You’re likely no stranger to the idea of wanting to move to a bigger home. But what about downsizing it? To many, that may sound like you’re compromising on quality. But actually, when you live in a home with a lot of unnecessary space, a smaller property can make a world of difference. So, if you’ve noticed these signs that it’s time to downsize your home, you may need to consider a move!
The stairs create more trouble than they’re worth.
As we get older, we may notice a change in our mobility. And suddenly, stairs look like mountains. If you or someone in your home encounters this situation, downsizing to a single-story home can help.
It costs too much.
What was once a feasible mortgage payment can suddenly turn into an expensive behemoth. Even refinancing may not improve it! If you notice this as one of the signs that it’s time to downsize your home, act sooner rather than later. That way, you can minimize overspending!
You live in an empty nest.
Off to college! Then, their new jobs. And soon, homes of their very own! Watching our children grow up is one of the many joys in life. Still, if you live in a house filled with unused rooms, you may just need to downsize.
You can’t manage the upkeep.
Three words: All. That. Cleaning! Save yourself hours and hours of mopping, vacuuming, and tidying with a smaller, more manageable home. Not to mention, you can even trim time off your yardwork too.
You want to make a profit.
When the market enters an upswing, life gives you a precious opportunity. Selling big and buying low can mean you net a whole lot of profit. Then, you can aim that money towards something remarkable, like retirement or traveling.
You want a lower property tax.
Property taxes can really take it out of our yearly budgets! Usually, a more modest home also comes with a lower property tax. So, keep that in mind as you assess your place of residence.
Summary
If any of these signs that it’s time to downsize your home ring true, don’t worry. You have a knowledgeable Realtor on your side! Buying, selling, and even just answering your questions—Ryan Roberts will guide you every step of the way. So, contact him here! As for learning more about home care and home buying, check out our blog here.