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

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

                How to Create an Infographic Resume That Will Impress Your Future Employer 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 6 Signs that Your Family is Ready for a Pet

                Trending in Lifestyle

                1 15 Quick Tips for Maintaining a Healthy Lifestyle 2 Simple Hacks on How to Relieve Neck Pain Fast (and Naturally) 3 10 Easy At-Home Leg Toning Workouts for Women 4 The Ultimate Exercises to Improve Posture (Simple and Effective) 5 4 Simple Hacks to Lose Fat Fast (And Sustainably)

                Read Next

                Advertising
                Advertising
                Advertising

                Last Updated on November 18, 2020

                50 Habits of Highly Successful People You Should Learn

                50 Habits of Highly Successful People You Should Learn

                If you’re like me and really into self-development, you’ve probably read many of the thousands of self-help books out there on the market. But also like me, you probably find all the information a bit overwhelming.

                That’s why I wanted to do the self-less task of taking the most important, life-changing lessons I’ve drawn from these books and condensed them into 50 key points.

                Here’re 50 habits of successful people you should learn:

                1. Believe It to See It

                Our minds tend to focus on what’s happening around us and refuse to see what could happen. Only when you trust in what’s possible and dare to dream big, big things can happen for you.

                2. See Problems as a Wonderful Gift

                While others only see problems and give up, successful people use the problem as a lesson to find improvement in themselves or the task at hand.

                3. Keep Looking for Solutions

                Even if they’re knee-deep in problems, successful people will still put all of their focus on finding solutions.

                4. Remember It’s All About the Journey

                Successful people are conscious and methodical in creating their own success. They don’t sit around doing the bare minimum, hoping success finds them.

                5. Feel the Fear and Do It Anyway

                There’s so much fear on the road to success, but instead of letting that fear control and limit them, successful people do a good job of just forging ahead regardless.

                6. Always Ask Productive Questions

                It’s all about asking the right questions. Successful people make sure they are questions that will elicit information for a more productive, creative and positive mindset moving forward.

                7. Understand the Best Waste of Energy Is Complaining

                Successful people know that choosing to see the negative side of things will only create a useless and unproductive state.

                8. Don’t Play the Blame Game

                Taking responsibility for actions and outcomes is a form of empowerment that you can build your success upon. While the act of blaming others or outside circumstances takes this empowerment away from you.

                Advertising

                9. Maximize Your Strengths

                Not every successful person is simply more talented than the rest, but they do use what they know they’re good at to achieve more successful results.

                10. Be in It to Win It

                Successful people are busy, productive and proactive. Instead of sitting around over-thinking and over-planning a great idea, they just take a step towards it no matter how small.

                11. Know That Success Attracts Success

                People who are successful surround themselves and seek out like-minded people. They understand the importance of being part of a team and forge win-win relationships.

                12. Actually Choose to Be Successful

                Dreaming big is a massive part of being successful even if your dream seems impossible. Ambition is a mindset that needs to be a daily conscious choice.

                13. Visualize, Visualize, Visualize!

                You’ve got to see your success in your mind’s eye even before it comes. Successful people clarify and get that certainty about what they want their reality to look like rather than being mere spectators of life.

                14. Be a One-Off Original

                Successful people look for what’s working and then create a unique spin on it. Imitating only regurgitates other people’s ideas with no originality.

                15. The Perfect Time to Act Is Now

                Waiting for the right time to act is basically procrastination wrapped up in an excuse. Successful people know there’s never a perfect time so they may as well just do it now.

                16. Keep Learning, Keep Growing

                Continuous learning is the key to a successful life. Whether it’s academic, being a student of life or actionable learning, it’s all about expanding your knowledge and personal development.

                17. Always Look on the Bright Side of Life

                Successful people have the knack for finding positive aspects in all people and circumstances no matter what.

                18. Having a Bad Day? Do It Anyway!

                We all have bad moods but it shouldn’t be an excuse to stop everything. Giving into a bad mood just stop-starts your life, slowing success way down.

                19. Sometimes Risky Business Is Needed

                Calculated risks are a must for success. It’s about weighing the pros and cons while moving forward with that element of trust.

                Advertising

                20. Accept Challenge All the Time

                Dealing with problems head-on is a must to be successful. Successful people also face challenges in order to improve themselves.

                21. Make Your Own Luck

                In the mindset of a successful person, there’s no such thing as ‘luck’ or ‘fate’. They take control to actively and consciously create their own best life.

                22. Ignite Your Initiative

                While many people are reactive, successful people are proactive – taking action before they have to.

                23. Be the Master of Your Emotions

                Being effective at managing emotions is key on the road to success. That’s not to say successful people don’t feel like we all do, but they’re just not slaves to their emotions.

