Although moving is always a big hassle, it can sometimes be worth it if what you’re headed to is better than what you’re leaving. But if you’ve never lived in this new area before, it can be hard to know if this is the case for you. Especially if you’re moving to a new home in the same city or general location, there are some things you’ll want to weigh before you make this decision, especially in the current housing market.
To help you in making this decision, here are three things to consider before deciding to move to a new home within the same city.
Are You Okay With Leaving Your Support System?
When you live somewhere, you’re going to automatically have a support system put in place for you based on that specific area. This includes things like your neighbors, the people you meet in your community, the services you frequented, and more. And by leaving that area, you’re going to be leaving that support system, too. So one thing you’ll need to think about, according to Hillary Hoffower, a contributor to BusinessInsider.com, is if leaving this support system is going to be worth it to you.
While you can likely find a new favorite coffee place and a doctor close to your new home, you may not be able to replace the caring neighbors or close family connections of your current home. So before you decide to leave, make sure you know exactly what you may be giving up.
Do You Like The New Area Better?
Oftentimes, people choose to move to a new home in the same city because either they think they’ll like the neighborhood better or they think they’ll like the new home better. But to really determine this, try to think about what it really is that you don’t like about your current situation.
According to Diane Schmidt, a contributor to The Spruce, changing where you live won’t help to solve many of the problems that you might be experiencing. So if the chances are slim that your current issues will actually change as a result of your move, it might not be worth it to move right now.
What Will The Total Costs Be?
Not only can moving be physically and emotionally stressful, but it can also be very expensive.
Louis DeNicola, a contributor to Experian.com, shares that along with the costs of physically moving your stuff from one location to another, you also have to consider things like the costs of selling your home and getting a new home loan, the costs of paying a deposit and first and last month’s rent if you’re renting, and much more. So before you get started with this process, make sure it actually makes financially sense for you.
If you’re thinking about moving to a new place within your same city, be sure to think about all of the considerations mentioned above prior to cancelling your lease or putting your house up for sale.