Putting A Price On Lifestyle
Shopping for a new home is as much a choice of lifestyle as it is an investment. Unless you are approaching it strictly from the standpoint of a professional real estate investor, you’re not just buying a house, you’re buying a home. Often, buyers will make their decision based solely on lifestyle – buying into the “wow” factor of a particularly beautiful property; but similarly, many cautious buyers make the mistake of overthinking the financials, and undervaluing their own quality of living.
Sure, it’s important to consider mortgage rate and type, payment options and resale values when looking to buy your next Perfect Home; but as the title suggests, there is a price that must be put on lifestyle. Don’t let an attractive list price seduce you away from getting into a home that suits your needs, and has great added features that may actually be worth paying a little bit more for. Here are some such lifestyle considerations:
- Does it have a large open kitchen, sunken living room and bar? Now you’re entertaining in style.
- What about a quiet space to get away from it all? A breakfast nook? An amazing office?
- Is it close to the nightlife, and walking distance from favourite restaurants? A huge lifestyle consideration for socially active urbanites.
- Are a spacious deck, patio or yard a part of the package? Awesome for when you can’t get to the cottage.
Taking these types of lifestyle factors into account will help you put into perspective how much a home is really worth to you. Focusing too much on the asking price or the resale value can make for an unfortunate choice when it comes time to actually live in your new home. Your new Perfect Home should be an exciting place to live and one that will inspire you every day. Don’t lose sight of that through all of the facts and figures.
If you’d like to start your search or have any questions about buying a home in Toronto, please call or email me today. I’m here to help.
Until next time,
Shaun Nilsson
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