Our Quest for a Dream Home - 1
Part 1
It all started in early February 2013, about a year after our return from the US. We wanted to settle down after years of moving around from country to country and city to city. Like many in our age group, we wanted a place to call our home. As most do, we were also in a rush to get settled and looked for easier ways to get settled. So, we drove around the outskirts of Chennai searching for our dream home that would fit our budget. Truthfully, we weren't sure of what our budget was when we started. We thought we will cross the bridge when we get there. We wanted to have it all, we wanted luxury, we wanted comfort, we wanted a great locality for our children to grow in. My wife had always wanted to live in a community with similar while I have had dreams of building my own house just like my father did. But time and effort took priority and so we started venturing out.
We drove down the toll roads for several days at a stretch to places I used to be open stretches of land along the seashore with a few engineering colleges dotting the wide open landscape. The place has changed so much in the last dozen years. Now, all I could see were several sky scraper apartments dotted by a few stretches of open land. Every few 100 meters had big signages promising lavish and comfortable living at "affordable" costs. Each site we visited were at several different stages of construction and hardly any were completely occupied. It appears to be a booming housing market on the outside, but when the rubber meets the road, all we could see were several incomplete projects on hold for years together due to lack of funding and demand. Those that were sold were mostly empty, one could notice while driving at night, only a few apartments that had lights on. Several walk-throughs of model apartments beautifully and attractively furnished with the best possible materials used in construction lured the interested buyers in us. We set ourselves a budget and needs. We needed close proximity to a good school most of anything. We were ready to move farther out from the city but were not ready to compromise on the quality of education that our children would be getting.
Suddenly a property that fit our needs sprung out of nowhere, surprisingly closer to the city with a new reputed school coming up on campus. We were all excited and started liking almost everything about that project. We liked a floor plan and decided to stretch our budget a little to accommodate our most important need. We got our parents to walk through the model home and convinced ourselves that is what we were destined to lead the significant portion of the next few years of our lives there. My father was the only one that was not fully supportive as he insisted that I could spend much less and build a better home for ourselves with lots of outdoor and garden space. He was prepared to give us a property that he had invested in but I was reluctant. Although it briefly tickled my lifelong dreams of constructing our home, the thought of undergoing the task was daunting. We decided to invest in our dream home and gave in our 2% token advance to book the place. We had about three weeks to make a decision.
In exchange to our token advance, we were handed the legal documents, which unlike other documents, we decided to read through. To our amazement, there was 100% risk on buyers and none on the builders. We wanted some changes in the contract and approached the seller with the same but the seller was not ready to budge. We were so worried and had to make a decision in a couple of days. We discussed and decided that this is not for us and retracted the day before the end of three weeks and saved ourselves the deposit.
My dream of constructing our own home was rejuvenated. I tried convincing my wife that now that was our best way. Although I didn't succeed completely, I got her nod to start putting together a new plan. My father was happy that we made this decision and made arrangements to let us take over one of his possessions. Our quest for our dream home revived and I started putting together a plan for our new home on a home architect software I had bought several years back...
To be continued...
It all started in early February 2013, about a year after our return from the US. We wanted to settle down after years of moving around from country to country and city to city. Like many in our age group, we wanted a place to call our home. As most do, we were also in a rush to get settled and looked for easier ways to get settled. So, we drove around the outskirts of Chennai searching for our dream home that would fit our budget. Truthfully, we weren't sure of what our budget was when we started. We thought we will cross the bridge when we get there. We wanted to have it all, we wanted luxury, we wanted comfort, we wanted a great locality for our children to grow in. My wife had always wanted to live in a community with similar while I have had dreams of building my own house just like my father did. But time and effort took priority and so we started venturing out.
We drove down the toll roads for several days at a stretch to places I used to be open stretches of land along the seashore with a few engineering colleges dotting the wide open landscape. The place has changed so much in the last dozen years. Now, all I could see were several sky scraper apartments dotted by a few stretches of open land. Every few 100 meters had big signages promising lavish and comfortable living at "affordable" costs. Each site we visited were at several different stages of construction and hardly any were completely occupied. It appears to be a booming housing market on the outside, but when the rubber meets the road, all we could see were several incomplete projects on hold for years together due to lack of funding and demand. Those that were sold were mostly empty, one could notice while driving at night, only a few apartments that had lights on. Several walk-throughs of model apartments beautifully and attractively furnished with the best possible materials used in construction lured the interested buyers in us. We set ourselves a budget and needs. We needed close proximity to a good school most of anything. We were ready to move farther out from the city but were not ready to compromise on the quality of education that our children would be getting.
Suddenly a property that fit our needs sprung out of nowhere, surprisingly closer to the city with a new reputed school coming up on campus. We were all excited and started liking almost everything about that project. We liked a floor plan and decided to stretch our budget a little to accommodate our most important need. We got our parents to walk through the model home and convinced ourselves that is what we were destined to lead the significant portion of the next few years of our lives there. My father was the only one that was not fully supportive as he insisted that I could spend much less and build a better home for ourselves with lots of outdoor and garden space. He was prepared to give us a property that he had invested in but I was reluctant. Although it briefly tickled my lifelong dreams of constructing our home, the thought of undergoing the task was daunting. We decided to invest in our dream home and gave in our 2% token advance to book the place. We had about three weeks to make a decision.
In exchange to our token advance, we were handed the legal documents, which unlike other documents, we decided to read through. To our amazement, there was 100% risk on buyers and none on the builders. We wanted some changes in the contract and approached the seller with the same but the seller was not ready to budge. We were so worried and had to make a decision in a couple of days. We discussed and decided that this is not for us and retracted the day before the end of three weeks and saved ourselves the deposit.
My dream of constructing our own home was rejuvenated. I tried convincing my wife that now that was our best way. Although I didn't succeed completely, I got her nod to start putting together a new plan. My father was happy that we made this decision and made arrangements to let us take over one of his possessions. Our quest for our dream home revived and I started putting together a plan for our new home on a home architect software I had bought several years back...
To be continued...
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