Sell or stay? The decision of whether or not to sell your home can be a tricky one. You may be feeling like you’ve run out of space. Or that your home has increased in value enough that you sell and walk away with a sizable profit. Or maybe you’re just ready for a change… something new. Whatever’s driving you to think about selling, there’s a lot to consider first.
While selling your home could be the answer to your problems, staying where you are, also has its benefits. It may be easier on the budget to stay in your current home… or maybe you live in a great location. At the end of the day, the decision comes down to this: improve or move? Which should you choose? Take a look at the advantages of both outcomes to help you decide.
the benefits of improving your home –
it’s less hassle than moving
It’s easy to forget just how stressful moving is, but the memories will soon start flooding back once you get started. Selling your house involves a lot of work, from putting it on the market to dealing with visits, lawyers and more. Staying where you are can help you to avoid all of this and save you a lot of time and hassle.
it could be easier for work, school & family
If your existing home is in a good location for work and school, it can be difficult to justify moving. When your kids are happy in school, it can be a big decision to take them out and move them to a completely different school. However, if their current school is underperforming or they’re suffering problems where they are then a move might not be the worst thing. Take a look at some useful tips for moving schools to help you work out if it’s the right option for you.
improving your home can add value
Making home improvements can add value to your home, giving you the chance to expand or extend while future-proofing your home. While there will be costs associated with making some improvements, this could be less than what you’d need to buy a new place – especially when you consider all the fees that are involved in buying and selling a property. Before planning any major improvements, a specialist like East Coast Geotechnical could help you assess the cost and impact of any plans to upgrade your home. If the reason you’re thinking of moving is due to a lack of space, then this could be a good solution to make your home bigger and more in line with what you want.
it could be the best thing for your finances
As much as you may want to move right now, it might not be the best thing for your financial situation. Your circumstances can easily change, so whether you’re a single woman buying a home on your own or you’re a family who’s suffered a setback – you need to consider your finances carefully before making a decision. Assess your current situation and whether you’re comfortable or stressed financially. If moving isn’t something that makes sense right now that doesn’t mean that you can’t start working towards that goal.
the benefits of selling your home
bigger & better
As your family grows and expands, it can start to feel as though you’re all living on top of each other – causing tension and feelings of resentment. While some of your problems might be solved by decluttering your home, moving might actually be the best solution – especially if you’re planning on expanding your family further.
you could make a profit
Property prices have increased, which means your home could have increased in value since the last time you took a look. If you’ve been waiting to make the move to a new home, now might be the perfect opportunity. Want to increase the value even further? There are some simple home improvements you could make to add further value to your home to help you get the best price for your property. Find out what your home is worth and what you can afford to buy to help you figure out if it’s a move worth making.
a nicer community
Do you love where you live? If house prices or convenience were some of the reasons you chose to buy where you are – it might be time to consider moving. Priorities are constantly changing, and now that you’re in a better position financially, a move to a different area could be a great thing for you and your family.
the right fit
While many people move home to get a bigger place, others want to downsize to help make their home easier to manage. A smaller property can free up some money to check a few things off your goal list… or to reinvest. Buying a bigger property isn’t the only option when it comes to selling your home, and moving somewhere smaller or with a layout that’s more fitting for your family, could be just the change you’re looking for.