When buying, most of us have to compromise, and if interest rates rise, we need to budget accordingly.
So when buying, you should start by making a long “wish list.” Then go through and rank that list starting with the most important requirement.
For many, the following considerations rank highly:
Location, house size, section size, condition, potential to add value, architecture, number of bedrooms, bathrooms and garages, outdoor living or potential for, view, privacy.
Examples of lower priorities for many are:
Colour, condition of carpets, drapes and other chattels, decorative condition, gold taps, extras such as spa pools etc.
Many of us buy a home and enjoy living in it, perhaps upgrade it, and move on to another property with more items on the wish list at a later time.