Three Signs You're Ready to Downsize Your Home
Does your home suddenly feel a little … large? Does the thought of mowing the lawn, shoveling the snow and cleaning rooms that are rarely used give you a serious case of the shudders? These might be signs that it's time to downsize your home.
When people think of buying a home, they're usually targeting a bigger residence than the one they're selling. This makes sense when your family is growing. But there are plenty of people, too, who buy a new home because they're ready for a smaller house.
Should you join this crowd? Here are some signs that you, too, are ready to go on a downsizing mission.
You've Become an Empty-nester
Many people choose the downsizing route after their children leave the home, whether to attend college or move out on their own. That house that once seemed so full, suddenly has empty rooms and unused space. Why pay for house that you don't use? Downsizing can get you into a home that's a better fit for your now smaller family.
You've left the workforce and are ready to begin your retirement life. Those big mortgage payments that come with your current, larger home, though, suddenly seem a lot more intimidating. Then there is the cost of upkeep, everything from bigger utility bills to yearly maintenance. You might be able to save a significant amount of money each year by downsizing to a smaller home that requires less maintenance. Smaller homes can be more affordable, too. You might not have as large a monthly mortgage payment. This is why retirement ranks as one of the most common reasons for a downsize.
Maybe You're Just Tired
Sick of mowing that large back lawn? Maybe you're tired to keeping four bedrooms clean each week. Whatever the challenge, it's easy to feel overwhelmed when caring for a large home. Bigger homes often have bigger maintenance and care requirements. By downsizing into a smaller home, you can eliminate much of this stress. You might even carve out some much-needed free time in your day.
Whatever the reason, if you're considering downsizing, call us today at 888-32-MARCO. We can help you determine whether a downsizing makes financial sense.