Growing family? Or new additional family members at home who squeeze themselves into your room? Or you’re already outgrowing your space? And now you’re wondering if you should upsize your house and lot? If you’re beginning to think that your current house and lot isn’t right for you anymore, that’s completely normal. Almost everyone who is just starting to have a family has probably lived in a small house but now they are seeing clear signs that upsizing was more of becoming a need than a want. Further, most people don’t ever live in one home only their entire lives, at some point you’re going to outgrow your home whether by your will or not. However, upsizing your house and lot may mean that you and your family are moving to another city in pursuit of your dream home. The thought of it may give you both exhilarating and unsettling feelings at the same time because you’re going to face uncertainties of the unknown and yet you’re looking forward to a fresh beginning. Your worries are completely normal that’s why you have to plan your location thoroughly. You may look for possible locations of your house and lot through Bria Homes, they offer vast real estate options in different locations nationwide. Upsizing to a bigger home can be a good idea for you and your family. However, sometimes it’s hard to know whether it’s the right time to make the move. That’s why we listed down below some indicative signs that you’re ready to move on to a bigger home!
1. Your family is growing
The most obvious reason why you’re probably thinking of upsizing your house and lot is you have new additional members in your family. Perhaps, before you were only three in the house but now you’re having twins or your parents or siblings need to stay in your house for a while or your kids aren’t so little anymore. And probably now you’re realizing that each member of your growing family is beginning to have their own needs and that only upsizing your house and lot is the solution. Moreover, a bigger and nicer environment for learning is beneficial for your kids’ upbringing. A larger home always allows for a much more comfortable lifestyle compared to a smaller starter house and lot, which can quickly become too messy and cluttered as the number of toys, clothes, and furniture required increases. If you find yourselves literally out of space in your home or if you literally don’t know where to put beds for everyone? Then it’s really probably about time to think about upsizing your house and lot.
Relocating to a new house can be quite overwhelming, especially if you’re on a budget. However, there are a lot of real estate options that can suit your needs, such as Bria Homes. They offer affordable house-and-lot packages to cater to every Filipino’s housing needs.
2. You need some space to unwind within your home
After a long day at work, taking care of your kids, or settling household problems, among many other stressful and exhausting events in your day, you just want nothing but to relax in your own space. That own space can be your little garden, separate home office, or a man’s cave to release some steam. As your family grows, your space can become more cluttered or even become non-existent. In today’s fast-paced world, everyone deserves a little space to relax and escape from the stresses of everyday life that’s why maybe it’s about time for you to upsize your house and lot.
Further, you might have accumulated more items over the past years, hence it is only a natural consequence that you will need more space. Upsizing to a larger and better home would provide you with the extra space you need to store your things. Having more space at home could also open the possibility of a lifestyle change or pursuing more hobbies. For instance, you can finally buy a bigger piano or drum set, if you’re into music, or you can finally have the outdoor barbecue grill you’ve always wanted because you now have a patio to put it on, and the list goes on and on, the possibilities are endless.
3. The housing market is looking good
Check out first the current market before you decide to upsize your house and lot. If you found a house and the interest rates are friendly and you think this is an excellent time, then don’t let the opportunity pass you by. The housing market and interest rates are constantly changing nowadays so it might be good to buy a bigger home now while the market is good, always seize the opportunity! Further, in this way, you’ll save more money from high-interest rates. Understanding the factors that influence the housing market is essential in order for you to get the most out of what you pay.
Some factors that drive real estate prices are first, demographics, which means the characteristics of a population or the numbers being used to figure out how real estate is valued, marketed, and which kinds of properties are in demand right now; second, real estate or property trends, or the trends that drive the real estate market; third, location of the property, whether it is convenient and accessible; lastly, government policies or subsidies which can influence prices through their tax legislations and other laws.
However, at present, the Philippines is currently experiencing a constant high increase in inflation. This results in a significant decrease in discretionary spending of people because when prices of goods and services rise faster than wages, this results in a loss of purchasing power. Further, inflation and interest rates are interconnected. When the inflation rate is rising, interest rates are higher as well. If you’re going to borrow money from a bank to finance your house loan, you should first fully comprehend how its features influence the type of interest rate you can obtain. But don’t worry, Bria Homes still offer affordable house and lot suitable for your needs across the country.
