Is Moving This Year a Good Call? Questions to Ask Yourself!
Are you thinking of making a move this year? If you’re wondering about it, but not sure where to start or if it’s the right time, you are not alone. We all experience times when we’re not sure which option will be the best for us and our loved ones. But here’s a simple checklist to get started. These are questions to ask yourself to help you narrow down why you want to move and if you’re ready.
Question 1: What are you hoping to gain?
Start with this question: what is it I am hoping to gain with this move? Another way to word it is: what is missing from my current home situation? This will help you navigate what exactly your goal is with a move. Sometimes we have an urge for a change of scenery. There’s nothing wrong with that being the reason. However, moves can be huge stressors as well, so make sure that what you are going to gain is worth the work and stress of moving. Are you hoping to gain more space to spread out? Perhaps your job situation has shifted, and you want a designated home office. Or maybe you and your partner are wanting to grow your family. Or are you hoping to gain more outdoor space and quiet? Maybe then you are considering moving out of a city or suburb to a country location. Maybe you are hoping to gain greater sense of community by moving closer to friends or family. Knowing your “why” will help you stay on track.
Question 2: What are your priorities?
Once you know this why of moving and what large scale aspect(s) you are hoping to gain, begin to work on narrowing down your priorities. This can include a “non-negotiables” list as well as a secondary “wish” list. If you are moving to gain more space, “home office” or “yard” might go in your non-negotiables. But aspects like fireplace, chef’s kitchen, or jacuzzi tub in the master bath might fall on your wish list. And even with the larger aspects, you want to know before you start looking what your top priorities are. Because you might have to compromise even on these larger aspects. For example, you might have to choose between being super close to family or having a large yard if the area is more populated. Knowing the top aspects will help you navigate those decisions and compromises.
Question 3: What is your overall budget?
Thinking about budget may not be the most fun task but it is certainly one of the most vital. And staying within budget will directly affect your long-term financial goals and your stress levels moving forward. Take the time to sit and plan out your budget for a mortgage but also for the extra expenses associated with moving, such as closing costs, moving fees, and initial maintenance tasks. It’s also good practice to factor in long term financial goals when planning a move. This will prevent you from biting off more than you can feasibly chew. For example, maybe a long-term goal is retiring at a certain age or travelling more in the coming years. Factor in those extra retirement savings or that travel account so you don’t overspend on a mortgage, limiting those other goals.
Start with these questions to evaluate if now is a good time for a move. And when you’re ready to find your next home, I am here to help you find the perfect one!
