Upsizing or Downsizing Your Home

Dated: May 9 2019

Views: 223

Your Key to HomeUnfortunately, 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.

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 setting. While the walkability and short commutes of a dense neighborhood or condo are hard to leave beyond, your lifestyle—and preferences for hosting Thanksgiving, barbecues, and birthdays—might mean that a spacious home in the county area makes the most sense. It’s your best option for upsizing while avoiding a heftier price tag.

DOWNSIZING

Downsizing is the same thought process in reverse. Some things to consider when downsizing, how do you see your lifestyle changing? Do you want to be closer to the city center? Do you want to move further away from the city, and have less house but more land?

Whether you're upsizing or downsizing, a buyers consultation would help you prioritize your desires. Text, call or email me to set up your FREE consultation today!


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Chiara Petro

A real estate professional since 2011, Chiara is known for her integrity, strong advocacy, and sincerity in all her dealings. She has built lasting relationships by providing outstanding service. “I....

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Upsizing or Downsizing Your Home

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

Read More