When it comes to moving house, every home seller has a reason for selling. In general, families tend to sell their homes every 5 to 10 years. This may sound strange to those who have resided in their properties for over 30 years, but as the world is changing, so does the length of stay in a property.

Home is too small or too large

According to National Association of Realtors, up to 50 per cent of homeowners between the ages of 18 to 35 moved last year, as their homes were too small. This is because of family size increase as an average family of 4 cannot live in a 2 bedroom house anymore. On the flip side, older couples want to downsize as their children have flown the nest and they no longer want to maintain their large home. In this situation, homeowners sell their large properties after the age of 60.

Move closer to a new job

If a homeowner has just found a new job in another city, he or she will have to move. It would not be feasible to travel back and forth as this can eventually take its toll, especially if you have children. If you live in a big city, the drive home can take up to an hour or more depending on the traffic. To save your career and your relationship with your spouse, it would make sense to sell the house and move closer to the job.

Home maintenance

Ongoing repairs and maintenance on older properties can be tiring. Every year, you may come across new problems with your home. The maintenance costs of an old property can spiral out of control and be enough reason for any homeowner to sell.

Personal Relationships

Meeting a new partner or getting married can mean that either one of the parties need to sell in order to move to a new property that they both want to live in. Break-ups can also cause the property owners to move as they want to make a fresh start or pay off their mortgage and split the equity.

Moving closer to friends and family or see family less often

As people reach the retirement age, they want to spend more time with their family and friends. This is especially true with parents and grandparents who want to have the opportunity to see more of their adult children and grandchildren. This is also true in case of some older relatives who move house to be nearer to their family. For those who live a considerable distance away from their friends, they may move closer to stay in their social circles.
Posted: 29/11/2016
Ramshaw Transport Ltd.
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