Leaving a home can be difficult, especially if you have lived there for a long time and you are sentimentally attached. However, sometimes a move becomes necessary due to financial, personal, or size reasons. What are the signs that it’s time to move homes? How can you know it’s a wise financial decision? Let’s take a closer look at a few signs that it might be time to move homes.
How Do You Know It’s Time to Move Houses?
Of course, there is generally no “black and white” method of determining when you should move. That is ultimately up to the person who knows your needs best – you! However, if you are on the fence about it, ask yourself if any of the following signs apply to your current situation.
You’re starting to outgrow the building.
If your home has recently seen an increase in occupants, things might feel a little cramped. Babies, pets, in-laws, parents, etc. have a knack for making walls feel smaller. If you have outdoor pets and not a lot of yard space, it feels even tighter. If you notice yourself starting to outgrow the home you are in, it is typically better to make the move earlier rather than later (before you go crazy!).
The building is starting to outgrow you.
On the other hand, you could be on the reverse side of things. If your children have all left for college, you’re down to one pet, and the house feels quieter than ever before, it might be time to downsize. Downsizing can be difficult for sentimental reasons, but it usually saves money and makes maintenance far easier.
The surrounding area is taking a dip in sales.
Another thing to keep in the back of your mind is local resale value. The value of your home has a lot to do with the value of the surrounding homes and area. Keep an eye on the market. If resale value is steadily decreasing as the area gets worse, it might be time to abandon ship and make a better investment. Additionally, make sure to keep your safety in mind as the neighborhood changes.
You’re sinking a lot of money into repairs without seeing a return on your investment.
Old, outdated houses often cost more money than they are worth. Particularly if you need new systems (septic, HVAC, etc.), your home can begin eating into your bank account. If you notice yourself spending a lot of money on repairs and replacements, consider giving that money to a new home instead.
You can’t escape the feeling that it’s time for a change.
Sometimes, there is no reason for a move other than your gut says it’s time for a change. Life is short, so keep it adventurous. If your home doesn’t feel like home anymore, or you are simply ready for a change of scenery, these may be signs it’s time to move. Look for new options within your budget. Custom homes make the change even more exciting, as you can personally design your ideal living situation.
Tips for Choosing a New Home
Once you have decided that it’s time to move, it is important to take the proper steps toward investing in a wonderful new home. Make sure you keep the following tips in mind when moving houses.
- Evaluate the surrounding area for safety and resale value.
- If you buy a preexisting home, consider how much money it will take to make necessary changes and updates.
- Make a list of the qualities that you want in a new home and refer back to it when searching.
- Consider going modular so that you can customize your home at an affordable price.
- Look for a home with energy-efficient appliances and systems to save money on a monthly basis.
How Can Next Modular Help?
At Next Modular, we know that choosing a home is likely one of the most important financial decisions you will make. As an experienced modular home builder, we are committed to being your guiding light throughout this process. If you need a Modular Home built near Goshen, Indiana, or if you have any further questions regarding resale value, call us today.