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Posts tagged ‘wants’

First-Time-Buyer Friday #2 – Needs vs Wants

house-shoppingQ. There are lots of potential homes in my price range. How can I narrow down the field so I don’t waste time viewing homes I really have no interest in buying?

A. Many first time buyers are hit with this problem. Often, because they’re just starting out and want to make sure they don’t miss any potential homes, they search REALTOR.ca for all homes under a certain price level, and go from there. This is what I would call a shotgun approach. Sometimes, a buyer will get so many results it’s overwhelming. So an exercise I like to have my first time buyers do is the Needs vs Wants Inventory.

It’s simple really. Just take a sheet of paper and divide it into two columns, one entitled Needs, and the other Wants. Then think of all the home features or attributes of your lifestyle and put them in the appropriate column. For example, if you have pets and intend on taking them with you to your new home, then obviously “pets” goes on the needs side.

If you like stainless steel appliances, but are willing to cope with harvest gold, then that goes in the wants column. Thinking about this further, you could put the commute time to work in both columns. Put the maximum commute time you’d allow on the needs side, and the ideal commute time on the wants side.

Continue down the page and you should be able to come up with a pretty good summary of what you’re looking for. Talk to an agent and ask him or her to search for listings that match your criteria. This will really help narrow it down and will ensure that you find a home that will be the perfect balance between what you really need and what you want.

If you’re a first- second- or twenty-time buyer and have a question you’d like answered, contact me and I’ll get you a prompt, accurate response!

Tim Ayres – Sooke Real Estate Professional

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Buyer Preferences Changing…

For 2015, it’s inside the house that counts

Homes to grow in luxury, not size, study predicts

The Washington Post
Tvice-president for research at the builders association. Another generation, those born from 1965 to 1977, are now in their prime home-buying years. And they’re just as demanding, Ahluwalia said. “They also want everything.”
In its Home of the Future study, to be published this month, the builders association predicts that the average size of a single-family house will be 2,300 to 2,500 square feet, about what it is now or even slightly smaller. High ceilings — about nine to 10 feet — will become the norm. So will 2 1/2 to 3 1/2 bathrooms, which is at least one more than the average house had in the 1970s.
In high-end houses, those with 4,000 or more square feet, dual master-bedroom suites will become even more popular than they are now and will include sitting rooms, bathrooms and walk-in closets.
In both upscale and average houses, the family room will get much larger, while the living room will continue to shrink — a testament to the popularity of casual entertaining.
“The formal living space isn’t as important,” said Andy Rosenthal, president of Rosenthal Homes in Potomac, Md. “As a baby boomer, when we grew up, we all had living rooms, but we weren’t allowed in there. Now we don’t want living rooms because we weren’t allowed in there anyway.”
Ahluwalia said that people will want their houses to be more open, airy and bright. They’ll ask for large kitchens with islands, fewer walls separating their dining rooms or family rooms, and recessed lighting. Plain white walls won’t do; bold colours will be in.
And owners will probably want things they don’t need.
“A lot of people don’t even use the fireplace, but they won’t buy a house without a fireplace,” Ahluwalia said.
The same goes for garages, which will probably get much larger, especially in pricier homes. “Even people who don’t have three cars want to have a three-car garage,” he said.
Technology will become a more integral part of the house, the study found. Universal design, a concept that makes homes accessible to everyone regardless of age or disabilities, will also find a place in new-home construction.
One national trend experts expect is more luxurious outdoor spaces. The association’s study predicts that outdoor kitchens complete with sinks, refrigerators and cooking islands will become more popular in upscale homes.

The survey also found that “green” methods will become more widespread. The builders association predicts that the home of the future will have water conservation devices and energy-efficient appliances, among other features.