Long Island Mortgage Rates Top 7% This Fall: How a 2-1 Buydown, a 5/1 ARM or a Seller Credit Can Cut Your Nassau or Suffolk Payment by Up to $937 a Month For the first time since January 2025, the
Upsizing Your Home
Dated: October 10 2024
Views: 64
Unfortunately, our homes don’t always grow with us. What may have initially worked fine for a single person, a young couple’s starter home, or a family with a newborn can quickly become too small as families expand and multiple generations live under one roof.
Remodeling and adding to your home is one option for creating more space, but it can be costly, and the size of your property may be prohibitive. That’s when moving to a bigger home becomes the best solution.
WHERE DO YOU NEED MORE SPACE?
The first thought when upsizing your home is to simply consider square footage, bedrooms, and bathrooms. But it’s important to take a more critical approach to how your space will actually be used. If you have younger children (or possibly more on the way), then focusing on bedrooms and bathrooms makes sense. But if your children are closer to heading off to college or starting their own families, it may be better to prioritize group spaces like the kitchen, dining room, living room, and outdoor space—it’ll pay off during the holidays or summer vacations, when everyone is coming to visit for big gatherings.
MOVING OUTWARD
If you need more space, but don’t necessarily want a more expensive home, you can probably get a lot more house for your money if you move a little further from a city center. While the walkability and short commutes of a dense neighborhood or condo are hard to leave beyond, your lifestyle—and preferences for hosting Thanksgiving, barbecues, and birthdays—might mean that a spacious home in the suburbs makes the most sense. It’s your best option for upsizing while avoiding a heftier price tag.
Giulio Ferrante
Giulio Ferrante, representing Signature Premier Properties, stands as one of the industry's most trusted and top-selling real estate agents. With a focus on Long Island, particularly in Syosset, amids....
Latest Blog Posts
Long Island Home Prices Top $900,000 as Mortgage Rates Break 7%: What the Fed's September Hike Means for Nassau and Suffolk Buyers and Sellers This Fall Two numbers landed on Long Island within a
Median sale prices tell you what a house cost. Price per square foot tells you what you actually bought. Right now on Long Island that number ranges from about $365 a square foot in parts of South
Long Island Real Estate Attorney Fees and the Contract Timeline in 2026: What a $2,250 Flat Fee, an $84,000 Escrow Deposit and 2-7 Days of Attorney Review Really Mean for Your Nassau or Suffolk
OneKey® MLS required Copyright, Source of Data and Disclaimer for IDX display
Information Copyright 2026, OneKey® MLS. All Rights Reserved.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers' personal, non-commercial use.
The data relating to real estate for sale on this website comes in part from the
