Saving for a green home building plan may seem like a pipedream. It is no more a pipedream than saving for a first home, retirement or other long term savings plan would be. In fact, many people are now looking at the possibility of a green home as their dream retirement home and why not? It offers a debt free lifestyle with the ability to live an Eco-Friendly life. The best part is that with the right savings plan you can build a green home sooner than later. Here is a plan that will help you save for your green building plan earlier and get the green home you want.
Assess the Situation
The first step in any plan, especially one that has financial roots, is to assess the situation. Know what kind of green home you want and what type of lifestyle you want to have. Green homes are not created alike. Some are green in their building materials only while others may be completely off-grid. Decide if you want to have electricity or alternative energy source. Know if you want to live near the city or in the country. You will also need to know if you want to be technologically connected, such as Internet and Cable, and how to go about doing that in your dream home environment. You also need to have a plan in place that will conform to change. If your energy source needs change you need to be able to change with them. Likewise for any of your technological devices and changes.
Prices, Fees and Inflation
Start shopping around and find out how much your dream green home plan will cost you. Know the going rate and then add a percentage for possible inflation. Know if there is a way to save on the costs and if you can get parts for the home in free areas such as recycled areas.
Choose a Timeframe
After you view the situation it is time to create a timeframe to make your dream come true. Most plans are based on a five year plan, ten year plan, fifteen year plan or up to a thirty year plan depending on when you want to retire. Choose the timeframe that is good for you and works for your plan.
Work out the Finances
With the assessment in place, prices researched and timeframe set now all you have to do is work out the finances. Figure out how much you have in savings, how much you can place into savings and then start saving for your green home plan. Remember, you can reduce bills at home and use the savings towards your green home plan as well. Every little bit helps.