Home for sale in Farmington Hills The Battle between “Must” and “Lust” – How Not to Overspend When House Buying

“Must” and “Lust” – Don’t Overspend When Buying a Home for Sale in Farmington Hills

Thomas Gilliam Blog , Farmington Hills Leave a Comment

We are sure that you are familiar with the battle of needs vs. wants… what we like to call must vs. lust. It’s a battle where you spend a lot of time fantasizing about the changes you can make in the home for sale in Farmington Hills, Michigan you just bought and then act on them without giving your needs a second thought. It’s time you stopped making frivolous purchases for your house.

However, in order to satisfy your inner shopper and give you a way to let all that new-house excitement out, we have come up with a few tips to keep you in line.

Most first-time home buyers find themselves in a situation where they are torn between the responsibility of taking care of a house repair or buying something that they don’t actually need. Here’s how the inner conversation usually goes:

“This 50″ LCD screen on sale is once in a lifetime deal. Maybe, if I schedule the plumbing repair for the next month, I can include this LCD in my budget.”

Never do this! Plumbing and structural repairs are the ones that should be fixed immediately or you might find yourself paying thousands of dollars for something that could have been easily taken care of by tightening a bolt.

So, follow the below tips to put your needs first when shopping for the house:

Make a List with All Your wants in a Home for sale in Farmington Hills

Now that you have paid the real estate agent his commission for the home for sale in Farmington Hill, Michigan he bought you, you will find yourself short of funds. So, before you set foot out for shopping, create a wish list. Once the list is made, narrow down ten repairs and items that are necessary.

The wants that you have prioritized automatically become your needs in a Home for sale in Farmington Hills, which bring us to our next point:

Highlight Those Needs that are Important

Take the “top 10” list and now prioritize the items on it according to what requires immediate attention. Separate the DIY jobs from repairs that require a professional’s hand.

For example: you can paint walls on your own but you cannot replace the broken shingles on the roof.

Obviously, the latter repair requires attention now, as it can cause damage to the house during a heavy downfall. The former can be done anytime, when you are settled in.

Keep the List on You When Shopping

It’s possible you might get sidetracked by something you see on sale in the store. The list will work as a reminder that you are on a budget. This way, you will think twice before making a frivolous purchase.

So, are you ready to hire a real estate agent to find your dream house? Use these tips wisely and you will be able to fulfill your wants sooner down the line. If you want to buy a home for sale in Farmington Hill, Michigan that falls under your budget and has all the features you need, then visit Homes2MoveYou. Get in touch with a real estate agent and start seeing houses in areas of your liking.

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Thomas Gilliam

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I'm a Professional Realtor for 17 years with RE/MAX CLASSIC in the Oakland County MI and the Metro Detroit area and love what I do. Real Estate is my passion... Exceeding your expectations is my goal!