People can have different reasons for wanting to downsize their Somerville homes. Some people just want to be able to settle into an easy retirement. In fact, 37% of people asked would rather downsize their home, compared to only 23% wanting to upsize. The extra money helps finances and a smaller home that needs minimal maintenance makes things more manageable. Smaller homes for sale have so much to offer. Consider the great ways your life can change when you downsize.
Ditch Unwanted Clutter
Have you ever looked around your current home and questioned how you’ve gathered so many unneeded or unwanted possessions? Just like many others, you’ve probably stored things away ‘just in case’, but now wish you hadn’t.
Moving to a smaller property will allow you to rid yourself of unwanted things for good, as there won’t be anywhere to put them in your new home. You can give things away to charity, or feel cathartic as you toss waste materials in the trash.
Release Equity in Your Home
Unless you’re moving to a more expensive location, a smaller home means you’ll have less money tied up in property. If you’ve got a mortgage, the downsize may allow you to pay it off, and those without monthly payments could receive a tidy sum of money for them to invest or enjoy.
According to the Bureau of Labor, the average American family spends 34% of their income on their home, which is twice as much as any other outgoing cost. To reduce this as much as possible, your exclusive buyer’s agent can help you find a good deal on the property you love, leaving you more to spend on your favorite activities, such as travel, art, or days out.
Choose Your Ultimate Location
When you chose your last home, you may have had to sacrifice location for space. If you’re planning to downsize, you’ll now have far more housing options and can ask your agent to only look at real estate within a specific search area.
Think about what you want most from your move: a quiet, rural property, a cute country town or to be within walking distance of many amenities? You’ll be able to find properties which match these requirements completely.
Don’t Worry About the Future
If you’re downsizing because you want to plan for a quiet retirement, take comfort in knowing that your new property could be the perfect place for you to grow old in. Consider living in a single level home, general accessibility, and whether there’s room for a stairlift if needed. While you’ve got plenty of energy left for now, you’ll want to be sure your new home can accommodate any future needs which may develop.
Save Energy and Help the Environment
Aside from the costs of running a large property, you should think about how much energy you’re currently using every day. It’s better to be kinder to the environment if possible, and having a smaller home will allow you to reduce your carbon footprint significantly. If the property you decide to buy doesn’t already have eco-friendly appliances, windows and heating systems, these are easy things to fix once you’ve secured a deal.
Make New Memories
While your old property may have been full of fond memories and happy times, your new home is going to give you that too. Don’t focus on the emotions of leaving an old property, but instead get excited about the new experiences you’re going to have in a smaller home.
You can still decorate your home with all the things that mean a lot to you, and keep in mind that the quote ‘what I love most about my home is who I share it with’ will always be true no matter where you are.
If you’d like help to downsize and find an ideal smaller property, contact one of our exclusive buyer’s agents at Buyer’s Choice Realty today. We’ll negotiate purely on your behalf so you secure the best deal on your new Somevville home. Our Office: 978-468-2138.
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