Home sweet home. This is the place to find happiness. If one doesn't find it here, one doesn't find it anywhere. ~ THERE ARE SO MANY WONDERFUL REASONS TO COME HOME ~ THE BEST PART OF ANY DAY IS COMING HOME ~ IT'S NOT HOW BIG YOUR HOUSE IS BUT HOW HAPPY YOUR HOME IS! ~ EVERY HOME HAS A STORY TO TELL ~ IT TAKES HANDS TO BUILD A HOUSE AND HEARTS TO BUILD A HOME ~ Winney the Pooh says "Home is the comfiest place to be" ~ HOME INSPIRES US TO GO OUT IN THE WORLD AND DO GREAT THINGS AND RETURN TO BE REFRESHED ~ HOME IS MY SAFE PLACE ~
Does Moving Up Make Sense?
The answers to these questions will help you decide:
How much equity do you have in your home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of paying a mortgage, but if you’ve owned your home for a number of years, you may have significant unrealized gains.
Has your income increased enough to cover the extra mortgage costs and the costs of moving.
Is the neighborhood still a good one for your needs? For example, if you’ve had children, the quality of the schools may be more of a concern now than when you first purchased.
Can you add on or remodel? If you have a large yard, there might be room to expand your home. If not, your options may be limited? Also, do you want to undertake the headaches of remodeling yourself?
How is the home market? If it’s good, you may get top dollar for your home.
- How are interest rates? A low rate not only helps you buy more home, but also makes it easier to find a buyer.
Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright / All rights reserved.