When it comes to achieving your dream home, there are a few dos and don’ts that can help you stay on track.
According to LendingTree, 50% of Americans would rather live in their dream home than have all of their existing debt paid off. The thing is that building your dream home can break the bank, but it can be incredibly affordable if your approach is realistic.
The first step to setting up your dream home is deciding what exactly your dream home is. A dream home must of course come with several key details which fit with your idea of what a dream home should be. Instead of focusing on specific objects or buildings, it’s easier to start with broader concepts such as if your dream home is a great place for children to grow up, or perhaps just an amazing place to unwind from the stresses of work. There’s a big difference between a fantasy home and a dream home, and the main difference is that a dream home is one that serves a purpose instead of just looking impressive. Once you have a personal vision of your home, stay clear about it and work towards it one piece at a time.
Having a dream home drawn out is great, but turning it into a reality requires a stubborn insistence on the big picture, but some flexibility with what it takes to get there. As Jeff Bezos said, “be stubborn on the vision and flexible on the details.” The fact of the matter is that you’ll end up needing to be flexible on many specific parts of your dream home, for either budgetary or logistical reasons. While you may need to follow the same broader concepts, such as child-friendliness, to make your dream home, specific purchases can be highly adjustable, so long as they serve the final purpose. Seeing as nearly 20% of Generation Zers and 15% of millennials say their ideal home would cost at least $1 million according to LendingTree, it’s quite likely that a collection of changes will need to be made to make a dream home a reality.