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The art of the dream house hunt
1. The Art of the Dream House Hunt: 5
Intangibles Every Dream House Has
2. Dream House Intangible #1: It’s “right-sized.”
Your personal Dream House might not be
Barbie-sized (3 floors and 8,500 square feet, to
be precise), but it will be “right-sized” for
you, your family and the activities you want to
do regularly in the home. This is a shift from the
days in which the conventional wisdom said that
more square footage was always better, even if
you weren’t going to use it.
3. Dream House Intangible #2: There’s a lifestyle-
house match. Related to, but different from being
right-sized, your Dream House will be one that
matches up nicely with your lifestyle. In particular,
the ‘who’ and ‘what’ of your life must be a good
match with the features, floor plan and location of a
home for that property to hit Dream House status.
That can mean many things, depending on “who”
does and will live in the home, and “what” activities
make up their lifestyle, for example:
4. • a retirement-aged couple might find their Dream
House to be one level.
• an extended family might find their Dream House
has a full bedroom with en suite bath on the
ground floor, for the grandparents.
• a growing family’s Dream House might have
discrete spaces for Mom’s office, the kids’ study
areas, Dad’s shop and even other activity areas
for various children’s hobbies and pursuits.
5. Dream House Intangible #3: It provides vision
fuel. A Dream House is one that allows you to
envision a number of exciting upgrades to your
every day life, made possible by the house. To
be clear, no house has the power to make your
life perfect; I mean, even Barbie’s near-perfect
palace only complements her wildly successful
careers and uber-gregarious social life
(hence, her need for a 15-person rooftop hot
tub).
6. Dream House Intangible #4: Staying power. I’ve
already alluded to this, but it’s important so let
me state it outright: it’s important your Dream
Home be one you can see yourself living in and
being comfortable with for at least 5-7 years.
Work for your family for even longer, just in case
you need to stay put while the market slowly
recovers.
7. Dream House Intangible #5: Resale Appeal. Barbie’s
Dream house is clearly Barbie’s Dream house, as is
clear from the fact that it is personalized throughout
in her signature pink (note the pink elevator!) But
the fact is, colors are cosmetic and can be easily
changed by the next buyer to suit their own
tastes. Dream Houses, as a rule, are homes that are
easily personalized by whoever owns them at the
time, and are not so heavily structurally customized
that they lack appeal to a broad segment of buyers.
8. BUYERS: What intangibles are you looking for in
your Dream House?
OWNERS: Have you ever bought what you
considered your Dream House? What made it
so?
9. Randy Bett
Investment Realtor/Author/Investor
Real Estate Professionals Inc.
Better Group Real Estate
202-5403 Crowchild Trail NW
Calgary, AB T3B 4Z1
Phone:403-774-7464 Ext:1
Fax:403-208-0082
Toll Free fax:888-711-6801
