How To Get Your Dream Home For Less

| October 29, 2015 | 0 Comments

We all want to live in our dream home. But can we afford to pay for it? That’s the question that will be answered on this post because actually, there’re a few different ways that you can get your dream home. The cost involved will almost always be a lot less than you had previously anticipated. We’re sure if you follow at least one of these paths; you’ll find you get a place you love living in. Let’s start with the easiest option available to you and examine the cost involved.

Home Renovation

It’s possible to renovate your home so much that by the time you are finished you’re living in a completely different house. Essentially, you can create your dream home on the foundations that you already own. This will usually involve at least some form of extension and room conversions. But by the time you are finished, you could have a house you’re happy to call a home. How much this will cost will depend on the state your home was in when you began. Typically, a homeowner will spend approximately five to ten thousand on each room in the home. So, if your home has ten rooms you could be looking to spend as much as one hundred thousand. That’s still a lot cheaper than purchasing a brand new property.

Upscaling

Of course, you can always sell your old home to get your dream house while it’s on the market. However, to do this you will have to either increase the perceived value of your home or the actual value. There are a few tips and tricks to doing this. If you’re looking to increase the actual value, you will have to spend some cash. The best way to increase home value is to convert a place in your home into another room. For instance, you can convert the attic into a guest room with a gorgeous skylight. Ultimately, this can raise your property value by as much as twenty-five percent.

You can also work on increasing the perceived value of your home. You can look online to find out what colours make rooms look bigger. For instance, by painting your rooms a cream, they look more vast and spacious. As well as this, you’re giving potential buyers a blank canvas to paint their home dreams on.

Using The Exchange Rate

It’s possible that your dream home isn’t in the country where you live now. You shouldn’t limit the search for your dream home if nothing is tying you down. If you move to another country, you might be able to use a good exchange rate to get the right home at a lower cost. Have a look at a few luxury real estate websites to find the right home for you. If you can sell your home for the right price, you might able to get a far more expensive home that you wouldn’t be able to afford in your country.

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Building From Scratch

Your final option is to build your new home from scratch. You can work with a reputable building and designing team to set up the perfect home for you. The advantage of this is that you can get every feature you want built in. The obvious disadvantage is the cost and time involved. But, most building teams can work within your chosen budget. It can be a lot cheaper than you think. Once you’re finished, you’ll have a home fit for royalty.

Category: Home Loan

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