How to Decide How to Sell or Keep Your Home This Spring

NEW YORK (TheStreet) -- It's coming on the spring home selling season, the most active period of the year for single home titles changing hands, and this year the outlook for home sales growth is up across the board. Single-family homes, townhouses and condominiums are all expected to see stronger sales in 2014.

Many homeowners now have to ask themselves: sell or keep their homes?

The answer involves everything from downsizing -- a huge issue since the recession -- to job stability, divorce, age of children and retirement.

Norfolk, Va.-based Homes.com offers a few key issues to mull over before you make such a decision.

Sell:

Size matters. The size of the home may be an owner's biggest and most urgent reason to sell. "If the main concern about a home is size, a more affordable, less stressful option may be to sell and find a home with enough space to accommodate the family," Homes.com says.

Overwhelming maintenance. For older homes (15 years or more), big maintenance projects may be necessary. A new roof, for example, can cost anywhere from $5,000 to $30,000, Homes.com estimates. If you don't have the money for big repairs, your home will suffer in terms of financial value, making it much more difficult to sell.

Stay ahead of other sellers. Homes.com says the real estate market is set to take off, and the earlier you sell the less competition you'll face. "If anxious to sell a home, some homeowners, depending on location, may be able to take advantage of what is considered a seller's market," the firm says.

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