What You Need to Know Before Upsizing

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Real Estate Agent with Ronald Christopher & Associates. Proudly serving Palm Desert, La Quinta, Indio, Rancho Mirage, & Palm Springs. DRE# 01714898

 

Growing Family? What you need to know before upsizing.

Spending so much time with your spouse or your own family, you might start to think about starting your own, making an addition to your family, or upsizing to a house that’ll fit your finicky teenagers and toddlers. Before you start wandering through open houses, read through this guideline so you know what you should consider while looking for your new home.

Minding Growing Expense

Moving out of an apartment into your first home or from one home to another can be physically overwhelming for some people. For the first time in your life, you might have an abundance of space and no idea on how to fill it. Let alone clean it. You might have a yard that you’ll need to maintain, as well as county or city property taxes you’ll need to pay on a regular basis.

Manage your financial expenses by developing a monthly expense budget, listing all the various places you spend your money. Putting your monthly budget into a spreadsheet makes it easy to track your spending and make alterations if costs go up or down. There are plenty of apps and software available to do the same.

It’s also advisable to take advantage of term life planning, estate planning, and meeting with a financial advisor to hear advice on investing for post-secondary education. While these options aren’t strictly within the realm of expenses for you right now, they eventually will be. It’s best to always be prepared!

The Neighborhood Change

Pay attention to the kind of neighborhood you'll be moving into, outside of aesthetic features and home prices. After all, you need to be sure your investment isn't in any way tainted by a factor you should have foreseen. This is your new place to call home!

If commute times are important to you, you can narrow down your search in the beginning by only looking at neighborhoods within your preferred commute time. A community's amenities, like pools, parks, trails, gyms, and clubhouses are also an important factor to consider. These factors can enhance your lifestyle and create spaces for familial bonding and neighborhood gathering. Increasing a sense of well-being and connection with the local community. As an added bonus, community amenities and a well-connected community also have a positive effect on reducing incidents of crime within a neighborhood.

It's important that you don’t make decisions about the neighborhood you’re moving into on your own. Discuss your options with your family so everyone has input, even if it’s your decision at the end of the day. They may be able to provide valuable insight that might have been overlooked. Don’t forget to search online for reviews of both neighborhoods and schools in the Palm Springs and Coachella Valley area.

Size of Family

With a young family, there's plenty of room for growth that you should be aware of. In addition to the regular shopping trips for clothes that your kids outgrow, you'll need to account for future growth as it relates to your neighborhood.

Consider whether the local schools they'll eventually attend are within safe driving distance and are accessible via public transportation for your children. Are there other kids around their age in the neighborhood? Are there parents around your age there as well?  Are there businesses nearby that they can get a job at once they become of age?

You'll also need to think about the size of your car–is it large enough to fit you, your spouse, your kids, and all their bags when you go on a trip? No matter the distance. And even if you're not a fan of minivans or other traditionally family-friendly vehicles, there are SUVs that let you maintain your work cred while transporting your kids.

Finding Your New Home

Feeling like you’re ready to begin assessing your real estate options in the Coachella Valley? As you begin your search make sure you look at real estate metrics. For example, in the Palm Springs area, home values have gone up by nearly 50 percent in the past five years, and houses in Coachella Valley are selling with just 65 days. Take into account the active invenotry in each Coachella Valley city.

House hunting for a growing family is hard work, but remember you’re not in it alone, so make use of your resources, and plan, plan, plan! You can start by looking at our Coachella inventory

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buying a new home
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Rainmaker
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Ron Saporito, Palm Desert, CA Real Estate & Mortgage Broker Since 2003
Ronald Christopher & Associates. Proudly serving Palm Desert, La Quinta, Indio, Coachella, Rancho Mirage, Palm Springs. - Indio, CA
Call (760)574-8486. www.JustListedinPalmDesert.com

Great information Tina! I always recommend clients to drive by the property they are interested in during the evening or on the weekend to a "true" feeling of the neighbors. 

Nov 22, 2018 09:39 AM #1
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Rainmaker
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Tina D Saporito, Your Dedicated Palm Desert, CA Realtor Since 2005

Call (760)799-8460. www.JustListedinPalmDesert.com
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