In the business world, a phrase that's often used is ROI or Return On Investment. It refers to the regular gain (or loss) you're getting from a particular asset relative to its cost.
When it comes to your home, the gain may be more than financial. It may include the benefit of the lifestyle it gives you. For example, a spacious backyard deck pays off in countless pleasant Saturdays with friends and family. A home's location near convenient commuting routes means less stress getting to and from work.
Lifestyle factors are important, not only when considering where you're living now, but also when considering where you think you'd like to live in the future.
That's why it's a good idea to do a Lifestyle Assessment regularly. The exercise is…