Moving home can be a daunting and stressful experience, so many of us put it off for as long as they have to. We don’t relish the anxiety, disruption and feeling of displacement that tend to accompany moving ourselves and our families to a new neighborhood, a new state or even a new country. That said, there are times when the home we love so much is no longer fit for purpose, and you feel that you need something a little bigger and more spacious.
But, before you call national movers, it’s important to ask yourself some searching questions to ensure that now is the right time to make a move. Relocating, especially to a bigger property can be a risky endeavor.
Knowing the risks
It’s important to know what you’re getting in for if you’re going to make an informed decision. Even if your personal circumstances are conducive to a move, you should be mindful of the property market and the implications that are inherent in a larger property. For example:
- Will you be able to afford the increased utility costs?
- Will you be able to sell your property if you need to downsize?
- Can you add value to the property with renovations or extensions?
- What will you do if the market takes a downturn and you end up in negative equity?
- Are you cognizant of the various administrative charges that will go with the move such as realtor’s fees, indemnity fees, broker’s fees and conveyancing costs?
With these caveats in mind, it’s vital to know that you’re moving for the right reasons. These may include
New additions to the family
Congratulations! You have a bouncing baby on the way… Whether it’s your first or a new addition to your merry brood, a growing child needs space to grow and develop. While siblings can share rooms, it’s better for their development to have a room of their own that they can maintain and decorate (and be responsible for cleaning) as they develop their own sense of taste.
Caring for elderly relatives
You or your partner may have a beloved relative whom you’ve decided to take in so that you can care for them with dignity and privacy. If this is the case then they should most certainly have their own room (and, ideally their own bathroom) so that they can afford themselves a measure of independence.
You’ve started your own business or are working from home
Thanks to the miracle of the digital age, a great many of us are now living the dream of running their own business from home. Even non-entrepreneurs are increasingly joining the ranks of telecommuters who work from home. If you’re a busy parent, then this is an ideal opportunity to address your work commitments while still being only a shrieking baby monitor away from giving your kids the care and support they need instantaneously.
Working from home has its undeniable benefits but there are also some caveats. It’s important to have a space which you can dedicate solely for work and this may not be possible in your old home. Moving somewhere larger with space for a home office is vital if you expect to maintain a healthy productivity while working from home.
Whatever your reason for moving, so long as you go in knowing the risks and sure that it’s right for you and your family… Enjoy your new home!