Real Estate of Mind: First Home Wish List - Hawaii News Now - KGMB and KHNL

Real Estate of Mind: First Home Wish List

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HONOLULU (HawaiiNewsNow) - When dreaming of a first home the options are endless. However, in reality, it is not always possible to find a first home with everything. Buyers must decide in advance what items are "must-haves" and "nice-to-haves" on a first home wish list. Coldwell Banker Realtor Associate Tanya Diane Hawkins dropped by Sunrise with some great advice for first-time home buyers. Check out the video.

Here are Tanya's Top 5 Tips:

Know your budget: The first step to creating a list of "must-haves" is to be realistic about what is affordable and determine a budget. Buyers should enlist a local real estate agent to help with the home search.

Find that perfect "location, location, location": Buyers should determine in advance how close they would like to live to their work, schools or extended family. A short commute to work, proximity to family or having easy access to highways and mass transit are often "must-haves." The location will also determine some home amenities that are possible or difficult to have within the buyer's budget. For example, if a buyer has to live close to work in a big city, they may have to cross a garage or outdoor space from their wish list.

Determine non-negotiable accommodations: A comfortable place for everyone in the family is always a "must have." For a family of four, three bedrooms may be non-negotiable.

Pick a lifestyle fit: After fulfilling the most important needs, buyers should find out what features of a home will best fit their lifestyle.  For example, buyers who love to cook and entertain may want a home with a gourmet kitchen and decide to give up the large master bedroom.  Or, buyers who love to spend time outdoors may compromise a large family room for a big backyard.

Have a vision:  When looking at a first home, buyers should avoid getting distracted by decorations, paint or flooring that may not fit their taste.  Items such as paint color or carpeting are easy to fix and always worth compromising on.  If everything else about a home fits the wish list, a new coat of paint and a little redecorating are easy finishing touches on a dream home. 

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