Visualize a triangle with price, location, and size/style/upgrades at each point. In most cases, you will have to be prepared to give up one of those particular three. Expect to compromise. If you get 80% of what you’d like, you’re lucky.
Compromises Worth Making When selecting a Home
Compromise No. 1: Location
It’s one of the first thing we hear our clients are willing to budge on. While they may want to find a home that may be within walking distance to the downtown area with shops, restaurants, and public transportation, buyers don’t want to compromise with their living space. After all, they reside in the home. Sometimes these homes are too small to fit their lifestyle needs, or the larger in-town homes are simply just above their budget. So the dream of a walk-to-town location usually will get removed from a buyer’s must-have list.”
Compromise No. 2: Square footage
But not everyone is adamant about doing everything they can and keep from downsizing. All things considered, if you’re able to skip that guest room, playroom, or dining room, you may be in a position to stay within your budget and live in a nicer neighborhood. Sometimes the reward is not paying long term for family and friends so that you can stay in your home. So, if you’re hoping to discourage the in-laws from spending 21 days with you each summer, this compromise could work out for the best! But, Nick & Cindy Davis want to warn you, if your space needs might grow in the near future-say, if your family is expanding-you might want to think twice before moving into a small home.
Compromise No. 3: Yard size
Plenty of buyers fantasize about landscaping a sweeping garden, or at least having an outdoor pool or hot tub-until they see what they shell out (or surrender) to get it. In terms of describing their perfect home, buyers frequently say they want a large backyard. After seeing a great deal of places, however, buyers recognize that how big the backyard is not as important as the spaciousness of the interior of the home. When we ask our home buyers to qualify what they mean by a ‘large’ backyard, the reply is almost universally the same: ‘large enough to fit a swing-set.’” And that’s not really football field-size. “So that means they have more homes to choose from, especially when inventory is low. With that said, house hunters tend to be more stubborn when it comes to the terrain itself. Buyers want a flat backyard to enjoy with their family and friends.
Compromise No. 4: Awesome garage
For the first-time home buyers who are moving from an urban area to the suburbs, it often comes as a surprise that not all homes have a two-car garage. Older homes, constructed in the early 1920s and 1930s frequently will not. While you will discover homes that do not have a garage at all-and these homes are a more difficult sell-buyers will compromise and buy a home that has a one-car garage should the home meets the other items on their must-have list. Buyers tend to be flexible about the type of garage too. Some garages are detached, which means that buyers can’t enter directly into the home through the garage-helpful during inclement weather. And many single-car garages are attached to the house, but-surprise-there is not a entry from the garage into the house.
Compromise No. 5: Specific architecture
So, you’ve always pictured yourself inside of a Craftsman bungalow, until you saw the asking price. If you suddenly discover yourself to be smitten having a Cape Cod, it’s OK; you’re not alone. Whether it’s the architectural design of the house or type of kitchen counters?, those things are one of the first things mentioned when clients tell us what they want. But when compromises end up being made and they’ve had time to check out homes for a bit and consider their budget, the home’s aesthetics are typically the one thing they decide to overlook.