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Does It Make Sense to Move Up

Wednesday, September 22, 2021   /   by Tara Turner

Does It Make Sense to Move Up

Does It Make Sense to Move Up?

The idea of moving up to a larger home can be an exciting prospect, but here are a few questions to ask yourself to make sure it is the right decision for you. 

First, and most importantly, do you have sufficient income to afford the additional costs such as higher mortgage, maintenance, property taxes, insurance, and moving costs.

How much equity have you built up in your current home? 

Have you outgrown your neighborhood? Do you want to be in a different school district or be closer to your job? 

Are you better off moving rather than remodeling your home? Do you need more room or just need a change of scenery? 

How to current interest rates compare to what you've been paying on your existing mortgage? 

If you're considering moving up, talk to your realtor to help you answer these questions and guide you through the process.

If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070. Mitchell Stein License# 0208163

Stein Team Realty - Keller Williams College Park
Mitchell Stein Dre# 02081632
2440 W Arrow Route #5C
Upland, CA 91786
DRE# 01885348

Based on information from California Regional Multiple Listing Service, Inc. as of May 22, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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