One of the most exciting parts of one’s life is having to own the house of your dreams. Just the mere thought of actually having a personal place – where you can do whatever you want with it, when, and how you want to do it. However, this exciting journey comes with this daunting task of selecting which is the right one for you.
Choosing in terms of the size of your family, your lifestyle, and your budget are three of the most important things to consider if you are building a home. There are questions you will have to face along the way.
- Is hiring an architect a wise decision for you?
- Should you go for a custom home?
- Or is smarter to go for existing house designs?
- What about house and land packages?
These are just some examples of the questions you will need to find answers for. It sounds stressful, right? But you shouldn’t be too overwhelmed by the process especially if you were able to prepare for it well. Probably one of the best pieces of advice I’ve ever received is if a task seems too huge to deal with, break it down into small achievable parts. This way, you would be able to sort out your priorities.
Where do you want to live?
For someone who has been wanting to own a home for a while now, this should be an easy question to answer. Follow up questions related to this could be where do you see yourself settling down and starting a family? What kind of neighborhood do you think you’d be happy to be part of? The neighborhood factor is something that should be thought of carefully because it could potentially become a deal-breaker in the future.
What nearby amenities do you consider a priority?
Nearby amenities are usually what increases the value of a real estate property, thus, choosing where you want to live should also something to be considered. For instance, for starting families as well as those with elderly family members, hospitals and other medical facilities are necessary. Others find it a must to have cinemas or nearby parks and beaches. Students will definitely need to live somewhere with nearby libraries and café. Find out the kind of amenities that will best suit your family’s needs.
How much is your budget?
Of course, you will have to set a budget – but how realistic is it? Think carefully about how much you’re willing to spend and if it’s something that – let’s say, 3 to 5 years from now, you will have no problems paying. Consider your salary and the loans you will be repaying.
What is your timeframe?
To avoid the stress that comes with purchasing something huge, you will have to set a realistic timeframe. Consider other factors when setting one such as your intended time to make the big move and when it would be the best time for you to do it physically, emotionally, and financially of course.
Can you design it yourself or do you need a hand?
If you have always been someone who gets compliments whenever you make creative decisions, then you can design your home yourself. However, if you are not that person then maybe it’s a good decision to consider asking help from an expert. Unfortunately, you will have to spend some more on getting the help that you need – on top of all your other financial obligations.
Buying a house is not cheap. I for one, won’t sit here and say, everything is going to be easy”. No, it’s never going to be that way. This is why preparation is important; to prevent from doing wrong decisions especially if it costs this much.