If there’s one thing that Covid-19 taught us all, the RIGHT home can be the difference between calm and chaos. That’s why we’ve put together 5 ways to know if it’s time to buy a new home.
by Atomic Mommy Editors
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If you’ve been living in an apartment or condo, you may be thinking it’s time to buy a new home. But how do you know that it’s the right time?
The short answer: you don’t. Everyone’s timeline is different, so there’s no specific time to buy. What you can be sure about is that buying a home is a serious commitment, and if you’ve already done it, then you know this to be true. But if you’re a renter, then you may be wondering about the in’s and out’s of the process. It is only natural to have questions.
So how do you figure out if it’s time to buy a house? You need to ask yourself a few questions. First and foremost, you’ll need to know if you can afford a mortgage payment, and the best way to find that out is by speaking to a mortgage lender. Whether they are a bank working with a mortgage solutions wholesale company to provide mortgages, a mortgage broker, or an independent mortgage professional, they can also help you figure out other important aspects like interest rates and loan terms.
But that’s just one small part of knowing if you’re ready to buy a new home, and that’s why we put this guide together for you. So, let’s get started!
#1 Your Home is Shrinking
There are two extremes in this scenario. You may either feel like every cupboard is about to burst open and that your family is growing by the day, OR you may find that you have endless rooms that you just aren’t using. For example, you might be looking to leave your family home after retirement and be searching for a home in a 55+ community in Tennessee, or a 55+ community wherever you are looking to live. Whatever your feelings are, if you can relate to either of these situations then this could indicate that now is the time for you to buy a new home. But finding the right home is more than checking a few online sites, sometimes the better route to go is using a real estate company like one of the many Winston Salem realtors–realtors are the ones to help you find that extra square footage!
#2 You’re Constantly Looking at Houses
If you’re spending a lot of time checking what’s available on the housing market, then you are probably ready to make the leap into a new home. But with the current real estate trend, houses are going for way over-asking and selling extremely fast. In turn, this keeps you from buying the home of your dreams. So, what other options do you have at your disposal? That’s simple. Have you considered using home builders? All you would have to do is pick the right company, work with them on what your dream house would look like, and then get your real estate agent to find the right piece of land that fits your vision.
#3 Your Home’s DIY List Is Out of Control
If you feel like your DIY list is growing more and more by the day, then you will know how frustrating this can be. You may feel as though things become less important to you and that you just don’t maintain your home like you used to. It may be that the lightbulbs in the spare room have blown and you just don’t have the motivation to replace them, or that your wallpaper is falling down, and you just don’t care. Either way, signs like this show that you are losing the passion that you once had for your home, and it is also a clear sign that now could be the right time for you to move.
#4 Your House Has a Long List of Problems
If you find yourself saying “the problem is…” and then listing a huge range of issues about your property, then this could indicate that you are already ready for a change. It may be that you are too far away from the office or that you don’t live close enough to your friends. Either way, if this sounds like you, then you are telling yourself that something needs to change. If you are ready to move, then getting a mortgage quote can help you figure out two things: (1) how much house you can afford and (2) if a newer house with less problems is in that new budget.
#5 Your House Doesn’t Fit Your Social Agenda
If you feel your home is not fit for entertaining, then you will find yourself longing for the perfect home that can. Perhaps you refuse to invite friends over for dinner, or feel like there’s just not enough room to host a Super Bowl party. Issues like this can really impact your happiness.
Rather than stay in a home that no longer fits your lifestyle, buy a new home that does! Don’t worry about all the fuss and muss that comes with a move. After all, you can always hire a company like movers charlotte nc to get you out of your old house and into your new house, fast and easily!
The Takeaway
Use these tell-tale signs to help you decide if you’re ready to buy a new home. Don’t waste any more time in a home you’re unhappy with. Seek out guidance and assistance from your local real estate agency and mortgage brokers, for more in-depth information on the housing market.