Home ownership is very much like life itself – a journey
across a series of stepping stones. Many of us start out as room renters, move
on to renting an apartment, buying a condo, then onto a single family home and
so on. Sometimes, it is a straight line upward, but often, it is a series of
ups and downs and leapfrog jumps in between.
The concept of “moving up” could mean different things to
different people. It may be a larger home in terms of square footage or
acreage, a more expensive home, or a new home in a sought-after neighborhood
even if it means ending up with less square footage.
The decision to move up arise from various reasons. You
could be newly married and looking to start a family or your children are about
to reach school age and you would prefer to be in a better school district.
Perhaps your family and bank account have already outgrown your starter home
and are now ready to go forward with your next one. Even empty-nesters
sometimes choose to move up by trading their large suburban home for a smaller,
more upscale condo or townhome with a WOW factor. If you are in an
overcrowded situation and can afford a bigger home, the decision to move up
will probably be an easy one.
Your Realtor will advise you on market trends, how much
you can expect to receive from the sale of your current home, and handle the
listing, marketing and sale of your property. With the help of a mortgage
professional, they can guide you in determining how much you can afford to
spend. However, determining when the time is right to move up is a very
personal decision. So in the end, it will still be you and your family who
will decide.
Moving up can mean anything from additional space to a
completely new lifestyle. It is all about getting to where you need to be. When
the time is right to make the change, plan to work closely with a trusted real
estate pro, and remember to enjoy the whole experience.
No comments:
Post a Comment