We all want more space, either because we have growing families or because we begin to feel a little claustrophobic when working from home. Yeah, You know the feeling.
We move to nice neighbourhoods and make friends. And as AIM Real Estate says, it’s hard to move from a place that you have worked so hard to call home without thinking of another solution.
Why Buying a New Home may not be the Right Move
- Sneaky Expenses
Buying a larger home typically means the home will cost more. That’s not the only expense difference. When buying larger homes you can end up paying more for: closing costs, furnishing costs, property taxes, utility costs and more.
- Larger homes don’t always equal Better investments
Buying a home is a huge move to make so it’s important to do your research before finalising decisions. Everyone wants a home they can love and for good reason, We spend so much of our time there. It’s important to think with a business mind though and as much fun as buying a new larger home can be, It’s important to ask yourself; Will it actually provide solid returns?
- Keeping up with the Joneses
We’ve all heard the term and some of us have also fallen victim to this mindset. Guilty! Making life-changing decisions based on the opinions of others is a slippery slope that I recommend avoiding. It’s OK to enjoy the finer things in life but don’t forget who actually pays for them. Can you afford it? Do you even want it for yourself? These are great questions to ask yourself and key when considering the purchase of a large home.
The Good News? You Don’t actually Need to Buy a New Home to Increase your Space!
Extensions, Extensions, Extensions. You sneaky devil. Extensions are an excellent architectural solution for homeowners wanting to increase space within their home without the hassle of relocating, making new friends and changing their children’s schools. They have already settled in, Why bother them?
There are so many options when it comes to extending your home that it can become confusing, As it can be in many different areas of life when given a variety of options. Ever had to choose which colour you want the new iPhone in…Urgh!
That’s why it’s best to speak with an experienced Architect or Property Developer. They will be able to guide you through your home extensions and help you make the right choice for your home.
Choosing the right extension for your home will enable you to have the larger home you have always dreamed of!