                24. Champion in Communication

                Consciously working on effective communication skills gets anyone closer to success.

                25. Plan Your Life Strategically

                Successful people’s lives aren’t a clumsy series of unplanned events and outcomes, they methodically work at turning their plans into a reality.

                26. Become Exceptional at What You Do

                To become exceptional, you typically have to do things that most won’t. To become successful, hard decisions need to be made and acting on them is crucial.

                27. Choose to Live Outside of Your Comfort Zone

                While many people are pleasure junkies and avoid pain and discomfort at all costs, successful people understand the value and benefits of working through the tough stuff that most would avoid.

                28. Live by Core Values

                Successful people firstly identify their core values and what’s important to them, then do their best to live a life that reflects these values.

                29. Realize Money Isn’t Everything

                Money and success are not interchangeable and the most successful people understand this. Putting money on a pedestal and equating it to success is a dangerous mindset to have. Success comes in many forms.

                30. Don’t Get Carried Away

                Successful people understand the importance of discipline and self-control and as a result they are happy to take the road less travelled.

                Advertising

                31. Self-Worth Is Not Tied to Success

                Successful people are secure. They do not derive their self-worth from what they own, who they know, where they live or what they look like.

                32. Kindness Breeds Kindness (And Success)

                Generosity and kindness is a common trait among long-term successful people. It’s important to take pleasure in helping others achieve.

                33. More Humility, Less Arrogance

                Successful people are humble and happy to admit and apologize for mistakes. This is because they’re confident in their ability. They are happy to learn from others and happy to make others look good rather than seek their own personal glory.

                34. Change Opens New Doors

                People who are successful are adaptable and embrace change, while the majority are creatures of comfort and habit. They are comfortable with, and embrace, the new and the unfamiliar.

                35. Success Requires a Healthy Body

                It’s not just how you think, it’s about how you show up for success. Successful people understand the importance of being physically well, not for vain reasons but because being in tiptop condition creates a better personal life for success.

                36. Laziness Just Doesn’t Exist

                Successful people are never considered lazy. Yes, they can relax when they need to, but working hard is their game.

                37. Resilience by the Bucket Load

                When difficulty strikes, most would throw in the towel, but successful people are just warming up.

                38. Feedback Is Just Another Chance to Improve

                How people react to feedback determines their potential for success. Being open to constructive criticism and acting on it to improve is most seen in those who are successful.

                39. Your Vibe Attracts Your Tribe

                If people are hanging out with toxic and negative people, then they need to take a look at themselves. Successful people hang out with others who are positive and supportive.

                40. Can’t Control It? Forget It

                Successful people don’t invest time or emotional energy into things which they have no control of.

                41. Swim Against the Tide

                Successful people are not people-pleasers and they don’t need constant approval from others in order to move ahead.

                Advertising

                42. Alone Time Is Valuable Time

                More self-worth means being more comfortable with your own company. Successful people are more happy and see the value in spending time alone.

                43. Self-Standard Is Higher Than Most

                Everyone has a choice to set high standards for themselves. Successful people do this, which in turn produces greater commitment, more momentum, a better work ethic and of course, better results.

                44. Failure Isn’t Rationalized

                While many use age, health, lack of time, ‘bad luck’, or lack of opportunity to explain away their failure, the key to success is finding a way to succeed despite facing these challenges.

                45. Down Time Is an Important Part of a Routine

                Having an off switch and taking time to do things that make them happy is a common trait of a successful person. Take a look at here The Importance of Scheduling Downtime.

                46. Career Isn’t Who You Are, It’s What You Do

                Successful people know their career isn’t their identity. They are multi-dimensional and don’t define themselves by their job.

                47. Be Interested in Only the Path of Resistance

                While most people look for the easiest way or the shortcut, successful people are more interested in the most effective way. They look for the course of action which will produce the best results over the long term.

                48. Follow Through

                Many spend their life starting things that they never finish, but successful people get the job done. Even when the excitement and the novelty has worn off they still follow through and finish.

                49. Invest in All Your Dimensions

                We’re not just physical and psychological beings, but emotional and spiritual creatures as well. Successful people consciously work at being healthy and productive on all levels.

                50. Put Your Money Where Your Mouth Is

                To obtain success, it’s important to practice what you preach. Successful people don’t talk about the theory, they live the reality.

                So there you have it, a summary of what I’ve learned from self-help books. But of course, you need to start taking actions so you will get closer to success too.

                Bonus: 5 Bad Habits To Quit

                More About Success

                Featured photo credit: Juan Jose via unsplash.com

                Read Next