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From Spotlight: House Hunting? Match Your Needs With Your Budget

3 Must vs. Lust Buying Tips to Avoid Overspending

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

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Contributed By

This article was contributed by Mandi Gubler, a DIYer and home decor blogger, who writes “Vintage Revivals” and believes “your house should look like you and no one else.”

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.

Wide shot of bright white living room, kitchen
Image: Mandi Gubler / Vintage Revivals

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, 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.

White vanity in a bathroom
Image: Mandi Gubler / Vintage Revivals

Highlight the Important Stuff

Next, look at your list and consider:

  • The things that can’t be changed without a massive investment. I’m talking things like square footage, window size, and number of bedrooms. This is your heavyweight list. These things should take priority in your home buying decision.
  • Features that are purely cosmetic, especially things that can be DIYed. These items should be moved waaay down the list or taken off entirely. Backsplash tile, paint color, and lighting can all be changed inexpensively after you’re living in your house. You don't want to pass up a fantastic house because you can't see past a red accent wall.

Bright bedroom with wood frame canopy bed
Image: Mandi Gubler / Vintage Revivals

At this point, you should have a combined list of 10 or so items. 

My last tip is to figure out the priority of each one of the items. Ask yourself, would you be willing to give up item number 4, say, to have item number 5? Would you be willing to give up hardwood floors for a home theater room? This is the hardest question to answer, but it'll put your must-haves in the right order.

I always picture this activity like an eye appointment when the doctor asks, “1 or 2? OK, now 2 or 3?” Do that with your list! Pool or flooring? Flooring or yard size? Yard size or square footage? Make sense?

Related: Buying a Fixer-Upper: Is It Worth It? How to Tell

Bring Your List When You Look at a Home

As you’re out looking at houses, keep your list handy. Maybe you're not willing to give up hardwood floors for a jetted tub, but would you be willing to compromise for a jetted tub and extra square footage? Refer back to your must-haves list often. It’s easy to get distracted.

Kitchen with with cabinetry, greenery, and wallaper
Image: Mandi Gubler / Vintage Revivals

Here’s a quick checklist I use when searching for a home. If you answer “yes” to all of these, a “want” may be worth the splurge — that is, if you can be sure you’ll be able to afford the feature (in terms of your monthly mortgage payments and living expenses).

  1. Is it on both of your lists?
  2. Is it something that’ll be extremely expensive and difficult to change or add?
  3. Would you be willing to sacrifice something else to have it?
  4. Would you feel like your house would be incomplete without it?

Happy house hunting!

Related: Why You Should TOTALLY Snoop While House Hunting

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Mandi Gubler bio photo
Mandi Gubler

Mandi Gubler is the creator of Vintage Revivals, a DIY / shelter blog unlike any other. She loves to share her thrift store finds and inspire her fans with DIY projects.