Dream homes tend to have flaws when you see them in real life. Given that a full 90% of home searches begin on the Internet, it can be easy for an excited buyer to fall in love with photos of the skyline-facing balcony or glimpses of the hardwood floors. Real life, however, isn’t always so perfect. Enthused buyers can feel deflated when they realize that their so-called dream residence is next door to a particularly rowdy group of kids, or that the floorplan is a little more cramped than it seemed online. In the most severe cases, buyers can dismiss the less-than-ideal option and go in search of a new dream home. In cases where the home is perfect except for one or two significant outlying factors, however, the buyer is left to wonder: When, exactly, is the right time to compromise on a home?
Parking is important, especially for those who live in cities. If you have a car and nowhere to put it, you might find yourself shelling out more cash than you hoped to spend on a parking garage or reserved parking space in front of the building, or else enter a battle royale for on-street parking. Consider carefully; do you mind walking twenty minutes to your paid parking space each morning, rain or shine? Or would you prefer to find a home that gave you an easier option for securing your car at night?
Your dream apartment is beautiful – perfect, even. It’s within your price range, with ample space and a pet policy. If it were closer to the city, you’d snap it up in a heartbeat. Unfortunately, though, living there means spending a total of three hours every day on a round-trip commute to and from work, for a total of fifteen hours’ travel time a week. Consider the commute carefully; is the distance worth the space and pet policy?
Money matters. Never choose a home that makes you pay more than you can afford each month. A beautiful apartment is all well and good, but how much will you enjoy it if you can’t spare the money to leave it for a night out with friends?
Obnoxious neighbors are always a deal breaker. When you first look at a lovely home, you may think that you won’t mind your downstairs neighbor’s loud arguments or tendency to play loud music – but odds are, those habits will start to grate on you after a few weeks.
How much work does the home require? If you don’t have the funds or time you need to pour into a fixer-upper property, don’t buy it! Instead, look for a property prepared and readied for occupants.
Compromising on a home can be tempting – but in some cases, buyers should avoid doing so altogether!