5 Signs You Need to Upgrade Your House in Houston
Reviewed by Mark Lee
Starter homes are just that, an excellent place for new homeowners and homebuyers to get a start in home ownership.
These are usually smaller, more affordable homes and may require renovation or light home improvements.
Wise real estate investors know that homeownership can include selling and buying multiple homes in a lifetime.
Some common triggers usually set the chain of events into motion that propels an informed maneuver.
These triggers may be personal circumstances changing or economic growth in the Houston housing market bringing on the next phase in homeownership your first move upward!
Regrettably, many people fear making the wrong move and continue to live out their lives in less than ultimate conditions.
Five signs you need to upgrade your house in Houston.
Getting Crowded
Understanding your starter home’s living conditions aren’t forever can make it more bearable to live with the inherent inconveniences of close living quarters and a general lack of storage, to name a few.
However, if your first home has become too small for your growing family, this is a significant sign you need to upgrade your house in Houston.
Due to the ever-growing numbers of people working from home, the need for additional space to create a home office (or even a small home gym) is crowding families into fewer bedrooms.
If your existing floor plans don’t offer an open floor plan or open-concept living, squeezing everything into your starter home can be not only uncomfortable but also extremely stressful on interpersonal relationships.
Moving into a Houston home that better conforms to your family provides the opportunity to improve day-to-day living and host family gatherings with more outdoor spaces.
Significant Value Increase
Understanding the value of real estate’s location is imperative to achieving the best possible market value/home value at any given time.
After all, the ultimate goal for your investment dollar is earning the highest possible return on investment.
By investigating and buying your starter home in the best area possible within your budget, the payoff can be substantial, depending on shifts in market conditions.
If demand has pushed property value higher and your equity has grown, that’s a strong signal it may be time to upgrade your house in Houston.
Opportunity doesn’t always knock twice, so why not strike while the iron is hot and sell your starter home to potential buyers, using the equity you’ve patiently built over the years to buy a bigger and better house perhaps in a planned community in the Houston area (think neighborhoods like Sugar Land) that better fits your lifestyle.
Current Low Rates
Have you noticed favorable mortgage conditions and started to compare loans being offered by different lenders right now?
Or maybe you have been checking the MLS for recent sales near your property, searching for comparable prices and how they affect your expected sale price.
Because savvy homeowners look ahead, researching the Houston real estate market and tracking Market Conditions becomes second nature.
If you catch yourself following this train of thought, it’s a sure sign you’re ready to upgrade your house in Houston.
Remember, he who hesitates is lost the best time can be when affordability, demand, and your equity align.
Upgrades Looming
Many homeowners, attempting to avoid the hassle of selling and moving, make significant repairs or home remodel projects to make the home more livable.
Perhaps you continue to imagine how you would knock out walls, change home design, swap flooring materials, update light fixtures, or add rooms for your starter home to better conform to the new demands you have from home.
If you’re also facing growing energy bills, aging HVAC systems, or you want better Energy Efficiency and curb-appeal updates (fresh paint, landscaping), these are signs you need to upgrade your house in Houston.
You can leave your starter home behind for a new owner to begin their homeownership journey.
At the same time, you can move onward and upward into a more contemporary home that already has the amenities you seek without the risk of hidden wear and tear, water damage, or rising utility bills.
Found a Dream Home
While you may not have been in the market for a new home, happening upon your best home and learning that it is available can be quite exciting.
Maybe you simply find your thoughts returning again and again to the perfect house, which is not your starter home any longer.
Should you find yourself unable to think about anything else, this is a definite sign you need to upgrade your house in Houston.
If your income has increased significantly since initially purchasing your starter home, making the upgrade makes even more sense especially if the move improves quality of life (safer planned community, better security systems, or lower HOA fees/property taxes trade-offs).
In Houston’s Gulf Coast region, factoring flood insurance and location outside a higher-risk zone can also play into the decision.
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