The new year is the perfect time to decide whether to upgrade or downsize your home. Here’s how to determine what the new year has in store for you! 

Evaluate Your Needs

Making the move to a new home is a huge decision that shouldn’t be taken lightly! Whether you’re choosing to upgrade or downsize, it’s important to evaluate your needs. Do you plan to be in this new home for 3, 5, 10 or more years? Depending on your age and family situation, you may need to think about different needs than you did in your previous home.

For example, if you’re a growing family, think about upgrading to a home with more bedrooms, bathrooms, and a bigger yard. If you’re an empty-nester or living alone, it might be time to downsize to a smaller and more cost-efficient space. 

It’s also very important to consider your preferences when it comes to features and nearby amenities. Do you need schools for your children or parks for your pet in the neighborhood? Do you want to be near the hustle and bustle of the city, or close to the peace and quiet of more remote areas? 

Look at Your Space 

After evaluating your needs, be realistic with yourself about the space you currently have in your home. Most people move because they need more space, but do they really? Assess how much space you actually need and where you need it. This way, you’ll be confident about exactly what you’re looking for as you search for your new house. 

Other Important Factors

If you’re considering transitioning from a home you’ve purchased, it’s essential to factor in the length of time your home might be on the market before it sells. This will help to prevent getting stuck financially as you wait for your home to sell. 

Choosing to downsize your home typically means you’ll have to downsize many of your possessions to fit into your new space. Instead of looking at this as a negative thing, see it as a chance to make a fresh start and keep only the things you love! 

At Gateway Realty of North Platte, our dedicated team is ready to help you find the house that’s right for you. Give us a call at (308) 532-1810 or visit our website to take a look at our current listings.