When you’re shopping for a new home, you
want to find a property that has all the features and characteristics you want.
A large deck surrounded by picturesque landscaping ... a beautiful kitchen with
gleaming marble countertops... a cozy finished basement with fireplace....
You should look for the ideal home. You
deserve it! But some home buyers make the mistake of becoming fixated on
finding the "perfect" property, and passing too quickly on those
homes that don't quite measure up.
Why is that a mistake? Because some of
those less-than-perfect properties have the potential of becoming your next
dream home.
First of all, a home that is lacking some
desirable features, such as a finished basement, will probably cost less. Those
savings may be more than enough to cover any needed upgrade or renovation.
Secondly, if you look at a home in terms of
its potential, rather than the features it happens to have now, there will be
more properties available on the market for you to consider.
If you're determined to have a large
wrap-around deck for entertaining, for example, don't cross homes that don't
have this feature off your list. At least not yet. Instead, view these
properties with an eye on potential. Is the backyard big enough to accommodate
a large deck? How would a deck like that look if added to this particular
property? How much would such a renovation cost?
There's no doubt about it. You want to find
a home that has all the features and characteristics you want. If you work with
a good REALTOR®, there is a good chance you'll find a property that has most of
them.
But keep an open mind. Sometimes a
"diamond in the rough" can – with an upgrade or renovation – become a
home you'll treasure for years.
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