Buying Bigger – What Are Your Options?

by Magical Penny on August 7, 2017

stamp duty change 2016We all have dreams and aspirations, but life will often get in the way of making them come true. But sometimes life forces your hand in a more positive way. You find you need more space, and you’ve finally got the opportunity to shop around for that elusive dream home you’ve always hoped for. So what are your options now?

Bigger Rooms

If you have more members of the family on the way, you might need bigger rooms. Open plan living areas certainly make everything a little less claustrophobic when you’re all together. Of course, it works the other way too. If you have lots of people around, you might need a bigger home office, or a bigger bedroom to satisfy your need for escape! Let’s not forget our outdoor rooms – gardens and outside dining spaces are ideal for large families. This may mean you have to look for properties in the suburbs or rural areas to find that space.

More Rooms

As well as a larger scale of property, you might need more rooms to satisfy all of your hobbies, interests, and other requirements. Playrooms, music rooms, dens and home offices are common requirements these days. Then everyone wants their own bedroom, all with ensuite! Properties like this are easy to find if you put yourself in the right price bracket. You may need a high value mortgage to cover the asking price so consider how far you’re willing to go. Plentiful rooms come with traditional townhouses on multiple levels. These are quite common in the city.

house mortgage UKBigger Footprint

Of course, you don’t have to go up to get a bigger property. Many barn conversions are spread over a wide plot. Be wary though, because not all of them come with ownership of the beautiful countryside around them! Building your own on a sizeable plot can also give you plenty of options regarding layout and size. If built to a good budget, it could be quite the investment opportunity. Single storey living is still really popular. It’s ideal if you’re hoping to stay in that house for the rest of your lives. Still, you can find large properties that have a second or even third floor.

 

Multi-properties

Many families have resigned to the fact that caring for the older generation at home will be a necessity. Purchasing a property that has a second self-contained property on the same site can be an ideal solution. This gives your senior family members the space and privacy they need for independent living. It keeps the kids out, but means you can be there in an instant if necessary. You can choose to enjoy meals together or have a quiet evening separately.

 

It buys you an enormous amount of choice. You can also choose to rent that space out as a long-term or holiday let if you prefer. And who wouldn’t love to give their young grown-up kids a chance at independent living rent free?

Everybody’s dreams are different, and our futures will be different too. If you’re ready to size up what will you make you make the move? Ultimately, this is an investment so make it work for you.

 

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