The decision to sell your home and buy a new one can be a bit overwhelming. How do you know if it’s the right time for you to do it? With so many factors to consider, you might not even know where to start. Take a look at these 5 Reasons to Sell Your House and Buy a New One to see if your life falls into one of the categories. If anything here seems familiar, the time might be right for you.
1. You’ve Outgrown Your Starter Home
When a young couple buys a home, they might do so for many reasons. Of course they can build equity, but the reasons might be as simple as just wanting a place the two can share. For a couple starting out on the homeowner path, a smaller home will generally fit the bill. When kids start coming along, though, the house that suited the needs of two adults suddenly seems cramped.
Children’s stuff takes up a lot of space, and the older they get, the more stuff they accumulate. Add all that to the furniture, decorations, memorabilia, etc. invariably collected over the years and the perfect starter home will need a size boost. Buying a new home is often the simplest solution to the growing family experience.
2. You Don’t Have What You Thought You Wanted
Sometimes what you think you want turns out not to be. Maybe you really wanted a big yard so that you could dig in to some serious gardening, but you don’t really have that much time to dedicate to plants. Or maybe you thought that living far from the city center would afford you some peace and quiet, but you really want to be where the action is. Or maybe you bought a new home for the convenience, but you really want the charm of an older structure.
In short, we all change our minds. Understanding your wants and needs a little more clearly will allow you to make defining your next home purchase criteria much easier.
3. Life Has Changed
Sometimes life makes up our minds for us. Growing families, shrinking families, aging relatives, health issues—all of these reasons might prompt you to sell your current home and buy a home that better fits your current circumstances. Consider also the changes that will inevitably come down the line sooner or later. A multiple-story house with several sets of stairs is fine for a young family, but will aging knees fare as well? When children grow to school age, you might want to move to a different school zone. Once all the kids have gone on to their own lives, do you still need that much house?
Life is constantly changing around us. Why not let your home choices change with it?
4. You Want to Be Closer to Work/Play
You probably spent a significant amount of your life at work. Do you really want to spend your personal time driving a long commute? A home closer to your workplace means more time to spend with your family, friends, or leisure-time activities. Speaking of play, maybe you want to be closer to your chosen hobbies. Here in Knoxville many neighborhoods are within walking distance of the unparalleled Urban Wilderness. A home closer to those activities can allow you to maximize your fun time.
5. You Want to Create a Space that Is Uniquely You
You might feel just fine about your current home, but you’re looking for an opportunity to create a living space that is exactly what you want it to be. Many homes currently on the market will allow you the chance to renovate, crafting the kind of home that your existing house simply can’t become. Be on the lookout for adaptable floor-plans and/or interesting outdoor locations.
Wood Realtors Can Help
No matter your reasons for wanting to sell your house and buy a new one, Wood Realtors can help you at both ends of that spectrum. Let our seasoned professionals walk you through the process of buying and selling, getting you into the space you want and need.
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