Before you become a feature on “Hoarders: Buried Alive,” there are usually a few tell-tale signs you need a larger home. Whether you're tripping over your stuff or your family, or you just want to put that recent raise to good use, a bigger home may be the solution you need.
Addictions to Home Shopping Network notwithstanding, it's natural for homeowners to accumulate things as the years go by. Sadly, your home doesn't usually grow even though your collection of stuff does. If you've maximized every inch of your home and filled a storage unit or two, and you still don't have enough space, it's definitely time to look for a bigger home.
Small, one bedroom starter homes are great for singles and young couples, but they're not so terrific for a growing family. Plenty of life changes require a larger home, from a new baby to growing kids who need their own rooms. If you're starting to feel like a sardine packed in tightly, you're ready for a larger place.
You've grabbed that new promotion and a nice bump in salary to go with it, and you want your home to reflect your new status. With a bigger home you have more room to entertain and extra space for a private home office, expansive walk-in closet, and an ultra-glam wine cellar. For some professions, image is everything, and a grander home makes a heck of a statement.
A profit-minded homeowner can cash in by buying a larger home with room for a separate apartment to rent out. If you're looking for extra income, buying a roomier home can give you rental income, off-set mortgage costs, and add a nice cushion to your savings.
While it's admirable to make the most of the space you have, there are dozens of advantages to a bigger home. You just have to pay attention to the signs that it's time for an upgrade.