Some people encounter hesitation when they first consider selling their home. If you’re not sure what todo, look for the following signs it might be time to sell your home in Vancouver B.C. .
6 Signs It Might Be Time to Sell Your Home in Vancouver B.C.
1. You Could Use More Space!
You may have recently welcomed the addition of new family members, or have simply added more stuff and are feeling cramped, it might be time to move into a larger space. As your family grows and/or your needs change you will inevitably need more space, not only for people, but for all the additional items that will come along with your growth. Or, perhaps you’re now working more from home and would really benefit from having an extra room dedicated just for your office space. Maybe you’ve been able to acquire a recreational vehicle (or two) recently and would rather be able to store them at home instead of paying for storage elsewhere? Whatever the reason may be , if you’re feeling like you’ve outgrown your current space and adding to your property isn’t an option, it might be time to relocate.
2. You Now Have Too Much Space!
Maybe you have the opposite problem of too much space, particularly if your kids have moved out, or maybe you’re no longer able to keep up with the work a large property requires. If this is the case it may be time to think about downsizing to a smaller living space. Not only will the home require less maintenance, but you will also save money on mortgage payments, utilities and property taxes. After you’ve downsized and start benefitting from the reduced stress that usually comes with less property maintenance and clutter you’ll likely be pleasantly surprised at how much better you feel!
3. The Neighbourhood Has Changed
You may have originally moved in to a quite family-oriented neighbourhood, but recent years have seen a surge in development with higher density residential and more commercial centres in the area, thus resulting in a much busier community than you prefer. Perhaps there has been an unfortunate shift in demographics and crime rates have risen in the area, or the addition of modern homes and rising property values has affected your property taxes. Maybe you just feel like you need a change. Whatever the reason might be, if you no longer LOVE your neighbourhood nobody is forcing you to stay.
4. You Can’t Stand The Weather
Besides the winter rains our weather here in the lower mainland of B.C. doesn’t usually make people want to move away, if anything our weather is a big draw for many that move here. In other parts of the province however the weather can be less than desirable. Maybe you live in the Okanagan and can’t handle the freezing temperatures of the winter and desert heat of the summer? Or maybe you live further north and are getting tired of the long winter darkness and snow staying around until May! You might not realize it but the weather can have a considerable impact on your overall well-being. If you don’t absolutely have to live in a certain area maybe now might be a good time to sell and relocate to a place where you can enjoy the weather year round!
5. Take Advantage Of Huge Appreciation Gains
It’s no secret that over the past few years home prices have gone up considerably in Vancouver B.C. and surrounding area. In the past 10-12 months however appreciation gains have slowed down to more historically average numbers. Some say a market correction and price declines are inevitable, others feel that the upward trend will continue. Predictions aside, we’re still in a sellers market right now which is always the best environment to sell your house, however there is a possibility that could change at any time. If you are planning on downsizing or moving to a less costly area, now might be a great time to sell your home and take advantage of the huge appreciation gains of the last few years and leave you with a good chunk of cash in hand.
6. You Now Spend Far Too Much Time Commuting
Traffic congestion isn’t getting any better and that means people are spending more time commuting to work every year, which unfortunately means they’re spending less time doing things they love like being with their family. Quality time with family and friends, and also participating in other fun activities can play a huge role in maintaining your happiness. Sitting in traffic for countless hours every year isn’t the type life most people enjoy and can happily sustain long term. If it’s feasible moving closer to your workplace will save you precious time, lower stress and improve your overall quality of life!