East Coast Properties, LLC

Growing Into a Larger Home

by East Coast Properties, LLC 12/29/2019

Photo by Kirk Fisher via Pixabay

Whether you are buying your first home or are upgrading, consider buying a larger home. Even if you are just planning on starting a family, a larger home allows you to grow into it. And, you don’t have to put up with the pesky chore of moving when it’s time to go bigger. If you are upgrading, you should still go bigger than what you think you need because you’ll eventually run out of space. As long as you can afford it, going bigger has more benefits than downfalls.

Save Money When Your Family Grows

Instead of trying to sell a home and buy a larger home when your family starts growing, you’ll already have the larger home. If you plan on two kids but often have relatives or friends visit overnight, you’re better off with the extra bedrooms: one for each child, the master suite and at least one guest bedroom. When you have more than one guest bedroom, you’ll be able to make one into an office or a library if you decide to work for yourself later in life or if you decide you just want a quiet place to escape to once in a while.

Make Money

A home with at least one extra bedroom and bathroom commands more money on the market when you decide to sell it. Instead of a three-bedroom, two-bath house, you might consider a five-bedroom home with at least three bathrooms. You’ll get more for a sale than you would for a three-two. While you might pay more for the house, depending on how the market is when you sell, you could see quite a bit more appreciation than in a smaller house.

More Space

Generally, larger homes also have larger living spaces in addition to the extra rooms. You’ll have a more spacious kitchen and a larger living room that won’t feel as crowded when you entertain. You might find a new hobby later in life and will have the extra space to accommodate that hobby. And, because you have more space, your home will look less cluttered because you won’t have to “find” room to store your stuff.

Finally, you can get the furniture you want, instead of settling for something just because it fits in your living room. If you’ve always wanted that big-screen TV or even a room with movie theater seating, you can have that when you go bigger.

What You Can Afford

Look at your debt-to-income ratio as that determines what you are able to afford. If you can go bigger, the benefits outweigh the larger utility bills and the amount of extra time it takes to clean. And, look for a house that is on some acreage so that you can create a large outdoor living area and won’t be on top of your neighbors.

About the Author
Author

East Coast Properties, LLC

You can trust Mary Merkley with your real estate business! Mary is a career Realtor, having enjoyed the real estate business for 30 + years; she is extremely knowledgeable in all aspects of buying and selling property. Besides having fun with her clients and enjoying meeting their real estate needs, Mary is a diligent and discreet broker as she represents her client buyers and sellers doing what is truly best for them. Mary is a seasoned Real Estate Broker licensed in both Maine and New Hampshire. She has a vast knowledge of the NH and Maine seacoast area having started her business in her home town of Dover, NH.Additionally, Mary is a licensed and bonded Auctioneer! She has the capacity to offer liquidation needs in both "personal property" as well as in"real property" for her clients anywhere in the seacoast. Mary's experience covers the following Seacoast towns: Dover, Durham, Rollinsford,Rochester, Somersworth, Newmarket, Barrington, Northwood, Strafford, Hampton,North Hampton, Stratham NH; and in southern Maine, Kittery, South Berwick, York,Cape Neddick, Kennebunk and Wells area. In addition to excellent service, Mary is detailed oriented and because of her love for the business is a pleasure to work with and goes above and beyond what is expected. Mary has also assisted many of her clients with property staging needs whenever necessary. One transaction at a time, Mary's clients have rewarded her careful work with their "repeat" business, by also referring their family and friends to her.