Moving home is a big decision, and there may be many factors at play. How do you know it’s the right time to move? While everyone’s circumstances are different, here are some of the key reasons it may be time to move.
1 . You’ve outgrown your house
One of the clearest signs that it’s time to move home is that your place has become too small. As your family grows bigger, it’s normal to need a little more space. Perhaps you’re keen to have more children in the future? Maybe your current house doesn’t have enough bedrooms? It could be that you started off buying an apartment, and now you’d like to get a mortgage on a house? Whatever the reason, outgrowing your home is a surefire sign it’s time to move on.
2. You’ve got too much space
Equally, if your kids are all grown up you might find that you’ve got too much space in your house. Once your kids move out, you’ll be left with empty bedrooms to put to good use. Some people are keen to utilize the space, whether that’s by creating a home office, or a gym. Others would prefer to move on, finding a new home that’s a more appropriate size. Downsizing can be a great way to free up some money.
3. You no longer like your neighborhood
As years go by, the neighborhoods we live in can change dramatically. Some become more desirable places to live, while others start to decline. Equally, your neighborhood might not have changed, yet your needs have. Perhaps the city you loved when you were younger no longer seems a desirable place to raise children? If you’re no longer feeling happy in your neighborhood this could be a key sign that it’s time to find a new home.
4. You’d earn a nice return
Your decision might be more financially motivated. Perhaps your home has gained value over the years? If you stand to earn a nice return, and you’re looking to improve your financial health, moving home could be a great decision. Before you make a decision you’ll need to get a house valuation. The process works to assess the value of your house and is based on several different factors. A few of these factions include condition, location, and house features. When you’re preparing to move home, you’ll need to have a clear idea of all the finances aspects involved.
5. Your situation has changed
Over the last few years, you might find that your situation has changed. It could be that you’re in a better position financially, and can therefore afford a more expensive property? Instead, it could be that your relationship status has changed, and you’re looking to buy somewhere with your significant other? As our circumstances change, we tend to seek lifestyles that better suit our needs.
If any of these reasons apply to you it could be time to start house hunting. Moving home involves many different considerations, and so it’s best to start getting organized early. You’ll need to create a moving budget that factors in all the appropriate costs. Gather quotes from moving companies, real estate agents, and mobile storage companies. It’s useful to have an approximate figure before you get started.