EditorsIt’s such an exciting step when the time is right to search for your dream home; there is a lot to think about, but since this is the time when the goals you’ve been imagining your entire life can come to fruition, it’s worth any stress and hassle that you might come across.
Of course, there can be other issues to contend with. Those dreams you have might not quite fit with the budget you have. However, rather than being disappointed, it’s time to regroup and refocus. Remember, it is possible to find your dream house on a budget, although some compromise might be needed. Read on to find out more.
Make A List Of Priorities
Search out homes for sale and you’ll find hundreds to choose from. However, until you can be sure of exactly what your dream consists of, you’re not going to know which ones are going to be suitable – neither will you know which ones fit in your budget.
This is why it’s crucial that you have a list of priorities that your new home has to have. What matters to you the most when you’re searching for your next property? What doesn’t matter at all? Although you might have an idea in your head as to exactly what you want from a property, when you really sit down and take some time over it, do those ideas really have to be included? If not, you’re widening your search a lot, and if you do happen to find a property in budget that has those extras, that’s a great bonus.
Look Past The Flaws
Some flaws a property has can’t be overlooked; if they are major structural issues and you don’t have a lot of spare time or cash to fix them, it’s best to walk away. However, if you find a property that checks all the boxes on your priority list (and maybe even has a few extras there as well), and fits in your comfortable budget, but that also needs renovating, perhaps a new kitchen or bathroom or maybe even entirely redecorating, don’t dismiss it right away.
Also check for eco-friendly aspects of the house and if it’s possible to make it greener with simple solutions.
If everything else is right and it will take some elbow grease and time to make things look good inside, then this could be your dream house in disguise. And if this is the only way to get the size of house you want in the perfect location for the right price, then a little extra work should be an easy trade to make.
Make More From Your Home
If you know what your budget is, and you know how much your dream house is going to cost, how can you bridge the gap between those two prices? Your current house might have the answer. The more you can make from that sale, the more you can afford to spend on your next property.
You won’t want to spend a huge amount of money on your current home as you might not make enough back to make the difference, but if you speak to your realtor for advice and carry out some work, you might just be able to make the extra money you need to make your dream come true. Alternatively, wait. If your home’s value will go up after another one or two years, this could give you what you need. Of course, the price of your dream house might go up too, so this is a gamble you would have to be willing to take.
Also read:
