The stages that every homeowner goes through

The stages that every homeowner goes through

Owning your own home can be a rollercoaster of a time. No matter how long you’ve lived in your home you just got to buckle up and get ready for the wild ride.

No matter how long you live in your home, whether it be a few years or a few decades, there are a few things every homeowner encounters. There are four stages that every homeowner experiences. It begins the same day that you sign those papers and receive your keys to the time you sign even more papers and release those keys to someone else.

Stage one: The excitement and moving in

You’ve signed all the papers and its now officially yours. The realtor has placed the sold sticker on the sign and you’ve received your keys and moved in. What are you going to do now? You have a decision to make. Do you buy all new furniture? Or do you bring in the old ones? Where will everything go? The possibilities are endless.

Stage one is all about getting in and determining where all your stuff go and scoping out your new home. If you’re moving from a smaller space to a large one you may be thinking about how you’re going to fill all that space. Similarly, if you happen to be downsizing you may be looking to get rid of a few things and really minimalizing your life.

However, an agent with Windermere Real Estate, Mrs. Bohn, warns against making a drastic change to your home the same time you move in. She believes that you should live in your home for at least a year first before you go ahead and remove any walls. See how you can work with the home as is first. You never know how a home will feel for you unless you’ve lived in it for an extended time period.

Stage two: Welcome home

Getting to stage two might take a few months or even a few years depending on how long you take to unpack all your boxes. This, however, is the stage where you begin to relax in your home everything is packed out.

Everything now has its home and is stored away to suit you. All those paintings you bought have now been put up. Your neighbors and you have now become friends and you’ve even been invited to a few barbecues. You’ve hopefully celebrated a big holiday at your home, had your in-laws spend the night and gotten to understand which step creaks the most.

Stage three: time to update

Home equity is a thing many people tend to sleep on. Every day new trends arise that can put more and more value into your home. This value can also drastically increase if the homes in your neighborhood are also upgrading their homes.

If you happen to have bought an older home like most homeowners there maybe a few things to look into upgrading the major appliances like your AC unit and furnace maybe even your water heater. Mortage brokers recommend you research the different way to finance your home improvements. Whether it be through HELOC which is known as Home Equity Lines of Credit or Cash out financing.

Not many people realize that they are able to tap into the equity of their home but still live in it. Many believe the only way to take advantage of the increase in value on their improved home is to put it back on the market and hope someone buys it for the new value and move on. This, of course, could not only be further from the truth.

Another reason you’d want to research these options is by the time you are remodeling your home you will most likely be remodeling to have it now more suitability fit your lifestyle. You wouldn’t want to go through all that trouble to then sell it to someone else.

Stage four: Realtors/Selling

You’ll know when it’s time to move out of your beloved home and find something new.

For most homeowners, it takes a drastic change in their life that may cause them to move on such as a new job or maybe an over extensive family. Even a downsizing of the family can cause you to sell your home. No matter what reason you have for leaving it’s guaranteed that once you sign those papers and give up your keys you’re bound to have a bittersweet moment.

But this can be a good thing for you as the next time you go to buy a home if you haven’t already you’ll already know how exactly to handle it.

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