Four Considerations Every New Homebuyer Should MakeBuying & Selling by Fred Pedro - February 2, 2018June 4, 20190 Shopping for a new home in Madison is exciting, but it can be overwhelming for some buyers. First-time homebuyers may not know what to look for. Even those who are current homeowners might overwhelm themselves with all the options in a new home. Anyone looking for a new home should take the time to compile a list of needs and a list of wants prior to house hunting. The fun part comes once your list is complete.Table of Contents Location Comes FirstSize Does MatterStorage Space MattersPrice MattersLocation Comes FirstLocation is the single most important aspect any new homeowner focuses on. It doesn’t matter how wonderful a home is if it’s in the wrong neighborhood. Buyers need to know which new homes for sale madison wi realtors are showing them are located in the right location. Are the homes close to good schools, family, work, and other important location factors? If not, the house won’t work.Size Does MatterTiny homes are having a moment in terms of being trendy, but tiny homes simply don’t work for all buyers. For example, a buyer with a family of six needs a much larger home than a single buyer. It’s important to look for the right number of bedrooms and bathrooms. It’s important to look for a home with the size yard a buyer wants. It’s also important for buyers to look at the overall square footage of a home to ensure it will work for their family, their entertaining needs, and their own day-to-day lives.Storage Space MattersMany homeowners forget that storage space is a premium. There’s rarely enough for most buyers, but few buyers will state a home has too many closets and storage spaces. Buyers know how much stuff they have. That’s why it’s important to be sure the homes they’re looking at have the right kind of storage. Some buyers prefer an attic, and other buyers want to have a large basement. There are buyers who care more about how large the closets are than how much the house costs. Storage is always a selling point, whether a buyer wants big closets, a large basement, or a second garage.Price MattersPrice points matter, but it’s okay for buyers to look outside their targeted price point. For example, if a buyer is looking to purchase a home that costs $500,000 or less, they shouldn’t discount homes slightly over that price point. Some sellers are willing to take a lower offer if it means they can sell faster. Many sellers even price their home slightly above what they are looking to sell it for so that they have room to negotiate.Buying a new home in Madison means buyers must know what they can afford, and they must know what they want. Prioritizing what’s important helps buyers learn what they cannot live without versus what they are willing to sacrifice to find their next home. It also helps alleviate a little bit of the stress that can occur when shopping for the right home.