From time to time, pretty much everyone gets the feeling that they would like to live in a bigger house. No matter how large your current home is, we’re sure that you wouldn’t mind having an extra room or two. Daydreaming aside, here are 5 signs you need a bigger home in Greensboro. Take a look at our list and carefully consider if it’s the right time to move to a larger property.
- Your family unit is expanding
This is probably the most common reason people want to upgrade to a larger home. This often happens when couples are expecting and realize they have nowhere to put the nursery. However, having a newborn isn’t the only time you can need a bigger home. You might simply need more rooms for the people living under your roof. If things are already cramped, it’s a good idea to upgrade before family members start getting on each other’s nerves.
Another common situation is that someone needs to move in with you, like a parent or a sibling. Even if the plan is for them to live with you only for a short while, it often ends up lasting a lot longer than you initially expected. In that case, we recommend that you look into buying a multi-family home. You could live together in comfort and have separate entrances and units. When the need for them to live with you ceases, you will still be left with a large investment property. Renting out the separate units will give you a nice profit each month.
2. Real estate prices in your area have exploded
Even when the real estate market is relatively stable, the prices for specific neighborhoods are constantly fluctuating. Every agent will tell you that you need to strike while the iron is hot. Try to get value out of your property when the market is on the upswing and sell your home while the prices are good.
When the value of your current home has gone up, you could sell it and get something bigger. If you are waiting for the universe to give you signs you need a bigger home in Greensboro, you can’t hope to get a clearer green light that it’s time to act. Trading up always feels good since you will be getting more than you initially paid for your home. All you need to do is keep your eye out for sudden shifts in the market.
3. You have too much stuff
Never in history have people owned so many possessions as they do today. Thanks to that, however, we are facing new problems like where to put it all. It’s normal to accumulate possessions over time, and owning too much stuff while having nowhere to put it is relatively common.
You could take the easy way out and try to rent storage. Before you do, stop to think about how much you will be spending on that every month. Wouldn’t you rather be using that money to pay off a mortgage for a larger home? Alternatively, you can choose to declutter, but if that were so easy, you wouldn’t be in this situation in the first place.
The best course of action is to upgrade to a larger home. That way, you won’t be paying for storage, and even if you manage to declutter, you are still left with a big house. If you go with this route, make sure to hire reliable residential movers who can transfer your entire household along with all of your possessions. Most moving companies can offer additional services as well if you need help with packing or junk removal.
4. You want to do too many upgrades to your current home
Understandably, everyone would like to fix a few things around the house. However, all of those repairs and improvements can cost you a lot of money. Sometimes it’s easier to find those features in a new home. You can remodel from scratch when you move and set up the new house how you like it.
A question you need to ask yourself is: how long do you see yourself living in your old home. If the answer is less than five years, it may not be worth doing the upgrades, and you should start thinking about selling.
Improvements on your old home will only get you so far. The core structure will remain the same, and some things, like the size of the home, can’t easily be upgraded. You also need to keep in mind the return-on-investment for all the money you will be putting into your old house. The ROI might not exceed what you put in, and you are bound to lose some money on upgrades that don’t fetch a good return when you sell. You could put all that money to better use by spending it to buy a bigger home. You could sell your old home in its current condition and make improvements to the new place.
5. You need a home office
The coronavirus has impacted the way we work, and home offices have become a growing trend. Most of the work that can be done away from the corporate offices has moved to employees’ homes. You might find yourself in need of a home office. If that’s the case, you already know that not just any room will suffice. Of course, not all home offices are the same, but you will need a place to work that is isolated and quiet. Perhaps you don’t have the ideal conditions in your old home, and remote work is the thing that inspired you to go hunting for a larger house.
Sometimes, it’s not just about wanting a larger house; your current one may not suffice anymore. It’s understandable that your needs will change over time. What’s important is that you recognize what you and your loved ones need and act on it. Keep an eye out for these five signs you need a bigger home in Greensboro. If you see yourself in any of these scenarios, it is time to start looking for larger homes.
Meta description: If you’ve outgrown your current home, you should sell your old house and buy a larger one. Here are 5 signs you need a bigger home in Greensboro.