Your dream home is one that you have thought of for a long time and will invest in, in terms of money and effort to make it the most beautiful, useful and satisfying thing in the world.
You can start a home from scratch by purchasing the land, getting plans and building it. Another way to get your dream home is to buy a fixer upper or a small building on a large property with potential to grow/add on remodel or change certain aspects to make it what you want it to be.
Either way there are many methods to achieving the objectives, and many factors to consider. Some of them are location, interest rates, rate of return, economic situation, and market situation in terms of growth and value. Another point to consider is the local and city ordinances, CC&R(covenants, conditions and regulations) of the subdivision or area. Bank charges, loan rates and appraisals are also serious considerations before one decides to buy and build or redo an existing dwelling or refinance to make minimal changes.
Some of the common rules, conditions, and points to take into account are listed in the headings below.
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