Selling up and moving home is something most people only do a few times in their lives. Since it’s such a life changing decision it can be hard to know when the time is right, especially when you’ve been in the same place for several years.
To help make your choice easier, we’ve put together five signs it’s time to sell your Melbourne property.
1. Your running out of space
If you’re starting a family, working from home or having guests more often, your property might start to feel a little cramped. This is very common among first home buyers and young families but can affect people from all stages of life.
If you don’t have room to move, it might be time to look at something with an extra bedroom, a study or a bigger backyard.
2. The kids moved out
If you’ve recently had kids leave the nest, your property might be starting to feel a little empty. You might also have considerable equity tied up in your home, which could be released by downsizing and used for travel, retirement or investments.
This is one of the clearest signs it’s time to sell your home and move in to something smaller and more suitable.
3. Too much maintenance
If you’ve recently had kids leave the nest your property might be starting to feel a little cavernous.
Owning a home can be hard work. Hefty mortgage payments aside, larger properties always require considerable maintenance, which means spending either time or money.
For those who don’t have the time or don’t want to spend the money this can be a nuisance. At this stage it’s worth considering moving into an apartment, a townhouse or other smaller property that requires less work.
4. The market’s hot
The best time to sell is always when prices and demand are high. Luckily Melbourne is on the end of record property price growth, and is still one of the country’s leading property markets – which means demand is always high.
Despite that, prices are taking a very slight dip at the moment, so selling sooner may be better than later.
Is it time for a fresh start for you and your family?
5. You’re reading this article
All the reasons in the world don’t matter when you have a gut feeling that it’s time to move from your Melbourne home. If you’re reading this article, that’s a sign that you know you need to make a change and that now’s the right time to start thinking about what it might look like.
For help getting the most out of your property’s sale and choosing your new home, get in touch with the friendly team at your local Brad Teal office.