Downsizing your home is a hot topic nowadays. Times have changed, baby boomers are retiring, condo-living has flourished, and we have realized we don’t need to “live large” to live happily. I would have to say that most of my clients report they are quite satisfied after moving. In fact, they tell me there are five perks to downsizing your home.
1. It gives you more free time.
A larger house generally means more cleaning, yard work, and home maintenance and repairs. One of the perks of downsizing is that you will likely have more time to do what you love: travel, spend time with family, and enjoy your hobbies.
2. It prevents you from spending money on superfluous things.
Quite simply, the less space you have, the less stuff you need. You won’t need to shopping as much because you won’t have room to store items that do not serve a function.
3. It avoids the costs of running a house.
The costs of maintaining a large home can be high. From heating and repairs to appliance replacement, there is a lot that homeowners have to deal with. Another one of the perks to downsizing is that in a smaller home, you will likely spend less on all these things. And bonus – if that home is new and energy-efficient, you will also save on heating and electricity costs.
4. It lets you live with what you love.
When you edit down what you own, you can keep what you truly love. Gone are the extra couch, old bedding, and mismatched dishes. And if you are a parent with adult children, this is your opportunity to return some items to their rightful owners! This is also the perfect time to spend your money on a few key pieces that you have always wanted.
5. It gives you a fresh start.
Consider downsizing your home the start of a new chapter in your life. If you were successful with your home sale, you might have extra money for your retirement or help your children with a down payment. You are no longer burdened with “things” and now have a new neighbourhood to explore.
Downsizing is good!
If you would like more information on downsizing, read Downsizing Your Home in 5 Basic Steps. Or hire Out of Chaos. We are here to help. Contact us today.
