The thought of selling the home that you have lived in for years is a sentiment which isn’t lost on the people who have gone through the same process you have. It isn’t hard to see why it is such as big deal – it is the house you first moved into with your partner and the first house your children grew up in. Of course you never want to leave. Unfortunately, things change and for the majority of people it just isn’t feasible to stay in a house because your emotions have gotten the better of you. If in your heart of hearts you know you have to start looking for a new property but want validation before you make such a big decision, here are four of reasons why homeowners sell up.
- Too Small
If you have kids then sometimes the house can seem like it isn’t big enough, in fact a mansion would probably seem like it wasn’t big enough. However, there is a difference between feeling small and actually being small and not having enough room. If this is the case for you – you might have started storing your kitchen appliances in your shed – then you need an upgrade and a bigger property. Overall, it is better for you and the family.
- A New Job
Careers are a massive part of life and it is amazing how they dictate what we do. Moving home is no different so if you have a new job on the horizon you might need to relocate to make life easier. It isn’t nailed on that you will it is just an option that you should take into consideration.
- Fix It?
Unfortunately, your house can make the decision for you. You might have a lot of sentiment for it, but they do not care about you. They can, sometimes without reason, just start falling apart and if this happens then you have to weigh up whether it is worth the money to repair the damage or whether it is better to get to work on clearing out and moving on. For example, you may have ran into trouble which has caused water damage. It sounds drastic but a few problems can be catastrophic to a home and a lot of the time they crop up together to make the situation one hundred times worse.
You don’t necessarily have to sell your first home when you move into a new property. If you have the money or the mortgage then you can buy another house for you and your family to move into, while renovating and renting out your old home. This is a great way of making a bit of extra cash as well as increasing the value of the property.
It is a very hard decision but it is one which can benefit your bank balance as well as your family life. If it makes sense to move for your happiness and you can make some money from the process as well then the decision really does become a lot easier to make – you should never compromise on your happiness.