In Australia, the average length of home ownership is 11.3 years. So, you’re not alone if what was your dream home 10 years ago, now feels like it doesn’t quite suit your lifestyle, or your family.
Here’s 8 reasons that now could be the right time for UPSIZING YOUR HOME!
1. You're expecting a baby
Whilst babies are small, the impact they have on your life is huge – so too is the amount of extra ‘things’ babies require. From prams and cots, to highchairs, change tables, nappies and clothing. Whether it’s your first baby or your second or third, each new addition requires space that your current home may not provide.
The Naturaliste by Redink Homes - Brabham Display Village
2. Your kids are approaching the teenage years
As school aged children approach their secondary years, they will become more interested in having their own space. Whether it be the need for an additional living room, larger bedrooms or an outdoor area (maybe with a swimming pool?!) to support their social life – creating the right environment for your teens can benefit the whole family!
3. You’ve started working from home more.
According to the Australian Bureau of Statistics (ABS), more than 40 per cent of employed people are regularly working from home. Setting up a makeshift workstation on the kitchen bench or dining room table can lead to messy spaces, as well as the feeling of never ‘leaving’ work. If you’re regularly working from home but there’s no extra bedroom to convert to an office, you might be ready for a new home with a dedicated study or work space.
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4. Your parents are ageing
Another reason to upsize your home is if your parents will soon be moving in with you and your familyYou’ll want to consider not just more bedrooms, but also other facilities such as a bathroom, living space or even patio or garden area so that everyone has their own space and are comfortable with the new living conditions.
Vermont 29 by Porter Davis Homes - Newhaven Tarneit Display Village
5. Your home feels cluttered
If you look around, and all you can see is mess and clutter, this could be a sign that you need a bigger home. As life goes on, we tend to accumulate more items – furniture, artwork, ornaments and practical everyday items that all need a place. An upgraded home can help you find a place for your treasured possessions and return a sense of calm and order to your home.
6. Your lifestyle has changed
Have you discovered a new passion or hobby that’s getting serious, or a plan to run a business from home? Your current home may not have enough room or the right configuration of rooms, for you to make your dreams a reality. Your home should enhance and support your lifestyle and the way you want to spend your days. Maybe this means an extra room to turn into a home gym or a bigger backyard to start a veggie patch..
7. You're getting a furry friend
Whether you're building or buying your first home, there's a lot to learn. Luckily, Peet has created a 5-Step First Home Buyers Toolkit packed with all the tools you need to navigate your first home buying journey, wrapped up into a comprehensive, and easy-to-follow 5-step toolkit. Start your journey to home ownership today - download the toolkit below:
8. Your financial situation allows
Whether you're building or buying your first home, there's a lot to learn. Luckily, Peet has created a 5-Step First Home Buyers Toolkit packed with all the tools you need to navigate your first home buying journey, wrapped up into a comprehensive, and easy-to-follow 5-step toolkit. Start your journey to home ownership today - download the toolkit below:
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