Do You Really Want to Move?

26 April 2019

Moving house is one of the greatest decisions we make. It's crucial that you consider the pros and cons, as well as the costs so you can make the most out of your budget and your lifestyle.

Do your research, check alternative locations, compare the house prices, amenities, and schools, and you will be closer to making an informed decision whether or not to move. 

Can You Afford It?

The first question is whether or not you are in the financial position to move house. If you have negative equity, you might not get the best value for your money, and will have to pay that off before you can think about buying another house. 

This will reduce your budget. It might be a good idea to sit down with your financial advisor and have a chat about the different options available for your circumstances before starting daydreaming. 

Are You Mentally Ready?

You need to know that moving house is a stressful period, so you will need to be ready for things not going according to plan. That is why you have to check in with yourself and find out whether or not you are ready to deal with whatever the changes have in store. 

You might need to change your job, potentially your lifestyle, get your kids into a new school, not to mention all the painting and decoration. 

Will You Have the Lifestyle You Wish for?

In case you have been living in your home for a long time, and have tried different things to improve your lifestyle without success, it might be time to change the settings and get to live the life you always wanted. 

That is one of the main reasons why Australians moving interstate decide it is time for a change. Alternatively, you might have been offered a job you simply cannot refuse, due to the higher earnings and career progression potential. 


Will It Improve Your Life?

If there is one important question you should ask yourself before you make the final decision about relocation is whether or not it will improve your life. Think about your health, your work-life balance, your kids’ education, safety, neighborhoods, transport links, or recreational facilities, and find out whether or not it is wise to move. 

Can You Imagine Living There for Years to Come?

Buying a house is not for short term. First of all, you will be tied to a mortgage deal and a financial commitment for decades. Secondly, you will need to consider getting the most value for your money, not only now, but also after the kids have grown up. You will need to think about your older years, retirement, and times when you want to make the most out of your health and free time.

In case you are still sitting on the fence about whether or not to move house, it might be useful to ask yourself the above questions. Sit down with a sheet of blank paper and list the pros and cons, so you can make an informed decision.

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