10 BEST REASONS TO MOVE
DOWNSIZING YOUR RESIDENCE
IS A HOME A GOOD INVESTMENT?
November 2012 Edition
10 BEST REASONS TO MOVE
10 BEST REASONS TO MOVE
To make the best remodel or move decision, it is important to understand all the reasons that you have to remodel and all the reasons that you have to move. This article reviews common reasons to move. As you read each of these reasons, consider how much it applies to you and note how strongly you feel about each one.

1. The size of your family has changed. Of the many reasons to move, the size of your current home is the most common. Many young couples have purchased a cozy two- or three-bedroom, 1,000-square foot home that suits their situation perfectly. The home has a master bedroom, a guest bedroom, and possibly a home office. A single living area with couches and an entertainment center provides the couple with ample space for the two of them and their visitors. As they start a family, the first child moves into the guest bedroom and toys take over the living area. The perfect house for two becomes too small for three or more.

2. You are looking for better schools. Unless your children attend private school, where you live usually dictates which school your children attend. This is great for building a sense of community in the neighborhood as children can walk or bike to school together. A school nearby can also cut down on travel time for dropping off and picking up your children.

3. Your commute to and from work is too long. A common reason to move is the change of a job. Be it out of state/province or in another community, most people will only commute so far. If you want to have a shorter commute, then moving may be the only answer.

4. You do not like remodeling. Remodeling is not for everyone. No matter how it is accomplished, two things are unavoidable: the inconvenience and the decision-making. The inconvenience can be as little as not using your kitchen for a day while it is being painted or as much as moving out for six months while some major work is done. For some, any inconvenience is too much, so a move may be the way to go.

5. You do not like your neighbourhood. Each neighborhood has its own characteristics. Some have big yards; some have small. Some have sidewalks and streetlights; some don't. Some have many rental homes, some have few. Some are full of 1,000-square foot houses; some only have 3,000-square foot houses. Some neighborhoods have kids playing on the street all day long and friendly neighbors stopping by to chat every day. In other neighborhoods, people keep to themselves and rarely wave as they drive by each other on the way to work. As much as we all would like to change some features of our neighborhood, many are out of our control. If the neighborhood doesn't meet your needs, a move may be the only solution.
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DOWNSIZING YOUR RESIDENCE
DOWNSIZING YOUR RESIDENCE
A great many moves in our lives are to larger residences to accommodate growing families. Or, perhaps our financial development allows us to move up to a larger home with more features and amenities. There is no stress involved in trying to reduce our life's stuff to fit into a smaller place. If anything, we just need to shop for some more furniture for the new larger place.

There is the other side of this coin, however. Perhaps there have been economic setbacks, and we can no longer afford a large home. We need to downsize to something less expensive, and with lower utility bills, insurance and taxes. More likely these days is that we're of the Baby Boomer generation, and we're downsizing for our retirement years. Our children are out on their own, and we don't need the space that we did previously.

Whatever the reasons for the necessity or desire to downsize our primary residence, it brings a whole raft of other decisions and requirements along with it.

Should we buy a condo or another single family home?
What size residence do we really need?
How do we decide on furniture to keep?
How do we parcel out belongings to our children fairly?
How do we get rid of the items we don't need?
Can we make do with a lot less?

These are a lot of different decisions and tasks than we've had to deal with in previous moves. Taking an organized approach and planning well will help to alleviate the stress that can grow in this situation. Let's answer our questions to get our downsizing project started.

Should we buy a condo or another single family home? Once some thought is put into this question, it usually is not that difficult to answer. Can you deal with living in close proximity to others? How private have your previous residences been? If you're used to a large yard as a cushion from intrusion, a condo might not be for you. Do you like complete control of your home expenses? Condos have association fees that can change. Sometimes large project projects such as parking lots and roofing can cause a sudden large increase in fees. There is something to be said for having exterior maintenance handled for you. Just think about the trade-offs.

What size residence do we really need? People are all different, so errors in residence size choice go both ways. Some believe that they can make do with much less space than they really can. Others are afraid to downsize, and decide on a residence that is too large for them.
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IS A HOME A GOOD INVESTMENT?
IS A HOME A GOOD INVESTMENT?
For those wanting a steady return on their money, houses can be a sure bet. When the baby boomers started madly buying houses in the 1980s, suddenly real estate seemed like the path to instant wealth. The real estate markets fluctuate constantly. There have been times when house prices have...
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Adele McGovern & Phil Cunliffe

Sales Representatives
RE/MAX West Realty Inc., Brokerage

office: 416-769-1616
cell: 416-871-2631