First time home buyers seem to be the main culprits that are taglined to this phrase. When buying your first home, let it be your first home. There are many differences between wants and needs. They are determined and prioritized based on the goal that you are trying to achieve.
Different factors will rank higher on Tom’s priority list than Bob’s. The location of your future home is where the search begins, on average. Most people take school districts amd distance from work and family into account. Other factors then come into play.. the amount of bedrooms, the size of the yard, whether or not the property has a basement or garage. The key is to weigh these options and figure out what is most important to you. You may not find the “perfect” house per say, but you can certainly find ways to improve it and make it perfect for your current needs.
A prime example would be the garage argument. Have you found yourself saying “I would write an offer today on that house, if it had a garage.” Let me ask you this… does it have space for you to build a garage? If so, it seems like the problem is solved.
I don’t suggest buying the first home that you go to see. But if you’ve seen many properties and can not find the one, it may be time to sit down and reflect on what’s important to you. As I stated before, let it be your first home. This will more than likely not be the only home you ever purchase. Find one that meets the highest number of needs on your list and see if you can add the wants that you’re looking for.