Home Buying Checklist

The Ultimate Home Buyer’s Checklist (Needs vs. Wants)

The excitement of buying a home can quickly turn into “analysis paralysis” if you’re not clear on what you’re looking for. A focused home search is a successful home search. The key is to clearly define your “must-haves” versus your “nice-to-haves” before you start looking at listings.

This guide is your practical workshop to build that essential list, helping you quickly identify homes that are a true fit and eliminate those that aren’t.

The “Must-Haves”: Your Non-Negotiables

These are the absolute deal-breakers. If a house doesn’t have these, you walk away. Be realistic, as these often directly impact your budget and the available inventory.

Examples of Must-Haves:

  • Minimum number of bedrooms (e.g., “at least 3 bedrooms”).
  • Specific school catchment area.
  • Double garage.
  • Main-floor office for remote work.

The “Nice-to-Haves”: Your Wants & Wishes

These are the features that would be fantastic but aren’t essential. This is where you can be flexible. If a home ticks all your “must-haves,” these “wants” become the tie-breakers.

Examples of Nice-to-Haves:

  • Finished basement.
  • South-facing backyard.
  • Gas stove.
  • Quartz countertops.

Your Personalized Home Buying Checklist

Use this checklist to help you organize your thoughts. Print it out, fill it in, and discuss it with anyone involved in your home buying decision. This clarity will be invaluable as you start your search!

Feature / CategoryMust-Have (✓)Nice-to-Have (✓)Notes / Details
Location
School District
Commute TimeMax. minutes to work/school
The Home Structure
Type of HomeSingle-family, duplex, condo, etc.
Number of BedroomsMinimum
Number of BathroomsMinimum
Interior Features
Kitchen LayoutOpen concept, island, pantry
Main Floor Office
Exterior Features
Yard Size
Facing DirectionSouth-facing backyard, et

✨ Get Your Free Printable Checklist!

Download our beautifully designed, comprehensive checklist. Print it out to make notes during showings, compare properties effortlessly, and ensure you find your perfect home.

Your Next Step

With your clear, organized checklist in hand, you’re ready to start exploring the Edmonton real estate market with purpose and confidence.

See how this fits into the bigger picture in our Ultimate Guide to Buying a Home in Edmonton →

Ready to Start Looking?

Home Search FAQs

How many homes should I see before making an offer?

There is no magic number. Some buyers find the perfect home on their first day, while others may look at 20 or more. The goal isn’t to see a certain number of homes, but to become educated on the current market. Once you feel you have a strong sense of what your money can buy in your desired neighbourhood, you’ll know the right home when you see it.

What are the biggest red flags to watch for during a showing?

Beyond cosmetic issues, look for major potential problems. Key red flags include signs of water damage (stains on ceilings or in the basement), a strong musty or damp smell, major cracks in the foundation or walls, and an electrical panel that looks old or disorganized. Also, pay attention to the condition of big-ticket items like the roof, windows, and furnace.

Should I be concerned about a house that has been on the market for a long time?

Not necessarily. A long time on the market doesn’t always mean there’s something wrong with the house; it’s often a sign that the property was initially overpriced. If the price has since been corrected, it can represent a great opportunity to purchase a solid home with less competition. It’s a situation that warrants further investigation, not automatic dismissal.

How do I know what a home is really worth?

The true market value of a home is determined by what similar properties in the area have recently sold for. As your Realtor, we provide a detailed comparative market analysis (CMA) for any home you are serious about. This report compares the property to other recent sales, active listings, and expired listings, giving you the hard data needed to make a confident and informed offer.

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