A Guide to Upsizing your Home

Upsizing means moving into a bigger home. You may want to upsize because your family is growing, you want a garden and a guest room, or you fancy a lifestyle change. 

 

Upsizing doesn’t necessarily involve buying a house with more rooms – it refers to scaling up the property’s overall size and scope, including its total square footage. For example, you may choose a house of the same size but with a garden and backyard.

 

Upsizing your home is an important financial decision. These are some of the things you should consider before taking the leap:

 

• Reasons – Why do I want to upsize?  

• Time – Is now the right time to upsize?  

• Location – Does it suit my needs for the future?  

• Property – What property type would suit my needs best?

• Mortgage – Can I afford the mortgage and the monthly repayments?

• Costs – Can I afford the extra costs like Stamp Duty and higher maintenance and utility bills? 

• Resale value – If you’re planning to move again in the future, consider the property’s resale value.

 

If you’re not ready to upsize, there are other alternatives you may want to consider, including:

 

• Renovations – Renovating your home or some rooms is cost-effective and less time-consuming. You can modify your loft space to create another room or opt for an open-plan living room to make your home feel airier.

 

• Extensions – You don’t need to buy a bigger house to have more rooms. Extensions don’t usually require planning permission unless they are over half the area of land. 

 

• Other additions – If you have a garden, consider building a shed for extra storage.

 

If upsizing is right for you, our brand-new homes could be up your street. Our 4 bedroom and 5 bedroom homes boast modern features, stylish décor and ample space for playing, dining and lounging. They’re energy-efficient and sustainable, helping you keep running costs down. 

 

Browse fantastic homebuying offers for a trouble-free move. Contact our Sales Advisers today to learn more.