Whether your current home has become too small for you and your family or you’re planning to expand, perhaps it’s time to change your home. People often ignore the signs of feeling confined and uncomfortable in their home. They often blame it on other factors rather than the real one – a simple lack of space. It’s understandable as deciding to change your home is a major change and most of us are reluctant to initiate it. Nevertheless, if you did decide that you need a new home, it’s only the beginning. You still need a lot of planning, research, time and effort to actually go through the whole process. This is where we come in with a few tips on how to handle the whole situation without being overwhelmed. When it’s time to panic, just take a few deep breaths and have the following step-by-step guide in mind.
Prepare your financials
The first thing you need to do is get a realistic grasp on your own budget. It’s the first step because it gives you a clear niche of property and housing options you can actually afford. There’s no point in looking at houses that are out of your league. It will just make you feel depressed and demotivated and you definitely don’t want that. Instead, go to a bank and see if you can be approved for a mortgage or a loan and for how much money exactly. Once you have this part covered, buying a new house will start sounding more real than ever and you will have some kind of a pointer during your search.
Check the market
Buying a new house isn’t a rash decision, nor it is a rash action. This is why you need to invest a lot of time and research into choosing your new home. It isn’t just about finding what you like and what you can afford, but about the current conditions in the housing market and whether it is going to change in the near future. If the prices are too high currently, you won’t have a problem waiting a bit for them to stabilize, if it makes sense. On the other hand, if a sudden price fall happens, be ready to snatch a house at a great price. For instance, Australian housing market is going wild and people are getting some quality luxury display homes in Sydney at a great price. It’s all about information. The more you know, the better offer you’ll be able to find.
Think about the neighborhood
People can get carried away and only focus on the house itself. Naturally, it’s important how many floors and rooms a house has, the location of the bathroom, size of the backyard and all other criteria your family has for a dream home. However, you mustn’t forget that you’ll be living in that street and that area, as well. You need to search for the safety of the street, whether or not it’s well lit at night, check the crime rate in the area and see the vicinity of schools and work, as well as school ratings. Is there a grocery store and a pharmacy nearby? It seems silly, but it’s going to be the place you live for years to come and all these things need to be checked.
Assess your financial situation upon choosing
Once you’ve chosen your dream home, you need to make another financial estimation. Take your mortgage or loan monthly expenses. After that, you need to add all new expenses such as gas consumption for a ride to your workplace and your kids’ school. Since you’re moving into a bigger house, your bills will be higher. If the yard is bigger, there are also additional expenses regarding maintenance, so it’s best if you put it all on paper and see if you can really handle that.
Lastly, you need to put your emotions on a back burner. Sure, this is a major change and there are many happy memories you’ll carry with you. You’ll be sad and nostalgic at times, but you mustn’t grieve too much for your last home.
Accept the fact that you have a new one now and that the most important thing is the fact that your whole family is joining you. You’ll have plenty of time for some new memories and happiness in the new house, as well.