Tag Archives: value

House Buying Considerations: Is Bigger Always Better?

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House Buying Considerations: Is Bigger Always Better?

When it comes to choosing a home, most of us want one thing arguably above all other considerations: space. There’s an inherent association between a property being nice and a property being large; an association so strong that many of us struggle to see smaller homes as particularly attractive at all. However, it’s worth considering whether large homes are actually all that we imagine them to be. So let’s try and settle this once and for all: when it comes to homes, is size always important?

YES: Large houses are more aesthetically pleasing

As discussed above, for some people, size is everything when it comes to aesthetics. If you want a good looking home, then bigger most definitely is better in most people’s eyes. If you are of the same opinion, then it’s worth remembering that you will have to live with, and make the most of, the property you choose. You have to love it, so if you don’t think you could truly love a smaller house, then this alone may be a significant enough factor to justify choosing a larger property.

NO: The larger a house is, the more there is to clean and maintain

As attractive as a large home may be, there’s no denying that the larger the space, the more time you’re going to have to spend caring for it. More rooms means more cleaning; large yards means more gardening chores – if you’re not a fan of these and other maintenance tasks as listed on https://www.nytimes.com/, then bigger might be rather unpleasant for you.

YES: Big houses can be downsized if required, so they’re more flexible

Some would argue that big houses have a huge amount of flexibility. If you find that you don’t need a large house, then you can always follow the guide to downsizing on https://wrenrealtyinc.com and sell your property. You can then use the proceeds of the sale to buy a smaller house; potentially even outright.

In contrast, if you opt to buy a smaller home and then realize you need more space, you’re not going to have the same level of flexibility. While you could use your smaller house as equity towards a larger purchase in the future, you’re still going to need to obtain a much larger mortgage to meet the cost difference.

Few of us think far in the future when buying a home; we think about satisfying our needs and requirements for the immediate future. However, thinking a few decades down the line is an important aspect of securing your financial future, so the downsize/upsize issue is one that you will want to consider.

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NO: Large houses are more expensive in every regard

If you want to keep your finances under control, then a larger house is not going to help you towards the goal. Larger houses have higher purchase prices, expenses, tax requirements, maintenance costs… the list goes on and on. If you’re budget-conscious to the point where the costs are your only consideration when purchasing a home, it’s safe to say that bigger is most definitely not better.

YES: Large houses are more valuable

This point almost goes without saying, but it is worth noting if you’re intending to purchase your next home as part of an investment in your future. The more square footage a house has, the more potential value it is able to offer. This may be enough of a factor for it to make it worth living with higher maintenance costs, as the potential investment return is more substantial in the future.

NO: Large houses are often targeted by burglars

It’s obvious why this would be the case; it’s a simple assumption that the level of affluence that allows someone to buy a large house should also mean that they have more possessions worth stealing. Of course, there are ways of protecting your home, and modern home security innovations make this easier than ever. However, it is nevertheless worth considering the potential for enhanced risk of burglary before buying a large house.

Final Thoughts:

As you can see from the above, there are arguments both for and against large houses – so how can you know which is the right decision for you?

  • Which of the facts about is the most compelling to you personally? If you are especially concerned with aesthetics, then a larger house might be the best choice. If you’re more focused on saving money, then a smaller house is more suitable. Focusing on the aspect that is most important to you should help you make the correct decision.
  • Apply subjectivity to your personal situation. For example, if you plan to have children soon, buying a house with more bedrooms than you need right now is justifiable.
  • Ensure that you consider your needs for the current period in your life, but try to keep one eye on the future, as well. Property is an important purchase, so you have to try and think many years into the future. While it’s impossible to predict how things will pan out for you entirely, having some inclination of how you would like your life to progress can be extremely beneficial when making the size decision.

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Which size of house is right for you?

By combining your personal experience with the inherent truths listed above, you should be able to come to a house size conclusion that is well-informed and tailored specifically to your needs. Good luck!

