Advertising
Advertising

The Ultimate Guide To Buying Your Dream Home

The Ultimate Guide To Buying Your Dream Home

All of us have an idea of what our dream home will be like. We might’ve made vision boards filled with magazine cut-outs of Gothic mansions, penthouses or swanky Upper East Side apartments. Some of us are even actively working towards it.

Buying a beautiful house is probably the most important and expensive purchase you’ll ever make, so it is imperative to consider a few things before actually doing it such as figuring out the mortgage, researching the home loans available and of course effectively managing your finances before and after.

1. Decide How Your Dream House Will Be Like

how-your-dream-house-will-be-like

    This is the time to unleash the dreamer in you. Imagine how your dream house will be like. Don’t think about the house you’d buy if you had all the money in the world but the house you really need. Work out the number of rooms depending on the number of people who will live in it, whether it’s going to be an apartment or bungalow, and the like. Check out pictures and home listings online. Also, consider the location and neighbourhood.

    Advertising

    2. Decide Your Budget

    Budget

      Once you have a good idea about your needs, think about the budget and planning. How much money are you willing to shell out? If you’re looking at listings online, compare prices. Once you fix a budget, try to stay within it as you’ll have extra expenses – furniture, decoration, and maintenance costs – to consider.

      3. Double Check Size, Location, Price

      property-for-sale-5-1413776

        Now that you know exactly what you’re after, it’s time to review the facts. Check if the size of your new home is adequate not only for now but also for the future, especially if you’re planning to have children. Check if the location doesn’t make daily commuting to the office difficult and if the neighbourhood isn’t shady.

        Advertising

        And finally, the price. See if you can get it a bit cheaper. As per stats, 44% buyers found their dream home via the internet and 33% hired a realtor. We suggest you hire a realtor and go for a pre-inspection. Make sure you’re getting a good deal.

        4. Fix A Deadline

        Deadline

          Now fix a date in the future, write it down, and tape it to the fridge or wherever you’re likely to see it often. This is your goal. By this day, not only will you have purchased your dream move, but you’ll also be busy packaging items to move in. Make sure the date is realistic and that you can work towards it every day.

          5. Research Home Loan Options

          Advertising

          loan-application-1240982

            Perhaps the most important step of all, this is where you figure out the finances. Spend time researching the home loan options available, and choose one that seems the most flexible, saves interest costs and offers a grace period or EMI repayments. Calculate the EMI you have to pay back each month and see if you need a pay rise in your salary or another job. Do not take a risk here.

            6. Work Out The Mortgage

              Remember that prices of houses rise and fall. Do you have plans of selling this place in the future and moving somewhere else? Do you want to rent a part of it and make passive income? Given that 42.9% of all families have a home-secured debt (2013), it is important to not fall into the trap.

              There are plenty of affordable mortgage rates available – choose whether you need one with a fixed interest, adjustable rates or an interest-only loan. Consult a professional in case you are unsure before getting a mortgage pre-approval.

              Advertising

              7. Get A Home Warranty

              home-warranty

                Nothing in this world is permanent. Earthquakes and natural disasters can happen anytime. All houses require regular repairing. Think about the future white-washing costs, plumbing leaks, rust and sediment deposition and get a home warranty that will ensure that even if something goes wrong, you don’t have to burn a hole in your pocket to replace it.

                To recap, before embarking on the purchase of a new home, list your requirements for your new house, make a plan, decide a budget and fix a deadline. Then research on your home loan, mortgage and warranty options and choose the one that is the best match. Go for a prior inspection and if it’s your first time, don’t hesitate to ask for professional advice and soon enough your dream home will be all yours!

