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Newborns & New Homes: Property Advice for the Growing Family

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February 4, 2021 | Jack Whittington

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Growing family and need to move?

A growing family is definitely one of the most popular reasons for moving home.

This may be from your starter home that was perfect when it was just the two of you but is now starting to feel a little snug with the prospect or reality of new family additions.

Or perhaps you’ve been enjoying your family home for a while, extended and shared space wherever possible but now running out of options? Babies, toddlers and young children normally don’t mind sharing bedrooms, but growing teenagers is another thing altogether. 

The number of bedrooms and bathrooms is often a key measure to see if your current home still fits the size of your family. Teenagers love their own space, and that includes the bathroom with endless showers that are not accommodating to the rest of the family’s timetable.

Whatever your reasons, a growing family means a house move is imminent and there are several things to consider. 

 

What is your budget and how much can you afford?

The best place to begin, is to  find out  how much you can borrow. This will depend on your individual circumstances, are you going from rental accommodation and buying your first home or up-sizing and selling your home?

If you have a property to sell, ask for a free, no obligation valuation to find out the current value of your property. This will determine the grounds for your financial position and how much you can or want to borrow to finance your next home.

We can offer in-home expert valuations or if you prefer, virtual valuations or online estimates. Our recommendation is a Covid secure visit to your home.
You can book a valuation here

First-time buyers have an additional option available to them with Help-to-Buy Equity Loan available on new homes (price caps can apply).  Our New Homes Department can answer any questions you have about this and show what properties we have  in your chosen area. Our team at Nicol & Co can help unravel the house buying process for first-time buyers. 

Ask us about our recommended Independent Financial Advisors who can speak to you directly about getting clarity on your finances. They’re the experts and will cut out all the noise and save you shopping around – you’re promised the best deal that is most suitable to your needs.

Don’t forget to budget for your monthly outgoings as well; your growing family will put extra pressure on your bank balance. But don’t forget the joy it will bring at the same time! 

 

When to move?

It is worth considering the timings of buying and selling a home if you are growing your family. Some prefer to move before even the first born has arrived, better to nest in your first home of your own.

Schools and catchment areas are often a key reason for deciding to move home as your family expands. Don’t leave this to the last minute as moving home can take time, especially if you’re selling your house as well as buying a new home.

 

Where to move?

Your circumstances and preferences will determine where to move your growing family to. Need more space to accommodate working from home as well as growing children? And perhaps pets are part of your expanding family? Gardens and open spaces can mean a move from urban or suburban areas to out of town or even rural locations is just right for you when considering buying your next home in and around Worcestershire.

Moving closer to your teenager’s secondary schools could also mean considering a location closer to town or city centres – teenagers love their independence and being able to enjoy the shops, cafes and in due course, the local pubs and bars will be high on their wish-list and can make your life easier with less taxi-rounds!

We can help advise on the best locations around Worcestershire whatever your moving needs – especially in and around Droitwich Spa, Malvern or Worcester. No-one knows these parts and the property market like we do at Nicol & Co.

Whatever is on your essential and desirable moving home lists, we can help you find the right property for you and your growing family. If you need to sell your home first, we’re here for you every step of the way and will work tirelessly to make the move to a new home as slick and stress-free as possible. 

Here’s to happy family times in a new space that’s perfect for you. 

 

To speak to one of our agents to get things moving, please contact us today.

Ready to sell and need a valuation? Book online here

 

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