Whether you’re becoming an empty-nester or just feel like your current home is too big for your needs, there are a couple of questions to ask yourself before you take the plunge and downsize.
- Will this move save me money? Just because you are moving to a smaller home, there may still be additional expenses that need to be considered before you make a decision. Think: HOA fees, homeowner’s insurance that could increase based on the type of home you are moving in to, replacing old appliances, costs of maintenance, etc. Make sure that downsizing makes sense to you financially before you sell.
- What will I do with all of my STUFF? If you’re moving to a smaller home, there’s a big chance you will not have space for everything from your current home. This is a great opportunity to declutter, sell and/or donate items that you no longer use. If you just can’t seem to part with some of your things but you still want to downsize, perhaps it makes sense to rent a storage unit.
- Am I emotionally ready? The thought of downsizing is emotionally tough for many homeowners because it might mean that you are leaving a home that you love. It’s hard to leave a home where you have raised children, celebrated holidays and created memories! But if downsizing is truly the right decision for you, think of all of the wonderful memories you will be making in your new place! And, remember that the home that you once loved will now be ready for a new family to love.
If you’re comfortable with your answers to these questions and you’re ready to find your perfect, smaller home, we can help!