Your home's size often correlates with the season of life you are in. (Photo: Nan Palmero, Flickr)
Life has many seasons, and with major changes in season sometimes come the need for big changes in your housing situation. As a Chattanooga Realtor for almost 20 years, more than half the phone calls I receive are from clients looking to upsize or downsize their lifestyles.Their most frequently asked question? When and how is the best way to do it.
Here are some key factors to consider:
UpsizingIf your family can no longer fit comfortably in your current home, upsizing is the logical next step. Being crammed into a space that doesn't accommodate everyone's needs is a recipe for discomfort and unhappiness.
But upsizing brings with it things to keep in mind. For example, you may love North Chattanooga, but if your two-bedroom, one-bath home there is at the top end of your budget, you're going to have to look at other areas of town to get more square footage. This, naturally, leads to research you should conduct on home values, property taxes, schools performance and more.
Another thing to remember is thatin addition to a mortgage or rent payment that is ...