Just about everyone has an idea of what their dream home would look like, but if you’re close to achieving that reality and are searching for that perfect home that will keep you and your family happy over the long term, there are a few things you should consider first.
The National Association of Home Builders reported that nearly a quarter of single-family homeowners have lived in their homes for 10 to 19 years, while more than 15 percent have been in their homes for at least 30 years. The average for any homeowner is at least 10 years. That means that this is the time to be picky, whether you’re searching through San Diego, Miami, Houston, Chicago Real Estate or anywhere else – after all, you may be spending a good chunk of your life there.
You probably already know where you want your dream house to be, or at least have an idea – are you looking for a place near all the action in a big city, or perhaps a quieter neighborhood where you can walk to a local coffee shop? Maybe you’re looking for a secluded mountain home, or a place near the water, whether it be a lake, river or ocean? No matter what your desire, be sure to spend some time in the area first. If it’s not close to where your current home, you may want to vacation there for a week or longer, eating at the local restaurants and experiencing what it will really be like to live there.
While the lot size is usually not on the forefront of buyer’s minds, it’s an important part of the home that you’ll be buying. How close are the neighbors, do you need more space and privacy? Do you want a backyard that’s big enough for the kids to run around in, or even larger, with acreage for animals and outbuildings?
The Age of the Home
While older homes, particularly historic homes, have lots of character, they can also be a money pit and may require quite a bit of TLC. If you don’t relish repairs and want closets large enough to hold a substantial wardrobe, updated details and so on, you may want a newer home or even new construction. If you have a customized home built, you can select all the features you want in your dream retreat.
Think about all the features you want, write them down, ranking them on a list in order of importance. Do you envision a wrap around deck where you can unwind after a long day, gazing out at a lake? How about a home theater, a wine cellar in the basement, a hot tub and/or swimming pool, an outdoor kitchen, or a fire pit for gathering around under the stars? You could even have an indoor waterfall built into a wall if you wanted to. While you probably won’t have a property that includes everything on your list, it will help you narrow down your options to make it easier to find your ultimate dream home.