Compass Greater NY, LLC
Ann Marie Damashek, GRI, CBR, SRES, Compass Greater NY, LLCPhone: (917) 623-0624
Email: [email protected]

The Perks of Buying a Large Home

by Ann Marie Damashek, GRI, CBR, SRES 08/02/2020

Image by ErikaWittlieb from Pixabay

For most people, buying a house is the biggest investment they will make. Unless you are paying cash, the transaction could become complicated. Not that many people can pay cash for a house – and for those that can, it often makes more sense to borrow than to use up cash reserves, especially if interest rates are low. Whether this is your first home purchase or a subsequent home purchase, you might consider going with as much home as you can afford. In some cases, such as when the elderly want to downsize, smaller is better, but in most other cases, larger is better.

Better Value

When you do go to sell your home to downsize or because you get a job transfer, you’ll get more money for a larger home. Most people want at least three bedrooms and two bathrooms. Those houses tend to sell easier than homes with fewer bedrooms and bathrooms.

Growing Family

If you are newly married, planning on getting married or moving in with your significant other, or if you are older, but plan to have one of your children move in with you, you might want to start with a larger home so that you won’t have to go through the hassle of selling to upgrade. Even if you are single, if you plan on having a family, you might want to buy a larger house now. If you change your mind about the family, you can always sell it later on – and get more for a house that will be easier to sell.

Entertaining

When you entertain, you won’t be stuck sleeping on the floor or on the sofa if you have extra bedrooms. Your guests can have the privacy of their own room when you buy a bigger house. The more bedrooms you have, the more people you can have stay over. If you have just one person or family stay over, you might prefer just one extra bedroom, but if there’s a possibility that two friends stay, go for two or more extra bedrooms.

Single-Use Rooms

If you have hobbies, the extra rooms are great for decreasing the clutter around your house. A hobby that takes up tons of space is reading. If you’re an avid book collector, line the walls of an extra bedroom with bookcases – from floor to ceiling – to store all of your books. If the room has a good view, build a window seat in the room for a comfortable and quiet reading space.

And, if you need a home office, you can convert an extra bedroom into an office. You’ll have a quiet space to work, plus you’ll be able to lock up confidential information, whether you use a filing cabinet or install a hidden safe in the room.

About the Author
Author

Ann Marie Damashek, GRI, CBR, SRES

Ann Marie Damashek has always been a natural at helping people prepare their homes for sale. She started out with a successful business selling goods for people on eBay. "Nine times out of ten they were hiring me because they were down-sizing,” Ann Marie says. "So I decided to get my license. I said, ‘Might as well sell their house too.’” The transition was a smooth one and for nine years she’s had a thriving full-time real estate business that allows her to marry her entrepreneurial spirit with her passion for helping others. With an office in Larchmont, New York, she serves all of Lower Westchester County, with her primary market in the Sound Shore region. The majority of her business is "sphere of influence” with former clients referring her to friends and family. A gifted communicator, Ann Marie quickly builds trust and rapport with her clients by being both thoughtful and responsive; she understands that during the purchase or sale of a home, a quick response time is crucial. "I am very accessible,” Ann Marie says. "I always make time for my clients. They can call me, text me, email me up until 10 o’clock at night and I will respond. I’m available on weekends. I get back to people very promptly. I’m very customer service-oriented.” Her clients appreciate her professionalism, passion and enthusiasm and as a result her repeat and referral rate continues to grow each year. While selling real estate is serious business, Ann Marie knows that at times humor and a moment of levity can be a relief to clients. While she has a laidback and easygoing personality, she can be assertive when needed on her clients’ behalf. She loves being of service to them, and the continually changing nature of the work keeps her engaged and fulfilled. "It’s never boring,” Ann Marie enthuses. "Every day is different. That’s probably what I like most about it. But I also enjoy helping people sell or buy and educating them about the process. I love helping them achieve their goals.” This ethic of service has resulted in well-deserved recognition. Ann Marie has received the Westchester Magazine Five Star Real Estate Agent Rating four years running, in 2015 and 2016 she was the #1 agent in her office, and she’s a Zillow 5-Star Premier Agent. To keep in touch with former clients, Ann Marie sends cards to mark special occasions or reaches out via email. To market her listings, Ann Marie uses Multiple Listing Services (MLS), as well as Listingbook.com, a service that allows both agents and their clients access to MLS data. She also uses a Facebook business page and ads to boost new listings or promote upcoming open houses. "That drives a tremendous amount of traffic,” Ann Marie says. She also uses the most popular real estate websites such as Zillow and Trulia. A strong believer in giving back, Ann Marie sits on the Board of Trustees of her church and is involved in a variety of social justice projects. She’s affiliated with Furniture Sharehouse, a furniture bank for Westchester County, which collects and distributes gently used furniture free of charge to those in need. "I love it on so many levels because as a realtor, it’s helps my sellers downsize through charitable donations. I like the environmental aspect of it as well. And it helps people who truly need things.” She’s also involved in Impact 100, a women’s philanthropic giving organization. In her free time, Ann Marie enjoys gardening, traveling, and spending time with family and friends. For the future, Ann Marie wants to continue expanding her business and developing her brand, and she someday hopes to grow a strong team. But her main goal is to stay in the real estate business, helping her clients to achieve their dreams.