This quiz is designed to show you which of the four major decision
factor categories best matches your housing priorities. Expect your
categories to overlap a lot, and remember that there are no right or
wrong
answers, just preferences. Remember too that your answers are intensely
personal - do not answer what you believe someone else may want or
value.
When you are finished choosing your answers, click the button at the
bottom of the screen to receive a breakdown (by percentage) of your
housing priorities.
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1. One important priority I have in
looking for my next home includes finding: |
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A place where I can make new friends (and/or my children
can find friends and playmates.) |
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A home in a location where I can have more quiet and privacy. |
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A home in a nice neighborhood that will appreciate in value. |
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A home that has more space, more interesting amenities, or modern
features than where I presently live. |
2. Another important objective
in my search for my next home is: |
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Having a back yard or patio where I can
spend time outdoors.
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Being able to fix up the place exactly as I please. |
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Finding a good school system for my children. |
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Looking forward to building up equity when I make my monthly
payments. |
3. When it comes to the price I can pay for my next home:
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I’d go out on a limb to find the
right home for my family.
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I would sacrifice ease of commuting time and move further
out if I have to in order to find a better house that I could afford. |
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I’ve set a budget for what I can afford and that’s
it. I won’t exceed my budgeted amount even if I have to give up
a place that I find attractive. |
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I should have enough savings to qualify for the home I
really want for myself. |
4. It is very important for me to have:
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A very nice home in a prestigious neighborhood.
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A place to live that represents equity buildup and a form
of forced savings. |
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A spacious home that has all the latest comforts. |
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A home in a familiar community where I already have put
down “roots.” |
5. When it comes to safety: |
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I’d settle for smaller space in a
safer area rather than a big, gracious home in an area with a higher
crime rate. |
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If the crime rate in an area was a little higher than
average but the school system was the best in the area, I’d move
there anyway and just be more aware and teach my kids to be more careful.
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If homes were appreciating in a particular area at a very
fast rate, even though it was an area with a higher crime rate, I’d
go for it. |
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Nothing could make me move to an area where the crime
rate is higher than average. |
6. I tend to deal with my housing priorities:
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In terms of lifestyle. I keep reworking my ideas about my next home
to figure out what it is that I really want for myself.
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On a bottom line basis. Do I have enough to make a comfortable
down payment, and can I handle the monthly payments without worrying
all the time about making ends meet? |
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In terms of physical space. Will the home have enough
amenities? Are there enough extra bedrooms for guests? Are there enough
closets? Is there a fireplace? |
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By regarding home as the center of my family and social
life, a place where I can entertain and my children will have room to
hang out with their own friends too. |
7. To feel totally satisfied
with my housing, this is what I’d need: |
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A place where I can live as I please and
that reflects the “real
me” to the outer world.
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To know my family was 100% satisfied and comfortable in
the home in which we live. |
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To know that my home represents a good investment as well
as a comfortable place to live. |
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A different location or more physical space to expand
into than I have in my present home. |
8. To me, homeownership
represents the following important financial advantage: |
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Growing equity that I can tap into whenever and for whatever I choose. |
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An opportunity to preserve or leverage a tax-sheltered, appreciating
capital asset. |
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The chance to trade up to a bigger home when I am ready. |
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A source of savings for future educational or family retirement
needs. |
9. If I “fell in
love with” and wanted to buy a particular home, but it isn’t
within my budget: |
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If the home, the environment, and the neighborhood
were extremely attractive to me, I’d figure out how to adjust
my budget to be able afford it.
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I’d figure out a way to be able to afford a home
and environment just like that at some point in the future. |
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I’d decide I don’t really want it, or I may
buy it on impulse even though it may make me feel very uncomfortable
later. |
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If I thought it was good for my family and could also
be near friends, I would sacrifice to buy it. I’d scrape together
the down payment and work harder—maybe take another job—to
make sure I could always make the payments. |
10. I’d want any
home that I’d move into most of all: |
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To be my haven, my castle, the place I can go to relax, rest up,
and re-create myself for whatever lies ahead.
