How to decide between two ‘perfect’ homes

How to decide between two ‘perfect’ homes

“Finding the right home for you is never an easy process. While it’s an important financial decision, it’s also about finding a property that meets your personal needs, matches your lifestyle, and, ultimately, feels like home, but the process becomes even more difficult if you find more than one property you could call home.” says Gerhard Kotzé, CEO of the RealNet property group.

“As a buyer, you can easily spend a number of months on your search for the perfect home, but sometimes this results in them facing the issue of having to choose between two ‘perfect’ properties.

“Both properties will likely have their benefits, drawbacks, and compelling features, which can leave you feeling stuck between a rock and a hard place while struggling to make a decision. When you consider the complexity and long-term implications that come with home ownership and property investment, the consequences of a poor decision can be long-lasting, which is why making the right choice is crucial.

If you find yourself stuck when choosing between two homes, here are some tips to help:

Consider the financial element:

• Price - Does one home offer significantly better value than the other? Are the asking prices reasonable for the market they are based in?

• Insurance costs - Different properties come with different insurance premiums.

• Future value - Consider the potential for appreciation or depreciation. Which area is likely to grow in value?

• Maintenance costs - Which home is more ‘move in ready’? Which home will cost more to maintain and repair? Older homes may cost more over time.

Create a pros and cons list:

• Location - How far is each property from amenities that are important to you, like schools and your workplace? Does the neighbourhood make you feel safe, and is it well-connected?

• Outdoor space - How much outdoor space is available to you, and how much do you and your family need? Is the garden maintenance feasible for you?

• Size and layout - Does the size and layout of the home meet your current needs?

• Aesthetics - Do you like the interior design, architecture, and overall ambience?

Consider your lifestyle:

• Community and amenities - Are you drawn to one neighbourhood over the other due to the vibe it offers?

• Travel - How will the location impact your commute to work, school, and other places you visit regularly?

• Future plans - How do you envision your life-changing in the next five to ten years? Is one home more suitable for your future needs?

While all of these factors will play an important role in your decision, you should never overlook your own intuition. Purchasing a home is an emotional decision, and your instincts can often guide you toward the right choice.