With the introduction of the second child, the family population will gradually increase. What should I do if the small house I bought before is no longer enough to live in? I just want to upgrade to a bigger house, but I know how to start. In fact, there are still successful experiences. What should a home buyer do if they are considering upgrading to a larger home?

1. How to deal with the small room?

1. Sell small and buy big

For home buyers with insufficient liquidity, selling first and then buying can leave enough funds and relieve economic pressure. In addition, in most cities, if you choose to sell first and then buy, you can continue to enjoy the first-time home loan treatment and reduce the burden of buying a house. Buy now and then sell is suitable for home buyers who have a relatively stable income and sufficient liquidity on hand. In this case, there is no need to face the dilemma of renting a house during the house change.

2. Stay small and buy big

Keeping the old and buying the new is suitable for house changers who are not short of money and have a high monthly income. It avoids the situation of not having a fixed place to live after selling the house. There is no need to consider the issue of renting during the house replacement period. This method more tests the repayment ability of the person changing the house. In addition, if the first home is still under loan, the loan interest rate and taxes for the second home will be higher than those for the first home. Because the monthly payment for two houses is also a large expense, it may have a certain impact on the quality of life.

3. Rent a small house for a larger one.

This method requires considering the rental return of the small house and whether the down payment of the big house is fully prepared. Generally speaking, renting a small house for a larger one can reduce the monthly payment burden to a certain extent, but the down payment requirements are relatively high, so it is only suitable for home buyers with low down payment pressure and low monthly payment repayment ability.

2. What should you consider when changing from a small house to a larger one?

1. Be aware of the price and time

Since you plan to change your house, you must first understand the market price and sales price of your house, and the approximate sales cycle. Generally speaking, it usually takes about one and a half months from "listing" to "signing" for a house. Pay more attention to whether the price of the house is too high or too low. You can use the average price in the same area as a reference, fully understand the market conditions, and set a reasonable price for the house based on the funds in hand.

2. Make a financial plan for upgrading a small house to a larger one

This is the most common and most troublesome place, because most people who change houses buy and sell houses at the same time. , use the money from selling the old house to buy a new house, but if the agreed payment date for the new house arrives and the old house has not been successfully sold, then you may face the problem of being unable to pay the money and defaulting. If you breach the contract, you will not only be liable for compensation, but the house you are looking forward to may also be bought by others. The way to avoid this kind of problem is to arrange the time nodes of each step and implement them strictly. When signing a payment date contract with the seller, make sure that the payment for your old house will be received in time.

There are usually more and more people living in a house. In the beginning, it was just a new house for the young couple to live in. After the birth of a child, in addition to a series of large items that need to be added to occupy the space, elders may also have to be invited to take care of the house, and the space becomes much smaller. If you have a second child and have another child in the family, you will find that the house is really not enough to live in! If you want to change from a small house to a larger one, you must make the change appropriate.