If you have already bought your first property then chances are that you will now be thinking or dreaming about buying a larger one to meet your growing needs, especially if you have children to consider. According to Lloyds the main reason people consider moving up is to purchase a larger property, 63% where as 17% want to move to a new area, with many looking at buying a forever home. With so much importance on getting that second move right here is our guide on what to consider when thinking about moving up:
• Budget – as with most things in life establishing your budget first is a good idea, because if you start looking at properties out of your budget it will only end in disappointment. On top of your house purchase you will also need to think about conveyancing costs, moving costs and a deposit.
• Property - consider what type of property you would like to buy – perhaps a renovation where you can add value or perhaps a brand new home where you won’t have to spend any money. If you are still unsure write a list of pros and cons.
• Bedrooms – think about more than just the amount of bedrooms a property has, consider the living spaces, a downstairs toilet, access in and out of the garden and parking.
• Garden – will the garden meet your needs? If you don’t like gardening it would be unrealistic to take on a huge, manicured garden, however if you have children you might want to make sure that there is enough room for play equipment.
• Size and adaptability – this is really important, think about your growing needs, if you are thinking about starting a family or perhaps your children will need to be in a catchment area of a good school. Perhaps you want to start working from home and need some extra space.
• Schools – if you have children at school age then this will probably be one of your top prioritises. Check out the schools in the area you are thinking of moving to, you can do this by looking at the most recent OFSTED report and visiting the schools to get a feel for them.
• Commuting – if you need to commute to work then you will need to make sure there are good rail and road links to your place of work. Try out the journey time before buying to make sure that you are prepared to the journey time, and hour on the train might not sound like much but doing it every day might take its toll.
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