You may be experiencing the niggling feeling of itchy feet and a desire to sell your property. It can be hard to put your finger on why you have a sudden craving to list your home and take the next leap up the property ladder, but something is telling you it’s time to move on. While stressful, it is often necessary to move house to allow our lifestyle to be maintained and help us play the market for our own financial gain. Take a look at these four telltale signs that it’s time to sell your home.
Space
The number one reason for shipping out is space or simply a lack of it. If your storage solutions are fit to bursting, you have barely enough room to swing a cat, and your living room is crammed full of the seating needed to make sure everyone is comfortable in the evening, you need to head to a bigger pad. You may have bought your first property when you were young, free and single. Now, with a partner and two kids in toe, that two-bed townhouse simply isn’t fit for purpose. Although it might be too small for you, it’s still important to exude space for any potential purchasers. It’s time to declutter, dress your home appropriately and create the illusion of space.
A New Job
If you’ve recently started a new job and it’s in an entirely new locality, you may need to move for logistical purposes if nothing else. While you may love your home, a three-hour commute every day simply isn’t cutting it. When you are looking for homes for sale, ensure that any potential dwelling is near decent transport links, is a manageable commute even in rush hour and offers the same sort of lifestyle that you enjoy in your current home.
You’ve Met A Significant Other
If you bought a property on your own and saved up for own deposit with your own hard earned cash, you might be very protective over your asset and want to ensure your investment remains in your name. At the same time, if you meet someone new, start a relationship and eventually see yourself settling down with a partner, you may need to reconsider your living situation. Nothing is stopping you keeping your current humble abode, letting it out and purchasing somewhere new with your loved one. You are still demonstrating a commitment to the relationship, but holding onto your asset at the same time. This can make sound financial sense for the future.
Releasing Equity
If you have made improvements to your home over the past few years, whether this is a simple redecoration, upgrading the kitchen and bathroom or adding square footage through an extension, you’ll have hopefully built up sound equity in your home and outperformed the market. Get a few agents around and ask them to value your property. Take the average and work out how much profit you’ve made. The chances are you may be able to invest more than you thought into your next home, decreasing your mortgage and increasing your disposable income.
While the thought of endless boxes, brown tape, property lawyers and removals vans don’t thrill you, the idea of moving forwards does. If that itch in your feet doesn’t subside, it’s time to move on.
