Move or Improve?
Moving is not something one should do haphazardly. There are a lot of things to consider, including the people that are part of your move and the people affected. It can be expensive and it takes a lot of energy to pack up everything and then unbox it all again. Check out Build Idaho's 10 Points to Consider for your next real estate move!
- Do you own your home? How much do you owe on this home?
If you do not owe much, are you ready, willing, and able to afford a larger mortgage payment?
- When you purchased your home how much did you pay?
How much home do you want to buy now? How much could you sell your home for today? How much will you net after all expenses including fixing or remodeling the next one?
- Cosmetically how would you rate your home today?
Is it ready to sell or do you need to do some minor clean-up, repair and painting, etc.?
Are you going to need to invest in the current house in order to sell in for top dollar?
- What is your current annual property tax bill?
If you know where you are moving and what price the next home might cost, do a comparison, especially if you are moving out of the area.
- Is your goal to live in your dream house, or will any comfortable house meet your needs?
In other words do you want more house or better amenities, or both? If you move to a house today that has all the features you need, what would it cost?
- How long have you lived in your home?
Are you moving to accomodate more people or downsizing? Is this going to be your forever home? If you remodel or move, how many years will you live in the house?
- Do you plan on finding an imperfect home and then remodel?
Who will do the basic design sketches and ideas? Will you prepare the design drawings and apply for the permit yourself or hire someone? Will you manage the project yourself or will you hire a full-service contractor? How much of the work will you do yourself? Electrical, framing, painting? What are your feelings about the remodeling process? Are you excited about it?
- Will you hire a full-service mover, or pack yourself and rent a truck?
Reminder- moving is expensive.
- Are you satisfied with your local schools?
If Schools are important, how important is the quality of the schools to you?
- How do you feel about the location of your home in relation to your place of employment and other places you visit regularly (grocery store, etc.)?
How important is the neighborhood to you? Do you like your current neighborhood?