There is nothing more exciting than planning your dream home and watching it come to life before your eyes. However, it is important that you do not get too carried away with the project and that you keep your head on your shoulders rather than up in the clouds when it comes to your budget and what you can afford.
Self-Build or Renovate
When it comes to the important question of creating your dream home, you need to ask yourself whether you are ready to self-build and get a plot of land in the right area for you or whether you would do better to buy a wreck in the right location and renovate it into your desired home.
There are, of course, pros and cons to each option. By going the self-build route, you can make sure that you get exactly what you want from the ground up, including the correct position of your property on the plot of land. But you will have to remember that you will have to pay to get services connected to your property, any right of way issues with neighbors sorted out.
If you go the route of renovation, you are not just limited to the floor plan that you buy; you may be able to extend your property as well as move your internal walls to create the space that you desire. You may very well find that you can purchase the property in exactly the right are for you and your dependents, and all services will already be connected.
Draw Up a Budget Plan
Regardless of which route you choose to go; you will need to draw up a budget plan so that you know where your financial limits lie. This is another area that you will have to look at closely. If you choose to renovate, you can apply for loans for home improvement. You can use a loan for large-scale home improvement DIY projects like painting your entire home, or for hiring contractors and buying materials.
Knowing how much your project is going to cost you, from getting the work done right the way through the plumbing and electric fits to the end result of furnishing and making good, will make sure that you are not biting off more than you can chew and that you are not likely to run out of money halfway through and then be sat in a building site for months on end while you scrape together the funds to complete your dream home.
Create a Dream Book
When it comes to visualizing your dream, you would do well to create a dream book or vision board. In this book, you will have details and plans of the existing property as you brought it, whether it is just a plot of land or a home to renovate. Have plans drawn up of how you want to have the layout and even whereabouts you want the property situated on the land, or if you are renovating, plans of any extensions and changes to the current layout.
Be sure to have pages of each and every room, mood boards of color, texture, and furniture so that you can visualize as well as furniture layout in the rooms so that you know you will have enough room for everything that you want. You may want to add to this your budget and your estimated costs for each and every room so that you can keep an idea of how much you are looking to spend.