Are You Ready to Upgrade? How Do You Know?

You’ve lived in your home for perhaps five years, maybe even over 20 years. You love your home and the memories that you’ve made in it, but have you thought about if your home really meets your needs in terms of functionality? There comes times during your life that changing up your living situation could be in your best interest. This could mean a number of different things for different people, however, there are a few key times during your life that merit an upgrade and we have a few thoughts from the professionals at Berkshire Hathaway HomeServices about how you will know that you’re ready.

The Family Keeps Growing

The number one reason that many people opt to move into a larger home is that their family keeps growing. Often it isn’t until kids are doubling up in rooms or parents find themselves regularly tripping over the dogs that they realize it’s time for a bigger space. While there are some pros to staying in a smaller home, the drawbacks when you’re family is larger are far more problematic. One of the best things you can do in order to stay on top of your growing family’s needs to is to try and stay ahead of the curve. If you have one child in your small ranch house but want to grow your family, consider upgrading to a larger house prior to having your second or third child. This can help you to maintain a semblance of order to your household.

Functionality is Key

The key question you should ask yourself when you consider upgrading homes is, “Will I benefit from the additional functionality that the extra space can provide?” During your property search in the Santa Fe area, you should always consider what is most important for you in terms of functionality. While you might enjoy having a large home that you can show off, if you can function well with a smaller home, then that is probably your best bet.

Commuting is Not Ideal

Another reason you might consider a move into an upgrade in size is simply because you’re in need of a home with a better location. In some areas, you can get a larger house for the same cost if you’re simply changing locations. Location should always be a high priority on your list, because if you’re commuting long distances, as so many people do, you’re not going to be as satisfied with work or life. Reducing your commute with a new house can be a great opportunity to also use your money to your best advantage and upgrade.

You Can Afford the Space

Lastly, it’s important to consider if you can afford the space you’re looking for. This is going to be one of the biggest factors to determine if you are ready to upgrade into a larger home. With the current market and the accessibility to low interest rates, it’s been an ideal time to opt for a home upgrade now more than any other time in the last decade. When your home has become no longer functional for your family’s needs and you can afford a slightly larger mortgage payment, they you’re well on your way to selling your current home and finding your next dream home.

During this process, it’s important to work with a professional real estate agent who can help you to match the right home to your growing needs. Having the right professional from Berkshire Hathaway HomeServices can make a huge difference in getting the house that will work for your needs versus purchasing a house that is way too big. Schedule your consultation with a Berkshire Hathaway real estate agent today.