We tend to grow emotionally attached to all of the things making our house a home. The familiar smell of dinner cooking (or burning). That mark on the wall which always leads to a funny story about “that one time.” The amount of time you spent shopping for the perfect decorations. However, it’s completely normal to outgrow your first, second or even third home for one reason or another. Whatever the situation is – whether you’re a millennial or an empty-nester – it can be tricky to decide when the time is right. Here are some signs that it may be time to sell your home.
You’re running out of space
Whether you’re expanding your family or have finally decided to fulfill your New Years’ resolution from two years ago and buy a treadmill, your house just seems to keep getting smaller. You can add onto your home and it would be worth exploring, but that’s not an option for everybody.
Adding or remodeling won’t raise your home’s value
Adding on another room or renovating your kitchen could be the change you need to be content in your current home. However, these decisions aren’t always financially sensible. You may end up spending a vast amount of money for only a small increase in your home’s value. Check with a realtor first to find out if certain alterations would be worthwhile.
You have too much space
It could be that you’ve gotten rid of some unnecessary possessions, or maybe your kids have gone off to college or fled the nest. Whatever the case, you simply don’t need as much space as you used to. If you have the opportunity to move into a smaller, more affordable home it is definitely worth considering.
The neighborhood is changing
Whether your quiet neighborhood just got a whole lot noisier with the addition of some nightlife attractions, or you’re looking to move to a quieter neighborhood to settle down and start a family, you’ve outgrown where you’re at now. Regardless, it’s completely fine! Neighborhoods tend to go through cycles and can drastically change with time. Look into neighborhoods that better suit your current life-stage.
The right time to sell your home could boil down to one thing – you! Changes in career are often a huge reason to move. Marriage can cause you to search for a home where you can start a life together, while divorce could also be forcing you to shed your joint home along and its associated feelings. Whatever it is, you’re evolving and your home might have to evolve with you.
These are simply a few of the countless reasons why it might be the right time for you to list your house. If you think you’re ready to make the leap, contact The Housing Buzz Team today regarding how a new mortgage might fit into your plans!