About one-half of the population in the United States have lived at their current location for more than 10 years. Most site the reason for remaining in their current location as familiarity (having grown up in area) and family ties. The remaining portion of the population relocate for a variety of reasons.
Currently, statistic shows that 56% of Americans plan to move in the current year (2021). This current trend is up by almost 20% from last year. It has been surmised that this current upward trend in moving is due to the shift in our economy. Despite all the negative aspects of the pandemic, it has to be stated that it has caused us to reassess our priorities as well as opened up opportunities not previously available to us.
Some of those current trends for moving are:
Ability to work remotely
Wanting to live in a less populated location
Desire to be closer to their families
Apart from the current trends for relocation, there are always the same standard reasons,
Financial opportunity: the desire to upgrade your living situation due to advancement in the workforce and leading to an increase in salary; inheritance; and/or station in life.
Need for additional space: due to increase in family size or interests
Job opportunity: moving to an area that has a company that is hiring
Financial hardship: the need to downgrade your living situation due to loss of income, health or aging.
Empty nest: akin to downgrading, when one’s children have all left the home, there is no need for all the extra space.
Relationship issues: either marriage or divorce
Education: choice of school location (either for their children, their partner or for themselves).
Deterioration of current neighborhood (physically, socially, or economically).
Incidentally, statistics show that relocating for love is at the bottom of the totem pole when it comes to reasons to locate. When asked, most people who were in a new relationship state they would probably wait two to three years into the relationship before relocating their place of residence. This, of course, changes if the partners are both willing and capable of splitting the cost of living. Another factor in this regard includes where to relocate and rests with opportunities for growth such as employment or potential for salary increase.
It seems that, as a whole, people use their heads rather than their hearts when it comes to relocating. Also, most people are resistant to change unless there is something in it for them. However, when one understands that moving can present a great opportunity to make positive changes in your life, there is less resistance. Necessity seems to be the overall catalyst for moving with increase in opportunity for advancement coming up close behind as the second most common reason.
Call Missy Donaghy with Interiors for Seniors for a FREE consultation 321-279-3301.