Part of every homeowner’s ownership journey is having the need to upsize their homes. First-time buyers tend to buy starter homes, the cost being the main driver for all buying decisions, and would eventually need to upsize for a multitude of reasons. Most homeowners rarely stay in the first home they purchase.
Here are the top seven signs to look for to know when it’s time to move on to a bigger and better home:
As your family grows, so does the space they need, and relatively your housing needs. The 2 bedroom starter home that you bought will not be enough as you have more kids. Children, when still little, will happily share bedrooms, but this is not always the case. As they get older and bigger, they would want and need their own space and privacy. The children will also take up more space in your kitchen, dining room, storage, and garage.
Even if your family is not yet that big, you can already plan for a bigger home that would allow for these changes without you having to feel like you don’t have enough space in your home and need to move very often.
Being Able To Afford It
The odds are sooner or later you would want to upsize your home, and it’s great to be able to do this when you are in a better place financially. You might have gotten a big promotion or your business is going well and finally have enough money to be able to move into something bigger and better. Just make sure you consider the other costs and expenses of living in a bigger home. If can afford it, why not? After all, real estate has always been considered a great investment.
Needing More Space
Over the years you have accumulated more stuff and it is inevitable that you would need more space. Upsizing to a bigger and better home would be the perfect opportunity to get you the space you need.
More space in your home can also accommodate lifestyle changes, you can finally have the outdoor barbecue grill you’ve always wanted because you now have a patio to have it on, want to try gardening but don’t have a garden, or finally be able to pursue your love for painting with your very own studio.
Bigger and Better Furniture and Appliances
Similar to accommodating lifestyle changes, upsizing your home can also give way to finally being able to have bigger and better furniture and appliances. You can start investing in that flat screen tv with surround sound system and reclining leather chairs that you’ve always wanted.
Making Room For Pets
Studies show that approximately 70% of households have pets and not all houses are designed to have room for pets, no matter how small. Upsizing to a bigger home can finally give you the room to have pets and have adequate space to be able to properly take care of them.
There are certain people in all groups of friends and family who always hosts get-togethers and gatherings mainly because their house is bigger and can accommodate everyone. Sometimes it’s for specific reasons like having a pool, a huge patio, or even just being located in the center of things and is easily accessible.
Having a bigger house would finally allow you to accommodate guests into your home. Entertaining friends and family in your home can be fun and memorable, and finally being able to do so will add to the appeal of upsizing.
At one point or another, everyone has experienced having to relocate, the most common reason being relocating for work. Relocating also poses as the perfect opportunity to be able to upsize and move into a bigger home. You might have found the perfect home that suits your growing needs or just relocating to a more affordable neighborhood wherein your budget can get you a bigger home.
The Bottom Line
Some homeowners tend to hold off on having to upsize because of the memories and sentimental value their house has. However, if you see and notice any of these signs, then it is definitely time to upsize. Make a list of the things that you want in your home to ensure that you are getting your money’s worth and everything you need.