4. You can afford a new home
It’s inevitable that you will want to upgrade your home sooner or later, and it is excellent to be able to do so when that time comes and your financial situation has already improved in order for you to afford one. Perhaps, you might have received a promotion or your firm may be doing well, and you now have enough money to finally move into a nicer and larger space. Just be careful to factor in the fees and expenses associated with living in a larger property. If you think that despite the effects of inflation and increased costs you can still buy a bigger house and lot, then by all means go for it. After all, purchasing real estate has long been regarded as a wise investment.
5. You’re feeling cramped
Do you run into at least more than one member of your family every time you use the restroom? Do you have to argue over who gets to take the shower first? If your home is too small for your family, it’s easy to feel crowded at times and this can also lead to some unnecessary arguments in your household. Being so close to your children becomes intolerable as they become older and more mature. Once they grow, they’ll be needing their own room. So, in a larger house, everyone gets the space they need. The kids will have room to run around and entertain themselves, allowing you a few moments of well-earned peace and quiet.
Aside from feeling cramped because of your family members, sometimes you can still feel cramped due to your growing furniture and appliances at home. Upsizing your home could also give way to having a better place for your stuff. Or with a larger home, you can now buy bigger appliances that can fit into your space like a bigger flat-screen tv with a surround sound system and reclining leather chairs that you’ve always wanted.
6. You want to host gatherings
There is always at least one person in every group of friends and family who always loves to host get-togethers and gatherings, primarily because their home is larger and can accommodate everyone. Sometimes it’s for specific reasons, such as having a pool, a large outdoor garden, or simply being centrally located and easily accessible that makes everyone agree that person should host gatherings. Upsizing your home would finally allow you to welcome guests into your home, showcase your cooking skills, and entertain friends and family. It’s always a pleasure and dream to be able to offer your own place for a get-together where core memories of a lifetime could possibly be made.
7. You need space for your pet
Smaller homes aren’t really ideal if one of your family members has a pet. Some studies show that in general, households that have pets live in houses that are not designed to have room for pets, no matter how small. Dogs, in particular, require space both inside and outside. We all know that dogs always love to play around and run. By upsizing your home, you’ll finally be able to have as many furry friends as you want by your side, and they will have more room to roam and play and you’ll be able to take care of them more. So, if you already have pets who appear to be overcrowded, or if having a pet is still a distant dream, upsizing is the way to go.
8. You want to live in a more accessible location
Everyone has had to relocate at one point in their lives, with the most common reason being for work. Also, when it comes to planning for your family’s future, being in the right place becomes critical that’s why you dream of living in a good neighborhood. When relocating, you must consider not just the proximity to your work but as well as school, public transport, local shops, and hospitals among others. Moreover, relocating provides an excellent opportunity to upsize and move into a larger home. You may be relocating because you have found the ideal home to meet your expanding needs already, or you may be relocating to a more affordable neighborhood where your budget will allow you to purchase finally a larger home.
Your current home may have been in an ideal location when you first purchased it, perhaps near a kindergarten school, but now your children are perhaps in elementary and you want them to transfer to another school, or from your favorite restaurants. Bottom line is, as your family grows, they require more from the neighborhood. If you already feel like your current location isn’t right for you, now is a good time to decide not just to move, but to upsize.
9. You outgrow your current neighborhood
Sometimes, we really don’t need upsizing but rather we are only in need of a new environment. It’s completely normal to outgrow our surroundings. Maybe, the house that you’re currently in with your family is your childhood home and now you want to feel something new. Don’t misinterpret it, we all know that Filipinos can be quite sentimental when it comes to houses that they’ve grown into, it’s not easy to move out. But there are people who honestly just want to move to new surroundings to acquire a new perspective and to grow, maybe.
Another reason might be you’re already fed up with the city center flat, the hustle and bustle of city life, and that as you grow older, you just want nothing but to move to a more quiet neighborhood. After a few years, your priorities may have shifted from nightclubs to spending more time with your kids or yourself so most probably, a three-bedroom semi-detached house a few kilometers outside of the city is a new dream.
In sum, maybe it’s about time to upsize your home if you can relate to any of these signs. If you make the move in upsizing your home, you and your family will have the extra room you always need, and if you have a pet, they may even appreciate the extra space to run into more than you do. A bigger house also opens up new possibilities. You’ll have the chance to host gatherings in your house, thus the possibility of meeting new people.