If you've ever looked at home buying or building articles, books, or magazines you've probably noticed oodles of references to dream homes. The funny thing about these articles is that one person's dream home is by no means necessarily the same for someone else. For some home buyers or builders a dream home might be a huge multimillion dollar affair with marble tiled floors and white shag carpeting throughout; for others, a modest floor plan with a spa bathroom and a professional style kitchen would be far more desirable. Different people have different dreams, and so their dream homes will vary accordingly.
To determine what your dream home looks like, take a moment to think about your daily life. What activities do you enjoy the most in your home and which do you enjoy the least. If you love cooking, a larger kitchen with an eating area in it might be just what you need; people who love to cook sometimes get stuck in the kitchen by themselves while they're entertaining because of small kitchen spaces. If you hate cooking, then a more efficient kitchen might be what you need so that your time spent in that room is more enjoyable and less of a hassle. Many people dislike cooking because they try to cook in poorly designed kitchens.
If you love spending time relaxing in your bathtub, you might want to have a large spa-type bathroom in your dream home. Spa styled bathrooms might include a large soaking tub or jacuzzi tub, a bidet, adjustable ambient lighting, heated towel bars or floors, and a sky light. Those who are more utilitarian in their bathroom use might prefer a multi-jet shower, rain showerhead, or massaging shower. I know a few very tall people whose dream bathrooms would include ceiling mounted showerheads to increase the ease of their morning routine and cut down on bumped heads while washing hair.
The other rooms in your dream home will likely be a reflection of your family; anyone with children will need extra bedrooms and play spaces. Anyone with a home based business may want space set aside for a home office. Take into account the needs of all the members of your home when you prioritise the element of your family's dream home. Another consideration to make is that of eco-friendliness. Is it important for your dream home to have solar panels for electricity or water heating, do you need room in the yard for a garden, do you want grey water reclamation, or maybe it's important that you have a passive-cooling designed home to cut down on your electricity bills in the summer.
Whatever elements are important to you, make sure you add those to your list. If you are planning on building your dream home it is easier to add in these elements than if you buy a pre-built home; many pre-built home may be able to have upgrades added in later however. Starting out your search with an understanding of what it is that you really want will help you be happy with your dream home.
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LATEST:- Buying your Dream Home: How to Know What it Looks Like
LATEST:- 3 Bedroom Villa For Sale In Legacy Dubai
LATEST:- 1050 Cold Springs Rd Montecito, CA 93108
$29,000,000
7 Bed, 8 Bath | 13,000 Sq Ft on 6.2 Acres
'Ca' di Sopra' originally completed in 1918 by famed American architect Guy Lowell, this world class estate represents one of the finest examples of classic Italian architecture, & was considered one of the architects crowning achievements. Resting on ~ 6.2 glorious acres, this 13,000 sq. ft. residence has been extensively & authentically renovated to the highest level of perfection.
Added on Jun 12, 2009 (25 days ago)
LATEST:- 169 Leota Ave Sunnyvale, CA 94086
- $689,000
- Bed(s):
- 3
- Bath(s):
- 2
- Type:
- Single Family Home
- Sq/Ft:
- 1,509
- MLS Number:
- 80932157
- Age (years):
- 43
Description
LATEST:- Real Estate and Investment Advisor
| About Highway Estate: Real Estate and Investment Advisor |
Highway Estate does offer all types of Property Management Services, and we specialize in the Super Highway, Scheme 33, Gulistan-e-jauhar, Gulshan-e-Iqbal . Though there have been many opportunities to market & promote property outside these areas – we have always focused on these two localities because they offer our customer base the smartest & most logically consistent investment opportunities in the country. Our team of agents is young, well-trained, and well-equipped with knowledge to handle all your real estate needs. Our Management team consists of three brothers, two of them who have serviced other industries. This helps bring a fresh perspective to our business thought process & philosophy. So what can you expect from us? You can expect commitment, professionalism & customer care. We know what we’re good at, and we’ll give you solutions which make sense and are in your best interests. |
| Agency: | Highway Estate | |||
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| Established: | 2005 | |||
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| Service Areas: | Super Highway, Scheme 33, Gulistan-e-jauhar, Gulshan-e-Iqbal | |||
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| Serving: | Sale, Purchase & Rent of Residential Real Estate (Banglow, Flats, Open Plot), Commercial Real Estate (Office, Shops, Commercial Flat), Rentals, Overseas Investment | |||
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| E-mail: | highway@livenreal.com | |||
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| Website: | www.livenreal.com/highway | |||
LATEST:- The Purchase Offer - Three Important Clauses By Steve Gillman
Many home buyers, and even some investors, seem to approach a real estate purchase offer as just an opening of negotiations. It can be this, of course, but it is also a legally binding contract the moment the seller signs it. You don't get to change the terms after that, or back out of the deal. That is, unless you have the right language in the offer to begin with.
Purchase Offer Clauses To Protect You
1. Inspections
This is perhaps one of the more important clauses in a purchase offer, and is common. But make sure you get the wording right. Ask for help if necessary, but the point is to make it possible to cancel the offer if any inspections show problems you don't want to deal with. Such a clause might read something like this; "This offer is contingent on the buyer's approval of the results of a termite inspection and general home inspection; said inspections to be done at buyer's expense within one week."
A seller or agent may want to limit your option to back out of the deal to findings of "structural damage," or something similar, but stick to the more general "approval of the results" kind of language. You don't want to be bound by the contract if an inspector finds some non-structural problem, like electrical problems or drainage issues in the yard. This clause lets you have inspections done. If anything too negative is found, you can refuse to "approve" of the results. This means you can get your deposit back, or you can renegotiate a lower price based on what you find.
2. Assignment
This is a clause for real estate investors. You may need to bring in a partner, for example, even if you didn't initially plan on it. A partner may want to be part of the contract, of course, and he can be if you have the right to assign the contract as a clause in your purchase offer. This usually means putting "and/or assigns" after your name on the offer, but ask the real estate agent or a lawyer what language is used locally.
With such a clause in the offer you can sell your "position" to another investor as well. This means that if you have trouble with financing or otherwise can't close the deal yourself, you can assign the contract to some other investor, who will hopefully pay you a nice fee (if you bought a good deal). Sellers will often accept this clause if you explain that it means you can bring in a partner or otherwise be sure that the sale will go through. In other words, sell it as something that assures the seller this sale will close.
3. Financing
What's one of the most common reasons that a real estate purchase doesn't close? Trouble with financing. You may have been prequalified, or even preapproved for a mortgage loan, but this doesn't mean the bank has agreed to a particular loan. Since you spoke to a lender, interest rates may have gone up, rules may have changed, or something negative may have been found on your credit report.
What happens then? Well, if you can't close the deal, you lose the deposit you handed over with the purchase offer. That is, unless you made the offer contingent on getting a loan. The usual language is something like this; "This offer is contingent on the buyer obtaining a firm commitment for suitable financing within ten days." If such general language isn't acceptable to the seller, specify what "suitable" means in terms of interest rate and loan fees or points, but make it something you can live with.
There are many other routine clauses that need to be in your offer. They specify things like when the sale will close and who pays for what. Ask the real estate agent or an attorney about those. But don't forget to also include one or more of the above three clauses as necessary, whether the seller or agent like them or not. A seller has the right to say no to your offer in any case. But you have the right to put any protective clauses you want in a purchase offer.
