Sometimes, the decision to move can be because of something obvious that’s bothering you - noisy neighbours, relentless nearby construction, or an ever-increasing crime rate in your area. Or perhaps you’ve changed jobs, and the morning commute is becoming too much. These kinds of reasons makes the choice to move from one residence to another an easy one.
However, sometimes the desire to relocate comes from something less obvious - maybe you’re wondering what it would be like to live in a new neighbourhood (with new neighbours!) or you’re feeling as though you’ve outgrown your home.
Our team at RE/MAX Michael Cowling & Associates breaks down the factors you’ll want to consider when thinking of making a move.
Here are 5 top reasons you’ll want to start looking at a new home:
Location, location, location!
Considered one of the golden rules in Real Estate - and for good reason! Your home can be absolutely perfect, but if you’re stuck in traffic for 2 hours every day to commute to work and school - chances are the enjoyment of your property will greatly lessen.
Space has become an issue
Maybe you have too much, or too little. The fact of life is, that it changes! Children eventually leave home, or take up much of it while they’re young. If you’re finding yourself as an empty-nester cleaning bedrooms that are rarely used, it might be time to find a smaller home.
You’d like to access its equity
Perhaps you purchased your Richmond home back in 2018, when the average home sale price was in the $1 Million range. Today, perhaps you’re able to now sell for $1.5 Million; which could be an attractive option for someone looking to upsize or downsize, use the money to experience new adventures, or even enter a retirement facility.
Your home has become a money pit
More on the topic of money - sometimes, home ownership costs can get out of hand. Depending on the age of the home and its current condition (as well as the condition in which it was purchased in) sometimes these repair costs can quickly rack up. It’s important to assess the value of your home and stack it against these maintenance costs to determine if they’re even worth it!
It just doesn’t make you happy anymore
Perhaps a combination of the above reasons have caused you to feel an unmistakable sense of unhappiness every day you come home. It could be that your family has changed, your lifestyle has changed, or perhaps the neighbourhood has. Or maybe, you’re simply ready for a new change! Quality of life is very important and must be considered when making one of the biggest decisions of your life.
There are just a few top reasons why you might want to consider making a move to a new home. Remember though, the grass isn’t always greener on the other side! If you’re weighing your options, please feel free to contact us. We’re happy to help you assess your options, and can help you determine what you could afford in today’s market.
Thanks for reading!
RE/MAX Michael Cowling & Associates