Selling a home that has held so many precious memories over the years is rarely a decision taken lightly. That's why some homeowners decide to sell their property after much deliberation, for reasons that are as numerous as they are sound.
Without further ado, here are 3 reasons to sell your home.
1. To benefit from a source of liquidity
The idea behind buying a property is often linked to the likelihood that it will appreciate in value. Selling a home that is fully paid for will free up an interesting sum of money. The latter, especially if invested strategically, can provide an attractive income supplement for young retirees.
What's more, even if part of the mortgage on the house remains unpaid, the amount obtained from the transaction will be used to pay off the balance. Either way, the money can be put to good use! Of course, it's important to keep in mind that selling relatively long after buying a property makes it easier to absorb the initial costs.
2. Save time and go for something smaller
Every homeowner knows how time-consuming home maintenance can be. Whether you're thinking of traditional spring cleaning, mowing the lawn, or raking the leaves, it goes without saying that the tasks involved in maintaining a home are more than numerous.
And let's not forget about the need for renovations from time to time. While some of these may be more cosmetic and considered optional, others must be done, whether for your safety, the safety of your loved ones, or to ensure the preservation of your home. That's how you spend your weekends and not necessarily the best way!
3. Become a tenant and...
Avoid property maintenance and renovation costs
While owning a home certainly has its advantages, it must be recognized that living as a renter is not without its positive points.
In fact, it allows you to avoid the costs associated with property maintenance and upkeep that we mentioned in the previous section. This saves you a lot of money, which you can then use for other projects, such as travelling or simply saving for your old age.
Avoid local taxes and a high mortgage
It's also worth remembering that living as a renter means that you don't have to pay local taxes, which is a significant source of savings. What's more, rent payments are usually lower than mortgage payments.
Greater freedom of movement
In addition to the financial benefits of renting, you'll also enjoy greater freedom of movement. The idea of moving usually requires a lot of logistical preparation for a homeowner, whether it's selling the house, moving the belongings, or making the necessary appointments with the notary or estate agent to finalize the transaction.
Of course, this whole process is not without its costs, so it's one more expense to take on when owning a property. For tenants, it's simply a matter of giving notice to the landlord and moving into your new dream home once you've found it!
So for those who don't want to stay in one place permanently, being a landlord might not be the best option after all!
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