When you are look at homes, there are several things to consider. Location, size, neighborhood, and price range are clearly on the top of many of clients wish list. However, once we go out and see a few properties in the Danbury area, often times buyers get a better idea of of what they can get for the $, what they can live with and what is non-negotiable. Each client's needs are different, but things that can or won't be comprised include amount of work they are willing to take own, parking, storage, distance to the highway or yard.
More often that than, clients evaluate their budget as they are looking at a number of properties . You have to decide if you are willing to pay additional money than planned to get a larger,more updated or property in a conveient location or are you willing to purchase a smaller property that might need some sprucing up, work on the house over time and then decide to upgrade. For 99.9% of buyers, its not a matter how much you want to spend, but how much money your bank would allow you to borrow for a mortgage. Your mortgage broker can go over the difference in payments and closing costs different properties you are interested in or considering viewing.
A compromise does not been you are going to end up with a bad home. If you see a bad home, you don't have to buy. It means you will get a get a great home, even if it means only have 1.5 baths compared to 2 full. If you are interesting if purchasing a home in Danbury,CT, please contact me.
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