TOP LIFESTYLE CONSIDERATIONS WHEN BUYING A HOME

Dated: 05/08/2019

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Top Lifestyle Considerations When Buying a HomeYou're not just buying a house - you're buying a lifestyle! That means when you’re writing out your list of 'must have' home features and 'deal breakers', you need to think beyond the “house data”. You need to figure out which features to focus on that will enhance the lifestyle you want to live! As a buyer, you might say you’re looking for a 3 bedroom home with an updated kitchen, multiple living spaces and an oversized yard. But what you're really looking for is a place to raise your growing family, a kitchen that overlooks the private backyard where you can watch your kids play catch while you make dinner, and extra space for games, toys and movie night! This is just an example, but I think you get the idea. The lifestyle you are going to have in your new home is something you want to consider when determining which home features will best suit your needs.

The first thing to consider is - LOCATION MATTERS FOR YOUR LIFESTYLE! You hear it all the time in the real estate world – it’s all about location, location, location… and it really is true! Because while you can change paint colors, counter tops and put in that amazing pool you’ve always dreamed of, you can’t move your house to a new spot (not without a lot of money anyways).

Think of things like what your work commute will be like, how far a drive you’re willing to have each day, the features you want in your community, and the school district you want to be in if that is important to you. Do you want to be in walking distance to shops and restaurants? Do you want to be set further back from the road for privacy? What about the size of the community you live in? Do you want the feel of a small town lifestyle or are you happier in a busier city? The location of your home will be something that isn’t going to change, so figure out what is essential to you when it comes to the location of your home and the lifestyle it will create!

Next, let’s talk about the home features that fit your lifestyle. When you think of home features it’s easy to automatically jump to the running list of generic criteria such as the size of the garage, how many bedrooms you want, that 'must have' updated kitchen and all of the “house data” like I mentioned. However, you are ultimately buying a lifestyle, not just a house. Here are some things for you to consider to create the type of lifestyle you are ultimately looking for when you make a move! Write down these questions and really think about what your answers are:

  1. Where do you spend most of your time at home? If you love to cook and spend most of your time in the kitchen, you’ll want to prioritize the layout of the kitchen when looking for a home. You can always add in upgraded quartz countertops or that dreamy double oven, but the size, layout and location of the kitchen should be a top concern if you don’t want to do any major renovations.

  2. What is something you wish you had in your current home? Would having a laundry room on the upper level make doing the laundry less of a chore? Do you wish you had a designated office space or workout room? How about more storage space for those Costco size packs of paper towels and toilet paper?

  3. What is something you don’t want any longer in your current home? Is your yard a lot to maintain and you want something smaller with a lot less maintenance? Are the kids leaving home and you don't need quite as many bedrooms and bathrooms to keep clean? Is maintaing the pool taking up too much of your free time?

  4. Which room in your house do you spend the most time in? Is your master bedroom your private retreat to hide away from everyone? Is the man-cave the place you spend all of your down time? Are you a master chef that lives in the kitchen?

  5. How much space do you need to live comfortably and be able to enjoy the things you love the most?Are you hoping to have enough bathrooms to avoid chaotic mornings? Do you have a slew of kids who each need their own private space?

The answers to these questions will help you determine which features could be the most important to focus on when the time comes to look for a new home. Maybe features like hardwood floors aren’t as necessary as having a layout that is perfect for entertaining and hosting holiday parties. You can always swap out flooring later but the layout will be a little harder to change!

The next thing to consider, is how much time and effort you want to put into your house. Do home flipping shows on HGTV resemble your homeownership goals? Many buyers are intent on finding a house they can remodel to turn it into exactly what they want, which is awesome! However, they often don’t realize how much work, time, money and stress is involved. HGTV can make remodeling and flipping houses look a lot easier and more fun than it is in reality. Consider how much time you have to spend on home projects before getting yourself into something that is over your head and potentially over your budget. Which leads us to…

Lastly, you need to consider your lifestyle budget. Make sure you include your lifestyle in your budget, not just your house. It’s important to consider how much you can comfortably afford to spend based on your actual budget, not just what the lender says you can afford on paper.  Many buyers are pre-approved for a significantly higher amount than what they are actually comfortable spending on a monthly basis. Think about other expenses you have when it comes to your lifestyle – what else is important to you? Do you love to travel or go out to nice dinners on a regular basis? Do you love attending as many games of your favorite football team as possible? What hobbies do you have that cost money every month?  Make sure the amount you spend on your house doesn’t eat up all of your extra funds so you’re glued to the house and can’t have any fun doing the things you love!

There you have it, the top lifestyle considerations for buying a home! Location, home features that fit your lifestyle, how much work you’re willing to do and remember to budget for your lifestyle! If you’re considering buying a new home in the near future and you want to chat more about the type of lifestyle you’re looking for, shoot an email to lisa@makinghendersonhome.com or text or call me at 702.805.4480 so we can set up a time to grab coffee!

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Lisa M Fraser

I AM REDEFINING REAL ESTATE I believe that the vast majority of real estate professionals are underserving their clients and we need to do better. Helping people buy or sell real estate should not be....

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