It is a big decision to decide to sell your home.
It entails relocating your family from a home they probably adore to a brand-new, strange one. Even if you only move locally, you will still be moving away from friends, neighbours, and familiar surroundings. There is always a compelling reason for making this life-changing decision, but studies have shown that it still takes an average of two years from the time you first consider selling to the time you finally decide to sell your home. Below are the top five reasons that people decide to sell their homes.
Relocating
People need to relocate for a variety of reasons. They may have been offered a better job in a different part of the country; they may need to move to a catchment area for a better/more suitable school for their children; they may need to move closer to elderly parents; or they may need to move to reduce the length of their commute to work.
Upsizing
As families grow, they may simply outgrow the size of their home. They may have more children, or if their children share a room, they may decide that they need to have their own space as they get older.
Downsizing
The opposite occurs as children start to leave home. Paying to heat and maintain a home larger than they need may spur empty nesters to move to a property that is a better size for their needs.
Lifestyle
The most common lifestyle change is a move from the city to the countryside. It is most commonly associated with couples starting families and moving from a busy city to an area where their children can have a bigger garden to run around in and where the money from the sale of their compact city property can purchase them a much larger property. However, it is not only young families that make this move. Older couples at the end of their careers may choose to move away from the busyness of city life in order to have a more peaceful retirement, and others may even choose to do the reverse, moving to the city once their children are grown and flown.
Equity Release
This can be done by selling and then buying a cheaper home. This is a big motivation for selling for downsizers, who get the benefit of a more manageable home and a lump sum of cash to spend enjoying life. It can also be a motivator for people who love to renovate properties and then move onto the next project, investing the equity they have released into their next property.
If you are considering moving in Hampstead, please do give us a call on 020 7759 2199 or send an email to enquiries@vitaproperties.uk and we will be happy to help you decide on the best option for your family.