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How to Add Value to your House Without Having to Remortgage

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How to Add Value to your House Without Having to Remortgage

We all know the importance of taking pride in our homes. We work hard to keep our dwellings spick and span and looking its best. We constantly strive to make sure they are cozy, comfortable, and a happy place for our families. But, sometimes we need to really up our game and whip our houses into shape with some serious elbow grease. However, that can be easier said than done as it can be tough to know where to start.

So whether you’re looking to add value to your house because you’re wanting to sell or whether you’re just looking for the best ways to really make the most out of your home, here are our simple tips on how to do just that:

Start From the Top: Looking at our attics as a potential area for extending our living space is one of the top ways to add significant value to our homes. If you think your property would benefit from an extra bedroom or if you think that your home needs an amazing game room, your attic could be just the ticket. Get a builder to take a look at your attic and see what possibilities are open to you. Although attic conversions take money and time, the return on the investment is usually really high. A £15,000 attic conversion, can add an extra £30,000 to the value of your house, so it’s well worth considering. Or if you’re staying put and just looking for extra room for your family, this really is the best part of your house to consider opening up.

Extend Into Your Garden: Extending your property into your garden is another great way that you can expand your living space and subsequently add value to your home. Be cautious when taking on conservatory projects, however, as sometimes they can look like an afterthought. An extra unit just bolted onto the side of your home doesn’t look so attractive. Work closely with an experienced builder to see how your conservatory can create a natural flow from your internal home and out into your outdoor world.

Make sure that the style fits well with the existing decor of your house and consider putting the same flooring down from the connecting room so that you give off that natural flow. A conservatory can cost as little as £4,000 and can add as much as 9% to the value of your home so, again, this option is well worth looking into.

A Lick of Paint Works Wonders: There’s nothing that drags down the overall appearance of a home more than dull, tired, and old paint work. Look at the paint both internally and externally on your house and get to work. This is a job that you can take on yourself, but to make it as easy as possible for you, you should consider investing in a paint spray machine. It will quarter the amount of time that you spend painting and provides really even coverage. Try shopping around for the best paint spray machines at Tool Nerds.

Before rolling those sleeves up and going in, all paint guns blazing, take some time to consider the most attractive colors for your home. Think of how to cleverly mix neutral with statement colors and plan each individual room and living space accordingly.

When considering the outside of your home, you will need to look at the bigger picture. Look at the houses on either side of you and along your street. Look at the general color palette on the street and think about a color for your house that would not only make it look fantastic, but will also compliment the colors of your neighbors’ home. This will not only give your home an instant facelift, but it will also help make your street look more desirable in general.

Windows are the Soul to Your Home: Windows can be so easily overlooked when sprucing up and renovating homes. Whatever plans you may have for your windows, make sure that they are cohesive with the age and style of your house. Replacing old, tatty, and even moldy or rotting windows will instantly lift the look of your home and provide some much needed sunlight and fresh air into your quarters.

First Impression: The smaller details are just as important as the big when it comes to adding value to our homes. Dingy, faded, and old front doors are certainly not the first impression that you want to give off to any potential buyers or guests coming to your home for the first time. Make sure that you get your new paint spray machine out on your front door, too. Once you’ve painted your front door and it’s looking shiny and new, think about elements such as doorknobs and the sign to your house (if you have one) or your house number.

Look into solid, decadent looking doorknobs and stainless steel house numbers to really have your front door looking in tip top condition. These little extras are incredibly affordable and can make all of the difference to visitors getting excited about stepping inside of your much-loved home.

The Hall: The hall is your second opportunity to make a lasting first impression. Keeping the kids’ shoes stored away and all coats and scarves neatly hidden out of site is the first thing that must be done. Then, take a look around the space. How can you improve the overall feel and style of your hallway so that people instantly feel warm, welcome, and inspired by your home? It all starts with mirrors and lighting.

Hanging mirrors on the wall will open up small hallways and give the impression that they are larger than they are. Natural light will also give off a feeling of spaciousness. For evening lighting think of low, mood lighting that will create a soothing and calming ambience to the entrance of your home. Avoid harsh overhead lighting and invest in interesting lamps or low-lit floor lights for a warm and inviting atmosphere that beckons visitors into the heart of your home.

Ready, get set, and get to work on making your home look brand new and beautiful!

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