Not only is moving a daunting process, but making the choice to sell your home is a decision that requires lots of consideration. If you have been on the fence about whether to sell your home, here are four telltale signs that now might be the time to act.
One of the main reasons for selling your home is to accommodate a growing family. That house that once fit two newlyweds comfortably feels smaller and smaller by the day. Your family has started to grow and now includes a dog, toddler, and you’re expecting a new baby sometime soon. Your kids will eventually need spaces of their own – bedrooms, work areas, and play areas. The point is, you are quickly out-growing your home and it’s time to start searching for something that is better suited to your needs.
A lifestyle change can mean a wide variety of things depending on the individual. Your kids have grown up and moved out, and now you find yourself with an empty nest that is much too big for what you need or can manage. Maybe you have a new job with a longer commute and want to cut back on your drive time. Anything from retirement or divorce, to an in-law moving in can rearrange the lifestyle you have become accustom to. A happy home is one that syncs up with the current phase of life you are in, and it’s important to make sure that you have the right fit.
Every now and then it’s nice to give your home a face-lift to help re-energize your house and make it feel new again. Small updates to the kitchen or the bathroom might be all you need to decide that you want to stay put for a few more years. But making significant remodels to your home might not always be the best decision. Before taking on any large home improvement projects, understand your neighborhood and know the highest price point in the area. If your home is already similar in style and condition to the other homes in your surrounding area, remodeling might be a bad investment.
After years of paying your mortgage and keeping your home in quality condition, you’ve probably built up quite a bit of equity. After the housing market crash, many people found that their equity had all but evaporated. That is no longer the current climate, and many homeowners are cashing out on positive equity. Selling your home and moving into something less expensive can put some of that extra equity to work for you in other ways. Do some research, have your house reappraised, and see if it’s the right time for you to sell your home.