Thinking About Upsizing Your Home? Here’s What to Consider
Upsizing can feel like a big leap, but with the right preparation, it’s also a fantastic opportunity to move into a home that truly fits your needs.
For many homeowners, there comes a time when their current space no longer fits their lifestyle. Whether it’s a growing family, a desire for more entertaining space, or simply wanting that dream kitchen, upsizing can be an exciting step. But before you start browsing larger homes, there are a few key considerations to keep in mind.
1. Have Your Finances in Place (mortgage buyers)
Upsizing usually means a bigger mortgage, so it’s important to review your budget early. Speak with a mortgage advisor, understand your borrowing power, and ensure you’re comfortable with the monthly costs that come with more space.
2. Know Your Style
Do you want a turnkey property that’s ready to move into, or are you open to a home that needs some TLC? Narrowing down your style and deciding how much work you’re willing to take on will save time and help you focus your search. We can help you find your next home too, let the team know what you're property aspirations are & we can match you to homes we have.
3. The Market Can Work in Your Favour
In certain markets, upsizing can actually be an advantage. If property prices are softer, you may accept a slightly lower offer on your current home BUT the percentage difference on the larger property could mean you’re gaining more value overall. In other words, the bigger jump up the ladder often benefits buyers when prices are negotiable.
4. Think Long-Term
A larger home is more than just extra bedrooms. Consider the running costs- utilities, council tax, and maintenance. Also think about future lifestyle changes: will this be your “forever home,” or another step along the way?
If you're thinking of moving home- get in touch with our sales team 01748 834373!
