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5 Questions to Ask Yourself Before Moving to A New Home

Real Estate

5 Questions to Ask Yourself Before Moving to A New Home


A major change, such as a move, is a vital decision that should be the result of long-term planning and careful discussion. Depending on the thought and effort invested, it can solve problems, but it can also add fuel to the fire with expenses, sense of isolation, and other issues. So, it might seem like a good idea, but you have to determine whether it really is the right move when you hold it to the scrutiny of reality? Even if the move appears to be in your best interest, you need to ask yourself the following questions and shed some more light on the matrix of variables.

How is the location?

The importance of location cannot be emphasized enough. It can really make or break your new lifestyle. So, always keep an eye on the amenities that can be found in the vicinity, such as a bakery, park, library, school, café, etc. When they are in a walking distance, your life becomes much easier and you can avoid the costly transportation ordeal. Do not overlook personal relationships, friends, and other people who are close to you. Also, will you be able to count on quiet neighbors who are always there when you need them? 

What goals am I trying to achieve?

There is a wide array of goals people seek to accomplish by moving. Running away from your old life might be better if you have something more tangible to cling on. That something can take the form of being closer to the new job, tapping into a new social circle, or moving in with your partner. Thus, take into account things that you dislike about your present situation and figure out whether moving will really set them right or just disrupt your lifestyle.

Can I afford it?

Next, it is time to reevaluate the situation from the financial standpoint. Biting off more than you can chew may lay waste to your budget. So, it is highly-recommended to estimate how much the move will cost in total. Many people fail to include the cost of living (transportation, for instance) in the new area only to see their hard-earned cash melt away. Do not make such a mistake. Rely on facts and figures; set your emotions aside for a moment and do not let them cloud your judgment.

Do I have everything I need?

A new home can be pretty basic, or it can be equipped with everything you need in your daily life. In either case, sort out your belongings and figure out what you can get rid of and what you miss. Try to distinguish the nice-to-haves from the must-haves. Make sure the essentials are present in the new home and do not forget to inspect whether all the systems are working properly. I failed to do so once and decided to purchase Frigidaire mini split air conditioner, and it turned out great in the end.

Is the time right?  

For various reasons, timing has an important role to play. First off, rents tend to fluctuate based on the time of the year. Likewise, prices on homes can get pretty hot and inflated in the peak season when bidding wars take place. Apart from that, you should see how the weather will be as it affects the logistics. And in case you have kids, it might be a good idea not to move during the school semester. In any event, do not rush things, and leave enough time for research.

Green, green grass of home

Moving is a huge commitment that cannot be embraced on a mere hunch. Therefore, take a good look at your present situation and then consider the long-term frontier. How will your life look in two or five years? See if it makes financial sense to make a move, and keep an eye on location-specific benefits such as access to outdoor recreation and entertainment. Weigh the pros and cons and factor in your emotional and physical well-being to make the right call.

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Writer: Lana Hawkins 

Disclaimer: All investing can potentially be risky. Investing or borrowing can lead into financial losses. All content on Bay Street Blog are solely for educational purposes. All other information are obtained from credible and authoritative references. Bay Street Blog is not responsible for any financial losses from the information provided. When investing or borrowing, always consult with an industry professional.

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