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What Do You Really Want?
See the Checklist,
See "Those
who wish to succeed must ask the right preliminary questions.
- Aristotle |
| Its amazing. I continually find people willing to spend more time researching
which electronic gadget to buy than they do making sure they buy the right house. A
$200 purchase that
wears out in 2 years gets more attention than a $200,000 house. Why? Its because the
smaller purchase is easier to understand and you don't have to examine your values and you
likely don't have to get your spouse to agree with you. For many it is easier to spend
time on it because comparing cell phones is easier than comparing houses. When
people go looking for a house they often spend less than a half an hour in the home and
then decide to buy. I see it all the time, and guess what, its exactly what I did when I
bought my first house. The second time I bought, I viewed the house twice I spent
two hours the second time taking measurements, looking at finishes, looking at the
neighbourhood, and generally just soaking it in. The second time is most important.
The number one question you and/or your spouse must ask is "What do we want?" It is easier to just assume
you understand yourself or your spouse. The result is that a feature like Berber carpet or
a big fireplace will grab both of you and before you know it, you've signed the offer. You
ignored the motorcycle gang next door. You saw the water in the basement, but hey,
everyone has a little water. . . . . .
You must spend time coming to an agreement. If your buying alone or with
someone, make a list of:
1. Must Have - Keep this short but mean it.
2. Would Like to Have -
Dream if you wish but put this in order of priority.
3. Must Not Have - Also keep this
list short, and stick to it.
The following is a list of issues that you may or may not have on your lists.
Everyone will have something different and likely many things not shown in this list. Look
at these and then make your own. Discuss your hopes, dreams, and realities. Fill out the
list and leave it for a few days. Then go back to ensure you've really settled on your
requirements, and then to help you. Forget
about open houses. You'll just end up seeing the wrong ones that
may tempt you into a bad decision. Know what you want and then ask for help to see it.
Sample Check List: |
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Location
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Be flexible on this if possible, but if it is
a must have, keep to it. Drive through neighbourhoods and get a feel for them. What about
transportation, shopping, schools, playgrounds, obnoxious industries. Which direction is
the area going, up or down? How far is it to friends and relatives. Remember that to
Toronto folks, our entire region is a very quick drive!
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Style (2
story, bilevel, etc)
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Will you be able to climb the stairs in 10
years? Do you need the storage in a basement?
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detached or
semi-detached
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or you may choose a townhouse. Some semi's
offer a lot of house for very little.
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Age of house
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Do you want a nice new house but no
landscaping? Or do you want an older home with" character" and lots of mature
trees?
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# of
Bedrooms
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What are your plans? How many children to you
expect? Do you often have company?
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# of baths
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Most want two (can you afford it?).
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Dining Room
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This is usually in combination with the living
room. Do you really want a separate room?
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Main Floor
Family Room
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Everyone wants this. Can you afford it?
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Main Floor
Laundry
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One of the great ideas that often gets missed.
It should be a requirement in every new home.
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Finished
basement
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A basement is a basement is a basement.....
You can't make it a sun room no matter how hard you try. However, there are advantages
such a playrooms (for sanity), "wreck" rooms for those teens, and an extra
bedroom for your spouse's mother when she visits.
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Fireplace
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It looks terrific, but what is that smell?
Have you split the wood yet? Maybe one of those nice slightly artificial gas fireplaces?
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Air
Conditioning
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Either you do or you don't. Whole house fans
can take the pain out of most hot days.
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Heating
System
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Can you live with hot water radiant heat - as
everyone says its more even, but do you know that its hard to add air conditioning later?
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Pool - In
Ground
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A pool adds very little to the value of a
property. Its a liability. Some say its like having milk cows. You just can't leave it
unattended. But if you really enjoy it, go for it.
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garage
(1/2/3 car?)
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Most people use their garage as a storage
shed. Do you? A big shed in the back yard might handier and cheaper.
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minimum
frontage
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The width of your lot is important if you have
future plans, need to park an RV, or are a gardener. The other issue is privacy. Also ask
if you can live with a corner lot.
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