Balancing Your Wants and Needs as a Homebuyer Today

April 4, 2022
Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes. But if you know which features are absolutely essential in your next home and which ones are just nice bonuses, you can land a home that fits your needs.
Danielle Hale, Chief Economist for realtor.com, explains it like this:
“Focus on the goal you set out for yourself, like your list of must-haves and nice-to-haves and your budget, . . . Stick to that. Be persistent.”
So how do you go about creating your list of desired features? The first step is to get pre-approved for your mortgage. Pre-approval helps you better understand your budget, and that plays an important role in how you’ll craft your list. After all, you don’t want to fall in love with a home that’s too far out of reach. Once you have a good grasp of your budget, you can begin to list all the features of a home you would like. Here’s a great way to think about them before you begin:
  • Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle (examples: distance from work or loved ones, number of bedrooms/bathrooms, etc.).
  • Nice-To-Haves – These are features that you’d love to have but can live without. Nice-To-Haves aren’t dealbreakers, but if you find a home that hits all the must-haves and some of the these, it’s a contender (examples: a second home office, garage, etc.).
  • Dream State– This is where you can really think big. Again, these aren’t features you’ll need, but if you find a home in your budget that has all the must-haves, most of the nice-to-haves, and any of these, it’s a clear winner (examples: farmhouse sink, multiple walk-in closets, etc.).
Finally, once you’ve created your list and categorized it in a way that works for you, discuss it with your real estate advisor. They’ll be able to help you refine the list further, coach you through the best way to stick to it, and find a home in your area that meets your needs.

Bottom Line

Crafting your home search checklist may seem like a small task, but it can save you time and money. It’s also one of the keys to being successful in today’s competitive market. Take a look at what is currently available below! Let’s connect so we can work together to find a home that fits your wants and needs.
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Residential Income For Sale

47 Lancashire Street, Providence, Rhode Island 02908

Century 21 Visionary Group
4Bedroom(s)
2Bathroom(s)
No GarageParking(s)
21Picture(s)
0.08Acre
Investors take notice! This is great to receive rental income or owner occupancy. Both units set up with 2 bedrooms, 1 full bath and 1 half bath. Eat in kitchen with ample cabinet space. Small split yard space for each tenant to enjoy. 2 Parking spaces per unit. Subject to seller finding suitable housing.
$350,000

Commercial Sale For Sale

828 Charles Street, Providence, Rhode Island 02904

Cathedral Properties
5Picture(s)
Impressive commercial space to make your own. Set up as one open floor plan with bathroom. Auto detailing possible with 10 ft by 10 ft glass garage door. Side unit also available for separate price.
$189,900

Residential For Sale

10 Fort Hill Road, Bristol, Rhode Island 02809

Edge Realty RI, LLC
4Bedroom(s)
2Bathroom(s)
GarageParking(s)
42Picture(s)
3,588Sqft
This custom, 4 Bed, center hall colonial is truly a treasure. Situated at the peak of Fort Hill, it is ideally located on a cul-de-sac on the Bristol parade route. Imagine watching the 4th of July fire works from your backyard oasis with the breeze of the Bay.
$779,000

Residential For Sale

068 John Oldham Road, Portsmouth, Rhode Island 02872

Mott & Chace Sotheby's Intl.
3Bedroom(s)
3Bathroom(s)
No GarageParking(s)
50Picture(s)
3,112Sqft
Waterfront custom designed home located high above the East Passage on Narragansett Bay. Built on a granite buff , eliminating any flooding concerns, the views over the water are amazing while the rear of the property is protected by conservancy land. "Moon Tide" was designed by Allison and Ramsey, a prominent South Carolina Architectural firm.
$890,000

Residential For Sale

22 Woodmist Circle, Coventry, Rhode Island 02816

Residential Properties, Ltd.
3Bedroom(s)
2Bathroom(s)
GarageParking(s)
38Picture(s)
2,128Sqft
Lovely Colonial located in desirable Fairview Commons. Step onto the porch and enter this spacious 3 to 4 bedroom home with 2 and one-half baths. Once inside you will find a spacious foyer which leads to the large eat-in-kitchen, laundry room and 1/2 bath. The kitchen also has sliders to the deck where you can relax and enjoy the peaceful back yard.
$479,900

Residential Income For Sale

370 Fairmount Street, Woonsocket, Rhode Island 02895

Tanasio Realty Advisors
4Bedroom(s)
2Bathroom(s)
No GarageParking(s)
22Picture(s)
0.06Acre
Remarkably well kept two family home with maintenance that is a breeze with vinyl siding and vinyl windows! Conveniently right on the MA line, not far to the amenities of downtown and easy to 146. All utilities are separate with new 2-year old gas heating systems and hot water tanks for each unit.
$290,000

