Upsizing sounds like an enticing prospect. Of course, it does; we are hard-wired to believe that bigger is better. An opportunity for a bigger paycheck? It would pay to check that out. Longer working hours? Take an hour to think about how long you want to be spending at work. Yes, bigger can be better, but it depends on the situation and your goals. Buying a bigger home may sound like a no-brainer; it’s a sign that you are advancing. It sends out a clear message that you have this whole adulting thing figured out and are ready to move to the next level. The problem is, if you bite off more than you can chew, you’re left with one pain of a problem to resolve. There is a right time for everything in life. Today’s question states; is now the right time to upsize your home?
Bigger Homes, Bigger Loans
It’s unavoidable; the financial aspect will always be the first stop. Even though the reasons that are to come are equally, if not even more important, they can’t take precedence. This is the bite I was alluding to earlier. We all think we can win that hotdog competition, so we sign up. Halfway through the third one, our stomach sends us that all-important signal that this might not have been the most fabulous idea you two had concocted. If job security is questionable, credit scores are not as flashy as they could be, and your current debts are a bit on the hefty side, you heed these warning signs. Take care of this before thinking about a bigger home. Even if you are doing well in this department, be realistic about how much house you can afford; you don’t need a mansion, after all. Upsizing your home can be good. Upsizing stress levels over mortgage payments may not be the wisest choice.
Another point to consider is market trends. Every home you buy is a place to live, but an investment as well. Pick a home carefully, taking into consideration the neighborhood as well and what you expect the value of the said home to be in the future.
As you’d expect, the right time to upsize your home could be when you’re expecting. Starting a family requires more space, and there is only one way to obtain that. This goes for our furry members too, getting a pet or two can also be a good indicator that it’s time to change something. Every kid wants to be Harry Potter, waiting for that owl to deliver them the good news. What they don’t want are his living conditions! Kids need their own rooms to have their privacy and comfortable environment. Nobody wants to be jammed in a small space. If your family is expecting new members or your current ones are growing exponentially, as kids tend to do, if you are asking yourself whether now is the right time to upsize your home, the answer is probably yes!
The Old Place is Cramping Your Style
Have you ever been to a friend’s house and noticed that new TV they have, the one with a ridiculous number in front of the word ‘inches?’ You come back home, thinking that you are going get an even bigger one and then see your modest living room. It’s so tightly packed that you wonder how there is any air left for you to breathe. There’s no way you are fitting in anything in there any time soon. It’s completely normal to want newer furniture, and yes, this invariably means bigger furniture. If you are financially sound and think that a new place could offer you a quality of living your current situation cannot afford you, then go for it.
Clutter, Clutter…and Behind that Clutter? A Bit More of the Same!
Closely linked to the previous point but just as valid. Ever read an article about turning your garage into a dream home office but then looked at your garage and realized that would be impossible. Maybe you don’t want to replace your bed with one big enough for an NBA starter to be able to sleep in comfortably. Perhaps all you want is to have a little wiggle room in your own home. You know, space to move about freely. Clutter makes it sound like you have a bunch of things you don’t need, but that’s not what we are talking about. That grandfather clock is a treasured family heirloom. That couch that is a slightly different color from the rest of the interior is the first thing you ever bought and has more sentimental value than it has aesthetical repellence. The piano in the corner is a highly disguised little white lie that one day you will learn to play that instrument, a lie that has been upheld for some 11 odd years and counting. All of these are important, after all! Imagine if you could keep it all and have enough space to entertain guests?
We all need some privacy. A tiny island of space to call our own, where we can unwind. Hard to find this little isolated pocket of happiness when four members live in a two-bedroom house. If you feel like you are in dire need of some alone time but can never find it, it could be a good sign that it is, indeed, time to upsize.
Your bank account looks relatively healthy, and you check some or all of the above boxes. It’s time to upsize your home. That means two things, you’re making a substantial financial commitment, and you still have one more task to do; you need to pack and move. What’s the problem? Moving can be expensive too. It can be, but it doesn’t have to be. It doesn’t have to be an additional financial burden if you make the necessary preparations and hire the right movers. There are plenty of time and money-saving tips you can employ, and if you do, you will see that hiring help pays off in the end.
Had to try this upsizing thing, seems pretty good. Certainly makes the above heading pop out more. There is a time and place for it. If all of the headings were written in this manner, it would defeat the purpose. On a similar note, upsizing makes sense if it is done when it should be done. Not because you are trying to impress others or prove something to yourself, but when life tells you it’s time and your bank statements chirp in with their consent. Is now the right time to upsize your home? The only person who can answer that question is you. If you need any additional help, you can always ask the experts; they’ll have your back. So go out there and live large!
We all think about it from time to time. Extra space, a bigger home, sounds appealing. So, is now the right time to upsize your home?