The average homeowner stays in the same house for about ten years, according to the National Association of Realtors® – but what if you outgrow your home before that?
And how will you know when it’s time to move on?
5 Signs You’ve Outgrown Your Home
For many people, it’s not exactly obvious that they’ve outgrown a home and it’s time to find a new one – and outgrowing doesn’t necessarily have anything to do with the family itself growing. So how do you know?
These five signs can be signals that you’ve outgrown your house:
- Your neighbors just sold their home for a great price
- You feel stressed about your finances
- Your family has changed in size
- You’re tired of maintenance costs
- You’ve been there for at least 5 years
Your Neighbors Just Sold Their Home for a Great Price
When houses similar to yours (in age, size and amenities) are selling in your neighborhood for a lot more than you owe, it might be time to pack it in and gather a profit on your home.
You Feel Stressed About Your Finances
Sometimes owning a house is too expensive – and renting can be a better deal. In other cases, buying a more affordable home is the best option. If you’re sick of the stress, maybe it’s time to call a Realtor® and make a change.
Your Family Has Changed in Size
Whether your family has grown or become smaller (hello, college!), you might have the wrong-sized house. If that’s the case, start asking real estate agents to tell you how much your home is worth so you can find out if a move is a good choice for you.
You’re Tired of Maintenance Costs
Maintenance costs really add up, and over time, you end up spending more and more on fixes. When those costs start spiking, it might be time to spring for a newer home with lower upkeep costs.
You’ve Been There for at Least 5 Years
It takes at least 5 years to start building decent equity in a home, so unless it’s unavoidable, you should probably hang on to your home for at least that long. If the market is booming, it’s definitely worth looking into.
Are You Selling a Home in Jacksonville?
We’d love to help you sell your home in Jacksonville quickly and at the right price. Call us right now at 904-806-4274 to find out about our premium property marketing strategies that can put your house in front of all the right buyers.