Moving into large homes gets a lot of press, and it is a wise move when one is looking to start a family. However, smaller homes have their benefits as well. Even though they don’t get a bad rap, you don’t really hear much about downsizing. However, more people have embraced the idea of living in small homes, and such abodes are flying off the property market at an alarming rate.
If your kids have moved out of the house and you no longer need the extra bedrooms, or need a new start in life, you should consider the key benefits of moving to a smaller home. The following then, are the advantages you get by downsizing.
Lower mortgage payments
This is obviously a big benefit. Any situation where your finances get a break and you still have a warm and comfortable home to go to, is one that should be considered seriously. Downsizing your home lowers your mortgage payment, which means more money in your pocket. There’s a lot of things you can do with the extra cash, like make investments or take a holiday. If cash is tough for you, then moving into a smaller home means you have a little more to save at the end of the month, which is always a good thing.
A smaller home is much easier to manage than a big house. You no longer have to deal with cleaning the extra bedrooms we mentioned at the beginning of the article. Life’s much easier when you only have to deal with a few rooms. Household chores are not really people’s cup of tea. With a smaller home, you no longer have to spend more time than you have to. You can come home and relax for longer because you don’t have a lot of work to do to keep the house clean.
Lighter bills load
Apart from mortgage payments, a big home brings with it more expenses in terms of utility bills. The lighting and heating bills make up a significant part of your monthly obligations. However, when you downsize, you have lower utility bills to contend with. Your tight budget suddenly gets some breathing room with easier payments. No more mounting, unpaid bills, all because you made the move to a smaller home.
Moving into a smaller home gives you the opportunity for a fresh start. In this case, you have the chance to get rid of all the excess baggage, de-clutter all the stuff you’ve gathered over the years. With less clutter to work with, you can work on decorating your smaller home in ways you’ve always wanted to.
Closer to help
As someone whose health may be deteriorating, moving into a neighborhood that has the amenities you would require later in life is a very good idea. You are much nearer to help, which could be the difference between life and death. Besides, with a smaller home, you won’t have to strain moving around it, as opposed to being in a larger home.
Downsizing doesn’t have to mean giving up a comfortable life. In fact, a smaller home means less stress and more relaxation. You can still throw parties and barbeques, but now on a smaller scale, with the people that actually matter in your life. Decorating is much easier, and even with less space to work with, you could make an impression that your guests will envy.
Finding the right home takes time and research, and luckily for you, we have both. Let us help you find the perfect small home, whether you’re retiring or just looking to live a less stressful life.