7 Signs It Might Be Time To Downsize

Dated: July 3 2018

Views: 223

The “American Dream”– a sprawling home with a big backyard and tons of space for the kids and grandkids. But, that dream comes with bigger utility bills and tons of upkeep. Depending on where you are at in your life, you may be realizing that you have more house than you actually need or want.

Wondering if it might be time to look for a smaller abode? Ask yourself these seven questions and you’ll have your answer.

Do you have too much house?
Are there some rooms in your home that you don’t enter for days at a time? Maybe you have a guest room that hasn’t seen a guest in ages? Even if you’re not using those rooms, you’re still paying to heat and cool them—not to mention clean them. So, unless you’re planning to rent out a room or two, you may want to think about downsizing.

Is routine maintenance taking up too much of your time?
Are your weekends filled with yardwork, house cleaning and maintenance? Sure, you could hire someone to do your chores, but that’s less money you can leave in your savings or use for some good old fashioned fun.

Is your large home eating away at your savings?
Are you retired or close to retiring? Has your income shrunk due to an unforeseen event? Rather than tapping into your savings, maybe a smaller home that requires less maintenance and lower utility bills is a viable solution. You might also consider relocating to an area where the cost of living is lower, which will save you even more money.

Feeling a little lonely?
Are you sitting in your big house all alone? Maybe the kids have moved away and the neighbors moved to Florida. If so, maybe a move to a modest home near some familiar faces is just what you need to feel less isolated.

Has your health changed?
Does the thought of climbing stairs some nights keep you sleeping on the couch? That gorgeous staircase may have been why you bought your home years ago, but the convenience of one-level living is very appealing as we age.

Are you sick and tired of having too much stuff?
After you’ve lived in a home for a while you realize that you have accumulated too much stuff. If it is easier to go buy something new, rather than find where you put it, then it is time to downsize. Holding a garage or estate sale is a great first step when thinking about downsizing. Knowing you are moving to a smaller home forces you to really take stock of each item you allow through the door. Think of how organized you will be!

While the thought of moving to a more modest home can be overwhelming, you don’t need to sell off all your belongings and join the tiny home craze to downsize effectively. Some people find that losing some square footage gains them more time, money and quality of life. If you are ready to consider selling your home, please feel free to reach out to me with any questions.

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Lana Eckel-Rife

Buying or selling a home is more than just a transaction: it’s a life-changing experience. That’s why I’m dedicated to providing clients with exceptional, personalized service. I take great prid....

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