Buy or Build a Home: Making Room for a Growing Family

Some people prefer to have a small family while others enjoy having a lot of children and look forward to expanding their families. However, in order for a family to grow, you have to make sure there is enough room for everyone to live and enjoy growing up freely and comfortably. That’s why many couples in Australia have to face a tough decision between buying and building their homes. If a couple already has a home, bought or rented, there is also an option of expanding the space they already have. Nevertheless, weighing the pros and cons of each option is a good start and you will know what to do to provide enough space for your growing family.

buy or build home

Building your home

Before making any decisions about building, you should keep in mind that it is a stressful process. It could pose an extra stress, especially if you are pregnant. A good news is that babies don’t require too much space at first, so building can wait a little bit. Also, there is the struggle of acquiring all the permits and hiring the professionals who will do the job appropriately. However, building your own home can bring you many benefits. Even if it does require plenty of planning, money, and time, if it is done well, you have a home for a lifetime and for a big family. It gives you the opportunity decide on the size, number and layout of the rooms as you please. Better yet, the whole house can be designed to match your family’s needs and desires.

Buying your home

Buying a home for yourself and buying one for your family are two completely different things. When there is a growing family, that raises a number of aspects that need to be considered. The size of the home is not the only thing that’s important; there is the neighbourhood, nearby schools, parks, family entertainment, as well as how near or far your friends, family and workplace are. You don’t want to spend hours in your car to get to your family, work or school. If you are living in Australia as myself, before visiting the houses, you have to make a list of requirements, research the houses for sale in Australia very carefully, and go through all the options with your agent. However, even if you cannot find “the perfect house”, you can always settle for one that meets most of your requirements and make a few adjustments if they are really necessary.

building a home

Renovations for growing families

Maybe the home you already have is big enough for your growing family, but it might need a few adjustments. If you need another room for your upcoming baby, you can always extend one of the rooms and build an additional one. However, there are a few factors to consider, such as the cost-effectiveness and aesthetics. It certainly pays off to extend the existing house more than building or buying a new one, but you need to be careful. Take advantage of low interest rates and start extending your home only when the interest rates are low.

Also, when planning your budget, don’t forget to take into account all the costs that are usually associated with major home improvement projects. Every homeowner has to be aware of the hefty costs for new home additions that are bound to happen. Moreover, you have to take care of the fees for all the permits you have to acquire. When it comes to aesthetics, a poorly designed addition can completely spoil the overall appearance of your house. Work with a trustworthy architect that will help you fit the design of an addition to the rest of the design of your home, both on the inside and outside.

Before making a decision about your new home, be sure to take all the pros and cons into consideration. It is all up to you and your budget, and if you choose wisely, your growing family is bound to have a safe roof over their heads.

Image source: Pexels

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