Should You Buy the "Except for..." Home?
Imagine finding a home that is perfect in every way, except for one nagging thing. That "thing" might be a smaller kitchen than you want, fewer closets than you need, or flooring that you dislike. Should you buy it anyway? How do you know if you should take a pass? It's not an easy decision to make and depends on a number of factors.
Trying to answer these questions might help:
How likley is it that you'll find another home that better meets your needs?
How soon do you want to move? (If you're in a time-crunch you may need to adjust your expectations.)
Is the "except for..." something that can be fixed, perhaps with a renovation? For example, there are many ways to expand a small kitchen.
If the home's shortcoming is fixable, approximately how much will that cost? It might turn out that an improvement is a good investment.
Can you live with the nagging "thing", especially when the home is otherwise perfect?
Comments