You may have felt for a while that it’s time to sell or upgrade your family home. Maybe you’re unsure. There are signs you can look for that will give you a big clue as to whether this is the right thing to do. This post is going to help you. You simply cannot ignore these signs that it’s time to sell or upgrade your home:
You’ve Got A Full House (And You’re Considering Another)
If you’ve already got a full house and you’re considering having another child, then you’re probably going to want to upgrade your home one way or another. Doing this before you have another will make things seem more relaxed. You definitely don’t want to be in a mad rush when you should be enjoying your pregnancy!
Adding another bedroom to the home is expensive, so that may not be a good option for some. Unless the home is significant to you, like a family home that’s been there for generations, a renovation likely wouldn’t be worth it.
Your Kids Need Their Own Space
Kids can only share for so long before they really start to fall out. They might be the best of friends, but sharing a space for too long can take its toll on them. Even when one of them gets to a certain age, they’ll likely want their own independence and privacy. This is totally normal, and it’s important for you to create it for them in one way or another. If you can’t afford to move, you could potentially remodel another room, such as the basement, to create somewhere for them that’s more suitable. Everybody needs alone time sometimes, even kids!
It’s important to know the legal implications of siblings sharing too. It may depend on your country/state, but they may only be able to share a room up to a certain age regardless of what they want to do.
You’ve Updated…And You Still Don’t Like Your Home
Maybe you’ve made some renovations to your home already and you still don’t like it. This can be seriously tiring. A home can seem worn if you’ve been in it for a while. This may simply be a case of outdated furniture and accessories in other rooms. Sure, you’ve got a great new kitchen, but what about your hallway and living area? You may need to focus on refurbing the whole thing if you don’t want to move. It isn’t that difficult to make an old house feel fresh; new paint, taking out area rugs, and adding more modern hardware could help.
If you don’t want to spend lots of money on a total refurb, or you think it would be a waste of time, moving could be the answer. You may be able to afford a home that is fresh and modern without breaking the bank or having to disrupt your life for weeks/months with renovations.
Your Kids Have Moved Out
Your kids have moved out and left a big gaping hole in your home and your life. You may have a case of ‘empty nest syndrome’, a term used for parents who experience overwhelming sadness when their kids move out. You may want to keep their room ‘just in case’, however, if they’ve gone permanently and it would make more sense for you, moving is a good idea.
It doesn’t make sense to spend more money on bills and has rooms you no longer use. You’ll be paying more tax on a larger home even though you don’t need it. You should downsize to a property that suits your new lifestyle. Looking at a reputable property portal can help you to compare what’s out there and find somewhere suitable. If you’re worried that your kids won’t have anywhere to stay when they come home, make sure you have a spare bedroom. During the holidays, they may need to get a hotel room. It isn’t ideal, but it’s better for you in terms of finances in the long run. There are many different ways you can save by downsizing your home.
You Can Afford To Buy A Larger Home
If you can afford it, why not get a larger home? You don’t need a huge home to be happy, but it can be nice to have a home with spare bedrooms, multiple bathrooms, and rooms for entertainment. Your kids could have a playroom, your husband a games room, and you could have a walk in wardrobe. Multiple bathrooms mean never arguing over who has their shower first in the morning.
You definitely shouldn’t go into debt for a larger home. You absolutely must be able to afford it and have come up with every possible contingency for the future, just in case.
You Run A Home Business
If you run a home business, upgrading your home only makes sense. You want to be able to work somewhere inspiring, that motivates you, where you can really get things done. Working in your living room when your whole family is present is not ideal!
Having your own room for working is a great idea. If you can create this in your current home, great. Make sure you have plenty of natural light and that the decor compliments your work style. If you don’t have space right now, it could be worth thinking about selling. There are both pros and cons to working from home, but every home business needs a dedicated space.
You Want Your Own Amenities
Maybe you want your own amenities at home. Some people want their own gym, pool, and even their own cinema room. If you can afford it, then go for it. There are upgrades you can make to your home even if you’re on a budget. Maybe you could invest in a spa tub rather than a pool. Creating your own gym won’t be that difficult either, depending on how fancy you want it to be.
You Want A Bigger Garden For Your Kids Or Pets
Big gardens are perfect for young kids and pets. If you have young kids, grandkids, or pets, then upgrading to get a bigger garden is a great idea. Maybe you haven’t got a pet yet, but you want one. Most pets will need a garden to go and expend some energy in, so you need to make sure you have enough room. There are potential renovations that could help this, but they won’t always be enough.
You Have A Parent Who Is Dependent On You
This isn’t the nicest reason to have to upgrade your home, but it happens to a lot of people. Rather than putting your parent in the care of somebody they don’t know, you may want to care for them yourself. This may mean making the necessary changes to your home, including installing disabled features, emergency chords, hand rails, ramps, and more.
If you can afford to sell your home and upgrade, then, by all means, do it! If you can’t, then you’re going to need to think of smarter ways to upgrade your home and make it suitable for your needs. For example, you could potentially create another room for a child in your home by simply sectioning off the bedroom with a room divider. However, this may not be enough in the long run. Make sure you plan ahead, take a good look at your finances, and think about what is most viable both now and in the future. Good luck!