House hunting is an exciting adventure whether you’re a first-time buyer or looking to upgrade or downsize from your current home. Lifestyle, amenities, work and commuting, family, and pets all come into play when choosing your next home, and as exciting as it is, it can also feel overwhelming. With neighbourhoods that offer various atmospheres and different home styles, it’s easy to get swept away by all the possibilities.
In a competitive housing market like Cochrane’s, knowing your needs versus your wants will help you make faster, more confident decisions when the right home comes along. It also prevents you from making an emotional choice that might not work out long term.
The Difference Between Needs and Wants
Before sitting down online and looking for your dream home, it’s wise to distinguish between what you need in a house and what you want. ‘Needs’ are those non-negotiable features that directly impact your day-to-day living and quality of life, such as the number of bedrooms or garage. On the other hand, ‘Wants’ are the nice-to-haves—features that would be enjoyable but aren’t deal-breakers if you don’t have them, such as granite counters or a bonus room.
Assessing Your Needs
When thinking about your needs, ask yourself these questions: What are the things that will impact your everyday life? What features would make your life more functional or comfortable? Everyone’s list will be different, but here are some practical needs to consider:
1. Location
One of the first things to think about is location. Cochrane offers a variety of communities, each with its own vibe. Do you want to live in a quiet, family-friendly area or somewhere closer to Cochrane’s growing downtown? Consider proximity to schools, work, and amenities. If you work in Calgary, easy access to major highways might be a priority for commute times. Living closer to the mountains might fit better into your lifestyle if you enjoy outdoor adventures like hiking, camping, or skiing.
2. Size of the Home
Size is another major factor. How many bedrooms do you need for your family? Do you need a dedicated home office or a playroom for the kids? Think not only about your current living situation but how it may evolve. For example, your needs may shift over time if you plan to grow your family or work remotely long-term.
3. Budget
Be realistic about your budget when house hunting. What’s the maximum amount you can comfortably spend, considering expenses such as property taxes, utility costs, and potential maintenance or renovations? Prioritizing your financial needs will help ensure you don’t overextend yourself and become house-poor.
4. Yard Space
In a place like Cochrane, where outdoor living is highly valued, yard space could be more of a need than a want, especially if you have kids or pets. Do you need a fenced backyard? Or space for a garden? While Cochrane boasts beautiful parks and nature trails, some homeowners may still want the privacy and freedom of having their own outdoor space.
5. Floor Plan and Accessibility
The layout of a home can have an impact on how functional it is. Do you need an open floor plan? A single-story home for accessibility reasons? Multiple bathrooms or an en-suite in the primary bedroom? A separate area for the teens and their friends? These things can make a big difference to your daily routine and the atmosphere in the home.
Defining Your Wants
While your needs list should be as practical as possible, your wants list can include all the extra features you’d love to have but could live without if necessary. Cochrane has many home styles, from modern new builds to charming older homes, so there’s plenty of room to dream. Here are a few common wants to consider:
1. Upgraded Finishes
Granite countertops, hardwood floors, and high-end appliances might be features that top your wants list. While these can undoubtedly enhance a home’s beauty and functionality, remember that cosmetic changes are often things you can add later. If a home checks off all your needs but has laminate countertops, consider whether that’s something you can live with or upgrade over time.
2. Smart Home Features
Technology has come a long way, and smart home features are becoming increasingly popular. From programmable thermostats to smart lighting and security systems, these conveniences can definitely enhance your living experience. However, you can often add these features later and shouldn’t allow them to be deal-breakers if you don’t find them in your price range.
3. View
It’s easy to want a home with a mountain view in a place as scenic as Cochrane. And while waking up to the Rockies every day would be a dream come true, it may not be a realistic need. If a home is perfect in every other way but doesn’t have that stunning view, it may still be worth considering. After all, there are plenty of parks and viewpoints around town where you can still enjoy the beauty of the mountains.
4. Bonus Spaces
Extra spaces are always a plus, whether it’s a finished basement, a bonus room above the garage, or a luxurious deck for entertaining. If the main living spaces meet your needs, don’t let an unfinished basement scare you away. You can expand your deck or finish the basement as time and finances allow.
Your needs list should guide your house-hunting search, but your wants list can help you find a home that fits your style and taste. Remember, no home is perfect, but by being clear on what’s non-negotiable for your lifestyle, you’ll be able to make a decision that not only meets your practical needs but also feels like a place you’ll love for years to come.
Our team at Leah Real Estate has extensive knowledge of Cochrane and what each neighbourhood offers. Contact our team at (403) 437-2290, and we can connect you with an agent who can help you find a home that meets your vision and lifestyle!