The Secret Ingredient To Making a Smart Housing Decision in St. George

The housing market in St. George, Utah is very strong as of 2019.  Homes are selling fast, and sellers are smiling at the purchase prices.  This should make all homeowners pause, at least for a moment, to consider selling at this time.  Of course, there are many factors to weigh in the housing decision of whether to sell then buy or rent, stay put, or make home improvements.  This article demonstrates a smart way to make your next housing decision by using the IHDS (Intelligent Housing Decision Score).  The IHDS is the secret ingredient which reduces stress and makes you look brilliant.

Prioritized Criteria

Before getting to the scoring system, it is recommended to narrow your options to two.  For example, selling and buying a different house in a neighboring town may be one option, and staying put may be the other.  Or, perhaps remodeling your existing house is the option you’re comparing with selling and then renting a property. Choose the two that are real possibilities in your and your partner’s mind.  Next, write the two options at the top of a sheet of paper, dividing the paper in half.

Now, the next part takes more thought, but is well worth it.  Psychologists have mapped out the eight key factors that bring satisfaction with a new housing decision.  They are 1) family stability, 2) budget, 3) work life, 4) social life, 5) schools, 6) recreation, 7) church, and 8) climate.  The hardest part is prioritizing them, because the order of their importance can vary from person to person. For example, senior citizens generally place more value on climate and church than on work life and schools; however, for most adults, they are listed in the order recommended by the experts.  

If you and your partner agree that family is the single most important value to your happiness, then you would list family first on the sheet of paper, under both options, and write 1-10 by it.  If work comes next, write it under “family” and put 1-9 next to it. If recreation is your third most important value to happiness, then write it next with 1-8 by it.

IHDS Example

After ranking the “happiness variables,” score them within their assigned ranges.  See example, below.

Sell and Buy______________________________Remodel

Family: 1-10. . .6 Family: 1-10. . .8

Budget: 1-9. . .5 Budget: 1-9. . .7

Work: 1-8. . .7 Work: 1-8. . .8

Social life: 1-7. . .5 Social life: 1-7. . .7

Schools: 1-6. . .4 Schools: 1-6. . .5

Recreation: 1-5. . .5 Recreation: 1-5. . .3

Church: 1-4. . .3 Church: 1-4. . .3

Climate: 1-3. . .2 Climate: 1-3. . .3

IHDS IHDS

37 44

In the scenario above, remodeling the existing house scored 7 points higher than selling the house and buying in the neighboring town; therefore, it would be the preferred choice.  There is peace of mind in knowing that the point values were based on what matters most to you. This decreases the chances of making a bad housing decision.

A helpful exercise is for you and your spouse to do this separately, then come together and make whatever scoring compromises are necessary.  After all, a good marriage requires each spouse to give heavy weight to what the other one thinks and wants. Your spouse may be more in love with your neighborhood and friends than you are, and you might love your job much more than she likes hers.

Using the IHDS scoring system makes a huge decision more mathematical and therefore more objective, while respecting the obvious pertinence of subjectivity.  Hopefully, this will help you in your next housing decision.

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The Secret Ingredient To Making a Smart Housing Decision in St. George

Article By: Clear Content Marketing