How to Get Everything You Want in a Home

Buy Right

In this 8-part series, How to Find the Perfect Home for You and Your Budget, you’ll learn how to find a home that is the right fit for your lifestyle, needs, and, most importantly, your budget. It takes you through every step and shows you how to avoid buyer’s remorse. Your first home is most likely the stepping stone for your next home, so you want to do it right and set yourself up financially to move up to your next home.

So far in this series, you’ve decided on a monthly budget, narrowed down a location, and decided on your criteria for a new home … but you haven’t been able to go house hunting just yet!

You may think that’s crazy, but it isn’t.

It’s essential to first figure out your answers to each of these three items before you start looking at homes,, or you could end up with the wrong home for you. (Go back to these previous articles if needed: The Backwards (But Right!) Way to Finance Your First Home; Are You a “House” or a “Location” Person?; and Questions to Answer Before You Step Foot in an Open House.)

These three – budget, location, and criteria — are intertwined and play a key role in finding the “perfect” home for you. You can get everything you want in a house by understanding how these three items influence each other and need to balance each other out.

Here’s your homework before you go house hunting:

· Know where you are with the specifics for each one of the three — budget, location, and criteria; and
· Know how each one can affect or influence the others in your search for a home. (This is very important!)

How each is linked is essential when looking for an affordable home, meets your needs, and will satisfy most of your wants.

Confused? Here are more details on this process below.

The 3 Buckets – Budget, Location, and Criteria

When you’re asked to “get in alignment” at this point in the home-buying process, it’s based on an analogy of 3 buckets. Every factor that you can think of when you are buying a home fits into one of these three buckets:

1.) Budget
2.) Location
3.) Criteria (The first two are obvious, but for “criteria,” it’s things like how big, how many bedrooms, how long you plan to live there, condition, etc., aspects about the home itself you require.)

Each bucket doesn’t have to be equal in “weight,” but the total weight combined of the three buckets must be aligned or balance the scale they sit on … that is your ultimate goal.

Simply put, these three categories—budget, location, and criteria—need to be in alignment for you to find the right home in the right location and be within your budget.

Fill Your 3 Buckets in the Right Order

First and foremost, you must understand what you are putting in each bucket and make sure you use this order: budget, location, criteria. That way, you’ll be able to house hunt with a plan and a purpose!

This order is crucial, and that’s why you should first figure out your budget bucket for a new home.

Now it’s your turn — BEGIN with what you want to pay per month, THEN know how much cash you have for the purchase, and THEN bring that information to your real estate agent and lender to have them tell you what your price range should be.

NOT the other way around, which is what most people do — they decide on a purchase price first and then figure out what that means per month. Doing it that way is a recipe for getting a home that’s too expensive or not something you’ll like.

It’s understandable if you’ll push back on this, but trust this process! It will take you where you want to live your best homeowner life!

Of all the buckets, it’s essential to get this one figured out before you start looking for a home. And then don’t change it until you’ve exhausted adjusting your location and criteria first before deciding to alter your budget.

Next, focus on the location bucket. Where do you want to live, and why? What characteristics of that location are essential to you? For example, suppose you love walkability and an easy commute by bike every day. In that case, there are plenty of neighborhoods that fit that particular need, even if it’s not the one you originally had in mind.

If you’re more of a “house person,” then you can be a bit more flexible with your location since you’re more interested in a home’s aesthetics.

Third, focus on the criteria bucket. What do you need in a home? How long do you plan on living there? What do you want your life to be like during that period, and how will your new home influence this life?

Remember, you should have gone through each of these and “filled” each bucket up.

Alignment = The Perfect Home for You and Your Budget.

Next, you need to make sure that there is alignment between each of the three buckets, so they don’t spill over into “no-house land.” For example—if you won’t compromise on location and can’t change your budget, you must focus on the “criteria” bucket.

That means you might want to consider a fixer-upper or a two-bedroom instead of three bedrooms on the same level. That way, you can still have the location and budget you want most.

Can you see how you need to make adjustments and that each “bucket” influences the others?

Approaching your home search in this very organized and systematic way may sound silly or tedious, but it works. It’s normal to have this give and take, and you’ll be in your new “home sweet home” in no time!

Still Feeling Frustrated?

If you ever feel like giving up or are frustrated by the entire home-buying process, don’t forget to think about your home search in this way … three buckets that need to be aligned or balanced on a scale.

Still feeling stuck? Ask yourself what you can let go of. Do you really have to have every single thing on your list in this first home? And, if you are still running into trouble, ask yourself how long you’ll be living in this first home. That can add some clarity to what you put in each bucket. For example, it will help define what you really need in this first home in terms of criteria and location, and what can wait for when it’s time to move on up to the next home.
Knowing the timeline of how long you want to live in your first home can often help you decide whether or not schools are a factor. That’s a topic that will be covered next week. Stay tuned!

You’ve learned how to put it all together by aligning three very important “buckets.” Now you can start house hunting for a home that is perfect for you and for your budget.

We’re not done yet with this series though. Next up, What YOU Need to Know When Buying for Schools — this is something every buyer should take into account whether they have kids or not!


I'm Tehane, a local realtor helping locals buy, sell, and stay local in Honolulu  Schedule a conversationand let's talk about your current situation and where you want to be. Then, let's create a plan to get you there.  Every journey begins with the first step! 



BHGRE Advantage Realty
4211 Waialae Avenue, Box 9050
Honolulu, HI. 96816


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I'm Tehane, a local realtor helping locals buy, sell, and stay local in Honolulu. Schedule a conversation, and let's talk about your current situation and where you want to be. Then, let's create a plan to get you there. Every journey begins with the first step!   

Let's connect 

featured listings



All Articles

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