American homeowners rarely stay in their first home forever; they buy and sell several homes over the years to meet the changing needs of their family. How can you tell if it’s time to sell your current home?
1. Your family has grown.
There are many reasons your once spacious home might begin to feel like it’s shrinking. Whether it’s the birth of a new baby, the kids getting older and needing their own rooms, or your parents moving in, you may find the need for more space a compelling reason to sell.
2. Your family has shrunk.
After years of hard work, kids grow up, become independent adults, and move out. When that happens, parents are often left in a home that no longer suits their needs and takes a lot to maintain. If you find yourself in this position, congratulations! It may be a good time for you to sell.
3. You’ve changed jobs since you bought your home.
If you got a new job and your commute grew as a consequence, you may want to find a home more conveniently located.
4. Your kids are starting school.
The right home when you have a baby on the way isn’t necessarily the right home when your child is heading off to school. If the schools in your area aren’t the best, it may be a good time to sell your home and move to a different school zone.
5. Home upkeep is too much.
If you purchased your current home when you were young, you may not have accounted for how much more difficult the upkeep and maintenance would be when you got older. When it does get to be too much, consider moving into something easier to manage.