Is a bigger home right for you?
Updated: Nov 26, 2021
If you’re in search of a new home, you may have been debating the thought of a bigger space. There are many advantages to moving into somewhere bigger, but there are also a few drawbacks. Moving to a bigger home will obviously come with a higher price tag and many more responsibilities. All in all, whether you should move into a bigger house all depends on your needs.
Pros of moving into a bigger home
As obvious as it may seem, a bigger home will undoubtedly give you more space. Before you start looking at larger properties, you should ask yourself ‘Why do I want to move?’. Maybe you’re expecting another child or looking to entertain more. Either way, once you’ve decided on why you want to move, you’ll be able to determine whether more space is the answer to this question.
2. Room to grow
Whether you’re planning on starting a family one day or not, a bigger home is always ideal for accommodating any future changes you may have in your life. Additionally, if you need room for your parents to stay or an adult child, you’ll want to look at floorplans with additional bathrooms, so keep this in mind when looking for a bigger home.
3. More space = flexibility
Ultimately, the more space you have, the more flexibility you have throughout your years in your home. You may want a larger space now because you need room for all your children, but as time passes you may find that the extra space can allow you to do much more. Once your children move out, you could easily convert one of their rooms into a guest room or a man cave. Thus, it’s useful to think long-term when deciding you want a bigger house.
Cons of moving into a larger house
You’ll no doubt need to spend more to buy a larger house. However, it’s not just the price tag that will be bigger. Not only will you need a bigger deposit, but you’ll probably have to pay a substantial amount more in stamp duty too. This is all without the extra costs of heating a larger space and other bills that will likely be higher too.
2. Maintenance fees.
As we briefly touched on in the previous point, bigger houses generally cost a lot more to maintain than others. Not only will you be paying more in council tax and home insurance but you’ll also be paying more for your utilities too. Furthermore, if your new larger home requires any home repairs, you’ll be paying more in these costs too. This is essential to keep in mind when house hunting as these costs are often forgotten about when people see the price of the actual house.
3. Location is key
Unfortunately, to afford a larger house, you’ll probably need to move to a less desirable area. This can then add time to your commute, affect your social arrangements and maybe even influence the resale value of your home too. You may even have to move your children to a different school, which can be a big change for the whole family. If relocating is a firm no for you and your family but you’re still looking to purchase a larger home, you can expect to pay quite a bit more than you may have first thought.
Whether you choose to move into a larger home or move into somewhere roughly the same size as your current home, hiring a professional company to help with your move can take away a lot of the stress of moving. Visit our website today to see how we can help assist your move.