Downsizing is the process of moving from a larger home to a smaller one. Here are a few reasons why someone would make this decision.
Downsizing is the process of moving from a larger home to a smaller one. Why might people do this? There are many different reasons.
Most often, people downsize because of a life-changing occurrence such as their kids leaving home or retirement. You might also just have realized that managing a home of a certain size is more stress, work, and money than you can handle.
Downsizing simply means that you’re moving to a property that’s more feasible for you. You could be getting older, or you could be simply too busy to juggle home maintenance on top of other things.
“The financial benefits can be huge.”
You might just have too much unused space. If you’re an empty-nester, this is probably true. If you’re on a larger lot that requires continuous landscaping and maintenance, it might be time to look for something more manageable.
The financial benefits of downsizing can be huge. If you’ve lived in your home for a long time and built up some equity, you can take that equity to buy a smaller home and still have some left over.
If you have any questions for me about downsizing, buying a home, or real estate in general, don’t hesitate to reach out to me. I look forward to hearing from you soon.