To stay or go is always a big question. Perhaps you’ve been in your home for decades with the thought of selling only rarely creeping into your thoughts, or perhaps it’s been on your mind since nearly the day after you closed on your house. Knowing when it’s time to move on is a highly personal decision that may be approached from an emotional or financial point of view (and most likely a combination of both).
As you weigh the various factors that go into selling a home, buying a home, and physically moving your personal property to that new home, there’s a lot to consider. Here are some helpful signs for determining when it may be time to move on.
You’re bursting at the seams (or the seams need taking in)
For many, the size of their home is one of the biggest determinants in looking to move on to a new property. Whether it’s because your family is growing and you need more room or you’re an empty nester with too much space, size matters, and it’s not always something that can be easily changed.
Your finances are in order
Hopefully you’ve built some solid equity in your home and you will stand to turn a nice profit on the sale, but even if you do, it’s important to have a handle on the additional costs that will come with selling and moving. Whether looking to upsize or downsize, your financial picture may dictate when the right time is to sell.
Your neighborhood is not quite right What was once a perfect abode might not feel so right anymore as your kids age and you start to look at neighborhood schools. Or, maybe you just want a change of scenery (and the intolerable commute). If the neighborhood no longer fits your lifestyle, it may be time to move on.
Renovations won’t reap the returns
Before investing in a significant remodel, it’s wise to check with a local realtor to see if significant improvements will even help add value to your home in terms of its location in a given neighborhood. If you’re already at the top end of a neighborhood’s price-point, investing in a remodel may not be the best use of your money.
You’re felling emotionally detached from your home
Saying goodbye to a home is saying goodbye to years of memories, which may be harder for some than others. If you’re beyond any emotional attachment to your home, you’ll be more ready to fully commit to the selling process.
Determining when to sell a home is a big decision. If you’re on the fence about taking the leap and putting your home on the market, get in touch at 305-329-7744 to discuss the best steps you can take now to make a bigger impact when the time comes to sell.