With Cleveland area homebuyers looking for a change this fall, it’s not just about the price of the home or the location— it’s about the right size of home. If you live in a larger home now and your kids have recently moved out, you might wonder if you should downsize. On the other hand, if your family is growing, it could be time to upgrade.
Homes are being built rapidly all across the country, but in Medina and Cuyahoga County real estate, here’s how you can tell which home is right for you:
You want a bigger home, but not a bigger mortgage
If you’re dreaming of a larger home, but cannot afford to take on the large mortgage that comes along with it— this is usually one sign that you’re not yet ready to move up. However, you must also keep in mind that a smaller home with more amenities or in a desirable neighborhood might come with a mortgage payment not too far off from that larger home. Use a mortgage calculator to determine if that larger home is worth the extra amount of money it will cost you.
You want to stay in the area for a while
When you know where you’d like your roots to grow—in Brunswick, Medina, Strongsville, Hinckley or Valley City— you can determine the right investment in a home. Investing in a home with more square footage now could save you from purchasing a home later on with higher mortgage rates and higher housing prices.
You don’t want to maintain too much
A larger home in Medina or Cuyahoga County can come with more space to maintain, from the home itself to the yard and landscaping. If maintenance is not your forte or not something you want to handle, a larger home may not be for you. Look for a home with less to keep up or in a homeowner’s association that will handle that for you.
BOLD Real Estate Consultants can help you decide which size of home is right for you and introduce you to those that are available now. Contact us today to get started!
Sajag Patel
BOLD Real Estate Consultants
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