As families grow and lifestyles change, it is not uncommon for homeowners to find themselves needing more space.
If you find yourself in this situation, it’s worth exploring what your options are. The most popular ways to get you and your family into a bigger space are:
Moving house is often the first option people think of when they need more space. Moving to a larger home can give you more space and can be a great opportunity to get a fresh start. However, moving can be expensive and stressful, and there’s no guarantee that you’ll find the perfect home in your desired location.
On the other hand, knocking down and rebuilding on your current site can be a great option if you’re happy with your location and you want a custom-built home. By knocking down your current home and starting from scratch, you have the opportunity to design your dream home and create the space you need. If a change of scenery in on the cards, building a new home on vacant land can allow you to create a home that ticks all the boxes for your family.
Additional space — what you need and why
When making the decision of how to gain more space to meet your family’s needs, take the time to assess what those needs really are. Do you need larger bedrooms, or more of them, or both? Is having additional bathrooms a factor? Is working and studying from home something that needs to be catered for more effectively?
What’s more, when making these decisions you should consider many aspects for the years to come. Future-proofing your home to meet needs foreseeable later is worthwhile now. Plus, it can save you from finding yourself in a similar predicament down the track. For example, your children might be happy sharing a room now, but what about when they hit their teens?
The perks of upsizing your home
Upsizing your home can have several potential benefits, including:
Comfort: A bigger home can offer more comfort, with larger rooms, more bathrooms, and additional storage space.
Higher property value: Generally, larger homes have a higher property value than smaller homes, which could result in a higher resale value if you decide to sell your home in the future.
Enhanced lifestyle: An upsized home can also provide an enhanced lifestyle, with amenities such as a home gym, studio, home office or a home theatre.
Room for guests: With a larger home, you may be able to accommodate guests more comfortably. You may even incorporate a separate guest room.
More space to entertain: With a larger home, you will have more space to entertain friends and family.
Go big AND go home with Fairhaven
Regardless of which option you choose to upsize your home, it’s important to carefully consider your needs and budget before making a decision. For more information, visit our Upsizing Advice page. We can help you on your home upsizing journey, just reach out to Fairhaven.