Home Mortgage Brokers Give Advice On Choosing The Right Size House
Taking the leap to buy a new home is an exciting time, but it is also a huge commitment, so you want to make sure to do it right. Before you set off house hunting, it is a good idea to answer a few questions about your future requirements to ensure you are looking at the right size of home.
Home mortgage brokers offer some advice on the questions you can ask to ensure your next move is a good move.
- What Size Will My Family Be In The Next Five To Ten Years?
Buying a new home is a big step, so home mortgage brokers will advise you to analyse how you are expecting your family to grow or shrink over the next five to ten years.
- Are you planning to have children?
- Do you already have all the children you plan to have?
- Are your children already teenagers and will eventually move out?
- Will you need to accommodate aging parents?
Consider all the factors that can influence your accommodation requirements. Remember also that if your budget currently doesn’t stretch to the large home you will need, look for a home with expansion possibilities that you can implement at a later stage.
- How Much Time Does Each Family Member Spend At Home?
Much has changed in how we live and work since 2020, so it is a good idea to evaluate the amount of time each family member will spend at home and how much space they will need. Each person working from home should ideally have a suitable workspace that is separate from your general living spaces.
Home mortgage brokers will tell you that you can get away with a much smaller home if everyone is out and about at school or work for most of the day.
- What Type Of Activities Do You Like To Participate In?
Home mortgage brokers will tell you that lifestyle will also play a part in dictating how much and what type of space you need.
If you like to entertain, you may prioritise a pool, bar, patio or gazebo where guests can feel comfortable. Children need space to roam around a garden or outdoor space. You may want to install a home gym or have extra storage for sports equipment and bikes if there are active people in your home. Consider any specific hobbies or pastimes that will need space.
For more top advice on choosing the right size home for your next move, contact Total Mortgages today. Our expert home mortgage brokers can assist with all your home loan requirements. Contact us for a free, no-obligation chat.