The general consensus there is around moving home is that it can be quite stressful for homeowners with the process taking a lot of time and money. Many, it can be a beneficial option.
For example, many people look to move home for circumstances like looking for a bigger property, a new scenery and many more! Check out these below:
If you are looking to move home in Coventry, you may looking for a property that is bigger than the one you are currently in. This is especially the case if you are a first time buyer in Coventry and have initially settled with a smaller property but now are in need of some more space.
You may be looking for a property that lines up with your future plans including starting a family or wanting more rooms for facilities like a new office or home gym which would be restricting in a smaller home.
Even though moving home in Coventry is the best option here, we do recommend that you explore the potential options of raising capital by remortgaging to fund desirable home improvements like an extension on the property, a loft conversion or a home office.
Remortgaging to fund home improvements is a common option, especially with growing families and can help you towards developing extra space whilst allowing you to keep the home you’ve built over time.
The reason why it is a popular option is because these development can raise the property’s value which is beneficial if you are looking to sell the property and want to make a nice profit from the sale.
This is especailly the case if you are looking for a more quiet area that is more rural to settle down in but you are in the heart of a bustling city centre, you may look to move home to live in a desirable scenary.
Again, this is the case for those who are first time buyer as they have limited to their options because of their budget which may have resulted in them living in a low-end property.
As well as this, you may find that you are on a much higher income than you were intially one when you first applied for a mortgage and are now in a better position to look larger property that are more to your liking.
Often, we find that the many customers are looking to move home in order to be closer to their friends and family as they may currently live too far to regaulrly visit them. This is especially the case for those looking to start a family.
In the circumstance where both parents are in regular employement which would mean they will probably need to look into childcare facilties. You may find that many private nurseries are quite expensive which means a lot parents will reach out to their family for support.
You will need to consider all the costs that come with the process if you are looking at moving home in Coventry.
We offer all our customers a free home movers review to speak with a moving home mortgage advisor in Coventry. Within this review, they will look at your how much you may be able to borrow along with estimating the cost of your monthly repayements.
For those who have found that moving home isn’t what they are looking to do and would like to look into a remortgage, get in touch to book yourself in with an expert remortgage advisor in Coventry.
Last Edited: 06/04/2023