5 Reasons Why It's Time to Buy a New House
A new year calls for a new house! Many people's new year's resolutions are to buy a new house or to move into their first one and now is the time to buy. Our team of Newport Beach real estate experts at Balboa Realty are here for you every step of the way. We've outlined 5 reasons why it's time to buy a new house and promise to make the buying process smooth, stress free, and of course exciting!
If you're interested in selling your current house and/or buying a new one contact our Newport Beach Real Estate experts and we'll provide you a free home value report! Call us today: 949-386-8310
1. You've Outgrown Your Current Home
Are you feeling cramped in the house you currently reside in? Many newlyweds start with a small place to live with the thoughts to upgrade when they start a family. If you can, think ahead and buy a bigger house before having multiple children and the stress of moving becomes too much. You also might have your mother, mother in law, or a family member move in and need more space. Adding pets to the household can also mean you need a bigger space and possibly a place with a yard. Simply put, if the number of people and animals in your house are growing it might be a good idea to find a larger house to live in.
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2. You No Longer Want to Rent
After a few or many years of renting an apartment, many people get tired of the feeling of throwing money away each monthly rent payment. Buying a home of your own is a considerable responsibility, but when you are ready it can be very rewarding. Once you have enough money saved and can afford a down payment on a house you can select a property of your very own. Think of buying a house like a smart investment in your future. Put down roots and watch your house's value grow over time. The market is hot right now and it is projected to continue upward.
3. Now is a Good Time to Sell
If you are thinking about putting your home on the market, now is a really good time to sell. Keeping a flexible time frame to sell will work in your favor because you won't have to be hasty and you can wait to accept an offer that you are comfortable with. After the past few years, property values are still on the rise and you can take advantage of this by leverage your equity into your next property. Selling your current house will help you afford an even nicer property without dramatically raising your monthly payments.
4. Consider Your Lifestyle
There are many reasons that you might want a new and improved home. When selecting a home it's very important to consider you (and your partner's) daily lifestyle. If you currently commute over an hour to work each way you might want to find a home closer to work. If your children are old enough to go to school, finding a neighborhood with good schools and that is safe might be a priority. Other preferences could be wanting a large backyard, a home with a pool, a work office, a beach house, a gated community etc.
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5. Remodeling Isn't Always the Answer
Most people have small on going house projects to attend to from time to time, but remodeling is a different story. It's important not to underestimate a house remodel and understand that it doesn't always bring you as much money as you think and hope it will. Remodels often take longer than expected, are extremely messy, expensive, and stressful. Your house's value has a lot of compounding factors and many times it's much easier and smart to buy a new house.
Interested in selling? Call us: 949-386-8310 and get a free home value report!
Published on Tuesday, January 17, 2017