Top 10 Reasons To Downsize Your Home!

 

Downsizing and moving to a smaller home can be an excellent way to enhance the overall quality of your life. Whether you’ve decided that downsizing is in your immediate future or you’re still questioning if now is the right time, here are ten amazing reasons to consider downsizing your home.

 

1. Simplify Your Life

Downsizing provides a simpler lifestyle with less clutter, fewer personal belongings, and more spare time. A small home is easy to maintain, requiring much less time, energy, and effort to keep clean and organized,  freeing up your time to pursue the things in life that matter most to you.

 

 

2. Save Money

It costs less to maintain a smaller home, both inside and out. You’ll have a reduced mortgage payment and lower property insurance, property taxes, utility bills and maintenance costs, allowing you to significantly lower your monthly expenses.

 

 

3. A More Organized Life

Moving to a smaller space literally forces you to purge your non-essential items and streamline your life. And, once you’ve been through the downsizing process, it also teaches you to be more intentional with the things that you bring into your new space.

 

4. Less Stress

Less responsibility, less work, reduced investment, fewer expenses, increased cash flow, less maintenance and a more organized home inevitably creates less stress. Imagine the feeling of freedom  – mentally, physically and emotionally – when you’re no longer dealing with the day-to-day costs and demands of a larger home.

 

 

5. Enjoy More Life Experiences

By freeing up your time and spending less on home costs, home maintenance and upkeep, you’ll have additional time and spending power to enjoy new adventures and experience life to its fullest – whether that’s travelling abroad, more time at the cottage, dining out with friends and family or investing in your favourite hobbies and pastimes.

 

 

6. Make Money

Once you’ve determined the items you will no longer need or use, put extra cash in your pocket by selling those items through garage sales, second-hand consignment stores or auctions.

 

 

7. Pay Off Debt

All of the money you save, and the additional cash you may generate as you downsize your home, could be put toward eliminating existing debt, such as credit cards, lines of credit, car loans and more, allowing you to gain significantly more control over your financial future.

 

 

8. Live Mortgage Free

If you’ve built up equity in your current home, downsizing to a smaller home may put you in a position where you can live mortgage free. You may also realize additional cash to put toward your retirement living, into a savings or investment account or simply spend and enjoy.

 

 

9. Fund Your Retirement

Many home owners consider downsizing as a way to fund their life in retirement or to allow them to retire early. For some, this money may be used for day-to-day living. For others, it’s used to fulfill their retirement dreams such as travelling abroad or purchasing a vacation timeshare or property.

 

 

10. Your Life, Your Way

One of the most exciting features of downsizing and relocating in retirement is that you get to choose your next  location and your ideal home based solely on your personal preferences and needs. It’s a clean slate for you to design any way you choose to live life to its fullest potential and realize your retirement dreams!

 

 

If you’re considering downsizing, you’ll have questions that you’ll want answers to – along with professional advice.
  • What is the true market value of my home in today’s current real estate market?
  • Is it a buyers market or a sellers market?
  • Should I buy or sell first?
Now is a good time to speak with a real estate professional who can provide advice on the marketability of your current home and help you find  just the right new home. 

 

 

Related Posts

You’ve Decided That Downsizing Is Right For You…
De-Cluttering Tips And Advice When Downsizing Your Home

 

 

Here’s What Our Clients Had To Say About Working With Us!

Don and Kathie, had decided to retire and were looking to downsize to a bungalow outside of the city. We worked with them throughout the entire process, ensuring their new home met their current and future needs as they move into the all-important next chapter of their lives and then went to work on their behalf to maximize their net profit on the sale of their current Sawmill Valley home.  Take a few minutes to hear what Don and Kathie had to say regarding their experience working with the Dodic Real Estate Team!

 

 

 

Start Your Next Chapter

Selling a home full of memories isn’t easy – but at least the selling part can be. Let our full-service, dedicated team help you make your move! Learn more here.