When you buy a starter home, you get excited over a cozy cottage for two. You never consider a future where you have to accommodate three or four or even five people. And perhaps even a pet dog.
You decorate your little home exactly the way you want it. You get to know your neighborhood and the folks next door but then your family grows and grows. Also, you realize that a cozy cottage is ok when the kids are babies or toddlers. As they move into adolescence and beyond, you begin to wonder, “Is my house too small?” Of course, you already know the answer.
You Always Have Options
Option #1, Add on a room or two: Building a home addition requires architects, and contractors, permits, and other expenses. It can prove way too expensive. Also, if your small house has a small yard, an addition can take up all of your leisure-time space.
Option #2, Stay where you are: You could keep your cozy little home, knowing that one day the kids will go off to college. (But they’ll probably come back.)
Option #3, Move up to a bigger home: This stands out as the best choice by far. Especially if you want your family to be happy and comfortable.
Moving up to a second or third home is an American homeownership tradition. In fact, a 2018 Value Penquin article explains that Americans usually stay in their homes for an average of 13.3 years.
First You must Sell Your Too Small Home
Searching for your new home is the fun, exciting part of moving to a bigger location. You simply make a few decisions and then you go househunting with your must-have list.
- What kind of home?
- How big?
- What neighborhood?
- What school district?
- How much?
Selling your existing home is usually not much fun at all. Selling often becomes the stumbling block that sabotages your plans.
If you can’t sell your home before buying a new one, you’ll have to stretch your budget to meet your down payment. It might be difficult to get financing. If you can get financing, you’ll have double mortgages, double housing expenses, and double responsibilities.
It Might Take a Long Time For Your Home to Sell
When you sell your home the traditional way, it takes time, effort and energy. You must fix up your home, list it, host private showings and open houses… and wait.
Real estate agents can’t promise when or if your home will sell, especially if you have a house too small, so waiting is usually a part of the marketing process. That’s a problem when you need the money to make a down payment on your new home. Waiting for your home to sell can force you to miss out on buying the home of your dreams.
We Have a Better Way
Is your house too small for your growing family? At Next Level Home Buyers, we buy your home fast so you can move on to a bigger better home. Our home buying specialists make it simple:
- We evaluate your home.
- We make a cash offer.
- When you accept, we close in as few as 7 days.
Next Level Home Buyers
Contact us if you’d like to know more about our Fast & Fair homebuying process. Call us at 860-368-0343 or complete our contact form.
WE BUY HOUSES IN ANY SITUATION:
Behind on Payments
- Death of a loved one
- Liquidating assets
- Inherited property
- Job loss
- Bad mortgage
- Medical Bills
- Extensive repairs