Why You Might Think About Downsizing
People usually downsize due to one of four reasons, one of which may apply to you.
In the normal course of a lifetime, people usually buy bigger and bigger homes as their family and/or income grows. Sometimes, though, they need to take a step back and downsize, and there are usually four reasons why:
1. Retirement. Your savings don’t always last as long as you think, and people are living a lot longer these days, so moving into a smaller house once you retire only makes sense.
2. Anxiety. Perhaps you bought a larger house when your family was under one roof, but now that circumstances have changed, the cost of maintaining it is too much stress to handle.
"If your home has appreciated significantly in the last decade or so, there’s a lot of cash waiting for if you decide to sell."
3. Unused space. If you have more space than you need, there’s no use going through the hassle of cleaning rooms that aren’t being used.
4. Financial opportunities. If your home has appreciated significantly in the last decade or so, there’s a lot of cash waiting for if you decide to sell. You can then take that money and move into a smaller home.
As always, if you have any questions about downsizing or you have any other real estate needs, don’t hesitate to reach out to me. I’d be happy to help you.
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