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5 Tips for Millennials to Build Your Dream Home in 2023

The real estate market in India is estimated to grow to a whopping ₹65,000 crores by 2040, from ₹12,000 crores in 2019.  Building a dream home that will suit your lifestyle and meet your needs may seem overwhelming but knowing how to start can help you a lot. While building a home needs some preparation, the easy availability of home construction loan makes it possible to turn your dreams into reality. Here are the top 5 tips for you to make your dreams come true.

#1 – Select the Appropriate Architectural Design

You need to first select the most suitable architectural design for your dream home before you begin construction. It’s a good idea to consult an architect with experience and collaborate with your builder to create the best floor plans for you. You can choose from different styles, such as traditional, craftsman, farmhouse, minimalist, and modern. There are many sources of inspiration today, like social media, online searches, architectural magazines, or even a house you may have seen in the neighbourhood.

For many, building a dream home is a once-in-a-lifetime project. So, do think about your future, including how your family may grow and the kind of space you need, when preparing the design. You can incorporate all your designers with home construction loans.

#2 – Choose the Interiors According to Your Personality

To convert a house into your dream home, it’s a good idea to tell the interior designer about your inspirations and expectations. For instance, if you love things to be highly functional and organised, you can choose a modern and minimalistic style, using shades of cream, beige and browns.

If you believe in balance and have a calm personality, opt for bigger windows and large cabinets, and paint your walls with nature-inspired colours like yellows and greens. If you wish your home to give a happy and energetic vibe, choose cosy interiors in shades of pink, orange and lilac.

#3 – Don’t Forget the Office Space

With hybrid working styles becoming the norm, it’s a good idea to have a comfortable office space in your dream home. Choose a space that has natural lighting, as this helps you remain relaxed. Light and airy colours are great for a home office, and you can choose from blues, greens, off-whites and other earthy shades.

#4- Go Green

Green spaces offer amazing mental health benefits, like reduces stress, lowers anxiety, improves concentration, apart improving physical health.  You can create a green space outside your kitchen area or plan a balcony garden. If there is limited surface area, you can choose wall planters. Every investment to beautify your home will increase its resale value and help you easily apply for a loan against property for future financial needs.

#5 – Don’t Ignore Your Other Needs

You’re not just building a house. This is your dream home. So, think about all the things that you would like to have in your home and try to work them into the plan. This could be a basement bar for friends to chat, a recreation space with a large TV and lots of bookshelves, a small meditation area or a mini gym. This will also include the door designs, the type of closets you need, and the ventilation sources.

Constructing a home is something you do not do every other day. So, take your time to choose the most suitable options. Don’t stress too much about the budget, as home construction loans can help you convert your dream into reality. Once your home is ready, it’ll be your most valuable asset. It will always offer you financial security, helping you apply for loan against property for future needs like a child’s higher education or marriage, or to expand your business.

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