We have all dreamed as children what our dream home should look like and made mock versions of it from sand each summer holiday. However, as we grew up we realized that the real estate market is not that favorable towards our dreams and that actually building our dream house is not feasible in the way we imagined it would be. Just because buying or building your dream home is hard to accomplish, this doesn’t mean that you should give up forever, as dreams do come true. In reality, you just have to follow certain guidelines when it comes to buying a new home.
Know what a “dream home” really implies
One of the biggest obstacles to owning your own home is the fact that many people are simply not certain about what they really want. In other words, you not only need to be realistic but you have to look deep down into yourself and be able to list all the features that your future home should have. If you saw TV shows when you’re a kid that featured a luxurious villa, then this is probably not your dream when somebody else’s.
Bigger is not always better, nor is opulence something that you should strive for regardless of the cost. For you, set out on turning your dreams into reality, ate a short list of the things you really want to see in your new home and preferably, create a list of the things that you do not want to see your new home. This way budget planning will be much easier once you start turning dreams into reality.
Get a second opinion
As we said earlier, you should not let anyone, not even your friends and family, impose the design of your dream home onto you. However, this does not mean that you’re not going to solicit the support of your loved ones for this once in a lifetime project. This way you will benefit from a second opinion and they will be able to help you with certain dilemmas you might have, such as choosing the color of the walls in the bathroom or whether the large family portrait should go in the living room above the couch. Finally, there is support doesn’t have to be restricted to words only and they can pitch in for the final sum you are going to pay for the house.
Financial consistency
Speaking of the finances, purchasing a new home is considered a long term investment so you’re going to save for it for a number of years, even decades. This will require at most utmost discipline on your side, as you’re going to have to focus on the house in question every single month you receive your paycheck. As you set money aside the sum will enlarge from year to year and you will be tempted to spend all or part of it on some ephemeral things. If you are ever tempted to do so, just think of the family reward – a house of your own. Could there be a more pleasing goal to strive to?
Involving the professionals
Having saved enough money to purchase a decent property in your area, it is time to call in the professionals. As we said earlier, the real estate market can fluctuate a lot, so you need somebody who knows the ropes. Just when it comes to major Australian cities, real estate prices have been going up and down in recent years, so it is really hard to follow trends. However, if you have a trustworthy Sydney buyer agent at your side, you can count on their help to make a sound investment and accomplish a stress-free purchase. There isn’t an Australian who doesn’t dream of owning his or her own home and buyer agents are there to carefully listen to their dreams and “locate” their dream homes. Hiring professionals covers the most painstaking phase of buying your dream home which is researching the market for opportunities. Once you become familiar with the real estate market you might wish to invest in other property as well, in which case your contact with the buyer agent will prove valuable.
Be ready to make small compromises
Knowing what you want in the dream home is just part of the process of acquiring it. The fact is that a real estate market perhaps might not be favorable towards your preferences so you are going to have to make compromises here in there. Now, we are not speaking about endangering the vision of your dream home as a whole but making small compromises that will help you get the bigger prize.
For instance, if you want a house with a view and a large balcony and you find the perfect real estate that has a view over the sea but the balcony is really small you might want to purchase the property anyway. After you have secured this house, you can make adjustments to it and make it fit into your dream. You see, the thing about houses is that they can be altered in any way you wish. The only real question here is how much money will these improvements cost and will they make the whole investment worthwhile.
In the end, it appears that actually buying your new home is the easiest step in the long process of finally owning your dream house. Once the time comes to pick up the phone and call buyer agents, you will have already gone through the worst phase because you have shown sufficient focus and financial discipline to save enough money for the house that you have dreamed your entire life about.