What makes a dream home? Is it more space, a beautiful garden, a prime location in the quiet of the countryside? In the end, it all depends on your personal tastes. A dream home is a place that fits your lifestyle, your long-term goals and plans, and that you want to stay in for a long, long time.
A dream home is the kind of property you buy once you’ve already established yourself. There’s a big difference between buying your first home and buying what could be your “last” home. You’ve had more time to save, and if all things went well, the sales of previous properties let you upsize each time.
The financial leverage you get out of the real estate market allows you to become a more discerning buyer each time. You can start picking and choosing those essential features you’ve always dreamed about. So, what should you look for in your dream home?
#1 Space
Spaciousness is really where it all starts. While some homeowners decide that they want to downsize once the kids move out, it can be tough adjusting to the smaller footprint. For some, the urban condo just doesn’t fit their lifestyle at all.
If you prefer spaciousness both indoors and out, it can help to head outside of the city, where you can stretch your budget further and enjoy the peace and quiet of countryside living.
#2 Location
Many people wait until they’re approaching retirement to move into their dream home because they crave the freedom to move anywhere. Often people choose places that they’ve vacationed to in the past, while others find a balance between leisure and proximity to family.
A popular location for new home builders in Ontario is the Niagara Region. As the home of Ontario’s wine country, it’s close to some of the province’s biggest cities while feeling like a country getaway.
#3 Long-Term
When you’re buying a home later in life, it’s time to consider how long you plan on staying there. For many, the answer is forever. They’re looking for a place where they can settle in for good, and that means taking into consideration aging.
Bungalows are a popular option for dream homes because they minimize staircases and make it easy to stay in the home you love, whatever happens.
#4 New Construction
The age of a property is another big factor. While some buyers are looking for heritage charm, they have to be aware that there are certain expenses and limitations that come with it. The older the home, the more you should be prepared to pay for repairs, and don’t forget the headaches that come with hiring contractors and handymen.
For buyers looking for a stress-free dream home, a new home is exactly what they need. You’re buying yourself years of low-maintenance living, not to mention modern interiors, appliances, and design. It’s more likely to be a home that fits with contemporary living.
