Carla L. Davis, the author of a recent post on RealtyTimes.com helps homeowners to think about when it is time to move up. If you’ve had another baby, accepted a retired parent to live with you, welcomed a divorced child back into the house, and more, then you may be considering purchasing a larger home. How do you know when the time is right to do so?
First, you need to consider the interest rates at the time when you are considering moving. You need to look at your budget and at your income. You need to consider if you have enough equity in your current home to put more money into your future purchase. You should also be educated about current market conditions, and you should think clearly about where you want your new home to be based on schools, commuting times and more.
These considerations could have you when thinking about purchasing a larger home. Certainly, in the Las Vegas area, home owners and real estate investors like Kirk Sanford, take these questions into consideration with their purchases.