This is the part where we really shape our dream. Not necessarily all of it will come true, but for a moment your wish list will be a long one.
Whatever the case is, this is the stage when the idea starts to form. It is important that you pay extreme attention to the details at this time. One single slip will cause you problem in future.
Looking at the future helps in this stage. Planning to have a family or just trying to reduce the size whatever the case may be your needs will be clear.
Based on the previous question your next step should be determined. Should you pay attention to schools or hospitals or public transit or public services, are finalized based on that.
Also you can fairly settle on the size of the place you are looking for and the type of dwelling you are up to.
Having small kid puts important on the education and it is also obvious that you may want to look for a younger community where your kids will make a lot of friends.
So, this is the most important stage of all.