You’ve probably been told that the longer you stay in a home, the more financially beneficial homeownership is. But when you’ve been living in your 2-bedroom, 1.5-bathroom home for six years and added two kids and a dog into your household, how long is too long. After all, starter homes are called starter homes for a reason. Here are a few ways to tell it’s time to upsize your home.
You Have to Outsource
From your children’s birthday parties to hosting houseguests, you simply don’t have the space anymore. Instead of enjoying the amenities of your home, you often have to schedule most of your entertaining off-site.
You’re Using Rooms in Shifts
While your 1.5-bathroom home was never an issue before, your family has grown and so has your need to schedule out your morning bathroom timeslots.
Your Home Needs Have Changed
Your home fit you to a “T” five years ago, but homeowners’ needs change. Whether you’re now telecommuting for work and needing the space for a home office or you’re a newfound fitness enthusiast who would love a home gym, carving out a spot for yourself can be a challenge in a home that’s already feeling cramped.
You Don’t Have a Spot to “Retreat”
Even the biggest extrovert needs some space for quiet time, which may prove nearly impossible when there’s only one living area in a home.
Your Rooms & Spaces Have Lost Their Definition
Your dining room has turned into a place to eat, fold laundry and do homework. Your garage has evolved from a place to store your car and lawn care necessities into a makeshift storage space and your living room has become an office space.
Home functionality is what keeps every homeowner sane, but when each part of your home starts taking on additional purposes, it might be time to upsize.
Storage is Minimal
When you moved in to your home, the amount of square footage seemed colossal compared to your old apartment. A few years later, especially if you’ve added kids into the mix, your home is bursting at the seams even with just the necessities. While there are ways to add more storage to your home, you may find that a bigger house with more ample storage areas is your solution.
The Cost of Renovating is Higher Than a New Home
The decision to renovate or relocate is a common one, but if the cost of a home addition is going to dig deeper into your pocketbook than a new home with the same square footage, bedrooms, bathrooms, etc., a move might be the better choice.
If you’re thinking about making the move to bigger digs, download our free Upsizing & Downsizing Guide for everything you need to consider on a repeat home purchase.