You probably purchased your first home thinking to yourself this is a “starter home” and your dream home was next on your agenda.
With mortgage rates at their lowest range in almost 30 years, chances are you will be pleasantly surprised that “moving up” is something you can afford today. The hard work you put in building the equity in your “first home” can be used for your upgrade, and your carrying costs may not be much larger than what you’ve been used to paying. If your ears just perked up and your curious to find out, ask a REALTOR® to help you calculate carrying costs on that dream home.
There are a number of reasons why you may wish to have a larger home some include a growing family, more bedrooms so the kids can have their own space. Or maybe you want a larger yard, a garage or a home with a private driveway. Whatever your reasons, moving up to a new home can be very satisfying.
It makes sense because the equity in your home will continue to grow and the value of a bigger and better home will be ultimately greater over time. As well, the pride of ownership in a bigger house will probably be even greater than you had when you bought your first home.
When you decide that moving up is the way to go, be sure to enlist the services of a REALTOR®. Your options can be confusing at times, but a REALTOR® can help you make the right choices.
He or she will help you determine the market value of your current home and therefore the price range you should be considering in a move up home. You’ll need to determine where you want to move. Do you want to stay in the same neighbourhood or move on? There are almost as many individual choices on location as there are homes. A REALTOR® is skilled and knowledgeable in all aspects of a real estate transaction and can ensure you make a smooth move.
Moving up to meet your changing lifestyle and needs can be an exhilarating experience. Your home is probably the best investment you’ll ever make so why not take advantage of current market conditions and enhance your investment today.
Zeshan Mirza
Sales Representative with Signature Service GMAC Real Estate
http://www.realtorsthatcare.ca/
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