Your decision to upsize to a larger home will be one of the most significant commitments of your life – and it’s essential to be clear on what you want and need. It can be a mistake to assume that owning a larger home will automatically solve issues such as feeling cramped, dealing with clutter or achieving greater privacy.
As an experienced Northern Colorado Realtor®, I’ve discovered time and again the importance of prioritizing the issues that are driving your desire for a larger home. The clearer you are on why you want to upsize and the features that you’re looking for, the easier your new home search will be.
Below is a list of the most common reasons people decide that it’s time to upsize to help focus your thinking.
Family is growing – This is the most common motivation to upsize. You can get away with a smaller home with young children, but teenagers need their own space for everyone’s sake. When searching for a larger home, focus on what will work with teenagers and young adults in the house. Just because it’s bigger does not mean it will meet your needs.
The market is a good investment – With the market powering ahead right now, it’s a great idea to think about a larger home as a long-term, stable investment. Of course, property values fluctuate with economic cycles, but their volatility does not compare with the helter-skelter stock market. By owning a property, you can go on to explore other financial opportunities with greater confidence.
Need to stretch out – If you’ve got toys under your feet, a Lego brick in your in-step, a sofa that’s too small and the TV that’s too big, then you’re probably feeling cramped. Being able to walk through your home and enjoy a sense of space is a terrific feeling.
Privacy a priority – Many people will upsize to have some privacy in their lives. A room dedicated to a hobby, or a double garage where you can tinker with engines on the weekend, is many people’s idea of paradise. When a family lives on top of each other, you can find yourself in stressful situations that would never have occurred if you had a bigger home.
You’re an entertainer – A frustration of a smaller home can be the difficulty of entertaining friends and family. A larger home should offer a great kitchen and an outside entertaining area – both great reasons to upsize.