Three Signs That Show You Are Ready For A Home Upgrade by MyProperty

After living in your starter home for five years or so, you’ve probably thought of moving to a larger house you’ll consider as your “forever home.” Theoretically, five years is enough for living in the first home you bought. In those five years, you’ve most likely maximized your investment and experienced the perks of homeownership. However, timelines don’t ultimately measure when you should upgrade your home life. Your decision to upgrade to a bigger and better home boils down to your lifestyle. 

Let’s say you’re thinking about moving from your starter to your forever home, but you’re unsure if this is the best time to do it. And if you’re not just having a bad case of house envy from all the double-tap-worthy homes you see online, read on. These three tell-tale signs indicate that you are ready for a home upgrade:

Upgrading Won’t Break The Bank

Buying a house and lot is a hefty investment. Purchasing the best home in the market to be your forever home will indeed cost more. Let’s say your financial situation improved due to either a promotion, salary raise, or because you scored a high-paying job abroad. Consider that a go-signal for investing in your forever home. 

While searching for the right home, consider your future location and what kind of neighborhood you want to move into. Look into the most sought-after locations in the market today. Many areas outside metropolitan areas offer communities that provide safety, security, and convenience to their future residents. In these pandemic times, walkable urbanism is crucial in any neighborhood to maintain health and safety.

Decluttering and Renovations Aren’t Enough

Have you tried decluttering, reorganizing, and remodeling your home, yet space still isn’t enough for your growing family? Then, it is a tell-tale sign that you need to move into a larger and more spacious home. Maybe you bought a condo or a one-story house when you got married. But now that you have more than one kid, you want your forever home to have at least three bedrooms and more expansive floor and land areas. Townhouses and single-detached two-story homes are suitable home options.

You Envision What Your Life’s Like In The Next 10 Years

As mentioned, five years is the ideal timeframe to spend in your starter home. But in your forever home, you’re looking to spend at least 10 to 20 years or the rest of your life in that location. Before making that investment, ask yourself if you’re ready to settle in permanently. Suppose you already have a few candidates for your forever home; make sure that it caters to your future needs and wants. 

In terms of the location of your future neighborhood, assess if it can support your work responsibilities and leisure pursuits. For the size of the house, check if it can accommodate the number of kids you’ll be having years from now. The bottom line is you need to match your lifestyle with the forever home you are getting.

Upgrading to a new home might seem daunting, as you’ll need to be ready and prepared for the changes that entail it. Fortunately, these three signs point you to the right direction of moving into your forever home. Assess your financial situation, current family life, and wants and needs to see if you need to upgrade into a bigger and better house.

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