Planning Your Upsize: Setting Goals and Priorities
Upsizing is an exciting opportunity, but it requires careful planning to ensure success. At Moreland Estate Agents, we believe that a clear strategy is the foundation of any successful move. In this blog, we’ll guide you through the essential steps to setting your goals and priorities for upsizing.
Identify Your Needs
Before jumping into the property market, take time to evaluate your current situation. Ask yourself:
- How much space do you need? Are extra bedrooms, a larger garden, or an open-plan living area priorities?
- What features are essential? Consider storage, parking, or energy efficiency.
- Why are you upsizing? Understanding your motivations—whether it’s family growth, work-from-home needs, or a lifestyle upgrade—will keep your goals clear.
Set a Realistic Budget
Upsizing comes with costs beyond the purchase price of your new home. Factor in:
- Selling Costs: Fees for estate agents, legal services, and potential repairs to your current property.
- Buying Costs: Stamp duty, surveys, and moving expenses.
- Running Costs: Larger homes often mean higher utility bills and maintenance costs.
A detailed budget will help you determine what you can afford without overextending.
Research Ideal Locations
Location is just as important as the property itself. Consider:
- Proximity to work, schools, and amenities.
- The type of neighbourhood that suits your lifestyle—quiet suburban streets or bustling urban areas?
- Future potential: Is the area likely to grow in value?
With Moreland Estate Agents’ local expertise, you’ll gain insights into the best neighbourhoods to suit your needs.
Prioritise and Stay Flexible
You may not find a property that ticks every box, so identify your non-negotiables versus nice-to-haves. For example, a home office might be essential, while a large garden might be a bonus.
Partner with Experts
Planning to upsize involves juggling many moving parts. A trusted estate agent like Moreland can streamline the process by providing:
- Accurate property valuations.
- Access to off-market opportunities.
- Skilled negotiation to secure the best deal.
At Moreland Estate Agents, we’re here to help you plan your upsizing journey. Contact us today to turn your goals into reality.
