When is it time to move to a bigger house?
Category Buying
Looking at your home and finding it too small for your needs? It's perfectly okay! There comes a time in every homeowner's or renter's life when moving to a bigger property needs to be considered. Spaces feel cramped, family members are on top of each other, and bringing in new furnishings becomes a struggle. However, taking the leap is a major financial and emotional decision. Here are signs it's time to upsize to a bigger house in Alberton.
You're in a buyer's market
The ideal conditions to buy a home can come and go in an instant. At present, you can expect record-low interest rates, plenty of property options, and an appetite from banks to approve 100% home loans. If you're in the right space, now's the time to take advantage of market conditions to switch up.
You need more space
When your starter home has served its purpose, you should definitely consider the advantages of a bigger space. There's also the matter of improving your quality of life. Over the years, you've collected several items you may not be able to part with. Having a larger home can help you store more of your belongings, especially if you still feel cramped after a good decluttering.
You're going through a life transition
Shifting from one stage of your life to the next is another reason to consider a larger property. Moving in with your partner or getting married, having a baby or adopting a child, or welcoming a new pet are all great reasons. Multi-generational living is also on the rise. You might be prompted to get on the property search if your child moves back in after varsity or is retrenched. It's also a good idea to think big when a retired family member moves in. More space can give everyone their own corner to live in harmony.
You've had a change in your career
The average South African stays in their current job for about four years. That can spark many changes in housing for better commuting over your lifetime. With salary increases and promotions, you can find yourself in a better position to afford a bigger home. With remote working remaining a popular trend locally, you may even need to upgrade to a bigger home with an office space.
You've started a new hobby
Discovered a new passion? Exploring it can require space you may not have. Cooking can translate to a need for an improved kitchen. Crafting, playing an instrument, or exercising can require not only bigger spaces but dedicated rooms to do them properly. If you're green-thumbed, you may also need to find a larger yard space to grow everything you desire.
You want to make more money
If you need to increase your earning potential, a larger house can help you bring in more income. You can let out a room or part of your property to a long-term tenant or short-term renter using a marketplace like Airbnb. A careful investment can help you pay your home loan and even provide a great return if you decide to sell at a later stage.
You want a change of area
A lifestyle or neighbourhood change may also drive you towards a home size change. Some suburbs tend to lean towards larger properties. For example, homes near schools tend to boast big houses to cater to families. If you're looking for security, you might consider a move to gated estates and homes in boomed-off areas. Again, you may not have a choice in home size if these have been built to cater for larger households.
You want to skip the upgrades and upkeep
It's quite possible to remodel your home to cater to your desire for more space. However, if you're not up to the job, it can be a tedious process. In addition, there may be restrictive conditions preventing you from making updates. If your home requires a lot of maintenance to keep it in good condition, you may also consider moving to a larger, modern property instead of tending to your ageing home.
You want to upsize in retirement
Retirees typically choose smaller homes to save on cost and upkeep time. However, there's a good reason why enjoying a bigger house can make you happier in your golden years. You don't have to compromise on location, finishes, and a gorgeous view. Plus, you can enjoy the space for all your hobbies. If you have visiting family or friends or need an extra room for a caregiver, having a larger house will serve you well.
Find your large home in Alberton
At the end of the day, the size of your home is a personal decision. If you're dreaming big, Alberton has a number of properties for sale or properties to let that will tick all the boxes on your list. Contact our local property practitioners, and tour the homes in our portfolio today.
Author: Century 21 South Africa
