Many families dream of having a larger home, or living in a better neighborhood. Unfortunately, the cost of purchasing an upgraded home holds people back. If this is your case, there may be a solution.
Before we go into benefits of upgrading, it is important that I reiterate my personal view. There is a lot of emotion tied to where we live, and the decision to upgrade can be highly sensitive. For as long as you live in your home, it is an expense, not an investment. If you want to own real estate as an investment, purchase investment properties that produce cash flow. Living in a home that meets your needs and makes you happy is what matters. Owning a larger home for the sake of status or investment isn’t typically wise.