Real Estate Insights


Is Downsizing Right for You... Four Things to Consider

downsize_shDownsizing your home is a major life change, but it can also be a positive one. Moving to a space that better fits your lifestyle can free up your time and energy, and save you money on housing costs.

Before you begin, here are some things to consider when deciding if downsizing is right for you:

Your Lifestyle
Do you enjoy entertaining at home? Do you have a lot of hobbies or interests that require a lot of space?  Perhaps you like
to travel and don’t want deal with exterior maintenance.  As you evaluate and reflect, try to be realistic about your needs and wants, not only for today, but for your future self. 

Your Finances
Downsizing can save you money on housing costs, but it's important to factor in the cost of moving and the cost of buying a new home. You'll also need to consider the ongoing cost of maintaining and caring for your new home.

Your Health
If you have mobility issues or other health concerns, downsizing to a smaller home may be a good idea. A smaller home can be easier to maintain and navigate, and it may also be closer to necessary amenities and services.

Your Emotional Attachment
If you've lived in your home for many years, it's natural to have an emotional attachment to it. It's important to be realistic about your ability to let go of your home and all of the memories associated with it.

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