Finding your dream home can be an overwhelming project, especially for first-time buyers. Signing your first dream home contract can be stressful too. If you also take into account the staggering increase in house prices across the country, it is not difficult to predict how hard the months ahead will be.
However, here we are talking about your dream home – and, potentially, one of the most significant investments you’ll make in your life! So, there is no compromising or settling for something that is just not right for your lifestyle and future plans. While looking at the housing market can be intimidating and confusing, here are a few considerations to make that can at least point you in the right direction. Start here!
Signing Your Dream Home Contract
The Floorplan and Your Lifestyle
Yes, most houses have a few rooms, a bathroom, and a kitchen. But is the floor plan right for what you see yourself doing in the future? The pandemic has radically changed what new homes’ floor plans look like – and what new buyers look for in the perfect nest for their families. In the past, families would be looking for dedicated spaces and plenty of storage.
Today, homeowners need versatile rooms that can transform from a home office into a yoga studio in a matter of seconds. After all, the pandemic has had a long-lasting impact that cannot be ignored. So, you will be looking for an extra space where you can turn into your office, a wide-open room that can accommodate your gym equipment, and plenty of outdoor space for everyone to enjoy time together. You need to make sure before you sign your dream home contract you can accommodate your needs.
Location and Your Future Plans
Before signing your dream home contract, it is essential to shop for the future. Your current lifestyle can change in a matter of months, and it is essential that your home can easily accommodate these changes. For example, you might be looking to start a family or welcome a second baby into your household. In any case, you might need a room and plenty of space for them to play away from your home office.
Your work life can also dictate certain features that your home should have. You’ll need a reliable Internet connection and a home office that offers plenty of air and natural light. If your partner works from home too, you might need to dedicate two rooms to your work life! Take into consideration what your life will look like in a few years to know whether certain property is suitable.
The Substance Beyond Aesthetics
Not all houses are ready to go – but this does not mean that they are not perfect for your family! Especially if you are looking for a building with character, you might have to deal with the consequences of years of use and abuse, previous tenants, and outdated systems. However, just because the beauty of a property is hidden under peeling paint, it does not mean that it does not offer great value for money!
Before committing to a dream home contract, make sure you are ready to undertake the renovation projects it needs. And, get the quotes you need to know how much it will all cost you – so you can then negotiate the house price and still be within your budget!
Go Greener When You Sign Your Dream Home Contract
Whether you have opted for an older building that needs renovations or you are looking for a newly-built building, make sure your home is sustainable. Sustainable systems – including solar panels and energy-efficient appliances – can help you minimize your environmental impact and considerably reduce your bills. While you might not have had the choice to convert your previous home to more sustainable water and electrical systems, you do now! This is an important consideration also before signing that dream home contract.
Make Sure It Is Not a Financial Burden
While you should not put a price tag on your dream home, it is essential that you understand your finances before taking on a dream home contract. As it is likely for you to take out a mortgage, you will need to ensure that you can comfortably repay it without having to worry about debts or rates that are unaffordable. After all, your home should serve you and your lifestyle – you should not spend your entire life trying to repay it!
Plan Ahead for the Move
Moving to your just-bought home can be exciting – but also challenging and overwhelming. Without proper planning, you might find yourself out of your depth and often in the position of having to throw away some of your dearest possessions. All this because you did not plan for it correctly! Collaborating with expert local movers allows you to start planning in advance and budgeting for the move. So you won’t have to deal with any surprises as you settle into your dream home.
Final Thoughts on Signing Your Dream Home Contract
Before signing your dream home contract, make sure you choose the home you truly need and want. Consider the repairs and maintenance as well as your needs for space as well. Doing so will ensure a happy and positive experience.