ASSESSING YOUR CURRENT SITUATION
The first step to deciding whether or not to upsize your home is to take a look at your current living situation. This allows you to get a better idea of your level of need for more space. Ask yourself these four questions:
Is your current home meeting your spatial needs?
Are you expecting major life changes (growing family, aging parents, etc.)?
Do you frequently find yourself wishing for more space?
How does your home's current location, neighbourhood, and amenities align with your lifestyle and future plans?
If your answers leave room for more discussion, it's time to move forward to evaluating your finances.
EVALUATING YOUR FINANCES
Moving to a larger home is a significant financial decision. Take the time to evaluate your finances and consider the following factors:
Can you afford higher mortgage payments, property taxes, and maintenance costs associated with a larger home?
Will upsizing your home significantly increase your monthly expenses?
Are your prepared for the costs associated with buying and selling a home (closing costs, moving expenses, etc.)?
Will upsizing your home improve your financial situation in the long run (increase property value, reduce future renovation costs, etc.)?
WEIGHING THE PROS & CONS
Before making a decision, it's essential to weigh the pros and cons of upsizing your home.
The Pros of Upsizing Your Home
The Cons of Upsizing Your Home
If it is hard to decide whether upsizing your home is worth it or not, you may want to consider some of the alternatives. These include renovating or remodelling, renting additional storage, or downsizing your belongings to free up space in your current home.
Book your real estate consultation today
I look forward to working with you and helping you reach your home ownership goals. Reach out to get in touch and start the process today. I offer:
CONTACT JACQUELINE
INFO & SERVICES
Independently Owned and Operated. ®/™ trademarks owned by Century 21 Real Estate LLC used under license or authorized sub-license. © 2020 Century 21 Canada Limited Partnership © 2020 Century 21 Canada Limited Partnership
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association. Not intended to solicit properties currently listed for sale or buyers under contract.
Century 21 Canada Limited Partnership currently has franchise opportunities available in select markets across Canada. The intent of this communication is for informational purposes only and is not intended to be a solicitation to anyone under contract with another real estate brokerage operation. This e-mail message contains confidential information intended only for the use of the individual or entity named above. Any unauthorized use or disclosure is strictly prohibited. If you have received this communication in error please immediately delete the e-mail and either notify the sender at the above e-mail address or by telephone.
© 2022 MoxiWorks
