Upgrading your Home

All homeowners usually reach a point when they outgrow first homes and need to upgrade. Similar to purchasing your first home, the research requires both a lifestyle and also a financial review. Will your new home be close to schools or perhaps family?

At TIPS we know your family home is a very personal decision and that is why no matter if you are buying or renovating, it is very important that you don't get influenced by the market more than your own needs. Ask yourself, what does your family really need, both now and 5 years in the future?

Our approach is to make the time to consider not only what you can afford but where does your home fit in as part of your family's bigger picture.

  • Has your financial situation changed since your previous purchase?
  • Do you have one income or two incomes in your family home?
  • Are you downsizing to buy in your preferred suburb to match your lifestyle?
  • What is your buying capacity, what is your exact budget?
  • Perhaps you are topping up your existing loan to renovate or extend your current home?

With careful planning and understanding of what this decision really means for you, the upgrade may provide a hugely rewarding opportunity.

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