Buyers

Common Questions for Buyers

Best Home for You and Your Family

To Downsize?

To Upsize?

Buyer Agency Agreement

Tips for First-Time Home Buyers

Protect Your Biggest Purchase

Accredited Buyer Representatives

For Sale By Owner

What To Offer

Home Inspections

Title Insurance

Home Warranty

Homeowner's Insurance

Living Well and Stress-Free

Consumer Household Safety

Energy Saving Tips

Buying a Foreclosure

Buying a Short Sale


Sellers

Common Questions for Sellers

22 Questions Questions To Ask

Am I Priced To Sell

Determining Market Value

How Long To Sell My Home

Hiring a Real Estate Appraiser

Certified Residential Specialists

Facing a Short Sale

Facing Foreclosure


Finance

Mortgage Information

Getting That Perfect Mortgage

Get Pre Approved

How Much Do I Qualify For?

Avoiding Irresponsible Lending

Managing Home Equity Lines of Credit


Home Improvements

Value of Home Improvements

Painting

Staging Your Home for Sale

Staging Your Kitchen for Sale

Staging Your Living Room for Sale


Moving

Preparing to Move

Planning Your Move

Hiring a Moving Company

Moving with Children

Self-Moving Advice and Tips

To Upsize?

Life moves quickly, and before you know it, you have little children running around your feet and multiple mouths to feed. Children grow equally at the same rate and you’ll just begin to the notice a decline in the amount of space that you have. In result of your exponentially growing family, you may have to upsize and search for a new home.

But not all homeowners who want to upsize have children – some just want to experience a larger space or want to retire in a larger home. No matter what case you have, upsizing can be a viable method to achieve that space you wanted and to get out of the claustrophobic atmosphere of the home you’re currently living in.

UpsizingObviously if your budget can’t handle it, then waiting to save some money to upsize is a good decision. But if you have been saving up for this for awhile now or finally landed that promotion at work, then you may want to consider upsizing.

 

Consider the Reasons

The decision to buy a new home is difficult, time-consuming and requires a lot of attention and effort. You can’t just wake up one day and decide to buy a house – you need to be justified in your reasoning. If you’re thinking of upsizing, sit down with your partner and go through this carefully. Create a master list of the reasons why you feel you should move and the reasons of why you can move. For example, a reason of why you should move would be that you have four children living in a three bedroom home. A reason of why you can move is that you opened up a savings account ten years ago and have been saving money.

Be sure that you’re able to make the step to a larger home – it’s going to be expensive. There’s a difference between want and need and you’ll need to have both desires in order to justify your decision to upsize.

 

Why You Should Upsize

Some homeowners might just go through their home thinking that its fine, but you may be dealing unnecessary issues that you may not completely notice. Here are some commons things of why people decide upsize:

  • More space: This is the most obvious factor. If your lifestyle warrants more space then you may need to upsize.

  • Growing family or the potential of a growing family: If you’re family is just getting larger and larger, or if you plan on having a family, then upsizing to a larger home will make life more comfortable for you and your children.

  • Prefer an open-flow lifestyle: Even for retired couples or empty nesters, some people just prefer more space. More space is ideal for dinner parties and get-togethers.

  • Lots of family. And they live far away: In some cases, a family or a couple have lots of family but they live far away. In result – because you’re so nice and want to make their stay comfortable—they will have to stay at your house. Some people upsize so they have an extra room or two when their family visits, they have a place to stay.

  • Change in income: If you received a generous bonus, won the lottery or finally got that promotion you’ve always wanted, then you may have some extra cash to upsize.

So if you think you can do it and if you want to, upsizing can be a great way to change your lifestyle to be more open and less-claustrophobic. Discuss with a Legacy Realty agent to view your many options.