Sometimes life can throw you a curveball, and maybe it’s time for a change. Here are 5 signs you are ready to upgrade to a new house.
Times Have Changed
The most immediate thing that tends to spur the need for a new home is a modification in your life circumstances.
Maybe you have settled down with your partner and are expecting your first child, or the kids are growing and need their own spaces. On the other hand, perhaps your kids have grown up and left the nest. In all of these scenarios, you’re probably feeling that you either need more or less house to handle the day-to-day needs of your life.
Everyone has an amount of space that feels right to them, and you have to make that judgment call on your own. Don’t be afraid to take a look at the listings in your area to both see what’s available, as well as get an idea of where you should expect to price your home if you choose to put it up for sale. A little early research will go a very long way when transitioning homes.
Updates Are Needed
If you’re looking ahead a year or two and feel it’s going to be time to replace major utilities in your home, maybe you feel it’s better to sell and move rather than deal with these projects yourself.
Replacing a furnace, windows, ductwork, roof, gutters, or siding all come with a lot of out-of-pocket expenses. It could be worth it to get what value you can from the existing property and find a better living situation for yourself before all of these potential problems start to rear their heads much more.
Upgrades Are Feeling Old
At some point in the past maybe you replaced the roof. At the time it looked spectacular and you were certainly satisfied with the results.
As time has ticked on, that roof has served its purpose but is starting to look a little dated or worn, and perhaps you’re not wanting to deal with that all over again.
Finding yourself back in the same spot as before where things need updating can be frustrating. Take that as a hint that you may be ready to upgrade to a new property with the updates all ready to go.
Selling your property and disclosing the condition and age of any upgrades is perfectly fine, and there could be a potential buyer out there more than willing to deal with the projects. Some new owners will be glad they had the option to get it done the way they want.
Appreciated Property Value
The real estate market has its ups and downs like all other markets, and it could be that over the years your property’s value has skyrocketed.
Whatever the cause for this set of circumstances, that could provide you with ample opportunity to exploit the market and make a good amount of money off of it. Having a new appraisal done will help give you an idea of what the fair market value of your home is, and might be the push you need to move up to a new property that catches your eye.
Your Finances Are in Order
Finally, you may find that you’re ready to upgrade to a new home because you can afford it.
If you’re careful with your budgeting over the years, it can pay off in spades. Being able to move to a new home before any major updates or upgrades are needed can be a big energy, time, and money saver.