2. Maximum profit – minimum loss
Trying to sell your house without losing anything at all is close to impossible. It will always cost less than when it cost when it was bought by you. Buying a new one, again, will never be cheaper. Rather, it will be even more expensive than you would expect. Your mission here is to try to decrease your loss. An increase in your salary is a good factor, but before selling your current home and buying a new one, think of a few other things, such as how much money you’ll get for your present house and how much you will need to buy a new one. If this question doesn’t bother you, then find out how much cash you will need for your future utilities and property taxes. Insurance also counts. There might be a number of other expenses that are related to selling and buying homes. It’s very likely that moving in will significantly increase your planned and expected expenses.