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To be completely comfortable, a place where all of my
physical needs can be met very nicely. |
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To be a good value and appreciating asset. |
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To be close to family and friends and to be where I feel
like a member of the local community. |
11. Where I live now, I
have the freedom I need: |
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To be independent, to come and go as I please, and live my life as
I see fit.
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To share many common interests with friends and family
who live close by. |
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To pay off my mortgage as fast as I’d like in order
to own it free and clear as soon as possible. |
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To make any changes I’d like to expand, remodel
or improve the property as I’d like. |
12. I enjoy: |
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Having the physical space to entertain many people, family gatherings,
or just a few friends as often as possible.
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Entertaining business friends and colleagues on occasion. |
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Calling up family members or friends and inviting them
over to spend time with me, perhaps on the spur of the moment. |
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Spending quiet, uninterrupted time all alone doing whatever
I want to do. |
13. On my days off or when
I’m on vacation, I look forward to: |
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Being involved with projects that enhance the beauty and value of
my home.
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Locking up and leaving home without worry as often as the mood strikes
me.
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Puttering around my home, making needed repairs, finishing
the basement, or just making the place more comfortable. |
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Watching movies or sports on TV with partner, spouse,
kids, or buddies. |
14. When it comes to having
pets: |
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I have (or would like to have) a dog or cat.
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Cats or dogs (or snakes, or turtles, or rabbits, or
guinea pigs, or birds) are part of the family, unless of course, someone
at home is allergic to them.
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No pets. They cost half as much to raise as kids these
days. |
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If I had more room, or a fenced-in yard (or my own place
where they allowed pets), I would like to have one or more. |
15. The particular style
of my home is more or less important to me. I tend to like: |
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Traditional, roomy and welcoming homes that will accommodate family
and friends.
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Any style as long as it is attractive to look at, is well
located, and has something unique about it. |
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Traditional homes with all the latest upgrades and physical
comforts. |
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Bargains in good locations that can be transformed into
great homes with growing value. |
16. When it comes to conveniences:
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I want my commute to work, schools, shopping, houses of worship,
and anything else I need accessible within a short distance.
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I seek value above all else and assume that the best homes
in the best neighborhoods will be located close to the best conveniences. |
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I don’t mind a commute of up to an hour as long
as my home is located in an area with a good school system, in a pleasant
community, and/or close to anything else that my family is likely to
require. |
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I don’t mind giving up some convenience for beauty,
for unusual location, for a location that is near water, or in the country,
or has a lovely view, or some other amenity that makes it particularly
special. |
17. Financing (or lease) terms must not only be available to me, I
also need them to be:
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As hassle-free as possible, since I am unable to take much time off
from work to keep checking on all the details.
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Flexible, so that I can more easily afford the comfort,
style, beauty and location I seek in a home. |
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As reasonable and as low as possible, so I won’t
be too tied down to a home. |
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The best possible deal with the ability to make extra
monthly payments as often as I can. |
18. When it comes to thinking
about my home as a form of personal saving: |
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The equity buildup in my home is my most important family asset.
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Even the best lease terms are not an option for me. Only
owning my own home can be a form of savings as I build up equity. |
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The equity buildup in my home allows me to make alterations,
repairs, or additions, in order to modernize, beautify, or make it more
comfortable. |
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I choose “safe” and conservative investments
and consider my home as a no-brainer form of savings. |
19. When people see my
home: |
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They can learn a lot about who I am.
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They know that my family and community take priority in
my life. |
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They have no idea whether or not I am financially successful,
since that doesn’t necessarily show up in my personal surroundings. |
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They know that I take great pride in the comfort and beauty
of my home and in its surroundings. |
20. When I look around
my community, |
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I enjoy knowing my neighbors and others in my community and would
look for another home nearby if I were to move.
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When the time is right to reap whatever profit I can from
the sale of my current home, I’ll move on to my next new address
wherever that may be—within reason of course. |
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I feel somewhat connected to the area I currently live
in, but I know I could put down roots if I chose to move somewhere else. |
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I would only move if I could find another home that
would be more beautiful, or if it offered more style and comfort than
my present home.
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