Should You Upsize or Downsize in Metro DC This Summer?

If you are a current Metro DC homeowner or renter, now may be the time to consider if your living space is suitable for both your immediate and future needs. Given the high number of buyers in today’s market and rapidly rising home prices, local buyers should act sooner rather than later when it comes to selling your Washington DC area home and moving on to make a purchase.

As your local Metro DC real estate experts, The Estridge Group understands the importance of moving up (or down!) if it means your home will be better suited to your needs. How can you tell which is right for you this summer? We’re including a few of our best tips for you below!

If you’re not sure if you need to upsize or downsize your Bethesda, Chevy Chase, or DC area home, here are some questions to ask yourself:

Is there enough space for you?
If you have a growing family, you may have started to notice that your kids are outgrowing their bedrooms, or that the kitchen or dining space feels a bit tight at mealtimes. If your family is growing, your DC Metro home may need to grow too.

Is there too much space?
Maybe you’re retired or plan to retire soon, maybe you’re empty nesters and your adult children have flown the coop. If cleaning your home seems like too big a task or stairs are becoming an issue, it might be time to downsize to a smaller DC area property.

Is the yard too much or too little?
Buyers are seeking outdoor space more than ever this summer and you might find yourself wanting more room to roam with your kids or pets. On the flip side, downsizing may be a great idea if the maintenance involved with your yard has become too big of a chore to handle.

Do you desire a new location?
Young families may dream of more family-friendly neighborhoods in the DC area, safety, or better schools. If downsizing is on your mind, you may be wanting to move closer to family or be within walking distance to restaurants, stores, or public transportation.

Has your financial situation changed?
Maybe you’ve been promoted or changed jobs and are now ready to move up to a bigger, better home in Bethesda, Chevy Chase, DC, or Northern Virginia. If you are retiring, recently lost your job, or have undergone other financial changes, you might like to lower your mortgage payment each month to account for that.

Everyone’s needs in real estate change eventually and we would be glad to help you navigate the process of upsizing or downsizing in Metro DC! Give The Estridge Group a call today for a list of available properties in the area or for more information about selling your home this year!