4 Tips to Upsize with Ease
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The thought of upsizing can be daunting. It’s hard to know where to begin when you’ve got so much going on. Here are four tips to help you upsize with ease!
Weigh Your options: buy or sell first?
Figuring out whether to buy or sell first is a good first step. We typically recommend doing the harder transaction first. It’s also important to evaluate your risk tolerance. There are pros and cons to each side and each situation is unique. Evaluating your own personal situation is key to making the best decision for you.
CONSIDER SELLING LOGISTICS
We want to get top dollar for your current home so your move up is into a palace! What does that mean? Decluttering, cleaning, repairs, painting, staging, etc etc etc. This can seem super daunting, but the purpose is to make you the most amount of money for your current home in the least amount of time. We do this by making your home absolutely shine from top to bottom. We’ve got lots of great recommendations for tradespeople and will help you to collect quotes and figure out the best course of action.
BUDGET
It’s important to have a clear picture of your finances before you start searching for your next home. A larger home means a heftier price tag and with that comes other costs to consider such as home maintenance, property taxes, insurance and utilities.
LOCATION
We’re lucky we live in Toronto with so many great locations to choose from! When upsizing, it’s important to factor in future lifestyle choices. For example, are you considering starting a family soon? Perhaps you factor in walking distance to daycares or elementary schools. Will this new location be OK from a daily commute standpoint? Is there a gym or grocery store close by? Figure out what amenities you need to be close to versus the ones you don’t mind being farther away and think about your future self and what that may look like.
Upsizing can be a great choice for those looking for more space and a beautiful new home that meets their growing needs. By carefully considering the above points, you can make an informed decision that will serve the needs of you and your family for years to come.
