Creating a List of Must-Haves and Nice-to-Haves
Finding balance between your needs and wants
When setting out to buy a house, it's a good idea to distinguish between the essentials and the luxuries. A well-thought-out list of "must-haves" and "nice-to-haves" can help guide you through the real estate market and help you find a home that not only meets your needs but also fulfils your desires.
Once you've established your must-haves, you can indulge in considering nice-to-haves. These are features that would be great to have but aren't absolutely essential. While not critical, having a home that appeals to your sense of style can make everyday living more enjoyable. This might include modern finishes, a specific architectural style or landscaping. Think about additional amenities like a garage, extra storage space or outdoor entertaining areas. While they may not be deal-breakers, these features can enhance your lifestyle. Homes with potential for improvements or extensions can offer long-term value. This could be particularly attractive if you're looking for an investment opportunity or hoping to increase your equity over time. Eco-friendly features such as solar panels or efficient heating systems might be on your wish list. These can reduce utility bills and contribute to a more sustainable lifestyle. Finding the right balance between what you need and what you want requires careful consideration. Must-haves are non-negotiable elements that a property must possess for it to be considered suitable for purchase. These are your deal-breakers, and they typically revolve around the following five features: The adage "location, location, location" holds true. Consider proximity to work, schools, public transport, amenities and the overall safety of the neighbourhood. If you have children or are planning to start a family, school zones might be at the top of your must-have list. The size of the property and its layout are essential. How many bedrooms and bathrooms do you need? Do you require an office space for work or study? Think about the flow of the house and how well it fits with your lifestyle. Your financial constraints will define what you can afford. Stick to properties viewing within your price range to avoid falling in love with a house that's beyond your means. A solid structure free from major defects is imperative. Look for signs of dampness, cracks in the walls or any other structural issues that could lead to costly repairs down the line. Ensure that all legal aspects, such as zoning laws and building compliance, are in order. This is where thorough due diligence is paramount.
Aesthetic Appeal
Extra Amenities
Potential for Value-Adding
Energy Efficiency
Location
Size and Layout
Budget
Structural Integrity
Legal Requirements
By creating a comprehensive list tailored to your unique situation, you'll stand the best chance of finding not just any home but your ideal home in New Zealand.
