When you surpass your beginner’s home and start looking longingly at the list of local real estate it’s time to consider buying a family home. Maybe your family has grown with the addition of children and pets or maybe you just have lots of stuff, whatever your reason, when it comes time to upgrade, you can rely on the advice of an experienced real estate agent to help you buy a family House.
Many people compromised when they bought their first home because of the difficulty of getting a leg on the first step of the property. The first house is often a condominium, townhouse or small single-family home. After a few years (and often only according to your needs), you will find that the equity you get in your first home can make you a bigger family home which is a better fit for your growing family.
Increased buyers often see single-family homes;
They offer more privacy (fewer worries about babies screaming to keep the neighbors awake!) and space. You might enjoy a nice big yard for kids to play with, your pet to run around in and maybe even a vegetable garden to finance the cost of groceries. What about the environment? Wouldn’t it be better to enter the area where you are:
- A Close to the facilities that you use often (parks, shopping centers, shopping, etc.);
- A Have a quick trip to your work, and
- Is the school catchment area good?
You can get there – use equity from your first home
You will definitely face several challenges along the way, obviously, you need to sell your house and realize enough funds to be able to buy the upgrade. Sometimes the biggest challenge lies in managing your time so that you don’t become temporary homeless or the owner of two proud houses (and two mortgages!).
Buying a family home before selling the starter one
There are many horror stories about people who get into difficult situations by falling in love and buying a family home before selling their starter home. Your realtor may suggest that this action unless you can comfortably carry both mortgages, can be very stressful and cause you to have to accept low bids in your home to avoid the burden of crushing debt. If you find the perfect family home before you sell a beginner’s house, go ahead and make an offer on it, make it depend on the sale of your home, this general tactic is quite acceptable in all except the hottest real estate market.
Improving a house
Buying a family home or improving a house is very different from buying a beginner’s house, with a unique set of challenges, but with the help of an experienced realtor, you will be able to successfully negotiate a new chapter of your real estate experience. With a professional guide, you can sell your house at a reasonable price, within a reasonable period of time, and find and buy your new family home.
