Should You Upsize Your Home?
Upsizing your house can be a fun and exciting decision to make. Homeowners often love the idea of moving into a home that has more space, but it isn’t always the best call. While some people benefit from more space, others find themselves wishing they had never decided to upsize in the first place. In this article, we are going to explore how you can upsize your home with absolutely zero regrets.
Bigger Isn’t Always Better: How a Big House Can Destroy Your Life
So many of us grow up marveling over big and beautiful houses. When we have the capacity to buy them, it can be really tempting. Realistically, big homes aren’t for everyone. In fact, there are so many ways that owning a big house can actively make your life worse.
The most obvious issue with buying a bigger house is the fact that you have more to take care of. If you are struggling to keep your current home clean, owning a big house can be downright overwhelming. Instead of assuming bigger is better, think about the maintenance. Cleaning your home, managing the lawn, and maintaining certain systems can be a lot of work!
Cleaning isn’t the only issue when it comes to buying a big house. Sometimes, big homes can break an entire family apart. Having all that space can be exciting at first, but it tends to encourage everyone to have their own space in a less healthy way. You might find that you don’t see your kids or spouse as much anymore, and this can lead to nervousness, a lack of closeness, and a lack of intimacy. Your family unit might be dependent upon the space that is keeping you together.
The location of a big home might be an even bigger problem. While you might be the kind of person who works from home, not everyone is. If you don’t work from home, there is a good chance that your work isn’t anywhere nearby. Larger homes tend to be out farther away because they require more space. More space might not be worth it if you spend an extra two hours sitting in traffic during your commute every day.
Financial tension is one of the biggest concerns with a big house. Even if you can afford it now, will you always be able to? More importantly, is your ability to afford the home directly linked to the employment status of only one individual in the house? Buying a bigger home means paying a lot more a month, which can add up very quickly, particularly during times of financial hardship.
Rushing to Buy a Bigger House
Deciding to upsize your home is not a decision that should be made lightly. Doing so can actually cause you quite a bit of trouble down the line. Even if a bigger home is your goal, try to take your time as you approach it. If you wait until you are completely prepared, you run a much bigger chance of coming out successful in the end.
Rushing is one of the biggest mistakes that you can make when upsizing your house. It can lead you to make a decision that you did not think through at a very high price point. Before you rush in, ask yourself if you have really done enough research and given enough consideration to your needs. What is driving you to buy this home and why is it worth the risk?
Anticipating Space Needs
Before you commit to upsizing, you will need a good understanding of your needs. There are plenty of reasons to upsize your home, but they can all require different amounts of space. Focus on choosing a size that meets your needs and does not offer any unnecessary space. Ultimately, a room that you don’t use won’t provide value and will just require more cleaning effort.
The most common reason to upsize a home is that your family is growing. Whether you are planning to start a family or have more children on the way, this is a good reason to upsize. Before you make your decision, it is always a good idea to focus on how many kids you want to have to ensure that there is enough room.
More and more homeowners are choosing to work from home. Upsizing for a home office is another great reason to do so. Still, before you make this decision, consider how much space you will need for your business, particularly if it continues to grow. Sometimes renting an office works better.
Consider How Your Life Might Change in The Years Ahead
Your life has plenty of changes up ahead, both seen and unseen. Before you sign on a bigger home, make sure that you are looking to the future. Is the area where you want to live for a long time? Will the home grow in value? How likely is it that your job or financial status will change? Answering these questions is a great way to make positive decisions.
Alternative Solutions to Upsizing Your Home
While getting a new home is always an appealing option, choosing to renovate can offer similar benefits and more. Renovating your home instead of upsizing your house can help you to enjoy more space and fall back in love with your home. More importantly, it can increase the value, which might empower you to sell it for more down the line so a bigger house is easier to afford.
Knowing how to upsize your home just requires you to be realistic. Before you rush into a house that might put you under unnecessary pressure, really sit down and ask yourself if you are ready. When you focus on why you want a bigger home and take the time to think through the future, you might realize that you aren’t ready to make the leap just yet. If you do upsize, make sure you don’t fill the house with a bunch of items that you don’t need. It will just be more to clean!