When the time comes, selling your first home and moving up to something bigger can help you enjoy more space, comfort, and lifestyle opportunities.
While there are plenty of advantages, transitioning to a larger home requires careful planning – especially when it comes to selling your current home and maximizing your buying power.
As Calgary real estate agents, we’ve helped countless clients upgrade their homes to something that suits their changing needs. In this blog, we’ll touch on important details to help you navigate the upsizing process.
Looking for advice about maximizing the sale of your Calgary home? Click here to read about attracting young home buyers who are eager to make competitive offers.
Assess Your Needs
Building out a strategic plan for your upsize starts with analyzing your motivators for moving in the first place. Before diving into the upsizing process, take a moment to assess your intentions and reasons for moving.
Whether your family is growing, you’re looking for a change in scenery or lifestyle, or something else, you’ll want to define what your ideal future home will look like before heading to the market. Consider how much space you require, the number of bedrooms and bathrooms, any must-have features or amenities, and the ideal location.
In addition to thinking about how your next home can meet your needs in the immediate future, it helps to plan for the long term.
For instance, if one of the primary reasons for your upsize is to accommodate the changing needs of your family, you may want to consider how those needs could evolve down the line – i.e. will you add another member to your family? Do any of your kids anticipate moving away for university?
Hoping to sell for top dollar? Explore these blog posts for tips on how to boost your home’s value before selling.
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Have a Strong Financial Plan
Climbing the property ladder to a more spacious and comfortable home is no small achievement. However, it’s important to be aware of the financial implications that may come with a larger home. In addition to a more substantial price tag, your new home will also have greater carrying costs too.
While leveraging the equity of your existing home can help you account for some of the costs of your future home, you’ll want to have a strong financial plan in place before you head to the market.
Our Best Tip: Work With a Local Agent
Moving up to a bigger home (typically) involves two real estate transactions – the sale of your current home and the purchase of your next one. When it comes to navigating this intricate process, a skilled real estate agent can be your greatest asset.
Not only can a great Realtor help you maximize your sale in order to land a larger home that meets your needs well into the future, but they’ll also help you venture the market with as little stress as possible.
That said, you’ll want to choose wisely when it comes to finding the right agent – especially in Calgary. Our city’s market is always changing with shifting demographics and economic factors continuously impact our real estate. With that in mind, you’ll want to partner with a professional who has several years of experience in Calgary specifically.
Searching for more information about upsizing in Calgary? You may find these other posts from our blog helpful.
- Best Calgary Neighbourhoods For Young Professionals
- Do Open Houses Sell Homes?
- How Does Selling a Luxury Home Differ?
Dolce Real Estate Group’s Buying & Selling Services
At Dolce Real Estate Group, we’ve spent more than a decade helping Calgarians exceed their real estate dreams – and we can do the same for you. Our locally-leading buying and selling strategies have proven effective throughout all kinds of market fluctuations and industry changes.
In addition to ensuring you get the greatest possible return on the sale of your current home, we’ll leave no stone unturned in helping you source and purchase the perfect space for your family’s next chapter.
Navigating the market can be stressful, that’s why we provide gold-standard service from start to finish. Throughout the buying and selling processes, we’ll keep you feeling educated and informed so that you feel confident about your decisions. Our services are personally tailored to you. After an in-depth conversation about your real estate ambitions, we’ll build a bespoke roadmap to help you find success.
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