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Does your home meet your family's needs?

By Rich Harvey, CEO, propertybuyer.com.au

No matter how much planning you put into buying a family home, situations can always change - perhaps you need to take on a new family member, or kids do what they do best and grow up too fast and the home just can't keep up with them. Home buyers often find that a few years down the line, their dream property no longer suits their needs, and aren't sure what to do.

Flying the roost?

You may have originally bought a home to be near the right school for your child, who has since decided to move away for university or flatting. If you now find yourself with extra space and a bit of extra cash, it might be time to relocate to a smaller luxury home in a new area. A buyers agent can help you find the perfect relaxing home, and why not consider turning the old home into investment property and letting it out if you aren't ready to sell?

Got some extras?

It is always a tough decision that you should talk through with all parties, but there may come a time when you need to take your parents into your home. Alternatively, you may find that you are welcoming a new addition to your family. Extra bedrooms, bathrooms and living space will become a necessity, and you may need to upgrade. Instead of taking on the stress of renovations, with good homework and the right advice you will be able to find a new home that can fit any new family members.

Too often, house hunters make knee-jerk reactions to changes in their family setup and it can result in buying a home that can't accommodate their needs. A buyers agent will cut out the stress, as they take your family situation into account and match you with the perfect home from a wide list of leads.

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