Navigating Wants and Needs for Your New Home

Posted on Tuesday, June 13, 2023

When it comes to a new home, everyone has a dream. Realistically, no home can match it. You can get close if you prioritize your wants and needs. How do you do that? Let us show you.

Defining Needs

How do you differentiate wants and needs? By understanding what they are. Needs are the basic features and necessities crucial for your daily life and well-being. Needs include the right number of bedrooms and baths for your family, a backyard if you have children or pets and a location that isn’t too far from work.

Defining Wants

Wants are the things you consider luxuries. Things you can reasonably do without if you must make a choice between a home that meets all your needs and one that you would have to stretch your budget to afford. Think things such as pools, a waterfront view or a fireplace.

Why Differentiate?

Differentiating between your wants and needs makes home shopping easier. If you know what you need, it’s easier to eliminate homes that don’t fit. You can view homes that have everything you need, which then allows you to see if those homes have what you want. If you decide to use a Realtor, a list of wants and needs will help them refine your home search. It will also keep you on budget.

Establish a Budget

A budget keeps you from adding upgrades and options that you may want but can’t realistically afford. Set a budget based on your income, savings and financial obligations. If you are planning to purchase a new build home in a community like Balmoral, consider how much of your budget you can afford to spend on upgrades.

Assess Your Lifestyle

Assess how you live now and how you want to live in the future. If you have a big family, you might need a home with more square footage and bedrooms. If the schools are mediocre where you live now, moving to a community with better schools could be a priority. Think about the things you want that could be sacrificed. If the home doesn’t have a pool, could you put one in? Does the community you are building in have a pool? Balmoral has a beautiful lagoon and pool so you might not need a backyard pool at all.

Be Prepared to Compromise

If you have done a good job prioritizing your wants and needs, you will be able to make compromises. Something you defined as a need could be a want you are willing to let go of. The home might not be exactly what you want now, but it could be in the future if you think you can remodel.

Talk to Your Builder

The advantage of building a home from the ground up is you are more likely to be able to get your needs and at least some of your wants. Balmoral builders offer dozens of floor plans. Once you’ve picked the base plan that fits your needs, you can talk about wants. If your budget allows, add a fireplace, extend the backyard or get that media room you covet. Many builders offer upgrades as incentives which means your wants could be within your budget.

Choose Balmoral

Choosing to build your home in Balmoral is an easy way to get the home of your dreams. You can choose a builder and floor plan. As a bonus, you get a community with incredible amenities near great schools, plenty of shopping and dining options and friendly neighbors. It’s the best way to get everything you need and lots of what you want.

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