Whenever we make purchase decisions, our emotions and logic are often at odds. Buying a new house is no different. But it’s even more challenging to balance the two because it’s a major decision. There are no seven-day returns, refunds or warranties when we purchase a property. That’s why we have to strive to find the right balance between emotions and rationality lest we regret our decision.
Logic compels us to look at the data and work on getting the best deal. We crunch numbers, pore over technical specs and compute for potential resale value. We compare the price per square metre with that of other houses near the area. We’re cautious of all the costs involved, and we make sure that we stick to our set budget. Our future considerations include utility costs, property taxes and other such factors.
While deciding rationally enables us to inspect everything with detail, we can be too preoccupied with the numbers and neglect how we feel about living in the house. This can result in living in a home we don’t love or having to move out soon after we move in.
Impact of Emotions
Our emotions greatly influence our decisions, including that of buying a house. It’s not surprising that many people choose a home simply because they like it. Our emotions truly impact our decision-making process much more than we realise.
Walking through a home for the first time triggers a myriad of emotions. We’re excited to see what the house has to offer, hopeful that we’ve finally found the right one and yet fearful that we might make the wrong decision.
From the very moment we step inside, we start creating scenarios as we imagine how our daily life inside the house will look like. We envision cooking in the kitchen, lounging in the den, watching the kids run around in the yard and countless other images of the family living in the home. This emotional attachment to a house significantly impacts our decision whether to buy it or not.
However, our emotions also make us prone to impulsive decisions. Without balancing it with logic, we can be compelled to make a choice that might affect our finances and way of living.
Making Informed Decisions
Buying a house is an important decision, and so we must be intentional about it. We must balance how we feel about a house with the necessary data and insights on the costs involved. If none of the houses we view meet our satisfaction, there’s also the option of building our own. We may not be able to visit the actual home until it’s built, but we can walk through it virtually using revvis.
revvis is an interactive platform that allows buyers to virtualise homes even before construction begins. It helps us get an idea of how a house would look and feel before we step foot in it. It enables us to plan how to furnish and decorate a home so that it creates the right atmosphere we want.
Whether we choose to buy or build a home, we can make informed decisions that balance emotions and logic.