When To Consider Upgrading House Size as You Work from Home

11:21 PM

 I've been in the same place for almost 7 years, and the idea of relocating has been on my mind for a long time, especially since the pandemic. One major factor in my decision-making is the transition to doing all of my workloads at home or the work-from-home setup.



However, deciding to move to a new place has never been easy because I need to consider a lot of factors, such as whether moving into a bigger space is always better. Is moving really what I need? 


Space Reassessment


The current flat I'm living in is the reason it's taking me so long to make a decision. Although it is not as large as you expected, it is adequate for a single person living alone with a pet. However, now that I am working from home, I will require a working space.


Even after inspecting all of the spaces, I use, I believe there are still areas that are not being utilized to their full potential. Despite the fact that I already have multipurpose rooms.


I'll admit that I have a lot of stuff for someone who lives alone. So, do you think upgrading to a larger place is a good idea, or do you think my current home is perfectly adequate for what I need?


Affordability


This is a serious matter to think about because, even if you're mentally prepared to relocate, you should first learn how to define what "affordability" means to you. So I've been wondering if I'm financially prepared for it, especially since moving entails additional expenses.


It's a big accomplishment to be able to afford a home without insolvency, but can I do it? There are many doubts and fears, but it is also a good thing that affordability is now within reach with the help of a housing loan from various financing institutions, such as banks and Pag-IBIG.


You must consider the monthly payment cost, insurance, taxes, monthly utility payments, and a variety of other factors. You can use this UK-based calculator, https://www.mortgagecalculator.uk/, to find an ideal house that fits your budget.


The concept is the same and can be used in countries other than the UK, such as the Philippines. This website will assist you in determining your ideal affordable place, as well as what financing and payment terms you can comfortably afford. Not to mention, it offers features like estimating affordability and printable amortization schedules.


Convenience


When looking for a new space, accessibility and convenience are more important than ever.


As someone who works from home, internet access is essential because it is my primary source of income and allows me to stay in touch with my family who live far away.


I also consider the location's proximity to nearby malls, hospitals, markets, stores, pet stores, and so on.


The Big Step


While it is exciting to consider moving to a bigger space and location on a budget that I am comfortable with. I still need to think about my long-term goals more carefully because this is going to be a big step and a different lifestyle.


Taking a big step forward may jeopardize other things, so having long-term financial goals in place would be a huge help.


One last thing, before you rush into your space search, consider what your own home can provide you with and whether it is still necessary to upgrade your house size.

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