How to Get Your Dream Home in 8 Simple Steps

There isn’t a more vivid image of the American dream than the American dream home. Unfortunately, a dream home often remains a dream for those who want it most. The best way to turn a dream into a reality is to get your head out of the clouds and take concrete steps toward a brighter reality. Here are 8 simple steps to making your dream home a real home:

Dream Home

1. Save for a Down Payment

Saving for a down payment can be fairly easy if you’re creative enough. Reducing your rent, creating a targeted savings account, or going in on the investment with friends or family are all ways you can save up for a down payment with greater speed than you thought possible.

2. Prioritize

No matter how close you come to making your dream home a reality, chances are you won’t be able to get everything you want. Even if you happen to be one of those lucky people with an unlimited budget, building complications may still force you to sacrifice one amenity for another. That’s why it’s important to prioritize what you want most right from the beginning. This will allow you to hone in on your most pressing wants and identify needs.

3. Set a Firm Budget

Budgetary concerns will vary greatly from person to person. What won’t vary is the fact that no dream home is completed without maintaining a budget. Going over your budget is a surefire way to collapse the whole project, while sticking to your budget will ensure that your dream home construction will be seen through to the end.

4. Keep an open mind

The word “compromise” may seem like an ugly word when talking about building your dream home, but it doesn’t have to be. As you make the first steps toward making your dream home a reality, keep an open mind. View your original vision as a negotiable blueprint rather than a contract that’s set in stone. Consider a condo or fixer-upper home if you find one that fulfills most of your requirements. If you can, be flexible about the location and you may find a brilliant price for something even closer to your dream than you thought possible. The more open you are to compromise, the sooner you’ll be in a home of your dreams.

5. Shrink your dream home where possible

Sacrificing square footage may be just the thing to make your dream home a reality. While you may have envisioned your home with large, spacious rooms, sacrificing size may cut down costs significantly. You may be surprised at how well everything turns out. In America, we tend to think of a home’s value in relation to it’s size. The fact of the matter is, most of us have far more space than we would ever need. Even if your dream home is smaller than you imagined, you won’t be lacking in quality.

6. Use affordable building materials

Selecting affordable building materials can be a crucial factor in bringing your dream home to life. Any materials that can be supplemented with less expensive but equally reliable ones should be identified and considered early in the building process.

7. …But don’t go too cheap

Affordable materials are one thing, but cheap ones are something you’ll want to avoid. Cheap materials are readily available on the market, and are designed to require frequent replacement. Though you may need to choose materials within your budget, the cost of frequently replacing cheap materials will end up being more than you can afford.

8. Keep your energy bills low

The green-friendly market is larger than ever, and as a result, it’s also easier than ever to build an energy efficient house. As you design and build your home, make sure it’s as energy efficient as possible. Not only will this relieve budget constraints, it will also save you a fortune in the long run. Even after your dream home is finished, high energy bills can turn your home into a nightmare. Build for energy efficiency and you’ll be living in the home of your dreams for years to come.

Click here for more tips on how to save smartly for a down payment.

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