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Owning a home is a huge decision, no doubt one of the biggest decisions you will ever make, and not to be taken lightly. When it is all said and done and you have those keys in your hands, buying a new home is rewarding and freeing with all this space that you can make totally your own. Of course we understand the thought of owning a home might be daunting, but don’t let the cons intimidate you too much, outweighing all the fabulous pros! Finally getting out of that rental place and owning the house of your dreams is just steps away. Or, maybe, you’re a homeowner simply considering a change of environment from your current abode? No matter if you’re a prospective first-time homebuyer or otherwise, here are a few signs you might be ready for an upgrade.
You are Tired of Renting and Want to Build Equity
Are you tired of paying for your landlord’s mortgage in rent instead of your own?
Almost everyone starts by way of rental properties as it’s the quickest and easiest way to gain independence. One of renting’s excellent benefits is being able to rely on someone else for maintenance issues and expenses. Extra expenses like condo fees or property taxes aren’t of concern when renting, but renting can be restrictive when it comes to the ability to really make the space your own.
If this rings clear for you, I think it’s time for you to consider buying your first home! If all your ducks are in a row, you are financially stable or had a great promotion. Home ownership is a significant next step in your life.
You Want More Space
Are you outgrowing your current home?
Perhaps it’s your first home or you want more room for entertaining. If your family or hobbies are growing, it’s time to upscale! Now is the time to invest in those amenities you have longed for, like a new gym, nursery or bonus room. Once you have experienced a home where storage is lacking, you will appreciate having enough space to tuck unwanted items away even more. In this case, appropriate storage and closet space is a must!
You Want Less Space and Fewer Responsibilities
Do you want less space, less cleaning and less work in general?
The last of the kids have moved out, you don’t have enough time to manage such a large home, or it’s increasingly difficult to keep up your house. Downsizing can be a great way to save money, time, and energy as well. Less space also means lower mortgage rates and taxes.
The Upkeep of Your Current Home is Becoming a Burden
Has your house become a money pit over the last few years?
If parts of your home break down every month or week, now could be an excellent time for a fresh start. Another great option is to replace that furnace or roof for resale value or leave it for the subsequent owners.
Your Commute has Changed
Do you now work from home, or have you changed jobs in the last few years?
Maybe your house is too far from your workplace or you’re craving that big office space to work from home. Maybe there are great schools or daycares you have your eye on for the kiddos, but they’re feeling like more and more of a hassle to get to. These are perfectly good reasons to consider uprooting your family to be able to commute quickly to your favourite and most used amenities.
Your Neighbourhood is Deteriorating
Has graffiti, crime or feeling unsafe slowly become a problem in your neighbourhood since you moved in?
Now might be the time to move to a safer area. Nothing compares to the feeling of ease with nice pathways to stroll in parks or even walk with a friend at night without worrying.
You Want To Make Your Mark
Are you dreaming of decorating in your style, new appliances or having that butler pantry?
Building a custom home is an attractive option for those looking for a perfect place. It allows you to pick everything from tiles to countertops to paint colour. If this seems just out of reach, purchasing an already existing home might be a good choice. You will still be able to unleash your creativity by painting the walls, buying new furniture or even renovating to make it yours!
The Housing Market is Ideal (A Buyers Market)
Are you asking yourself when you should buy a home?
The answer could be right now–there are diamonds out there! It’s a hot market and sellers are motivated, which means more housing options for you. Plus, new home builders are offering incredible financing options and hassle-free move-in options.
Are you seeing the signs? No matter the need, our team of experienced REALTORS® have our eyes on the market (and the prize–your dream home) and ready to find you the perfect next step!
