Financing Your Dream Home Doesn’t Have To Be Hard

It will have a garden filled with beautiful flowers and exciting smells.

It will be equipped with the best of smart technology and will be providing superb comfort at all times.

It will be just on the edge of the woods, away from the grey buildings of the city.

Whatever it looks like, everyone has a dream home. The only reason why your dream house remains a dream is the lack of strategic planning. Indeed, once you’ve visualized what your ideal home should look like, there’s no need to forget about it and convince yourself that it’d be nice if this or that. In reality, a smart plan is the only thing that can make your dream come true. You’ll be pleased to know that the perfect home is not as inaccessible as you thought.

What’s your dream home?

Sell your current property WITH A PROFIT

If you’re in the process of climbing up the property ladder to reach your dream home, it’s fair to say that the revenue you’ll get from the sale of your current property will go towards financing the next one. Consequently, you need to sell your existing property for the best possible price, and that includes planning strategic improvement works. Something as simple as boosting your curb appeal can go a long way in attracting generous offers. Similarly, if there is any emergency work that needs to be carried on in the house – such as a bathroom renovation –, you could see to it to encourage future buyers to pay the highest price.

Finding the financial support you need

Buying a new home is likely to come at a cost. You can expect your dream home to be more expensive than your current property – otherwise, you would have already bought it. If you’re looking for the best mortgage rate, you might find that mortgage brokers such as Altrua can offer a variety of interesting options, where your day-to-day bank might only have a handful of loans available. Additionally, for anything who’s struggling to land a successful application, a diverse mortgage choice can make the difference between being accepted and rejected.

Are you spending more than you need?

Your dream home will require more cash flow, at least until you’ve managed to buy off your mortgage. Consequently, you can’t afford to spend more than you need. Regular expenses, such as your grocery shopping, can go down significantly with a few strategic hacks. Something as simple as buying generic brand instead of premium can save you up to 25% on your grocery bills.

Home with repairs vs the finished product

Last, but not least, you’ll find that properties that need improvement works are advertised as cheaper on the market. While you may not be tempted by buying a house that isn’t ready to move in, you can save yourself a lot of money. Indeed you can negotiate your offer to be lower than the market price, as long as you justify the cost of the works. Most sellers are reasonable and, if the house has been on the market for a long time, they’ll be happy to sell at a lower than expected value.

Be ready to roll up your sleeves

In conclusion, it’s time to quit dreaming about the ideal home and make it happen. One word of warning, though: Your dream home is likely to need embellishing works to match your vision, so don’t turn away properties that may not look 100% right at first glance!

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