Residential For Sale

18 Martha Road, East Providence, Rhode Island 02916

Coldwell Banker Realty
4Bedroom(s)
1Bathroom(s)
Garage Door OpenerParking(s)
24Picture(s)
1,400Sqft
This beautiful and sunny turnkey Cape Cod located in desirable Rumford has so much to offer! With four generously sized bedrooms there is no lack of space to spread out. The newly remodeled kitchen features shaker style cabinets, under cabinet lighting, quartz countertops and stainless steel appliances. Hardwood floors have been freshly redone and flow throughout the entire home.
$439,900

Residential For Sale

9 West Street, Warren, Rhode Island 02885

William Raveis Inspire
3Bedroom(s)
1Bathroom(s)
No GarageParking(s)
28Picture(s)
1,157Sqft
This charming 3 bedroom home has been lovingly cared for by the same family for nearly fifty years and awaits its next chapter! Nestled on a 10,000+ square foot lot, this bright and airy home is abundant in natural sunlight and ready for your personal touches. Recent updates include modern bathroom, 200 amp electrical service and a new oil tank.
$359,900

Residential For Sale

44 Knight Street, Cranston, Rhode Island 02920

Mansolillo & Co.
2Bedroom(s)
2Bathroom(s)
No GarageParking(s)
31Picture(s)
1,728Sqft
Exceptional and pristine one owner Contemporary 2+bedroom/2 bath Raised Ranch in heart of highly desirable Knightsville. Sun-filled kitchen and Great Room with cathedral ceilings, large deck overlooking parklike grounds with separate ground-level patio and outdoor-covered entertainment area, beautifully finished lower-level with full bath and separate storage room with shelves.
$349,900

Residential Lease For Rent

33 Marsh Street, Newport, Rhode Island 02840

Hogan Associates
3Bedroom(s)
2Bathroom(s)
UnassignedParking(s)
12Picture(s)
1,470Sqft
June 15 through July 31.- 6 weeks at $12000, or combine with a longer stay through Aug! Freshly painted in a nice soft white throughout. New pics coming. Bright and Breezy by the harbor! Doesn't get any better than this location if you want to walk, shop, wine, dine, sail, beach, grill and chill at this nicely appointed 3 bdrm 2 bth townhouse condo in Newport.
$12,000

Residential For Sale

1308 Boston Neck Road, Narragansett, Rhode Island 02874

Century 21 Shoreline
3Bedroom(s)
1Bathroom(s)
No GarageParking(s)
39Picture(s)
960Sqft
This adorable single level home situated on a nearly 30,000 square foot lot invites the buyer seeking potential galore in RI's number one beach goer destination, Narragansett RI. Traditional 3 bedroom plan with large hall bath, kitchen with dinette and spacious living room with hardwood flooring.
$419,900

Residential For Sale

63 Castle Rocks Road, Warwick, Rhode Island 02886

Keller Williams Coastal
4Bedroom(s)
3Bathroom(s)
GarageParking(s)
50Picture(s)
3,604Sqft
Great Colonial in desirable Seventeen Farms in Cowesett. Granite kitchen and baths, finished basement with full bath and walk out to backyard. Upstairs boasts 4 bedrooms which includes a master bedroom and an office/and or play room. Brand new carpet in bedrooms and living room.
$724,900

Residential For Sale

854 Matunuck Beach Road, South Kingstown, Rhode Island 02879

Lighthouse Real Estate Group
1Bedroom(s)
1Bathroom(s)
No GarageParking(s)
12Picture(s)
320Sqft
Great spot at Mary Carpenters with almost new 32 foot travel trailer. Leased land across the street from SK Town Beach. Enjoy from May - Mid October each year with town water/sewer.
$115,000

Residential For Sale

206 Wallum Lake Road, Douglas, Massachusetts 01516

Anytime Realty
3Bedroom(s)
2Bathroom(s)
GarageParking(s)
37Picture(s)
2,084Sqft
Welcome home to this beautiful 3 bed, 2.5 bath colonial! Property features a large farmer's porch and additional deck that are the perfect locations to relax and enjoy a private 2+ acre lot. First level includes large eat in kitchen with breakfast bar, formal dining room, half bath with laundry and spacious living room that includes a cozy fireplace.
$474,900

Residential For Sale

1366 Putnam Pike, Glocester, Rhode Island 02814

Blackstone/Ocean Properties
3Bedroom(s)
1Bathroom(s)
Garage Door OpenerParking(s)
23Picture(s)
1,375Sqft
Sunny country cape on half acre lot with detached garage/workshop. Hardwood floors, fireplaced l/r, first floor bedroom, new sliders to deck overlooking private back yard! Den could be used as 4th bedroom. Could use some updating. Estate sale being sold as is.
$277,500
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