Lynn's Blog

Moving up in the Nanaimo housing market

Has the prospect of moving into a bigger and better home been in your plans from the day you first bought your "starter" home? Well, now may be just the right time to make it happen.

You may be surprised to learn that the cost of moving up in the Nanaimo Real Estate Market is within your means. The equity you have already built up in your current home can often be sufficient  for  the down payment for your next home. And, with today's attractive mortgage rates, carrying charges need not be much larger than what you are paying now.

Changing needs

The desire to move to a larger home is often the result of changing needs for you and your family. A new child is on the way and you need a nursery; the children are growing and need their own rooms and more space to play; you're tired of scrambling for a place to park on the street and want your own driveway; you need more space to build a home office now that you are self-employed; or maybe you just need a change of scenery.

There are as many reasons as there are different lifestyles. Whatever your reasons, moving up to a new home can intensify the joys of home ownership.

There are both practical and emotional results of moving up to a better home. On the practical side, the equity in your home will continue to grow and the value of a bigger and better home will be ultimately greater over time. On the emotional side, the pride of ownership in a bigger house will probably be even greater than when you bought your first home.

As with every major decision, the key component is thoughtful planning. Your options can be confusing at times.

If you are thinking of moving up to meet changes in circumstances and lifestyle, please contact me.  I would be honoured to help you.

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