The Real Estate Blog

Are you ready to upgrade to a bigger house? Feel like it’s time to trade up? There can be any number of reasons why you or your family wants to upgrade to a bigger home and I’d like to share some of the most popular ones along with some important things to keep in mind before actually making the move.

Current House is Too Small

Perhaps your family is growing and you need extra bedrooms for extra family members. Perhaps you initially bought a smaller home in order to be in a better saving position for your next home. Whatever the reason and you feel like your family has outgrown the space, it might be time to look for a bigger home.

Poor Location

If you’ve recently changed jobs and find yourself making an exhausting commute to and from work each day, it might be time to upgrade your home. Alternately, maybe you’ve recently had children and realized that the home you currently live in isn’t in the ideal school district that you think would be best for your kids’ education.

Market Conditions

Upgrading to a larger home is a feasible option whether it’s a buyers’ or sellers’ market. When house prices begin to fall, you will be able to buy more house for less money. And when prices go up, your current home will also increase in value allowing you to have a larger down payment.

Finances

The first step to finding out if you can upgrade is to make a budget. If you have any questions about what you can afford, it’s best to talk to a professional so that you can understand what your options are. The right team of advisers can make your dream a reality.

Wondering whether now’s the right time to upgrade your home? Contact me today for an expert opinion.