Beware of Over-Downsizing or Over-Upsizing

Buying a new pair of shoes is relatively easy. Once you find the style
you like, all you need to do is try them on and see if they fit. If they do,
you go to the cash register and pay.
When it comes to size, buying a new home can be trickier! Whether
your intention is to upsize or downsize, figuring out the right size can
be especially challenging.
Say for example, you’re downsizing from a large two-story home to a
smaller bungalow. You don’t want to underestimate the space you need
and end up in a place that feels tight. If you’re going the other way and
upsizing, you don’t want to end up sinking extra money into a property
that’s larger than you really need.
So how do you avoid these scenarios?
One of the best ways is to start by considering your current home. Do
you use all the rooms in your home regularly? Is there a bedroom that’s
rarely occupied? Has the recreation room become simply a storage
area? If you’re downsizing, subtracting rooms you scarcely use can give
you a better idea of what you need in a new home.
Upsizing is a bit more challenging because you have to anticipate what you
will need in the future. For example, if you have young children, and your
place is feeling cramped, then a home with a recreation room or separate
family and living rooms may be a good idea. You may also need a bigger
kitchen with a spacious eating area (in addition to a separate dining room.)
Think about the extra room you’ll need and how you’ll use that space.
When I work with a client, I typically sit down with them and discuss the type
of home they want in detail — and, based on needs and circumstance, I
make expert recommendations. Bottom line, I help clients find the perfect fit
in a new home. Contact me if you’d like to learn more.

Want more tips? Contact The Dion-Ivans Real Estate Team today!!

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.