You were happily living in your dream condo for the past few years but with the arrival of pets and children, you are left with a cramped personal space. Well, it can be frustrating and overwhelming. So, what should you do?
If you are considering upsizing from a condo to a house, you may have to look at a few essential factors that can make your transition easier.
That said, enlisted below are a few steps that can help you relocate and start the journey on the right foot.
First Things First, Set Up A Plan
Upsizing comes with upsized costs. So, before you start getting all excited for house hunting, talk to your financial advisor and estimate upfront costs.
While it is easy to get swayed by emotions, now is the time to be practical. If your advisor suggests it is not an ideal time to buy, you must listen to them, and set goals that will help you get there.
Don’t be disappointed. You can utilise this time to plan and budget things well in advance.
Fix An Emergency Fund
Moving to a new house can be associated with unexpected costs. Apart from the downpayment, you will have to pay the utility provider, the home inspection company, the moving company Germantown, MD. Not to forget the property taxes, commute charges, higher energy bills, etc.
Setting up an emergency fund for all the extra and miscellaneous expenses can prevent stress down the road. Prevention is always better than cure.
Understand Your Goals
You want to upsize because your current space feels cramped, but have you considered how much is too much?
Before you hire a real estate agent and start checking listings, take some time and understand your needs. How many rooms do you want? What about the number of baths? Do you want an extra room for guests or enough rooms for your entire family? Do you want a single story or a duplex?
In a nutshell, discuss with your family, and consider listings that suit your budget and needs.
Keep The Cost Of Repairs And Maintenance In Mind
When house hunting, you have to keep a lot of factors into consideration. Before signing the deal, get a home inspection done, and evaluate the costs of future repair and maintenance.
While many homeowners will truthfully tell you about their past repairs and maintenance, some may hide underlying issues that may turn into expensive problems later on.
The home inspector will give you a detailed inspection report highlighting areas that need to be rectified immediately. Based on the examination, request the seller to make the necessary repairs or negotiate the asking price keeping in mind the money you will have to spend on the same.
Consider the Resale Value
Another important factor that can affect your home buying decision is the resale value of the house.
You are definitely excited to upsize but you shouldn’t fall in love with the first home you see. Choose the location wisely. Make sure it is in close proximity to hospitals, gas stations, schools, community centers, shopping malls.
Look at houses from the eyes of potential buyers. Who knows when you may have to relocate next. Whenever you have to, you will want to claim the best price for this house. So, keep the resale value in mind.
Furthermore, research about the real estate market of the area you are considering to live in.
Plan the Move
Once you have closed the deal on your dream home, you can think about the celebration. Oh wait, there’s another essential thing to do before that: RELOCATION.
So, contact the best moving company in Maryland and schedule their services in advance. You don’t want to wait till the moving day to call professional movers; they may likely be fully booked. Don’t take that chance.
Then, create a packing checklist and go room by room. Don’t forget to label the boxes. This will make unpacking a little easier.
Finally, keep an overnight bag ready and put all your essentials in it.
Upsizing is not a cakewalk. But that doesn’t mean it has to be challenging. With a plan in mind and help from professionals, you can relocate in a jiffy.