Newspaper article The Chronicle (Toowoomba, Australia)

Separate Must-Haves from Wants

Newspaper article The Chronicle (Toowoomba, Australia)

Separate Must-Haves from Wants

Article excerpt

IF NO two people are the same and no two properties are the same, how do you find the perfect home?

If you are buying with a spouse, partner or friend, agreeing on what you are looking for can be a challenge.

Prioritising property wants and needs

When it comes to narrowing down the features you are looking for in a property, National Property Buyers Victorian state manager Antony Bucello said prioritising and comprise are key.

"We ask our clients to prioritise the 'must-haves' and the 'nice-to-haves' in order to understand their property needs," Mr Bucello said.

Mr Bucello said buyers need to ask themselves some hard questions: What are your property non-negotiables? What about the size, quality and location of the property?

While buyers are sometimes unwilling to sacrifice anything at the beginning of a property search, Mr Bucello says they often become more willing to compromise once the reality sinks in about what can be bought for their budget in their preferred location.

"Prioritise your non-negotiables and think about the future," he said.

"Position is important but it's also important to get into the market if you are a first-time buyer."

A property reality check

Principal of Good Deeds Property Buyers Veronica Morgan said there is a lot of psychology behind property buying, particularly as a couple.

However, she believes a reality check is important.

"You have to be really real about what you can afford in the area you want to be in," Ms Morgan said.

"The quicker you do that, the quicker you buy something."

Morgan says there are three key things to assess in any property search: budget, property and location.

Common property disagreements

Ms Morgan asks her clients, who are couples, to write separate briefs and comparing the results can be interesting.

"Some people are on the same page (with what they want), but some won't find it in the same house, budget or suburb," Ms Morgan said. …

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