Buying your first home is an exciting time, but you may not realize this will most likely not be your last real estate investment. Although starter homes are great for the early stages of your life, you may create a family that will continue to grow through the years. Due to this potential growth, buying a larger home may be necessary in the future. If you are a current homeowner experiencing the following signs, you are ready to upgrade to a larger home.
Your Family Grew
One of the most obvious signs that you need a bigger home is if your family has grown. When you first bought your home, it may have been you, your spouse, and a child. However, having one or more additional children will cause your existing home to feel cramped. In addition, you will need extra rooms to accommodate your larger family.
In the past, it was common for siblings to share a bedroom, but a quarter million of today's homes have 4 or more bedrooms. Also, a growing family can benefit from a larger kitchen and dining area, playrooms, and even bigger closets to store the additional clothing and toys.
You Have Guests
If you have family or close friends that live in a different town, state, or country, they may come to visit frequently. Booking hotel rooms for these guests may be the right thing to do if your home lacks space, but this can become very expensive. You may consider investing in a sofa bed or inflatable mattress, as well. Unfortunately, these sleeping arrangements are not usually suitable for elderly guests.
Buying a larger home that offers a spare bedroom or even a den is a worthwhile investment. Not only will the added square footage help with your home value, but the extra room will allow you to accommodate your special guests.
You Work From Home
Whether you run your own business, freelance on the side, or telecommute for a larger corporation, working from home offers numerous benefits. Unfortunately, trying to focus and disciplined in the corner of your family room is virtually impossible, so having a home office is essential.
If you currently work from home or plan to do so in the future, you may want to invest in a larger home that offers a separate room you can turn into a home office.
Buying a larger home may be the right decision for your family and your financial future. Talk to a realtor in your area for more advice.
Share11 May 2017
I have never been one of those people who loves to shop, which is probably one of the reasons I had such a difficult time choosing a house. I wanted to find the perfect little place for my family to grow up, but that was easier said than done. I knew that I wanted to work with a professional who could really grasp my vision and put me in a place that I would love, so I started focusing on finding the right professional. After a brief search, I was able to find a team of real estate brokers that I knew would do a great job. This blog is all about choosing the best real estate agent for your personality.
