At one time or another, most homeowners reach a point where they find themselves asking, “Is it time to move?”
Since moving to a new home can involve a major lifestyle change and some expense, it’s a decision that merits some thought and consideration. Here are EIGHT signs that it may be time for your family to move on – and up – to a new home:1. Your family is growing: Perhaps you were single when you purchased your current home and now you’re married with kids. The addition of more children is a common reason many families decide to move to a larger home.
2. You desire a better school system: Parents who were perfectly content in their current home when their kids were toddlers may decide it’s time to move when their children reach school age. A Back to School survey by Realtor.com, in fact, found that three out of five home-buyers said that purchasing a home within a specific school district was important to them.
3. You need more space: Let’s face it, families today have more stuff. Today’s homes are filled with large-screen TVs, entertainment systems, computers, exercise equipment and other gadgets that the homes of even 20 years ago simply weren’t built to accommodate. Add in a few kids and a pet or two, and it’s easy for homeowners to outgrow their current digs. Many homeowners also look to find a home with a bigger yard to give their children and pets more room to play.
4. You want a safer community: Urban dwellers may find that the suburbs become more appealing as they add children to their families. That’s especially true as children become teenagers: Some homeowners opt for a master-planned community or gated community for their new home, since such communities often provide a safe, secure environment along with lots of amenities such as pools, athletic courts and special events geared just for teens.
5. Your needs have changed: Your current home may have suited your lifestyle to a “T” when you bought it. But often our needs change as time passes. Have you taken a new job – and a longer commute along with it? Would a home office allow you to telecommute? Or would an upstairs laundry room simplify your household chores?
6. You’re debating whether to move or remodel: If you’ve seriously considered investing in a major home remodeling project, your current home probably no longer meets your needs. Be sure to consider the costs and disruption to your life, however. While moving to a new home certainly presents its share of challenges, Remodeling Magazine notes that in 2013, the average cost of a master suite addition was more than $101,000, while a major kitchen remodel cost nearly $54,000. And that doesn’t take into account the disruption of living without a kitchen during the remodel!
7. Your income has increased: Perhaps you bought your first home when you were just beginning your career. If you’ve since advanced and have gotten married – adding a second salary to the family income – you may be well positioned to take advantage of historically low interest rates and upgrade to a larger, more high-end home.
8. You’ve built equity: If your current home has increased in value since you first purchased it, you may be able to apply that equity to a new, larger home and possibly even enjoy lower monthly mortgage payments than you do now.
Interested in a new home? Visit the Nocatee Welcome Center or call 1-800-NOCATEE to learn more about the new homes available in one of Florida’s most popular master-planned communities.