Buying Your First West Knoxville Home – Separating Your Wants and Needs

wantneedSearching for West Knoxville or Farragut homes for sale can be a little overwhelming if you jump right in without doing a little research, particularly if you are a first time home buyer. After choosing a REALTOR® and a loan officer to help you through the process, it is important to do a littler research into what you are looking for in a home in a West Knoxville or Farragut home. In Part II of this series, we will look how to separate your housing wants from your housing needs and why it is important during your West Knoxville or Farragut home search.

The best way to start the process by making a good, old fashioned list. Create a list with two columns, your wants and your needs. While creating your own personal list, it is important to keep in mind the difference between the two. Housing wants and needs they can easily run together when house shopping, so here is a brief rundown of the difference between the two.

What Are Your West Knoxville or Farragut Housing Needs?

These are specific basics you cannot live without. These are the deal breakers, if the home doesn’t have them, you will not take a second look.

Examples:
-Price Range
-Number of Bedrooms / Bathrooms
-Location that fits your lifestyle – close to work, schools, and popular destinations.
-Square Footage
-Resale Value

What Are Your West Knoxville or Farragut Housing Wants?

These are the specific amenities or details you look for in each home. These are important, but slightly more negotiable than your housing needs.

Examples:
-Specific Floorplan
-Pool or Hot Tub
-Architectural Style
-Upgraded Kitchen
-Upgraded Master Suite

While your list may change or evolve throughout your home search, it can be a useful tool. The list will clearly help you separate what is important during you home search.  Searching for your first West Knoxville or Farragut home is exciting and can be overwhelming, which is why it can be important to know what you are looking for before you begin your search. Also, be sure to share your list with your real estate agent, that way when it comes time to set up showings he/she is not wasting your time by showing you homes that don’t meet your basic needs.

In Part III of this series, we will explore at a few tips to make your home search easier.

Are you thinking about buying your first West Knoxville or Farragut home? Please let us know if there is anyway that Knoxville Home Team can assist you in your home search. You can contact Rick at 865-696-9002 or via email at [email protected]. Or, you can contact Kati at 865-392-5880 or via email at [email protected]. Also, be sure to check out our West Knoxville Home Search Page to see what homes are for sale in the area.