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How to Know When to Downsize
Downsizing can be a daunting chapter in one’s life. While it’s usually done by choice, it can often occur due to a change in one’s circumstances that make it necessary. Either way, it’s a big leap and adjustment for anyone to make.
If you’re not sure if or when to downsize, we can help. Here are ten reasons why you may choose to downsize.
When the kids have taken flight and you no longer need all the space.
Fixed incomes and advanced age are often the perfect motivators.
The Simple Life
No more lawn to mow. No more expensive home repairs or maintenance. No more stress!
To Pay Off Debt
Some use the profit they make from selling a larger home to get out of debt.
A Change of Scenery
Sick or the suburbs and craving the coast? Downsizing is a great way to get a new view.
Loss of a Spouse
The loss of a mate is often the perfect impetus to think smaller and simpler.
Loss of a Job
No need to live under the pressure of a huge mortgage payment while you seek employment.
Elder Care Costs
Medical expenses are high and selling your home to help pay the costs can be a wise move.
The rising costs of higher education can often be funded with the profits from a home sale.
A Nomadic Lifestyle
Why stay in one place when you can travel and explore? Much easier to do with downsizing.