Buying a new home is both exhilarating and stressful.
If you’re thinking about buying a new, luxury home - we’ve put together the perfect guide to help you along the way; a step-by-step approach that talks about the major factors you must consider when trying to find the perfect home.
Finding the perfect home isn’t always easy. But, with the right plan and long-term approach, you not only find the ideal home that suits your needs but a home that can be found well below your budget.
Let’s get started.
Know What You Want
First, ask yourself the question - what do I want in my new home?
Don’t just think about it. Instead, put pen to paper and write a list of must-haves and other features that you’re willing to compromise on. Take a note of features and fixtures that don’t matter, too. It makes the search that much quicker, and easier, when you know exactly what you want.
Always make sure that you’re pre-approved for a loan/mortgage before beginning your search. This helps to strictly define your budget whilst also avoiding disappointment by viewing properties that are clearly outside your budgetary scope.
Bigger isn’t always better.
Sometimes bigger is a burden. It means extra expense - not only in purchasing the space itself, but also renovating that space too.
This links back to what we talked about earlier - the need to know what you want. Work out what property size is ideal not just for your family size, but also your future family size - if applicable. A luxury home is only worth the price if it meets your needs and it’s within your scope. If it doesn’t tick those two boxes, move on - fast.
Try to look beyond the property as it is today.
In other words, search for potential. Imagine what the property could be like in a few years from now - renovations, refurbishments, added space etc.
A fresh lick of paint and new flooring alone add immense aesthetic value.
So, while the property you view may not be the perfect home today, it could be the ideal home tomorrow with the right vision.
Think Outside the Box
Don’t just think about your home - its interior and immediate exterior; think about your neigborhood and wider surroundings, too.
Amenities, schools, entertainment, location and every other factor that adds value to the home. Are your needs met? If not, what alternatives are available? What are you willing to compromise on to find the perfect home?
What better way to conduct research than by asking current residents. Take a few minutes to knock on your prospective neighbor’s door. Ask them what it’s like to live in the area, how long they’ve been living there etc. - to paint a more accurate picture of what it might be like to move into that house.
Think about conducting a home inspection, too.
A home inspector offers an unbiased, critical eye of the state of the property and what it is worth, and what costs you may be forced to commit to. Purchasing your next luxury home is no small decision.
Paying a home inspector a couple of hundred dollars can make all the difference for your final decision.
To find the perfect home, you must be prepared.
This means taking the necessary time to think about what you want, what you’re willing to compromise on, and what lengths you’re willing to go to. Though property search can be an exhausting process, it results in an exhilarating outcome - the purchase of your next home.
This is no small decision.
Taking that extra time to ensure you’re making the right decision, rather than a rushed decision, guarantees that you’re never left with buyer’s remorse.
Triumph Luxury Homes is the leading provider of Las Vegas luxury homes. Check back to our real estate blog soon for even more great tips on how you can find your next luxury home!