What factors should you consider when you determine whether you should upsize? Here are just a few:
While it used to be that a growing family meant a new baby on the way, these days, small children aren’t the only direction a family can grow. More and more, families are bringing members of an older generation into the home. Caring for aging parents or grandparents can mean an increased need for sleeping quarters, living area, storage, and even a second kitchen or in-law apartment. With multiple generations living together under one roof, it may make sense to move into a home with extra bedrooms and closets and more square footage. Even if extended family doesn’t actually live in your home, you may wish to consider increased guest room space for out-of-town children and grandchildren who visit frequently.
Changing Work Needs
With more and more companies electing to reduce employee commutes and take advantage of advancements in technology to allow their employees to telecommute, there is a growing sector of workers who work at home. This means a need for in-home office with the electrical capacity to accommodate laptops, printers, and other devices. For the work-from-home employee, dedicated home office space may necessitate a move to a larger home.
Perhaps you purchased your first starter home on a starter salary. Over the years, raises, promotions, and job changes may have meant more income and the ability to move on to bigger and better things. Perhaps this includes a house with more elbow room for the various members of your family. Homes have gotten larger throughout the years, and there are plenty of larger houses available for different budgets, from basic homes with increased square footage to high-end residences with all the bells and whistles.
Your space needs may have changed over the years as your lifestyle has evolved. When you were younger, perhaps you spent more time out on the town, but now that you’re settling in, you prefer to entertain at home. More families, too, are opting to invest in home theaters and media rooms as the quality and availability of online programming has improved. Bringing your leisure time back to your house could mean a need for more space.
Every family is unique and there is no “one-size-
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