                Featured photo credit: http://www.stockvault.net/photo/132348/beautiful-house via stockvault.net

                More by this author

                Vikas Agrawal

                Designing & Marketing

                How to Create an Infographic Resume That Will Impress Your Future Employer This Skill Is Not Taught in School, But It Hugely Affects Our Success in Life How I Get Things Done with Only Half of the Time Others Need Writing a Great Value Statement Can Bring In Tons of Money for Your Business All-Natural Tips for Fighting Insomnia and Sleeping Better

                Trending in Lifestyle

                1 How to Stay Calm and Cool When You Are Extremely Stressful 2 How To Be Successful In Life: 13 Tips From The Most Successful People 3 10 Reasons Why You Should Get Naked More Often 4 Why Do I Have Bad Luck? 2 Simple Things to Change Your Destiny 5 The 25 Best Self Improvement Books to Read No Matter How Old You Are

                Read Next

                Advertising
                Advertising

                Last Updated on September 20, 2018

                How to Stay Calm and Cool When You Are Extremely Stressful

                How to Stay Calm and Cool When You Are Extremely Stressful

                Being in a hurry all the time drains your energy. Your work and routine life make you feel overwhelmed. Getting caught up in things beyond your control stresses you out…

                If you’d like to stay calm and cool in stressful situations, put the following 8 steps into practice:

                1. Breathe

                The next time you’re faced with a stressful situation that makes you want to hurry, stop what you’re doing for one minute and perform the following steps:

                • Take five deep breaths in and out (your belly should come forward with each inhale).
                • Imagine all that stress leaving your body with each exhale.
                • Smile. Fake it if you have to. It’s pretty hard to stay grumpy with a goofy grin on your face.

                Feel free to repeat the above steps every few hours at work or home if you need to.

                2. Loosen up

                After your breathing session, perform a quick body scan to identify any areas that are tight or tense. Clenched jaw? Rounded shoulders? Anything else that isn’t at ease?

                Gently touch or massage any of your body parts that are under tension to encourage total relaxation. It might help to imagine you’re in a place that calms you: a beach, hot tub, or nature trail, for example.

                Advertising

                3. Chew slowly

                Slow down at the dinner table if you want to learn to be patient and lose weight. Shoveling your food down as fast as you can is a surefire way to eat more than you need to (and find yourself with a bellyache).

                Be a mindful eater who pays attention to the taste, texture, and aroma of every dish. Chew slowly while you try to guess all of the ingredients that were used to prepare your dish.

                Chewing slowly will also reduce those dreadful late-night cravings that sneak up on you after work.

                4. Let go

                Cliche as it sounds, it’s very effective.

                The thing that seems like the end of the world right now?

                It’s not. Promise.

                Advertising

                Stressing and worrying about the situation you’re in won’t do any good because you’re already in it, so just let it go.

                Letting go isn’t easy, so here’s a guide to help you:

                21 Things To Do When You Find It Hard To Let Go

                5. Enjoy the journey

                Focusing on the end result can quickly become exhausting. Chasing a bold, audacious goal that’s going to require a lot of time and patience? Split it into several mini-goals so you’ll have several causes for celebration.

                Stop focusing on the negative thoughts. Giving yourself consistent positive feedback will help you grow patience, stay encouraged, and find more joy in the process of achieving your goals.

                6. Look at the big picture

                The next time you find your stress level skyrocketing, take a deep breath, and ask yourself:

                Advertising

                Will this matter to me…

                • Next week?
                • Next month?
                • Next year?
                • In 10 years?

                Hint: No, it won’t.

                I bet most of the stuff that stresses you wouldn’t matter the next week, maybe not even the next day.

                Stop agonizing over things you can’t control because you’re only hurting yourself.

                7. Stop demanding perfection of yourself

                You’re not perfect and that’s okay. Show me a person who claims to be perfect and I’ll show you a dirty liar.

                Demanding perfection of yourself (or anybody else) will only stress you out because it just isn’t possible.

                Advertising

                8. Practice patience every day

                Below are a few easy ways you can practice patience every day, increasing your ability to remain calm and cool in times of stress:

                • The next time you go to the grocery store, get in the longest line.
                • Instead of going through the drive-thru at your bank, go inside.
                • Take a long walk through a secluded park or trail.

                Final thoughts

                Staying calm in stressful situations is possible, all you need is some daily practice.

                Taking deep breaths and eat mindfully are some simple ways to train your brain to be more patient. But changing the way you think of a situation and staying positive are most important in keeping cool whenever you feel overwhelmed and stressful.

                Featured photo credit: Brooke Cagle via unsplash.com

                Read Next