3 Must vs. Lust Buying Tips to Avoid Overspending

By
Mortgage and Lending with ChangeMyRate.com® A Mortgage Corporation NMLS #1326269

 

The super-simple (and fun) way to separate needs from nice-to-haves. 

When you embark on the home-buying process, your heart is filled with all the dreams in the world. It’s really easy to get caught up in the “I have to have ___________, so I’ll cut back somewhere else” game, even when you don’t actually know where that somewhere else is or if you can realistically cut back there.

This post will show you how to pare down the excess and make sure to get the things you really NEED.

Make a List of Wants

Start by making a list of everything you want in your house. If you love it, jot it down. Have your spouse or partner do the same thing in a separate document.

Once you and your partner have everything down, start sorting your wants by order of importance. What’s your No. 1? Do you need large windows? How about a sunroom? Double sinks in the master? You get the idea. 

Come up with your top 10, and then compare your list to your partner’s top 10. What things appear on both lists? Those items should carry more weight because you both want them in your home.

To learn more about tips to avoid overspending and the home buying process, visit the SCOOP! Blog

Comments (1)

Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Sep 05, 2021 02:55 AM
Jackie A. Graves

Hi Richard, thank you for your comment. Stay posted for future blogs and make it a great day.

Sep 12, 2021 08:24 PM