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May 26

Seven Expert Tips to Securing Your Dream Home on a Budget

Reading Time: 3 mins

Everyone has a rough idea of what their dream home looks like, however, few manage to re-create this. Both property and furniture can be extremely expensive, which means that, many times, these dreams get pushed to the side. Once you realize how easy it is to have a beautiful house on a budget, you will ask yourself why you didn’t get started sooner.

 

Set Your Budget

Before you can even start to think about creating your dream home, you must first set a budget. Once you know what figure you are working with, you can determine the areas in which you can save and the areas in which you should splurge.

If you don’t have a very large budget, you could try to completely renovate your home instead. If you are working with a tight budget, you always have the option to do the work yourself. This may take longer, and you may encounter some mistakes along the way, however, it is the cheaper option. Don’t forget to factor in the moving costs as well.

 

Find Your Inspiration

Inspiration can be found anywhere and everywhere; all you must do is look for it. You can choose to browse on Pinterest, cut out pictures from magazines, or even go for a stroll around a neighborhood you love.

Once you have your inspiration, you should focus on creating a mood board. Make sure to include plenty of pictures, colors, and textures. You could use this mood board to guide you when decorating and designing the different elements of your home.

 

Don’t Be Picky

Understandably, this is your dream home, but you can’t be picky with every single detail, especially if you are working with a tight budget. You can’t expect to have a five-bedroom house on the seafront with only $100,000 to put towards the property.

We must all make sacrifices; however, this isn’t to say that you can’t have your perfect home, you just need to diversify what you would consider being your dream home.

 

Build From Scratch, Renovate, or Snag a Deal

There are various ways that you can go about creating your ideal home. You can choose to build it up completely from scratch, which may save you time, but it will take longer to achieve. Adversely, you can choose to fully renovate your existing home or try to snag a deal on the property market.

Renovating your home can cause a lot of stress unless you organize this efficiently and find a great contractor to help you. If you take a look at some foreclosure sites, there are tons of cheap houses that are available to move into immediately. All they need is a few renovations, a fresh coat of paint, and some tender love and care.

 

Find a Trustworthy Contractor

A trustworthy contractor is the fastest way that you can get your dream home in motion. To find the best pair of hands, you should always ask for recommendations from friends or family. Look for a contractor with a quick turnaround, a positive reputation, the correct licenses, and great material suppliers.

If you have decided to build your home from scratch make sure that your architectural consultant and your contractor meet in person a few times to discuss the ins and outs of the construction process.

 

Don’t Be Afraid to Negotiate

When it comes to the property market, most things can be negotiated upon, so don’t be afraid to try your luck. If you are starting your home from scratch, try to negotiate deals on the plot of land, the materials, and even with subcontractors.

The most important thing when it comes to negotiating is confidence. However, if you aren’t naturally gifted with this skill, don’t worry, here are some great tips to get you started with the basics.

 

Get Involved with DIY

Finally, the best part of designing your own home is getting to make things yourself. Your ideal home may have a firepit in the garden or a beautiful mural in the bedroom. Don’t be afraid to try and do these projects by yourself. You will feel more rewarded after and you will have also saved some money.

 

You don’t have to win the lottery to recreate the house of your dream on a budget, but you will have to sacrifice some details and put in a lot of hard work to achieve it. Make sure to try new things and get creative with your design process.

 

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