While more space may be the right answer for some, it’s not always the right answer for others. Before you decide to move to a bigger place, make sure you consider the pros and cons.
Although moving to a bigger space has obvious benefits, sometimes it can end up creating bigger problems than the ones you had when you decided to move. So, before you start packing up those boxes, make sure you carefully weigh the pros and cons of moving to a bigger place.
How To Know If You’re Ready To Move To A Bigger Place
Do you truly need more space? Unless you are growing your family, very often, people think they need to move when what they actually need is to upgrade or remodel their existing home. The square footage might be there, but not adequately used. Sometimes, the layout can be changed without breaking the bank, especially since all you need is a bigger kitchen. Renovations can take time and cost money, but they are often less inconvenient than moving altogether.
Once you determine your needs, decision making is far easier. But, budgetary limitations can often spoil the fun so you need to make sure that moving to a larger home makes financial sense. Then there’s the question of your lifestyle. For example, if you are moving to a new neighborhood, will your kids have to switch schools? How will your new home affect your daily commute?
There is also the matter of timing but the right realtor and an effective marketing strategy can help you a lot in getting your desired price. Once you’ve sorted out the above questions, if moving to a larger home seems worthwhile of the hassle and expenses that will incur, than you should go for it.
Pros and Cons of Moving To a Bigger Place
Upsizing isn’t as simple as it sounds and there are many factors to consider.
The undeniable benefits are multiple. More space allows you and your loved ones more room to grow socially and mentally by being able to have guests over and truly carve out your space. If things get rough, you can always rent an extra room through Airbnb or even use the space as your home office.
But more space also comes with a few downfalls. One of the cons of moving to a bigger place is higher energy usage and a higher Infinite Energy bill. Utility bills play a big role in our monthly expenses and they tend to get significantly bigger in larger spaces. You will also need to care for a greater area which not only implies more time for maintenance, but also a higher spend. New space also needs to be filled with furniture and devices, further increasing your investment. Last but not least, any kind of move involves moving costs and sometimes even bridging loans that can end up costing quite a bit.
Tips for Moving Into a Bigger Home
If you decided to move to a bigger place, below are a few tips to make the transition easier for you.
Don’t rush into anything
As tempting as it can be to daydream away and hit the stores as soon as you find your dream house, wait for the official close before taking action. A home sale can easily go south and you don’t want to end up with a ton of furniture on your hands that might not fit well in the house you eventually buy.
Concentrate on the rooms where you will spend most of your time
As exciting as it is to turn a basement into a playroom, make sure the bedroom and the living room are dreamy first.
Pinterest has raised the bar design-wise. Although we all want our homes to be perfect, ask yourself how much you really need every single item you want to buy and is it really worth it if it’s getting you deeper into debt. Second-hand items can also be picture perfect and they are far cheaper.
Moving into a bigger home can be an exciting transition. But, if you don’t carefully assess what you’re in for, it can also be very stressful and even end up being a bad decision. Take your time to truly find out what you want and whether moving to a bigger place solves your problem.