So many people are really in a state of confusion as regarding buying a bigger home to get more space for their family comfort or making a home addition to their spaces. Anyways, when money is made available, everyone knows that going for a bigger house will seem to be less popular choice especially when the price of second floor addition seems far more affordable than purchasing new house. In this article, we shall address this issue and look at the benefits of a home addition to buying a bigger house.
But if purchasing a house is your interest, then it is important to know the basic and detail need in buying a home. So briefly, we shall give important tips on buying a bigger house.
Firstly, it is important to state the reasons behind home addition and required renovations. The reason most people do this is to find a more comfortable place most especially when the number of people living in a roof is more than the available space. This causes discomforts and upgrading your current home may seem to be the next option. The other option is to contact real estate agents when planning to buy a bigger home is that they need to be guided through the process of getting a more comfortable house even at an affordable price. With extremely high costs to sell and buy properties, home owners prefer to stay within their current home and upgrade it for fraction of the money.
It requires a thorough and detailed planning while opting for this option than buying a bigger house. You must understand that your prior intention is to get a bigger space whether buying a bigger house or going for a home addition. Therefore, to help you land the best decision, the following are some of the advantages of having an additional space in your home than buying a bigger house
Renovating and Adding Space to Your Home
- It is cheaper than buying a bigger home
If you have an increasing number of occupants in your home, it is always advisable you have an additional room instead of moving to a new bigger house to accommodate your family needs. At first glance, you may think opting for a bigger house is normal, but you’ll be surprised that the expenses will accumulate and become huge than what you may think.
- You have control over the design of your home addition
When you buy a readymade house, you must understand that the design and every other thing will have been landed according to the contractor’s experience and preference. For this reason, doing a home addition is more fulfilling since you have full control over everything including the design. You’ll need to instruct your contractor to professionally create your ideas in your home addition not minding what others will say. If you are good at making searches, you can easily get a suitable design freely on the internet.
- It helps to maintain a cordial relationship with your neighbours.
When you make a home addition, it gives you the opportunity of creating and maintaining a mutual relationship with your neighbours instead of transferring to a new bigger house. This will help you to continue living in your house without spending unnecessarily in a bigger home.
In conclusion, home addition is better than buying a new bigger house most especially when you have a proper planning. When you hire the right contractor for your home addition, you’ll be surprised at the result as the contractor will help you manage the available space judiciously and give you an incredible result even at an affordable price to provide you with a comfortable addition for your family.
Buying New House and Moving
- Know exactly what you want.
Knowing what to expect from the new bigger house is the first thing to consider aside from the fact that it must meet the space needed, there are still some other factors you may need to consider depending on your interest. Remember that you must go for something that suits your interest. For example, you need to consider the number of rooms available in the new house, the number of toilets, proximity to your place of work and school for your children, amenities the new home will provide, the security level in the area and the percentage of tax to be paid. The more you write exactly what you want before meeting an estate agent, the better it is. This will make you avoid wasting your precious time in homes that will not interest you.
- Understand your financial capacity.
This is one of the most vital points to consider. To buy a bigger house, you must be financially capable of meeting up with the expenses accrues to buying a bigger house. Buying a bigger house means buying a bigger responsibility. You can hire the service of a financial institution. They are great in assisting you to look at your entire financial picture. The earlier you do this, the earlier it is for you. The fees and taxes for selling and buying house will surpass hundred thousand dollars. Mortgage approval will be required for purchase of new house.
- New House Needs Upgrades
In most situations the houses on the market will not match requirements of the buyer. It will be too expensing, too small or too out-dated. Unless the property you are looking to buy is from developer, someone has lived in it and used it to full potential. After exhausted search for specific house, all transactions, and final move you will be spending time and money for adjustments and small renovations.
