Everything You Need to Know About The Real Estate World in Melbourne (Part 2)

How do you imagine your dream house, and how long have you wanted to find it? When we were still a kid, most of us have always dreamed of living in a fairy tale house. And now that you have the opportunity of your life to buy it, how to proceed to achieve the best possible results? Check out the following tips and make this wish come true. And don’t forget to read the first part of this blog for more amazing tips!


Get Your Financing in Order

The government said, yes! Now what? “It’s all about the money, money, money!” – Budgeting is the second step to make your construction project a resounding success. Since you’ll ultimately wind up spending thousands or possibly millions of bucks constructing your dream house, it’s advisable to develop a budgeting strategy to eliminate headaches related to overpayment risks and other contingencies. A home construction loan can be handy to fund the process.

Cheaper is beautiful! Besides restrictions, budgeting can also have an impact on your house’s exterior. All of us dream of owning a magnificent, luxury mansion with a gorgeous garden and breathtaking swimming pool in the heart of an elite and serene estate (like the luxurious Point Piper). Unfortunately, even our dreams have a price (Sadly, we cannot forget about the price tag like Jessi J). But that doesn’t mean you should stop chasing down your dreams or stop dreaming! Try to choose clean, well-balanced textures that blend in with the same look but at a reasonable cost. For instance, accented terracotta-coloured bricks on porch pillars combined with a light-coloured wall can result in a peaceful and stylish allure. Most builders recommend using eaves to enhance the vivid appearance of brick walls.

Draw Up A Plan

It’s always wise to plan (it wasn’t raining when Noah built the ark). Be sure to have a comprehensive plan in place before seeking funding. If “Plan A” didn’t work, keep calm, the alphabet has 25 more letters! Once you’ve finalized your selection, compile a construction file containing a list of all your preferences, construction notes, and photos of the desired dwellings. Keep track of light fixtures, wall tiles, window types and other features you’d like to use.

Come Up with Something Smart & Easy-Going

As families change, their needs vary. And therefore, you can’t just design your home with a series of four-walled rooms fitted into a more massive four-walled structure. The design of a dwelling place should reflect simplicity and convenience, with the ability to evolve as your family’s needs change. Could this large room that your three kids will share as pre-schoolers be used for something else when they are older? Where will they sleep when they want their own room?

More than the looks, what sets your desired residence apart and make it a home are the memories you create with your loved ones. Open spaces on the alfresco or veranda make your home-sweet-home more welcoming to the surrounding nature. High windows can be a bit luxurious, but if placed correctly, they can create a warmer atmosphere throughout your domicile. It is a good idea to allow sunlight flow, particularly if you have a relatively small plot of land. Fortunately, regulations take this into account and ensure comfortable living spaces.

Understand Your Agreement

We all hate contractual disputes! That is why it is primordial to thoroughly read the contract with your builder to ensure that you’ve fully understood its contents. Nobody enjoys being taken by surprise! So, check carefully what the construction costs cover and what they don’t.

Pay close attention to the payment schedule and make sure the contract includes the following:

  • a cooling-off period
  • a construction timeframe tailored to your needs
  • detailed plans
  • warranty

Finally, it’s worthwhile having a lawyer review the contract before you sign it. Cross out all blanks and always remember to double-check that all amendments are well documented and mutually agreed upon.

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