Should You Buy a Bigger Home?Start by making a list of the features you need and want in your bigger home such as extra bathrooms, space for a backyard pool and barbeque pit, in-law suite, etc. Once you figure out what functionality your new home will provide, it will help you narrow down the list of potential homes and keep you on track as you shop around.
How Much Home can you Afford?
Check with a realtor to find out what your current home would sell for. Our Home Evaluation Comparative Market Analysis will compare your home to others in the same neighbourhood with similar features and give you the value you can sell for today.
Next, speak to your lender and get a pre-approval to see what range of purchase prices your budget can best support. Do not live “house poor” where you are making just enough to pay off your mortgage when upsizing your home but are unable to enjoy the comforts of life you have become used to.