Upsizing your house is a little more involved than opting for the large drink and fry. The appeal of more space can be quite alluring, especially when you are crammed into a tiny space that just no longer does the job. If you are thinking about upsizing your home, then you may want to consider a few items prior to the final decision. While more room often makes a lot of sense, it can come with a cost that may be immediate or gradually add up. At the same time, it may simply be time for something bigger, because no matter how many times you rearrange the furniture, it just never fits.
Do You Want the Space or NEED It?
As the old saying goes, the grass is greener on the other side. The corollary to that axiom is that the water bill is also higher. Someone has to water all of that green grass. At the end of the day, many people want extra space, but may not need it. So it’s a good idea to think about the issues you’re encountering, first.
Arranging furniture or appliances can fix some problems when it comes to space. Take an honest look at your environment to see if the layout is making it feel more cramped than you realize. With that said, a home’s layout may simply no longer be conducive to your changing lifestyle. This often comes into focus when bachelor pads become family homes or the addition of a few little ones overtake the at-home-gym in the third bedroom.
If you have done all that you can with your current home, make sure to consider the following three big mistakes when you begin your search to upsize your home.
- Don’t rush out and buy the first larger home that you see. It’s easy to want something larger. The current real estate market is set to make you move quickly, but this can be a bad thing when it comes to the home upsize equation. In theory, a larger home is always better at first glance. However, a home too large may cost you more than it helps you. A large home may also look good on the walkthrough, but all that space might hide some serious issues. Don’t just rush out and buy the first larger home you see on the market and not consider your other wants and needs. Take your time and devote some thought to what you need versus what you want.
- Don’t fall into the spending trap of a larger home. More space seems great, but that dining room table suddenly looks absolutely tiny or the bedroom suite gets lost in the new large master bedroom. These and other temptations to spend will follow shortly after the acquisition of a larger home. Don’t give in easily to the urge to splurge, because it can empty your wallet before you even know what happened. Resist the hotel/resort experience and don’t immediately purchase all of the extras. Wait until the existing appliances or furniture break or simply require replacement.
- Formulate a clear plan for your space requirements. In theory it would seem the more, the merrier, right? It’s a bit more complicated than that. You are choosing to upsize because you need more space, but there can be too much of a good thing. When you’re shopping for a new home, consider any changes that might come in the future. Take a hard look at your existing home and see where you need more space. If you plan on growing your family or having an aging parent move in, then extra bedrooms make a lot of sense, for example. Also consider the spaces where you need more room. Open concept plans can feel roomier than smaller, closed-off rooms. However, an open concept will not help you find an extra bedroom or necessarily provide more counter space for preparing meals. You may need larger bedrooms or living areas, but adding additional bathrooms or a game room will not do anything for you. Each person’s list will be different, and you must figure out what matters to you.
Make An Upsize Wishlist and Find An Agent To Help
To help a real estate agent more accurately understand your upsize needs, making a list can be quite helpful. Upsizing your home is not as simple as purchasing a home, as you have probably already discovered. An upsize can also require coordination of selling your current home and purchasing a new home.
An experienced, professional real estate agent from a team like the one at REALTEAM can help you confidently sell your home and find a new, upsized home. They are experienced working through the highs and the lows of the real estate process. They can help you consider things that you may not have thought about in the process or answer any questions you may have about purchasing a larger home.
If you are ready to begin the process to upsize your home, then give REALTEAM a call or message today to get started!
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With the help of the RealTeam I recently purchased a home, though I worked directly with one of the team members the rest of back in the office were helping me behind the scene. They're very helpful during the entire process from the home search period, making appointments to get into homes, all way through to the day of closing. I was extremely impressed with the team and would highly recommend them.