Arrange your current home sale first
So, the time has come to upsize to a bigger home for you and your family. Whether you’re looking for the next step on the property ladder or want to find your forever home, here’s how to make it happen.
The first thing to consider when looking to upsize is how you intend to sell your existing home, as the money that is currently invested in this will need to be freed up to help you to purchase your new home.
If you’re buying a new build home, there are some selling options available for you to simplify your home sale.
You could part exchange your existing home towards your new home, meaning your new home builder will purchase your property from you, speeding up the process and saving you money on estate agency fees and commission.
Another option is Strata’s Assisted Selling Plan, which means we will use our market understanding to help you get a quick sale at the best possible price.
Get in touch for more information about the selling options that suit you.
Budget for the upsize
As your family grows, so can your costs. It’s important to consider the costs involved with purchasing and running a bigger home.
You can use our mortgage calculator to estimate what the increase in mortgage payments will be. You can also use your local council’s website to find out how much the council tax you will pay and the energy efficiency rating of your new home will give you an idea of the running costs.
If you’re moving from an older property to a new build, you may be pleasantly surprised. According to research by new-homes.co.uk, the comparable running costs of a new build property (built after 2013) compared to a Victorian home (with modern day improvements) is less than half. For example, if you were to move from a Victorian three-bedroom semi-detached to a four-bedroom detached new build home, you could save an estimated £620 per year.
Look beyond the bedrooms
Number of bedrooms is a key factor when upsizing to a larger property, but what’s equally important to consider is the space available throughout the property.
The size and layout of the rooms has a big impact on the way you and your family live in your new home, so carefully consider the floorplans. Does the space suit your future plans and is there room to grow further?
A utility room is ideal for hiding away appliances, a downstairs WC makes taking young children to the bathroom easier, an ensuite allows bigger families to avoid bathroom clashes and a garage provides additional storage and extra car parking. These are just some considerations that will make your family life easier and ensure your new home suits your lifestyle as your family grows.