The Questions You Need To Ask Before Deciding To Move Home

To move or not to move? That, as Prince Hamlet never said, is the question.

 

Before you think about putting your house on the market, you need to consider your position. Sure, moving house might seem like the obvious thing to do, especially if you are bored with your current surroundings or your family has grown, but is it always the best decision to make? Think of the expense. Think of the moving house stress. Think about what you are going to leave behind! Should you move? Or should you (for a while longer at least) stay put?

 

Questions questions questions. We have already posed a few, and now we are going to bombard you with a few more. It’s the least we can do, as we don’t want you making the wrong decision.

 

To move or not to move? You might determine the answer after asking yourself the following.

 

 

Can I afford the expense?

This is a biggie because if you can’t afford to move home, there is little point continuing with the thought process until you can. You need to consider your financial situation first, factoring in the cost of a new house as well as those hidden costs, such as insurance and legal fees, that come with a house move. Then there’s the mortgage to consider. Assuming you get approved for a new mortgage in the first place, you then need the income to meet the repayments. Refinancing your current mortgage might be the way forward for you, but calculate your loan to value ratio to see if this is right for you. Talk to your bank for advice, work out your finances, and if you can afford to move, consider the following questions before going forward.

 

Why do I want to move home?

There are all kinds of reasons why people decide to move home. Some people move because their career demands it. Others move because they need to downsize when finances are low, or they upgrade because their families have grown. And some people move because they are bored with the home they are in. These are just a few of the reasons why a move might be in order. So, what about you? Considering the stress of a move, you should consider why you want to uproot yourself, and then think about alternative solutions. So, if you are looking to downsize your property, you might want to think about ways you can save money in your current property before starting the moving process. If you are looking to upgrade to a bigger home, you might consider extending your current property instead. And if you are bored with your home, you might want to think about giving it a makeover, as that will be less costly than an expensive house move. Think carefully, and weigh up your options before coming to a hasty decision.

 

What will I miss?

Think about everything you will leave behind after moving. While these things shouldn’t deter you from making the move, especially if you do need to uproot yourself, there may still be compelling reasons to delay or not move at all if you have the option of staying. List all of the positives about your current situation, from things you like about your current home to the friends you have made in the neighborhood, and ask yourself: Is it time to say goodbye? Sure, you might still have the opportunity to replicate parts of your current home in a new property, and you will be able to keep in touch with old friends, but consider which way your heart is being pulled during the thinking process, and if you start to feel sad and doubtful at the prospect of moving, then perhaps it isn’t the right time after all.

 

Is it the right time to move?

This is twofold. For starters, think about your personal circumstances. Will moving negatively affect your career chances? If you are on the career ladder within your company, you might have to move down a rung or two if you aren’t able to stay with your current employer. Will moving negatively affect your children’s schooling? If they are in exam season or are settled in a school they enjoy, would moving disrupt their education? In every regard, think about each member of your family and how the move will affect them. Secondly, think about the timing of the housing market. You might want to speak to your real estate agent for advice, as you both want to get the best price for your current home and value for money with your next property. If neither is possible right now, you might want to wait until the housing market swings in your favor.

 

Am I ready for the stress and upheaval?

On a physical and emotional level, are you ready for the move? There is much to do, and there may be consequences on your health if you aren’t up to the task. For starters, there is the stress of the house buying and selling process. From dealing with house buyers to searching for your next property, it will be an exhausting time. You will also have to get your house ready for new occupants, and that might include a lot of cleaning and repair work. Then there are all of those emotional goodbyes to consider. Not only will you be saying goodbye to a home you might have fond memories in, but there are all of the people you will have met along the way to say farewell to as well. And then there’s packing to consider, as well as a new start, with the stresses of finding a new job, meeting new people, and settling into an area that might be unfamiliar to you. Are you ready? Are your family ready? While there are ways to make moving easier on yourself, you should still consider the implications on your health if moving is currently optional.

 

What will I gain from the move?

We have mainly focussed on the negatives thus far, and while we don’t want to deter you from moving, it is still important to think on these things to ensure you don’t make the wrong decision. But let’s think about the positive aspects of moving. If these things outweigh any reason to stay where you are, then the decision to move might well be a beneficial one. Will there be more career prospects in a new location? Will you escape bad memories that linger in your current home? Will moving give you the opportunity to improve your social life? Are there any benefits for your family, such as a better school for your kids? Will there be more facilities, such as shopping malls and entertainment centres, in the location you are considering? List all of the pros and cons, factoring in the benefits and negatives for everybody in your household, and let this form part of the basis for your decision.

 

Finally

And so we ask again: To move or not to move?

 

We can’t answer that question for you, but we hope the other questions in this article have been useful for your thinking. In some cases, we suspect the answer should be no, especially if finances are tight and you have listed more negatives than positives. And in other instances, we suspect the answer might be yes, especially if there are benefits to moving, including the opportunity for a fresh start. There might also be aspects we haven’t considered; reasons to both stay or go, so spend time with your own thoughts and those life questions that are relevant to you.

 

We wish you every success and happiness, no matter what you decide to do.