Few Americans stay in the first home they purchased through the rest of their lives. As life events shift and alter your course, you will likely find yourself re-evaluating your needs and means. And while there’s no one tell-tale sign that you have outgrown your home, many factors can create a need to relocate. Here are some common identifiers that your current home no longer fits your lifestyle.
Changing Family Size
You may have bought your first home when it was only you and your spouse. But if you have added children or welcomed an aging relative into your household, the two-bedroom home may not make sense anymore. Conversely, if your kids are grown-up and have left the nest, you may no longer need the extra space.
Not Enough Room
If your home feels cramped and you have noticed you no longer have enough storage space, it might be a good time to relocate. It is only natural that people acquire more things through life, such as clothes, souvenirs, and fitness equipment. Either way, lack of storage is one of the most common complaints from folks looking to upgrade.
Change in career
New employment opportunities and career growth are compelling reasons to expand into a larger home. With more financial flexibility, you are able to afford a home with greater square footage and perhaps in a more desirable location. In addition, you may want to consider the commute between your current home and your new office space.
Whatever your reason might be, moving up is an exhilarating experience. Make sure to stay attuned to the signs you’re ready to move and keep an eye on the housing market!
Is there anything that The Sharpe Mortgage Team can do for you this week? If you’re interested in purchasing a home or refinancing your current home in Winston-Salem or the surrounding areas, give us a call! We can discuss your financial goals and discuss a loan program that might be right for you.