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If you recently bought or sold a house, you may have only a short amount of time to pack up your belongings and get your family ready for moving day. As such, you'll need to tell your children about your upcoming move to ensure they can prepare accordingly.
Ultimately, informing your kids about your move can be difficult, especially for families that have lived in a particular city or town for many years. Lucky for you, we're here to help you minimize the stress commonly associated with telling your kids about moving day.
Here are three tips to ensure you can stay calm, cool and composed when you inform your kids about your decision to relocate.
1. Speak with Your Kids As Soon As Possible
The longer that you wait to tell your kids about your move, the tougher it will become to break the news to them. Thus, as soon as you decide to purchase or sell a home, you should tell your kids.
Remember, the sooner you speak with your children, the sooner they can start planning for the future. You also can discuss any moving concerns with your kids and ensure they can receive your full emotional support as moving day approaches.
2. Plan Ahead for Your Family Discussion
In most instances, kids will have lots of questions about your decision to move. As a parent, it is your responsibility to dedicate the necessary time and resources to respond to all of your kids' queries.
Consider your children's perspective before you inform your kids about your decision to buy or sell a house – you'll be glad you did. If you plan ahead for a discussion with your kids, you may be able to anticipate potential questions and be ready to provide thoughtful responses.
3. Be Honest
No parent has all the answers, all the time. And if you face children's questions about your move and are uncertain about how to respond to them, you should not hesitate to speak from the heart.
It may be impossible to have answers to all of your kids' questions about an upcoming move. However, if you're honest with your children, you can provide them with plenty of support throughout the moving cycle.
When it comes to discussing an upcoming move with kids, both parents and their children may get emotional. Fortunately, parents and children can work together to support one another and ensure all family members can reap the benefits of a successful transition to a new address.
Lastly, if you need extra help as you get ready to discuss an upcoming move with your kids, you can always consult with a real estate agent. In addition to helping you navigate the homebuying or home selling process, a real estate agent can provide honest, unbiased recommendations about the best ways to inform your children about your decision to buy or sell a residence.
Use the aforementioned tips, and you can take the guesswork out of telling your kids about your upcoming move.
Buying your first home is a huge financial accomplishment and life milestone. The process is long, and can seem complicated at times. However, if you do your research and manage your money carefully, buying a house can be an excellent financial asset that will serve you for decades to come.
Many people who hope to own a home in the near future aren’t sure of the best way to start off on their path toward homeownership. This uncertainty leads them to put off their preparations. If you want to stop renting and start building equity, this is time wasted.
In today’s post, I’m going to give you some advice on how to start planning for homeownership, regardless of your current circumstances.
Build credit responsibly
One thing that will help you on nearly all mortgage applications is a good credit score. For those of us who had a difficult time paying off bills or had loans go into default, it can seem like a daunting task to ever raise your credit score into good standing.
However, when your score is low, it is actually easier and faster to raise than if it is already in high standing.
To boost your credit score, make sure your current debt is paid on time each month. If you’re thinking about taking on a new line of credit, consider setting it to auto-pay each month for the full statement balance. This way, you’ll still improve your credit score but can also avoid costly interest payments.
Read up on mortgages and fees
There are many different types of mortgages available to borrowers in the United States. Some, such as USDA and VA loans, are guaranteed by the U.S. government. This means they often have less stringent credit and down payment requirements.
Don’t be afraid to shop around between lenders. You may see different interest rates from similar lenders in your area.
Finally, make sure you’re familiar with the type of closing costs and property taxes you’ll be responsible for. It’s one thing to be able to afford your monthly mortgage payments, but there are other costs to consider when it comes to being a homeowner.
Budget and save
Budgeting and saving are both skills that need to be learned and developed over time. None of us are born with the knowledge of how to best budget their expenses and earnings. However, there are some free tools available in most app stores.
When it comes to saving, remember that the more you save for a down payment, the lower your interest rate can be. The difference may seem small now, but over the lifetime of your mortgage can save you tens of thousands of dollars. Wouldn’t you rather that money end up in your retirement fund than in your lender’s pocket?
Before you apply for a mortgage
If you’ve saved for your down payment and built credit and are ready to take the next step and get preapproved, be aware that opening new lines of credit will temporarily decrease your score.
Creating just the right amount of curb appeal can be a delicate balance, but one thing's for sure: Many real estate agents firmly believe that it is the most important factor affecting how long a property remains on the market. That being the case, it's a phase of preparing your home for sale that you don't want to neglect or put on "the back burner."
If your home and property is in reasonably good condition, it may be possible to give it some extra eye-appeal without going overboard on the cost. Here are a few curb-appeal basics to consider as you get your house ready for the real estate market.
Painting: If it's been more than a few years since the outside of your home has been painted, it may be time to either repaint the entire exterior (which won't be cheap) or do some extensive "touching up." Sometimes, simply repainting window trim, shutters, and the front door can help visibly improve the overall appearance of your property. In general, peeling or fading paint will negatively impact the marketability of your home, so it's an issue worth addressing early on.
Power washing: A professional power-washing service can remove unsightly stains, layers of dirt, and discoloration from concrete surfaces, fences, roofs, garages, garage doors, and your home's exterior. One cautionary note about power washing: Applying too much water pressure can potentially cause damage to materials like loose roof shingles, older painted surfaces, crumbling concrete, old slate flooring, untreated wood, and aging fences. Special instructions may need to be given to workers and their manager, regarding delicate surfaces and the need to adjust water pressure accordingly.
Front porch: There are a lot of nice touches you can add to a front porch to make it look more inviting and visually appealing. In addition to making sure floors, steps, railings, windows, and furniture are immaculate, inexpensive upgrades, such as a new welcome mat, mailbox, and house numbers can also make a noticeable difference in the impression you create. Weather permitting, colorful potted or hanging flower baskets will enhance the aesthetic appeal of your property. As is the case with interior home staging, strategically arranging furniture can help prospective buyers imagine themselves relaxing on your porch and elsewhere in your house. That can be a key step in triggering their interest.
Landscaping: When your house is on the market, it's crucial to keep your lawn and shrubs looking manicured at all times. Any hint of overgrowth, dying trees, or weeds can send the wrong message to potential buyers about the quality and desirability of your home. Edging for lawns, flower beds, and sidewalks can often be a relatively inexpensive way to enhance the eye appeal of your property.
A seasoned real estate agent can provide you with more cost-effective ideas on sprucing up the outside of your house to attract prospective buyers.