When you bought your home, life was different. Whether you had fewer pets, kids or stuff, it seemed bigger back then.
Now that you’ve settled in, you have guests and friends that make the house feel “cozy”.
These are common signs it is time to find more space.
Another great reason to find a bigger home is equity. When you bought the house, you ferociously saved your money so you would have the down payment. Now, equity has opened doors to bigger homes, better schools or cooler neighborhoods. You can actually make an even larger down payment and it hurts less! You might even be able to keep your loan from being too much higher.
Is your quality of life less than you had planned? If you feel as though you have no sanctuary in your own home, it might be time to move up. Whether the kids need a bigger outside area or the dogs simply must be able to run, feeling cramped can add to your stress. Sometimes, it’s the stuff that creates that claustrpohic feeling. Collectibles, tools, furniture, whatever, you have simply run out of room.
Maybe the neighborhood hasn’t turned out the way you hoped. Even though rising prices tend to improve neighborhoods, this one just might not suit you any more. Your needs and tastes have changed. Now you find yourself at Costco more than often that cute little boutique down the street. Maybe you didn’t notice how much traffic there was until your perspective changed.
Remodeling can be a great solution! You might love the house and location and just need a bit more space. Be careful though. You want to be sure the area can handle your upgrades and you will profit when the time does come for you to sell. You don’t want to overbuild either size or price point for a given area.
Sometimes the neighborhood changes around you. You moved in with people like you but they have all left and you feel a bit alone. Maybe you miss the social gatherings you shared in the past.
In addition, you are now making more money than you did back then. You have earned raises, been promoted or found a better paying job. You can actually afford more home in a area that suits your life more these days.
When those factors start adding up, it might be time to consider finding a new home!