process. If you’re ready to find the one that’s best for you, let’s connect.

Bottom Line

Prioritizing what you need in a home is a critical first step in the buying process. If you’re ready to find the one that’s best for you, let’s connect.

1802 Properties
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$625,000
Neighborhood: Port Charlotte Sec 022
3
Beds
2F11/2
Baths
2,324
Sq.Ft.
2006
Year Built
1
Day on Site
C7494066
MLS
$265,000
Neighborhood: Port Charlotte Sec 010
3
Beds
2
Baths
1,690
Sq.Ft.
1960
Year Built
1
Day on Site
C7493739
MLS
$539,900
Neighborhood: Port Charlotte Sec 071
3
Beds
2
Baths
1,705
Sq.Ft.
2023
Year Built
1
Day on Site
D6136998
MLS
$330,000
Neighborhood: Heritage Oak Park 04 Rep
2
Beds
2
Baths
1,364
Sq.Ft.
2003
Year Built
2
Days on Site
C7493853
MLS
$269,990
Neighborhood: Port Charlotte Sec 045
4
Beds
2
Baths
1,657
Sq.Ft.
1960
Year Built
2
Days on Site
T3534228
MLS
$375,000
Neighborhood: Punta Gorda Isles Sec 23
3
Beds
2
Baths
2,110
Sq.Ft.
1990
Year Built
2
Days on Site
C7491827
MLS
2
Beds
2
Baths
1,327
Sq.Ft.
1996
Year Built
2
Days on Site
C7494064
MLS
$175,000
Neighborhood: Rolls Landing Ph 03 Bldg 06
2
Beds
2
Baths
1,308
Sq.Ft.
1985
Year Built
2
Days on Site
C7493898
MLS
$339,900
Neighborhood: Port Charlotte Sec 013
3
Beds
2
Baths
1,623
Sq.Ft.
1974
Year Built
3
Days on Site
C7493947
MLS
$565,000
Neighborhood: Port Charlotte Sec 078
3
Beds
3
Baths
2,676
Sq.Ft.
2022
Year Built
3
Days on Site
C7493855
MLS
$415,900
Neighborhood: Port Charlotte Sec 022
3
Beds
2
Baths
1,729
Sq.Ft.
1993
Year Built
3
Days on Site
C7493286
MLS
$117,000
Neighborhood: Plaza View
1
Beds
1F11/2
Baths
929
Sq.Ft.
1968
Year Built
3
Days on Site
C7493950
MLS

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