Go Big and Upsize Your Home: Tips and Suggestion for Upsizing Your Home
There are several reasons why someone might consider upsizing their home. Some common reasons include having a growing family, needing more space for a home office, or wanting more space for family and pets to run around and play. It’s important to think critically about your goals and determine your specific needs.
Unfortunately, our homes don’t always grow with us. What may have initially worked fine for a single person, a young couple’s starter home, or a family with a newborn, can quickly become too small as families expand and multiple generations live under one roof…
Remodeling and adding to your home is one option for creating more space, but it can be costly, and the size of your property may be prohibitive. That’s when moving to a bigger home becomes the best solution.
WHERE DO YOU NEED MORE SPACE?
The first thought when upsizing your home is to simply consider square footage, bedrooms, and bathrooms. But it’s important to take a more critical approach to how your space will actually be used. If you have younger children (or possibly more on the way), then focusing on bedrooms and bathrooms makes sense. But if your children are closer to heading off to college or starting their own families, it may be better to prioritize group spaces like the kitchen, dining room, living room, and outdoor space—it’ll pay off during the holidays or summer vacations, when everyone is coming to visit for big gatherings.
CONSIDER THE FUTURE RESALE VALUE
Upsizing now can mean a tidy profit later if you choose your home and location wisely. Sure, you might think that once you’ve found the right size home, you’ll stay forever. But you might find yourself downsizing a few years from now. As with any home purchase, look at your potential new place through the eyes of future buyers.
MOVING OUTWARD
If you need more space, but don’t necessarily want a more expensive home, you can probably get a lot more house for your money if you move a little further from a city center. While the walkability and short commutes of a dense neighborhood or condo are hard to leave behind, your lifestyle—and preferences for hosting Thanksgiving, Barbecues, and Birthdays—might mean that a spacious home in the suburbs makes the most sense. It’s your best option for upsizing while avoiding a heftier price tag.
Sometimes life is about trade-offs, right? But this trade-off is probably a smart one.
