Wednesday, July 10, 2019

Is It Time to Upsize or Downsize Your North Shore Home?


If you are a current North Shore homeowner or renter, now may be the time to consider if your living space is suitable for your current and future needs. This summer is a great time to sell your North Shore home, as buyer demand is high and prices have continued to increase at a steady rate. It’s also a great time to buy again after you sell, because mortgage rates have remained low!

As your North Shore real estate agent, I understand that homeowners and renters sometimes have to move, even if they love their home, so that it better fits their needs. If you’re considering a relocation in Glencoe, Winnetka, Highland Park, Deerfield, Northbrook, Lake Forest, Wilmette, Evanston, Glenview, Riverwoods, Bannockburn, and other North Shore communities, now is the time to contact me and get started!

If you’re not sure if you need to upsize or downsize your home, here are some questions to ask:

1.  Is there enough space for you? If you have a growing family, you may have started to notice that your kids are outgrowing their shared bedrooms, or that the kitchen or dining space feels crammed at mealtime.  If your family is continuing to grow, your North Shore home may need to grow, too.

2.  Is there too much space for you? On the other hand, perhaps you are retired or will soon be retiring, and your adult children have moved out. Your home is bigger than you know what to do with. If the stairs are becoming a nuisance, or the cleaning seems endless, it may be time to downsize.

3.  Is the yard too big or small? Buyers are seeking outdoor space, so if you have a growing family, with either kids or pets, you may be wanting a larger yard to enjoy. If you’re thinking of downsizing, keeping up with the mowing and gardening in your large yard might feel like too much work now.

4.  Could you use a location improvement? If you are growing your family, you may be seeking a new location with a more family-friendly neighborhood, community amenities, safety and better schools. If downsizing, you may be seeking a location closer to family or in walking distance to restaurants, stores or public transportation.

5.  Has your financial situation changed? If you recently got a better paying job or a promotion, you may be ready to move up to a bigger, better home. If you recently lost a job or had an unforeseen expense arise, or you’re retiring and want to do some traveling, you may be wanting to lower your mortgage.

Our needs are constantly changing in life, so it’s only normal for our real estate needs to change as well! If you think you might be ready to upsize or downsize your North Shore home soon, give me a call. As your North Shore real estate agent, I can answer your questions, help you sell, and help you find a home in Glencoe, Winnetka, Highland Park, Deerfield, Northbrook, Lake Forest, Wilmette, Evanston, Glenview, Riverwoods, Bannockburn, and other North Shore communities, that better suits your current and future needs!
     
Janie Bress
Your North Shore Real Estate Expert


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