Are you ready for a Bigger House?

Homes in Brisbane range from studio type apartments to multi-level mansions with dozens of rooms and sitting on sprawling acreage. While others prefer the coziness of smaller houses, many of us love the comforts of a large home. There are many implications on getting a bigger house – more space, prestige of ownership, and higher mortgage are just some of the things to consider.

Here are the main reasons people start thinking of a bigger house;

A growing family – Welcoming a baby can change your housing perspective. While they are cute and small, they demand a lot of space. Think of the nursery when they’re babies, the playroom when they reach toddler years, the backyard space for outdoor play, and their own bedrooms as they go into their teens. Even a new pet means a need for additional space.

Lifestyle and needs change – Certain changes in your lifestyle also need a bigger space for you. Have you decided to open a home-based business? Are you now working from home? Given up travelling for gardening? You suddenly need lifestyle amenities like a backyard pool, a gym, or a bigger kitchen for your newfound passion for cooking.

Not enough room for your stuff – Are you paying storage for stuff that you prefer to be at home? Is your home too crowded to even contemplate re-decorating or inviting a friend over? Your home is your haven; a place of comfort, peace, and security. If your stuff is all that you see in your home, you need a bigger one to have enough space for yourself.

You have always wanted a big house – If living in a large home has always been what you wanted, then just go for it. Just like anything in life, you should choose a home that will bring you happiness.

You have a qualified need to upgrade to a bigger home. But before you move into the next steps, consider the factors that will affect your decision;

Can you afford a bigger home? – Bigger income or the affordability of purchasing a bigger home in Brisbane is not a good reason enough to start looking for one. But it is the most important factor to consider before going into the process of upgrading. Aside from the higher mortgage payments, you will also have to cover the increased maintenance expenses and costs.

Change of address – You will eventually move to a new neighbourhood. How will this affect you? A change of address is a big factor if you are working in the area or if your children are going to schools nearby. A move could mean a new school for the kids, a longer commute for you, and a whole new beginning for your family.

Can you sell the house now? – What will you do with your present home? Is it a good time to sell it? Or would it be better to hold it as a rental? Selling your home can give you a good start or a big down payment on the new home. While the rent income can alleviate your mortgage payments.

Home extension or remodeling – A house extension can address your need for more space. An upgrade or renovation might be all you need to accommodate new amenities needed. It is a lot easier and cheaper. However, if the home is too dated or rundown for a renovation, a home purchase is your better option.

We can help you find your new and bigger home in Brisbane. If you still need additional real estate guidance and information to help you arrive at a decision, do not hesitate to call us. And click here to get in touch with the best real estate agents who can help you find property investments or sell your home.