You bought your house five years ago thinking that this would be a great first time buy. As a couple, you could enjoy building your lives together and think about starting a family. Five years and two kids later and the house is bursting at the seams with toys, baby-grows, and bottles not to mention your husband. Every logical thought is telling you that you should consider moving up the property ladder. You are pretty sure that you have added value to the property and can receive a chunky profit towards your next property from the proceeds of any house sale. But you adore your home and the thought of leaving makes you want to burst into tears. You never thought you could get so attached to bricks and mortar.
It’s time to start thinking a little bit outside of the box. Just because you’re house is seemingly too small for you, why not consider making it bigger? This means adding an extension either upwards or outwards. Do you have space in your garden to accommodate the luxury kitchen diner that you have always dreamed of? Could you venture into the loft to create a stunning new master suite complete with en suite? The possibilities may be endless.
Take your ideas to an architect or builder and ask him to draw up some plans. Think carefully about your requirements. What is it that you would love as a family to give you the extra space that you crave? Kitchens and bathrooms always add money to properties, so these are generally a good place to start.
The old adage that you need to spend money to make money has never been more true than when it comes to property. If you can make the payments comfortably, you may want to consider a homeowner loan. This means that you can work out how much the renovation will cost, have this as your budget and you won’t have to scrimp on the finish, ensuring that you add value to your home.
The cost of moving is also another factor consider. Once you tot up solicitor’s fees, stamp duty, the cost of removals and the mortgage set up fee, the cost of moving can run into the thousands. Wouldn’t that money be better spent enhancing the home that you and your family already adore? You love the area, you’ve made lifelong friends and you are settled.
As the kids grow up, you will have plenty of space to add to the many happy memories that you have already created in your family space. You never thought that the first house you bought would end up being your forever home, but with a little bit of imagination and innovative thinking, you will be able to design your dream living space. So why not put your metaphorical hard hat on today and view your home from the perspective of an architect, builder, and designer and strive to get the space and the home that you and your family need.