Does Moving Make Sense Right Now?
When Does Moving Home Up Make Sense? Answer these questions to help you decide "does moving make sense?"
How much equity do you have in your home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of paying a mortgage , but if you’ve owned your home for a number of years, you may have significant unrealized gains.
Has your income increased enough to cover the extra mortgage costs and the costs of moving? Use our mortgage calculator to know what loan value you may qualify for.
Does your neighborhood still meet your needs? For example, if you’ve had children, the quality of the schools may be more of a concern now than when you first purchased. Check out our school links to learn more about the neighborhood you are considering. Can you add on or remodel? If you have a large yard, there might be room to expand your home. If not, your options may be limited. Also, do you want to undertake the headaches of remodeling? How is the home market? If it’s good, you may get top dollar for your home.
How are interest rates ? A low rate not only helps you buy more home, but also makes it easier to find a buyer.
Relocation Guides Employers may compensate for the employee's costs of a temporary relocation by offering a per diem cost of living adjustment. Per diems (Latin for "per day") generally cover expenses for the cost of travel, lodging, and meals. Here are two sources to help you understand typical or permissible per diem payments:
Guide to Per Diem Costs Check out the Cost of Living and Salary Wizard for Minneapolis
To understand what travel cost may be compensated, download The IRS Publication 1542, 
For financial answers to your question, "does moving make sense?", download the