Wednesday, July 19, 2017

Build, Buy Or DIY Your Dream Home

When we buy a house, we are all looking for our dream home. The perfect place to live, to relax after work, raise a family or perhaps grow old together. But how do you find it? Truth be told some of the traits of the dream home simply don’t fit into a typical budget. Or, they aren’t available in the part of the world where you live. Take an outdoor pool for instance. If you live in the UK, it’s quite rare to find a home with a full sized outdoor pool, even along the coast. That’s why our first tip when looking for your dream home would be to make a move.

Relocate Abroad

There are lots of advantages to moving abroad when you’re searching for a new home. On the most basic level, it will give you a fresh start, and that’s always an exciting opportunity. More than that though, it will allow you to take advantage of the exchange rate.

You might be able to move to a part of the world where your currency is actually more valuable than theirs. If that’s the case, then you can buy a home far beyond your typical means by purchasing it with any money that you have saved over the years. Brits moving to America have always been amazed at what a few hundred thousand pounds could buy them there. In short, the houses are nearly double the size for the same cost. And yes, you’ll probably be able to find one with that beautiful back garden pool.

It’s certainly a perfect idea if you’re looking for your dream home when you retire. After you retire and your kids are grown up, nothing will be tying you down to one location. So, you should be able to move abroad and find your dream place to live. Just make sure that you are aware of your rights and benefits as an expat.

Building The Dream Home

Of course, if you are intent on staying in the same location, you could just build the home yourself. Or rather hire a company to build your new home. New home builders specialise in creating modern, beautiful houses for contemporary society. The best part is that they typically work with the budget of the client and strive to make sure that they do incorporate sought after features. So, you might be able to get the pool with the underwater features. Or, the multiple bedrooms upstairs and downstairs for your large family.

The best reason to build is that you’ll have complete control over the final result. If you’re desperate to own a certain type of home, this is how to get it. There’s another advantage to building too. You’ll be able to decide where you live. You could theoretically build in a beauty spot in the middle of nowhere as long as you can buy the land.

Buy A Fixer Upper

You might be living on a limited income and only just starting to think about purchasing your first home. Can you still buy the dream place to live? Truth be told, you probably won’t be able to afford your dream home by purchasing a brand new property on the market. It’s likely that the cost will be beyond your budget. Even if it’s not, it might not be a smart move to buy it with a small deposit. That will leave you with a mortgage that is always going to be difficult to pay off.

So, what’s the answer? Well, you could purchase a home that is looking a little worse for wear and needs some TLC. Essentially, you may want to consider buying a fixer upper. These are usually older homes that have been neglected.

When buying a fixer upper, you need to make sure that the issues with it are mainly cosmetic. You don’t want to get stuck with a property that is going to have a lot of expensive repairs. If this occurs then the dream home could quickly become a money pit.

If you’re going to buy a fixer upper, make sure you can handle a lot of the repairs yourself rather than paying for services. For smaller jobs, you should be able to use guides online to help you complete them without an extra hand.

As you can see then, there are multiple ways to get your hands on the dream home. So, why settle for less. With these tactics, you’ll be able to live in a property that you truly love for years.

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