I was quoted on Personal Capital in an article written by Holly Johnson
Upgrading Your Home: How To Know It’s Time
If you’re already thinking about upgrading your home, you probably have good reason. According to realtor Suzy Minken of Keller Williams Premier Properties in Short Hills, New Jersey, most clients who upgrade do so because they are either busting at the seams with kids and toys, finally realizing their starter home kitchen is too small, or in desperate need of another bathroom.
Most clients who eventually upgrade need a house they can “grow into,” says Minken. “They envision themselves in a house they can stay in forever.” And once they decide their current home isn’t it, they make the decision to shop around.
Other reasons to upgrade may have more to do with changing needs.
“When you purchased your starter home, your life, and lifestyle and needs were very different from what they are now,” says realtor Michael Fisher of Orange County, California. “Newlyweds may limit their first home purchase based on transportation needs and proximity to work and don’t often think about schools.”
Or, perhaps it’s your earnings that justify the purchase of a larger and better home. Where your salary might have been on the lighter side when you bought your first house, your peak earning years might have changed your financial situation quite significantly. And with more money to spend, an upgrade to your home might be your #1 priority.