November 26, 2024
Get My Fall Moving Guide for Homebuyers and Sellers
Learn about the three key reasons why you shouldn’t put off downsizing.
Are you considering downsizing but aren’t sure if now is the right time? I get it; it’s a big step in your life, and it can be hard to make that decision. However, I think downsizing has a ton of benefits you don’t want to miss out on. Personally, I can say that people I’ve helped downsize in the past almost always wish they had done it sooner. With that in mind, here are the three best benefits of downsizing:
1. Financial savings. By selling your home, you’ll gain access to all the equity you’ve built up over the years. Since home prices have increased dramatically over the last five years or so, you’ll probably have enough equity saved up to pay for your new home with cash. Imagine how much money you’ll be able to save without any mortgage payments.
"You probably have more equity in your home than you think."
2. Simpler lifestyle. When you move into a smaller home, you won’t have to worry about maintaining a large property. This will free up a ton of time for you to do what you really want. Plus, you might be able to use some of your sale to buy a vacation home or take more trips.
3. Health concerns. It’s difficult to admit, but we all get a little more tired as we age. By moving into a smaller home, you can choose to move when you want to instead of having to climb up and down stairs just to get around the house.
At the end of the day, downsizing gives you more free time and money to do what you want with your life. If you’re considering downsizing and want to talk it over further, just call or email me. I am always willing to help!
