Planning on Upsizing Your Home? Consider These Things First!

Planning on Upsizing Your Home? Consider These Things First!

There is a wealth out there on the do’s and don’ts of downsizing at retirement age, why it’s a good idea, and how it will benefit the individual. But you know what we’ve noticed that there is a distinct lack of? Content for those up and coming on the property ladder who are planning on upsizing for their next property.

For some reason, it’s something we just don’t give as much thought to — and yet it’s every bit as important. Conventionally it’s another milestone, when couples are building families, or other are settling into more lucrative jobs and want more space to play with in their day to day living.

So what top tips would we recommend if you’re thinking about upsizing? Read on to find out the ins and outs.

Think Things Through Thoroughly

Before you make any major decisions about upsizing, we strongly recommend that you think things through, and consider the following factors:

Ask Yourself This: is Now the Right Time for me to Upsize my Home?

There is definitely a right and a wrong time in which to start the process of upsizing your home. It can be difficult to decipher this because of the fluidity of the property market and prices constantly rising and falling, but it does very much depend on personal circumstance too.

Consider the following things:

We would advise looking through all of your documents — financial or other. Work backwords from any deadlines that occur when you look through these, and ensure that you pick a time to move that gives everything the time it needs in order to fall into place. Your moving experience will be a lot less stressful for it, trust us.

Do I Have Any Alternatives?

Finally, if you’ve taken all of the above advice, and upsizing just doesn’t look like something that’s going to be doable for you in the near future, then you could consider these alternatives instead:

All of these things also encourage a higher value on your property too, so could be better when you sell in the long run. Upsizing is right for some, and not for others, but do remember that you have other options too!

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