Matrix to Help You Find Your Castle (Patreon)
Content
Mr Dizzle had a great question on Discourse regarding the challenge of selecting the ideal home and making a final decision. My approach, which I have utilized for decades, involves the use of a matrix. I am aware this may not be surprising given my preference for data driven decision-making.
The steps involved are straightforward:
- Identify ten parameters that are significant to you
- Assign weights/scores to each parameter
- Use modern real estate search engines to find your perfect living space.
It is important to remember that there is no such thing as a perfect home.
However, if you can achieve six or seven of your top ten requirements, it is worth considering making an aggressive bid on the property.
The only way to find the perfect home is to build it yourself, but based on my experience after building two homes, the cost, time, stress, legalities, permits, and money involved make it a challenging and costly endeavor. In life, it is all about compromise.
The perfect home is out there - you just need to hunt for it and it is so much easier nowadays than it was in the 90's (thanks Redfin, Zillow, etc)
Feedback for myself and Mr Dizzle much appreciated on the thread which you can find here:
https://community.investanswers.io/t/how-to-take-the-emotion-out-of-home-buying/18081