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The Ultimate Guide To Buying Your Dream Home

The Ultimate Guide To Buying Your Dream Home
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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.

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    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.

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        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

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          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.

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              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

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                Vikas Agrawal

                Vikas is the co-founder of Infobrandz, an Infographic design agency that offers creative visual content solutions to medium to large companies.

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                Last Updated on July 12, 2021

                100 Incredible Life Hacks That Make Life So Much Easier

                100 Incredible Life Hacks That Make Life So Much Easier
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                Want to learn some quick and easy life hacks that are easy to do, low cost and saves you time?

                By tweaking little things in your daily life, it can make your life much more convenient!

                Here’re 100 of the most practical life hacks so you can just pick up any of them right away!

                83 tie a small piece of bright colored fabric

                  84 write random letter

                    85 use a rubberband

                      86 dorm smell bad

                        87 lean your phone on your sunglassess

                          89 how to waterproof your shoes

                            90 take a picture of the name card

                              91 iron inside out

                                92 old newspaper

                                  93 tumble try shoes

                                    keep a card like this

                                      SONY DSC

                                        94 soap bar

                                          95 make a hole

                                            96 drop the battery

                                              97 use a coozie

                                                98 when taking a picture

                                                  use a clean dust pan

                                                    try a pants hanger

                                                      use your cellphone light

                                                        use a spring from an old pen

                                                          quick and easy iphone speaker

                                                            user binder clips

                                                              wrap a wet paper towel around your beverage

                                                                put pancake mix in a ketchup bottle

                                                                  clean out an old lotion bottle for your beach

                                                                    use a muffin tin to serve condiments at a bbq

                                                                      doritos are great for kindling

                                                                        use nail polish to identify different keys

                                                                          use a hanging shoe rack to store cleaning supplies

                                                                            freeze grapes to chill white wine without

                                                                              use paper clips to organize your cables

                                                                                almost finished your jar of nutella

                                                                                  sick of having a box full of tangled

                                                                                    unroll the rim to increase the capacity

                                                                                      cut open toilet paper rolls and use as a cuff

                                                                                        remove the stem from strawberries

                                                                                          turn an old bottle into a simple little cord holder

                                                                                            for iced coffee and iced cappuccino, use frozen coffee cubes

                                                                                              how to fold a fitted bed sheet

                                                                                                tired of snoozing past your alarm

                                                                                                  place a rubber band around an open paint can to wipe your brush on

                                                                                                    ut a wooden spoon across a boiling pot

                                                                                                      use bread clips to save flip-flops

                                                                                                        take pictures of friends holding items

                                                                                                          how i always know which headphone is the left one

                                                                                                            put a stocking over the end of a vacuum

                                                                                                              How to make sure you drink enough water

                                                                                                                user a can opener to open blister

                                                                                                                  good sandwich guide

                                                                                                                    turn your muffin pans upside down

                                                                                                                      50 pounds of groceries and living on the 5th floor

                                                                                                                        the right way to make a blt

                                                                                                                          add one teaspoon of baking soda

                                                                                                                            38

                                                                                                                              hair straighteners equals to collar irons

                                                                                                                                stack your clothes vertically to see them all

                                                                                                                                  the right way to make cookies in the summer

                                                                                                                                    how to clean a blender

                                                                                                                                      the right way to eat a popsicle

                                                                                                                                        use bread clips to label and organize power cords

                                                                                                                                          to get the built up residue off of your shower head

                                                                                                                                            user a hair clip to orgainize long wires

                                                                                                                                              a frozen saturated sponge in a bag

                                                                                                                                                rub stuck zipper teeth with a graphite pencil

                                                                                                                                                  use a soda pop tab

                                                                                                                                                    50

                                                                                                                                                      51 How to multiply large numbers in your head.

                                                                                                                                                        52 How to open a bottle if you dont have a corkscrew.

                                                                                                                                                          rub a walnut on damaged wooden furniture

                                                                                                                                                            kids fall out of bed

                                                                                                                                                              use toothpaste to clear up hazy car

                                                                                                                                                                58

                                                                                                                                                                  59 keep pizza out while driving home

                                                                                                                                                                    60 put your straw through the tab to keep it from rising

                                                                                                                                                                      hold oreos with a fork so your fingers

                                                                                                                                                                        Never lose your remotes again

                                                                                                                                                                          hiding your emergency money

                                                                                                                                                                            use a bread tab to hold your spot on a roll

                                                                                                                                                                              if you are at a hotel and run out of chargers

                                                                                                                                                                                keep a square of cardboard in a ziplock bag

                                                                                                                                                                                  If you need to pee or smoke at a bar

                                                                                                                                                                                    drill holes in the bottom of your garbage

                                                                                                                                                                                      use an accented letter as your passcode

                                                                                                                                                                                        use a squeeze ketchup bottle top with your shopvac

                                                                                                                                                                                          do something unusual when locking the door

                                                                                                                                                                                            when heating leftovers space out a circle in the middle

                                                                                                                                                                                              dont burn yourself in those hard to reach candles

                                                                                                                                                                                                put a small amount of water in a glass when you microwave your pizza

                                                                                                                                                                                                  75 use a piece of paper to organize

                                                                                                                                                                                                    use half a pool noodle

                                                                                                                                                                                                      pencil case to store cables

                                                                                                                                                                                                        78 clothespin to hold nail

                                                                                                                                                                                                          79 make blts

                                                                                                                                                                                                            80 take a picture of your fridge

                                                                                                                                                                                                              81 fill plastic water bottles

                                                                                                                                                                                                                82 right ways to eat chips

                                                                                                                                                                                                                  99 if your plug keeps failing

                                                                                                                                                                                                                    100 put the banana on the wire

                                                                                                                                                                                                                      88 before you throw away a post it

                                                                                                                                                                                                                        Source: Reddit LifeProTips

                                                                                                                                                                                                                        There you go, 100 awesome life hacks that you can try right now to make your life a lot easier!

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                                                                                                                                                                                                                        30 Brilliant Camping Hacks I Wish I Knew Earlier

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