A Guide to Upsizing Your Home

Key Takeaways

  • Before you start looking, work out your budget and consider the full cost of moving
  • Think carefully about the space you actually need, rather than simply looking for the biggest home you can afford
  • If you already own a property, schemes such as part exchange and assisted move can make moving into a new home simpler
  • A new build can give you more space, modern design and energy-efficient features, without the work that can come with an older property

Sky-House Co
 

Is it time to upsize your home?

For many people, upsizing the home is often a natural step in homeownership as people move through different phases of life. Your family may have expanded, you frequently host guests, or you’re just looking for more space to live comfortably.

Upsizing can be an incredibly exciting step, but it doesn’t come without its challenges. The home buying journey is often long, occasionally frustrating and a huge financial decision. At Sky-House, we completely understand the energy and time that goes into moving home and know that it can feel like a lot to organise. This dedicated buying guide helps you decide whether upsizing is right for you and how to move forward.

Sky-House Co
 

Reasons to move into a bigger home

Moving into a bigger home is just as simple as any other reason to buy a house, and there are many reasons why people choose to upsize. This may be because they require a certain number of rooms, a bigger kitchen or perhaps a larger garden.

Taking the time to assess your future needs can be incredibly useful, rather than moving into a bigger home if it’s not necessary and beyond your budget.

What costs should be considered when upsizing?

Before committing to the process, it’s important to understand what you can comfortably afford within your budget. When upsizing, it’s likely your mortgage will increase, as will monthly outgoings and additional fees that you may not have needed to pay before, especially if you were a first-time buyer. Some of the costs associated with buying and selling include:

  • Your new mortgage and repayments
  • Estate agent fees, if selling your current home
  • Solicitor and conveyancing fees
  • Stamp Duty, depending on the property value
  • Removal costs
  • Surveys and other associated costs
  • Any work needed on your current home before selling

Utilising a mortgage, affordability and stamp duty calculator can give you super useful insight into any potential costs you may need to factor in. It’s still always wise to speak to a reputable mortgage advisor in order to understand realistic budgets based on your personal circumstances.

Sky-House Co
 

Think about where you want to live

Upsizing to a bigger home doesn’t mean you need to relocate from the area you love, but for many it can mean moving to a new neighbourhood. Think about your commute, schools, local amenities, green spaces, transport links and the general community; considering how the location affects everyone in the family can help narrow your search.

Additionally, moving into an older home can sometimes end up being more costly. Older homes are more prone to needing additional repairs, especially if something suddenly flags on your house survey or the boiler breaks down after moving in. New build homes come with their benefits, and most have a warranty in place that provides additional security if something were to arise. They can also be found more cost-effective than older properties, with sustainable integrations and several new build schemes on the market.

Sky-House Co
 

What are some of the challenges of moving to a bigger home?

Moving home is a fun and momentous occasion, but can come with several difficulties, which can include:

  • Greater financial pressure, often to a higher value and additional moving costs
  • The requirements behind selling your existing home
  • Long chains which can lead to delays or breakdown in the sale
  • Costly and time-consuming maintenance and repairs
  • How the move will impact your personal life and the emotional attachment
  • Changes to the housing market making a bigger house more expensive

Sky-House Co
 

Looking at the benefits of a new build home

Upsizing your home doesn’t need to be so complex, and many are looking for ways to purchase a home that eliminates a lot of the constraints home buyers typically face.

Purchasing a new build property allows you to move into a home without lengthy chains and with support from the developer. New builds are often designed for modern living, with contemporary layouts, sustainable integrations, new fixtures and fittings and less immediate maintenance to worry about. Many new builds come with customisable options and neighbourhoods centred around community, alongside new build schemes that make purchasing even easier.

Sky-House Co
 

 How Sky-House can help you move

At Sky-House, we create sustainable, community-driven homes across beautiful areas of South Yorkshire. We have incredible new build schemes designed to support home buyers and ensure you find the perfect home.



Ways to buy with Sky-House
Part exchange - Sky House Co.

Part exchange

Part exchange offers a simple way to sell your home without having to find a buyer. We purchase your home directly, eliminating estate agent fees and reducing delays from property chains. You can even stay in your existing home until your new Sky-House home is ready.

Assisted move - Sky House Co.

Assisted move

For those looking to sell on the open market, the assisted move scheme is the perfect option. The scheme helps sell your existing property by providing expert valuations and covering estate agent fees, so you can focus on your new Sky-House home instead.