Feeling cramped in your starter home? It might be time to upsize! Moving to a larger space is an exciting journey, filled with opportunities for new beginnings. But before you dive in, let's explore how to make this transition smoothly and confidently.
Know Your Why
Understanding why you want to upsize is crucial. Whether it's accommodating a growing family, needing a home office, or desiring a bigger garden, having a clear motive will guide your search and help you prioritise needs over wants.
Get Your Home Sale-Ready
First impressions count! To maximise your budget for your next property, ensure your current home shines. Tidy up, declutter, refresh paintwork, and fix any minor repairs. Buyers should see your home as a move-in-ready gem, enticing them to make an offer.
Understand Your Finances
Upsizing usually means a larger mortgage or tapping into more of your equity. Early discussions with a mortgage adviser can clarify your options and help you understand what you can comfortably afford. Remember to include costs like stamp duty, removals, and solicitor fees in your calculations.
Time Your Move Wisely
Deciding whether to sell or buy first can be tricky. Selling first provides a clear budget, but buying first might be necessary if your dream home appears on the market. Weigh the pros and cons of each option and plan your timing carefully.
Think Long-Term
When upsizing, you're investing in a lifestyle, not just extra space. Consider commute times, school catchments, and how your new home will suit your future needs. This foresight ensures your decision remains beneficial for years to come.
Moving up the property ladder is a significant step, but with thoughtful planning, it can be a rewarding one. At Bond Residential, we're here to support your journey to a bigger and better home.
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