Step 1…figuring out what is and should be a priority
I realize I’m extremely lucky to be buying in probably the best market I’ll ever see in my life, and in a city with crazy low housing prices.
#1 priority is location. I’m only looking in Raleigh. And only looking in a few specific areas (for NC tumblrs, this includes 5 points, Oberlin/Cameron Village, North Hills, and Blueridge/Glen Eden part of the Crabtree region). Luckily, I was surprised to find a ton of properties in my price range.
#2 priority is a yard. I love to entertain. Cookouts happen a few times a month at my current home. I dont need acres, but I need a space large enough to grill, dine, and enjoy warm weather activities. Deck/patio is a must have.
#3 priority is the kitchen. I love to cook. I don’t need a brand new updated kitchen (however a gal can dream, right?). Upgrades can come eventually. But I need counter space, lots of cabinets, and space I can grow into.
The rest? I don’t know. What used to be a priority seems like it wouldn’t be a huge investment to upgrade. I was originally only looking at homes with 1.5+ bathrooms. But google tells me I could add in a 1/2 bath for around 5k and a full bath for 10k. If I find a 2 bedroom 1 bath house for a great price in a great location, couldn’t that be added in to the mortgage before I move? Same with a fence, seems like I could fence a small yard for under $5k. Is it crazy as a first time home buyer to be thinking about renovations?
Same with style of home. I always said I wouldnt buy a townhome or condo because of the yard factor. But I’m finding a lot of places with a large deck and yard (some even fenced). Although I’d have the added cost of HOA dues, many come with a pool (woo hoo!).
So to all of you homeowners…What did you originally enter the process thinking was a priority? Did this change? What became your top?