Many people encounter some hesitation when they are first thinking about selling their home. If you’re on the fence, consider these signs that t’s time to sell your home in Raleigh.
6 Signs It Might Be Time to Sell Your Home in Raleigh
1. You Need More Space!
Whether you’ve added family members or simply added more stuff, if you are feeling cramped, it’s time to move on. You will inevitably require additional room as your family expands. Not just for people, but for all that additional stuff! Or maybe you are working from home, and require the services of an office to be effective. Have you always wanted a man (or woman) cave but lacked the necessary space? Whatever your reason, if you are stifled in your own home, and adding an addition isn’t an option, it is time to leave!
2. Empty Nest
On the other hand, if your kids have moved out, or the house simply feels too big, it might be time to think about downsizing into a smaller home. Not only will the home require less maintenance, but you will save on utility bills and property taxes. Offloading years of accumulated “stuff” can be a big stress relief and even put some cash in your pocket if you hold an estate sale. Cleaning a home and maintaining a large yard can become increasingly burdensome as you become older.
3. Your Community Has Changed
It was a quiet area with a few families when you first moved in. But now, there are major roads running through the area, a coffee shop on the corner, and people and traffic everywhere! Maybe crime rates have risen, or the addition of modern homes has had an impact on your property taxes. Do you live in a community with a strict HOA? If you don’t like your current neighborhood, you might want to consider relocating to a better one.
4. You Can’t Stand The Weather
Do you constantly complain about the heat and humidity? Or maybe you are still getting snow in May and fed up with it! Nobody should live in an unsatisfactory environment. Stop wasting time living in a climate that you aren’t suited for. Now is the time to sell, and move to a place where you can enjoy the weather year-round!
5. Capital Gains
Over the past few years, home prices have risen considerably in Raleigh. By selling your home now, you may be able to get up to $250,000 in tax-free capital gains if you have lived there for at least two years. Does someone else own the house with you? If this is the case, the amount you can collect in capital gains is increased to $500,000… tax-free.
6. You Are Spending More Time Commuting Than With Your Family
It is important to maintain your happiness by spending time with your friends and family. People are spending more hours a day in their cars on public transportation than ever before. Missing out on valuable time and feeling rushed to get home before the kids fall asleep aren’t the kinds of memories most people want to make in the long term. Moving closer to your workplace will save you time, money and lower your stress levels!