A common phrase in the business world is ROI, or Return on Investment. It is the amount of gain or loss you get from an asset relative to its cost.
The gain you may realize when it comes to your house is more than just financial. You may also enjoy the benefits of the lifestyle you get from it. A large backyard deck can be a great way to spend many Saturdays enjoying friends and family. The convenience of commuting routes makes it easier to get to work.
Lifestyle factors are crucial when deciding where to live now and where you want to be in the future.
It's a good idea for you to perform a Lifestyle Analysis every so often. It's easy. It is easy to make a list of the lifestyle traits you desire in a home and in your neighborhood. Consider how much space you require, the type of neighborhood you prefer, your hobbies, and what is important nearby (such schools, for example).
Next, prioritize. You can move items around to ensure that the most important lifestyle aspects are at the top of your list.
Finally, go through the list again and identify any lifestyle features your home currently provides.
You're probably in good shape if you can check off all (ideally all) of the items on your list. You probably have the home that you desire.
If you are not aware of some lifestyle aspects, it may be worth looking into whether buying a home with a higher "Lifestyle ROI" might be a good idea.