The perfect balance: What you should and shouldn’t compromise on when buying a home - Addisons Advisory Group

The perfect balance: What you should and shouldn’t compromise on when buying a home

As difficult as it can be, compromise is an essential part of the home-buying process. Few of us have bottomless pockets, and in expensive capital cities, finding a home that ticks every box while coming in under budget is near impossible.

Compromise doesn’t have to mean settling for a house you don’t want, it's about being flexible with your expectations. Few buyers would want to part with their life savings, only to find themselves stuck in a property they don’t enjoy living in. Reorganising your priorities so that you’re paying only for the features of a property that you need and want, not the ones you don’t, will create a better outcome.

The three main factors buyers need to consider are price, location and the type of accommodation, according Wakelin Property Advisors director Paul Nugent, and one is less flexible than the others.