This is a question that families will be asking themselves over and over again! Maybe it's just getting to Small around the house for you, or maybe is a school district you really want your children top be in as they get older? Maybe you not sure which school district you should be looking in?
Search and sign up for school and area demographics here....
Here are some good questions to ask to help decide whether you're ready for a home that's more spacious or in a more desirable location. So if you find at the end of this that you're answering Yes to most of these questions than it is More than likely that your Ready! Search for homes in your desired location here....
1. Have you built substantial equity in your current home?
If you have lived in your home for over five years you could have unrealized gains. Check your statement or call your lender. Have homes been selling rapidly in your neighborhood? Curious what your home is currently worth? Find out from a Broker/Appraiser today.....
2. Has your income or financial situation improved?
If you're making more money, you may be able to afford a higher mortgage payments and cover the addition costs involved.
3. Have you outgrown your House and neighborhood?
The neighborhood you picked for your first home might not be the same neighborhood you want to settle down in for good. Maybe its the floor-plan that you want to change? Or is it the schools?
4. Are there reasons why you can't remodel or add on?
Sometimes you can create a larger home by adding on a new room or building up. But if your current property isn't large enough, or maybe your local ordinance doesn't allow it, or your just Not interested in remodeling and dealing with the headaches. Then Moving up is your Best option!
5. Are you comfortable moving in the current housing market?
If your market is hot, your home may sell quickly and for top dollar, but the home you buy also will be more expensive. If your market is slow, finding a buyer may take some time and give you time to look. All the more reason you should work with the Most qualified broker and not just a friend of a friend, this could Cost you Real monies on Both transactions. Call us today for representation..
6. Rates are Still at an All time LOW!
Low rates only help you buy more house at a lessor cost, which also helps you find willing buyers!
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