Beware of Over-Downsizing or Over-Upsizing

Most homeowners describe their dream home as a large house located on a sprawling estate, even if they already have more room than necessary. If you are trying to find your dream home or plan to up-size from your current one, beware of the challenges of owning a large house. From increased utilities and maintenance concerns—to budgeting problems, here are ten reasons why upsizing might not be a good idea.

Upsizing Your Home Can Be A Costly Mistake.

The more space you have, the more inclined you are to fill it. That is especially true of people who move from small apartments into large houses. If you want a larger home to fill with more furniture and “things,” you may realize this leads to wasteful spending. Instead of spending money on a larger, more expensive house, you could use it for vacations, leisure activities like concerts or sporting events and a college education. Of course, your savings!

A Larger Home Will Require More Work To Maintain:

If you’re a homeowner who likes doing something other than home maintenance, moving into a bigger house will only worsen the problem. A larger home requires more maintenance than a smaller one, including cleaning rooms on the inside and seasonal upkeep of mechanical systems like heating and air. If you hire someone to do this for you, it could be helpful; but keep in mind that moving again may be necessary if your family grows (or shrinks).

If You Have Leaky Pipes, Your Water Bill Could Increase Significantly.

In this era of green conservation, water is the focus. If you upgrade from a small home to a larger one, the increased water usage in your kitchen and bathrooms may be more than what is required by landscaping irrigation systems. If you decide to move into a larger home, research low-flow faucets and other water-saving fixtures for your kitchen and bath. A portion of reclaimed water can be used in landscaping—and will save significantly on monthly bills!

Larger Homes Consume More Electricity To Keep Their Occupants Comfortable.

Conservation of energy is another green initiative in which many are trying to make a conscious effort. Larger homes require more power to run the lights, appliances and other electronics. To reduce your environmental impact, install water-saving fixtures and energy-efficient appliances. Turn off lights and electronics when not utilizing them.

It Could Be Not Easy To Buy A Larger Home And Then Sell Your Current One.

It is impossible to anticipate the future, but if you consider upgrading your home in an area where housing prices have plummeted, you may be stuck with two homes. Midsize homes are a good fit for large cities like New York, where space is at a premium. Avoid these common selling mistakes to sell your home for the most money possible when you’re ready to move on.

Rehabbing Your Current Home Could Save You Money.

Many homeowners dislike their current homes and want to upgrade. Renovations can add value and save money if you are going to move anyway, but only if done right—otherwise, they may make your house worth less than it was before the renovations. If you’d like a larger kitchen or an upgraded bathroom, renovating your home might be the way to go.

Larger Closets Can Mean More Time Spent Searching For Misplaced Items.

Most people don’t realize that “finding clothes to wear” is one of the biggest time-wasters in their daily routine. Although large closets can hold a lot of clothes, time spent searching for items may be less desirable.

If You’re Considering Moving To A Larger Home For Your Family.

Some homeowners need more space as their family grows, while others want extra room. While a large home may be considered more suitable for a growing family, many families have found that using space-saving solutions such as bunk beds, loft beds, and shared organization methods can work just as well. – Sharing and respecting other people’s spaces can be a surprisingly hard lesson to learn, but it will make your kids better guests (and roommates).

Need more ideas for selling your house faster and for the best price possible? Contact Us Today!