door heartWhen you’re in the market to buy – whether it’s a new pair of shoes or a new home – you just know the right one when you see it. That gut reaction tells you that this is the one. Unfortunately, a new home in the Elmhurst area is a much bigger financial commitment than a new pair of shoes, and when you’re in the market for a new home, you should be shopping with your head as well as your heart. When you find the home that grabs your heart, run through this list to help your head decide if it’s worth your emotional investment.

Price is usually the first filter for any home search. Make sure that the actual cost of the home – including any repairs or upgrades you would want to make – falls within your budget. There will always be surprises in life, and staying within your house shopping price range will help you manage the finances when they arise.

The condition of the home is also important. Using sweat equity to refurbish a fixer-upper can either be a wonderful experience or a disheartening money pit. Have a realistic idea of your skills as well as the amount of both time and money you can reasonably devote to the project. Otherwise, that “diamond in the rough” may still be pretty rough long after you thought you’d be finished with it.

Surprisingly, homebuyers sometimes forget to consider the size of the property they’re considering. Make sure that it has the right combination of bedrooms and bathrooms for your household, that there is sufficient storage space for your lifestyle, and that its size matches how you want to live in it. For example, if you like to be off on far-flung adventures during your free time, you probably don’t want to be anchored down by a high-maintenance yard at home

Coming back full circle to financial matters, buyers always need to consider resale potential. While it’s difficult to think of leaving a home you’re just beginning to love, the reality is that it will most likely be resold at some point in the future. Your home is as much a financial investment as is a mutual fund or a stock portfolio. Understanding that now, will give you peace of mind later on and it won’t keep you from falling in love with the right one.

A professional real estate agent can help you see both the potential and the pitfalls of the homes you choose by understanding both your housing desires and the trends in the wider housing market. An agent’s wide-angle view will help you keep your big picture in focus, and find that perfect balance between head and heart. If you’re looking to buy or sell Elmhurst real estate, or properties in the surrounding area, contact the Gracik Makinney Group, or call (630) 567-5902.