Home Buying Advice – 80% 10% 10%
Agent Carol Raike Gives a PSA to All Home Buyers
by Jordan Golisano-VanNeil | November 6th, 2023
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Whether you’re in the market to buy your first home or your fourth home, choosing the right one can be very stressful and exciting all at the same time. Most people go out in search of their “unicorn” and they try to find a home that has 100% of their wants, needs, and desires. We sat down with Carol Raike, a Licensed Real Estate Salesperson at Roohan Realty, and she taught us about the 80% 10% 10% rule, which helps guide home buyers towards finding what’s right for them.
80% 10% 10% Rule
80% of the house you need to love, 10% of the house you can change and 10% of the house you have to be able to live with as is (you can’t change these things about the house).
This 3 step rule helps simplify the decision making process. Carol says “nothing is perfect in life… always a compromise!” Pick out what is most important to you and focus on that. Find a home that has 80% of your needs and wants. Allow 10 % of the home to be subjected to change, it is okay to change things in a house after you buy it. That 10% wiggle room allows you to change cosmetic things such as paint color, cabinet stain, updated half bathroom or perhaps adding an inground pool. With the remaining 10%, this covers the parts of the home that you can’t change, like floorplan, neighborhood, and lot size. We view friendships the same way we should be viewing the homebuying process, you love them just as they are and you don’t try to change everything about them. The hard truth is that no house is going to be absolutely perfect but by following Carol’s 80, 10, 10 rule, you will be able to streamline your decision making process and choose the house that’s right for you. So… love 80%, change 10%, live with 10% and you will find YOUR perfect home!
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