When purchasing a residence, establish your individual requirements... When investing in a house, define your specific necessities...

Before embarking on the adventure of finding your dream home, it is crucial to compile a practical and comprehensive "wishlist" to streamline your search. The process of searching for the perfect abode can be quite time-consuming, particularly if you lack a clear prioritization of your requirements.

Create both a "wish list" and a "must-have" list. It is common for individuals to place a greater emphasis on their wants rather than their needs. Consequently, they often decline houses that adequately fulfill their needs in favor of houses that satisfy their wants. Unfortunately, this can lead to properties that are overpriced and unaffordable.

It is important to distinguish between your true necessities and your wishful desires when seeking to attain your goals. This does not imply that you should cease striving for what you desire, but rather that you should prioritize your needs over your wants.