Tell-tale signs: is it time to sell your home?

26/03/2018

The word “home” is synonymous with comfort, family and safety. That’s why it can be difficult to identify exactly when it’s time to sell. For all of us, home is somewhere that holds a strong emotional attachment and it’s understandably difficult to say goodbye. If you’re starting to feel that it might be time to hand your home over to its next family, now is the time.

With 2018 off to a promising start and a 0.8% rise in property prices, spring 2018 is looking like a sellers’ market. As of March, average prices are up 0.9%, according to Rightmove’s House Price Index, with properties in the South East reaching a comfortable average of £404,291. Brighton’s property market is faring even better than the region as a whole, with house prices enjoying 5% growth on last year’s values. With that in mind, we’ve pulled together a few other reasons it might be time to sell up.

Size matters

Whether you’re feeling claustrophobic in a house that’s too small or rattling around in too many rooms, a home that’s not the right size just doesn’t feel right. If your family is growing or your children are flying the nest, this is a sure sign it’s time to move into a smaller or larger home. When you’re house hunting for your next dream property it’s important to think about the space you need and can realistically care for.

Your lifestyle is changing

Landed that dream job in the City? Looking for the perfect school? Change is a natural part of life, and there are plenty of milestones that mean relocation might be necessary. If you have a family, you’ll likely want to relocate to a great catchment area that’s also safe and around lots of other families. For a big career change, you need to consider how far you are from work; a 2 hour walk to the train station is not ideal!

A home makeover won’t make a difference

Remodelling is a tried and tested method to make your home feel like new again – according to Legal & General, a loft extension alone could add 21% to your home’s market value. Be it a new kitchen, a swanky new loft suite or a bathroom redesign, there are plenty of ways to add to the comfort of your home whilst also boosting its value. However, if none of this is worth the trouble and you won’t see any significant benefits, it’s time to up sticks.

The piggy bank is full

If you’ve been counting the pennies and putting money aside, it’s likely you’ve been saving for this exact reason. If you’ve put aside enough money to make selling, as well as buying, a viable financial option then that’s reason enough to venture back into the market.

“It’s not you, it’s me”

This tried and tested break up phrase can also be applied to our homes. Sometimes, it’s just time for a change or a new project. Or, you might have found your next dream home! Whatever your reasons, a home break up is not always a bad thing; moving on to your next happy home will clear the way for someone else to discover their dream home in the property you used to love.

Whatever your reasons for selling, we pride ourselves on our transparent approach to property and will guide you through every step of the process. See sales success and discover your next dream home with your local Sussex experts at Mishon Mackay.