5 Tips for Creating the Home You’ve Always Dreamed Of

 

Whatever the reason, people everywhere are moving into their dream homes on a daily basis. In 2020 alone homeownership is expected to reach 64 percent for residents in Australia. In longer term estimates, the percentage is projected to stay the same in 2021. The average cost for building such homes (at the average dwelling size of 229.8 sqm) is $320,238. When you’ve decided to make the jump to creating a new home, here a few tips for creating your new dream domicile.

1. Look into home loans.

First and foremost you’re going to have to find a way to pay for your dream home. Most homeowners will need to look into receiving a home loan for buying a new home, and there are a number of areas where you can do this. After first doing a home loan rate comparison between different lenders, you’ll also see that there are a number of loan types to choose from. These include a bridging loan, a construction loan, a fixed vs variable home loan, a jumbo loan, an interest-only home loan, a conventional loan, an introductory loan, a mortgage loan, a line of credit loan, a low doc loan, and a non-conforming loan.

 

 

When looking into what type of loan works best for you through a mortgage lender, you’ll want to consider that first the principal and interest will pay off a loan. Secondly, try and get the shortest loan which is affordable through a mortgage lender. It’s a good idea to find out what the shortest loan will be through a reputable lender. After all, you will be dealing with this lender for a long time, so find someone who will provide a mortgage that works for you but is also a lender who you, the borrower, won’t mind working with for years to come.

 

The life of the loan will be how long you have to pay off the loan, which has an impact on your mortgage repayments size, and the amount of interest that you’ll have to pay back. You don’t want to have to pay back a higher interest rate. Do your best also to shoot for paying a lower interest rate. All these details of your mortgage will depend on your credit score or credit history and the amount o a down payment you can put down when you initially take out the mortgage form the lender.

 

Also, work out what the best amount will be for you to borrow. You don’t want to borrow beyond your means. Factor how much money you’ll be able to pay back in the hopes of being able to make your payments on time, and with no hassle. As mentioned before, there’s a chance that you will have a higher interest rate, so it’s best to plan realistically about what you can and can’t afford. In the long run, you want to be able to create your dream home in as economically feasible a fashion as possible.

2. Balance your interior design goals with your current and future budget.

Piggybacking on the last section, you’ll have to keep your budget in mind when trying to figure out ways to decorate or stylize your home. When you take on the task of interior decorating, things can get a bit involved, as you seek to give the house a life of its own. Personalizing your house gives you a place that you love coming home to each day, but also acts as a place that you can show off to your friends and family.

 

 

When you are dealing with interior design for a home, your focus is going to be on enhancing, modifying, or bringing to life space, line, forms, light, color, texture, and pattern of your home’s look. The goal is to keep them balanced so that you can create a visually pleasing interior. All of this costs money though.

 

When you are designing your home, don’t lose sight of what your budget is. You don’t want to overspend. When you overspend, you lose money that can be used for other parts of building your dream home. On the other hand, money is not finite. You need the money not just for your home, but for other household needs, like maybe buying a new car to replace the old ride for the family. If you spend too much money on interior design goals, there’s a chance you won’t be able to choose from many cheap cars for sale when you go through your home’s budget. When you are considering a new car for the family, don’t forget to check out the best rate on a car loan, as well as how much mileage you’ll be getting on the various cars you’re considering.

 

Start as simple as you can when it comes to interior decorating and ask yourself a few questions before going a bit crazy with designing the home. Will you be in the house long enough to consider it a retirement investment? What will your monthly costs be with your monthly mortgage payments, property taxes, and insurance combined be? What will your utilities on a monthly basis be? So before splurging on interior decorating needs, figure out what your other home costs and car loan costs will be.

3. Decorate and accessorize for less.

 

There’s nothing wrong with saving money, especially when you are creating your dream home. You want to fill your home with furniture and accessories which make your home pop, but you don’t want to break the bank doing this. There are a number of things you can do to make sure that this happens. First look for buying discounted furniture or accessories.

 

Check out faux fur rugs which might be for sale or even a discounted living room couch and loveseat set that can help save you money. Faux fur rugs look luxurious but don’t cost as much. Plus, a rug made of faux fur is better for the environment as well! Painting your kitchen cabinets, refreshing your throw pillows, and even updating discounted kitchen appliances can go a long way to helping you decorate for not much money.

4. Let there be light.

When designing your dream home also consider how much light you’ll want to add to your house. Some people aren’t big fans of having a well-lit home, while others love to bask in the sun rays which hit their house. In some cases, light can have a strong effect on people. For example, when you have a home that doesn’t have a lot of natural light coming into the house during the winter months, some people have been known to suffer from Seasonal Affective Disorder (SAD). This type of disorder occurs in climate locales where there is less sunlight at certain times of the year.

 

 

If you’re building a home in an area where there is less sunlight during certain points of the year, it’s best to design your home to try and bring in as much light as possible. You’ll want to add skylights to your home design plan, to offset possibly suffering from SAD.

 

Light also plays a part in the placement of certain rooms of the house. Let’s say you have a desire to wake up to the great experience of sunlight hitting your dining room. When designing your dream home it would be good then to design your house to face the east, so you can catch the rays of the morning sun. Let’s say that you aren’t a big fan of the sun blasting your face when you wake up in the morning. In this case, you’d request at the planning stages that the main bedroom not be built in an area where this would happen.

 

Also, consider how electrical lighting will play a part in the home, and what will be the best way to have such electrical systems installed. Do you ask your electrician to install a lighting system which allows you to adjust the lighting in various rooms, or do you have the “one light switch, one light bulb” option throughout your dream home? Indoor lighting can facilitate comfort just as much as natural lighting, so consider your options carefully when trying to find ways to finance such additions to your dream home.

5. Figure out the function and flow of your new home.

 

Before building your dream home, you’ll want to determine how well things will flow and function in the home. For example, you want to consider noise reduction when it comes to building certain areas of the house. In this case, you’ll have your sleeping areas a bit further away from the more communal areas of the house.

 

If you’re a person who doesn’t like food smells wafting into their bedrooms, place the kitchen as far as possible from the bedrooms of the home when designing your dream house. Also maintaining an open floor plan for areas where your family likes to hang out, can also help to keep the flow and function intact. You want the time spent living in your home to be a great experience so make sure the flow and function of your home can create such an experience.