Whether you’re running out of space, sick of your neighbors, or just ready to have the perfect home, here are some signs it’s time to make a move!
Room to Grow
Are things getting a bit tight in your household? One of the most obvious signs that it’s time to move is when you no longer have room for anything. Maybe you have started a family. Maybe you have an aging family member needs to move in. Or maybe you are constantly tripping over everything! Whatever the reason – when space is tight, it’s a sure sign to move on to a bigger place.
On the flip side, do you have too much unused space? Homeowners that find themselves with an empty nest usually have a tough time deciding to leave their home and all the attached memories. Less, however, really is more. Downsizing to a smaller home gives you more time to do what you love on top of spending fewer dollars on taxes and energy consumption.
Sometimes, it is not an issue of space, but rather just a simple upgrade like a better neighborhood or nicer home. Maybe you are ready to ditch the starter home and own improved features like more storage space, updated appliances, a modern kitchen, and a larger yard. Sure, you could renovate the home you currently own, but you will take on the risk of renovations taking longer than expected or costing more than the original estimate.
If you have children, having access to good schools is one of your top priorities. Attending higher ranked schools, provides children with a better launch pad into their future. Of course, you want what is best for them, but it’s also good for you, too! According to Trulia, homes in good school districts tend to sell faster and at a higher value than homes in other areas. Also, during times of declining home values, these homes tend to hold their value much better than homes with poorly ranked schools.
Live far away from work? The daily grind of fighting traffic is extremely stressful, and over time, it might be too much to handle. In response, many homeowners gladly pack their bags to move to a house closer to work resulting in less stress, more sleep, and a healthier version of themselves!
If any of these signs are prompting you to make a move, contact one of our home loan experts today!