Is It Time for a Bigger House?

Your home is one of your biggest investments, so it is important that it serves the needs of you and your family. If you are thinking about upgrading to a bigger house, here are three signs it might be time to make your move!

Life Transitions

The most common reason people chose to move into a bigger home is life transitions. Getting married, starting a family, or having ageing parents moving in are just a few examples. Of course, more people usually require more space, but life transitions often mean you need a different kind of space, too. Determining your exact needs in addition to more space is crucial for your new home search. Check out our handy checklist to pinpoint exactly what you want and need during your home search.

Working from Home

It should not be surprising to learn that working from home is gaining in popularity. Since 2009, the number of people who work from home has risen by 159%, and currently around 62% of employees aged 22 to 65 say they work remotely at least occasionally. Working from home has both its advantages and disadvantages, so if you do not currently have a good home office space, it can be tough to take those business calls or simply focus on the tasks at hand. A new home with a designated office space should do the trick!

Outgrown Your Starter Home

It may seem hard to imagine that the home you are in today might not be your forever home. However, it is okay to admit if you have outgrown your starter home. Here is the good news – now is a good time to sell!

Home prices have been steadily increasing over the past few years while inventory in the real estate market is down. These conditions consequently increased competition among buyers.

This is great news if you are thinking about selling and upgrading. The equity in your house has likely risen as prices have increased. There is a large pool of buyers out there searching, and your home may be high on their wish list.

If you are one of the many homeowners with big dreams of upgrading to a larger home, now might be a great time to find out what your options are. Contact one of our expert Loan Officers today, and we will help you get started!