Ten Reasons To Move

Family Size Makes a Difference

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Young couples start out with a cozy two or three bedroom home that at first suits their situation perfectly. Encompassed in that home might be a master bedroom, a guest bedroom, and a home office. Combined with a single living area with the prerequisite entertainment center and the couple has ample space.

With the arrival of the first child things change. Almost immediately the guest bedroom transforms into a nursery and the living area becomes the playground complete with toys. What was a perfect home for two becomes too small for three.

Better Schools

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With the exception of a private school most often where you live usually dictates the school your children attend. This can be beneficial. It builds a sense of community as children walk or bike to school together. A school nearby reduces travel time when dropping off and picking up your children.

Commute to Work

If your commute to work takes too long it can be a prime reason you choose to move. This is compounded by the absence of fast public transport which enforce the desire to move. The solution is finding a community closer in proximity to your place of work.

Renovation

Renovations are not for everyone. Regardless of how it is accomplished, three factors are unavoidable. The inconvenience cost and decision-making. The inconvenience can be as little as not having use of your kitchen for a day or more. That’s if you are only painting. Larger projects might mean moving out of your home for six months while the major work is completed.

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Neighbourhood

There are neighborhoods with kids playing on the street and friendly neighbours who greet you with Hello as they stop to chat. There are also neighbourhoods that have sidewalks and street lights but, some don’t. An inevitably is that neighbourhood characteristics change.

Increased density will change a neighbourhood’s characteristic. Where once there were homes with big yards the new paradigm may be small compact properties comprised of multiple rental dwelling units.

With such change comes a demographic shift where you find that new neighbours prefer to keep to themselves. They unlikely to wave or say Hello and stop by for a chat. Often these changes have little to do with choice. It is nothing more than the dynamic of a city going forward or in decline. If these neighborhood changes prove unacceptable a move may be in your future.

Unworkable Design

Some homes cannot accommodate changes you may want to incorporate and present an insurmountable barrier to a remodel. Though little is impossible in construction the remodel may be too costly to make. Lot size may also prove to be a barrier if your remodel includes expanding the house size. Equally, civic zoning restrictions my preclude your plans and leave you with a home not to your liking.

For condo owners, rearranging your home’s layout could prove impossible. Probability suggests that your Strata Corporation will not

allow you to make superficial changes and with a high degree of certainty will not allow structural changes that could jeopardize the integrity of the building.

Yard Space – Too Much or Too Little?

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Is your too big or too small? To many Vancouver homeowners, their yard is an integral part of a home. A yard is the land they call their own. A place to plant flowers, vegetables or a level lawn of cool grass in which they take pride keeping it green and manicured all summer long.

The need or perceived benefit of a smaller or larger yard may provide the impetus for a move in your future. Your lifestyle will become the compelling factor in making that move.

Too Expensive

Increasing the value of your home and deriving a potential profit from a renovation may be possible. However, in reality, some remodeling projects are not worth the time and money to complete.

If your dream is to live in an affluent neighborhood with large lawns and 4,000-square foot homes and if your home is surrounded by bungalows with single car garages, the odds are that regaining a reasonable amount of money for your effort and time is unlikely. Rule of thumb is that it doesn’t pay to be the best home on a street of lesser valued homes. better.

Choice

As a result of judicious renovation let’s assume that your home is already the largest and nicest on the street. This is great if you cherish your neighbourhood and plan to stay in the home for years to come.

However, if you have been remodeling your home because it required the updates but would like to add additional space or amenities, then you have to make a choice. Following that course may not be a good idea from a short and long term financial perspective.

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Instead, it may be more prudent to move into a newer home in a different neighbourhood.

No Time to Enjoy

Have you already planned your next move? If this is the case then it is not a wise idea to remodel. Moving immediately after a major renovation can be costly unless the objective of the renovation was to maximize market appeal. If that is not the case then you are losing out on the biggest benefit a renovation brings – enjoying the results.

Ultimately if you believe there is a chance you may be moving within the next 24 months it is wiser to move now rather than after a renovation.