More and more people are deciding to sell their homes to move to a smaller property. While this might seem like it goes against the dream of owning as big a house as possible, it could actually be the right choice for you and your family. In this article, we’re going to look at the advantages of downsizing and why it could be the right choice.
It’s more affordable
This is the most important point, and that’s why it’s first on the list. Most importantly — a smaller home is normally cheaper. That’s why more and more people are deciding to do it. Whether you want to lower your mortgage payments or free up some cash for another expenditure, you could find a suitable home in your area that’s much cheaper than the one you’re in.
Do you really need all those additional rooms? Some people find that they only use half of their house, and those are the people who could benefit the most from downsizing. If you’re worried about where you’re going to keep all the junk in your garage, you could consider a storage vault. This could still be a more affordable option than paying for additional space you don’t need. So if you want to buy a new car or pay for a golf club membership that you couldn’t afford in the past, now maybe you can by downsizing.
You can move to a better area
One thing about going for a smaller home is that the money you save could be used to move to a better location. if you always wanted that downtown pad but couldn’t afford a big enough home there, what about a smaller one? You could also move closer to work, relatives or places you like to enjoy yourself — this could all be done by downsizing. You might also want to move to an area with less crime or somewhere with better schools and amenities, which can also be achieved by downsizing.
There’s a reason why you can normally afford a bigger house in certain locations — it might be a less desirable area with worse transport links or a few other reasons that make the demand slightly lower. That’s why downsizing can help you move somewhere even nicer that you can now actually afford.
There’s less upkeep
This point plays into the one about saving money, but also about saving you time and effort. If your home is smaller, it goes without saying that it’s going to be easier to vacuum, clean and generally maintain. It’s also going to be cheaper to heat, and you’ll save money on other bills and utilities. It’s a win-win.
Hopefully you can now see how moving to a smaller home might be the right choice for you and your family. There are actually quite a few reasons people choose to downsize, so one of these might be for you.