Then again, a move can be a huge disruption to your life, and it’s a major hassle from start to finish. So how can you determine whether a move is actually worth all the effort and bother? Well, whether you’re living out your golden years, or moving into your first home with a spouse, here are some helpful tips.
Can You Upgrade Your Existing Home?
Sometimes, there are things that we really want for our home, and so we start looking longingly at shiny new housing listings. If our health is getting difficult, it might not even be a matter of want, but need.
Perhaps you’re not able to handle the stairs as well as before, or you need a different kind of shower. However, the truth is that most of the time, it’s much more cost-effective for an individual to update their existing home rather than get a new one.
It’s true that looking at a quote for something like installing solar panels, or putting a granite countertop in your kitchen, can be intimidating. However, when you consider it an investment in your home that increases its value, it puts things in perspective.
Even if you’re planning to move, it might be worth looking into the costs of certain upgrades in order to increase the price point that you’ll be able to get for the house.
Location is the Primary Concern
If the truth is that all the upgrades, expansion, and remodeling won’t answer your needs, then yes… it’s probably time to move. That means that it’s a problem with the location; not the actual house.
There are so many things that determine whether your location is good or bad. Often, it seems as though location and price are directly correlative, and it’s just a matter of finding as ideal a location as possible inside of your price range, but the truth is that location is highly relative. A prime location for one person won’t be ideal for another family.
Here are the major things that you need to ask yourself when choosing a location that matters to you.
Is the school district important to you? One of the major concerns people have when moving is what kind of school their child will be going to. So, if you don’t have children, or if your children are attending private school, or an alternate schooling program, you can save a lot by not competing for the same thing other families are desperate for. This link has a good guide if school district is a priority for your move.
What does your commute look like? One of the biggest things that contributes to (or detracts from) our quality of life is the time we spend in traffic getting to and from work each day. How much does a long commute bother you?
Can you use public transit to reduce costs and stress? Don’t forget; it’s not just about the commute to work. The commute to school, to the grocery store, and to your friends’ or family’s homes can all determine how well a location works for you.
What does your lifestyle demand of your surroundings? Some people love to be friendly with their neighbors. Some of us love to be close to the outdoors. Others love a convenient park in the neighborhood. It’s important not to be distracted by things that really don’t matter to you, though.
Sure, a park nearby is nice, but if you never use or see that park… then it really doesn’t make a difference to you. Let someone else pay for that proximity.
Deciding whether you’re going to rent or buy will also have a big impact on whether it’s time for you to move. After all, it’s a completely different game. Renting will feel much more temporary.
If you decide to buy, you want to be comfortable with a more long-term decision. Even if you need to move from that home, will you be able to get good rental rates if you decide to become a landlord? Will it retain its value if you resell it in a few years?
Although we usually think in terms of finances and employment while we’re looking into a move, the truth is that there’s one thing that matters more; who you share that space with. In the end, money doesn’t make us happy, and few jobs will.
On the other hand, people who have the best quality of life, self-reported levels of happiness, and life expectancy, are those who have strong networks of connection with friends and loved ones.
So, while you’re evaluating your reasons to move, it could be that it just comes down to doing the best thing for your family. That might be enough! Moving doesn’t have to be a terrible hassle if it’s handled right.
Sure, a park nearby is nice, but if you never use or see that park… then it really doesn’t make a difference to you. Let someone else pay for that proximity.
Renting vs. Buying
Deciding whether you’re going to rent or buy will also have a big impact on whether it’s time for you to move. After all, it’s a completely different game. Renting will feel much more temporary.
If you decide to buy, you want to be comfortable with a more long-term decision. Even if you need to move from that home, will you be able to get good rental rates if you decide to become a landlord? Will it retain its value if you resell it in a few years?
People Matter
Although we usually think in terms of finances and employment while we’re looking into a move, the truth is that there’s one thing that matters more; who you share that space with. In the end, money doesn’t make us happy, and few jobs will.
On the other hand, people who have the best quality of life, self-reported levels of happiness, and life expectancy, are those who have strong networks of connection with friends and loved ones.
So, while you’re evaluating your reasons to move, it could be that it just comes down to doing the best thing for your family. That might be enough! Moving doesn’t have to be a terrible hassle if it’s handled right.
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