You’ve made incredible efforts to afford it and you’ve spent some of the happiest years of your life in it. And still, at this moment you feel ready to replace your Californian home with a cheaper, smaller, less pretentious substitute. Would this be an inspired decision? You don’t need to be a real estate expert to realize that house prices are bouncing back in some of the most sought-after metros, including San Francisco, New York City and Los Angeles. This means that you will most likely be able to advertise and sell your home at a profit in no time. In a buyer’s market, it can be difficult to seal a great deal, especially when your prospects are Internet savvy, conduct proper research and drive a hard bargain. Even under these circumstances, sometimes you just have to take chances. If you feel that it’s time to relocate and start your own house hunt, here are a few reasons that could justify a potential home selling process.
Your Property Doesn’t Match Your Everyday Needs. Are you getting ready to have your fourth child? Do you plan to receive your elderly parent in your home at some point in the future? All these changes can turn your current property into an overcrowded, stressful environment. If you feel ready to expand and grow your family but don’t really count on too much extra space right now, perhaps it may be a good idea to sell your elegant home located in an upscale neighborhood and opt for a more spacious house with a large garden located in the suburbs.
Your Family Is Shrinking. On the other hand, if your kids are all grown up and getting ready to leave for college, it really doesn’t make much sense to stay with your spouse in a 5-bedroom house. Your old mansion will seem empty without your youngsters; plus you will spend a lot of money on utilities and maintenance work; a smaller crib could ensure a more intimate, cozy and soothing ambiance and allow you to reduce your monthly expenses and save for the things that you have never dared to dream about until now, like that 12-days cruise on the Mediterranean or a new sports car.
You Can’t Keep up with the Rising Maintenance Cost. How much does your property cost you on an annual basis? If your answer is “too much” perhaps it may be wise to implement a few essential lifestyle changes and ditch the unnecessary caprices that burn holes in your pocket. Instead of spending a fortune on an ultra-glamorous Californian home requiring an army of housekeepers, landscapers, decorators and handymen, you could always start fresh in Southern California, in a prosperous suburban community that will boost your independence and help you see your entire life from a different perspective. In the suburbs you can get great deals on well-built 3-bedroom homes used by current owners as vacation residences. For around $60,000 you could find a gorgeous property where you could retire comfortably and keep your monthly expenses under control.