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In today’s turbulent economic times, buying a smaller home can make a great deal of sense, whatever your age, income and personal circumstances. There was a time when the idea of downsizing might have seemed alien. Surely, we all go through life striving to make everything bigger and better? The thought of selling our four-bedroom detached home and moving into a ground-floor apartment was only something to be considered as we approached our twilight years.
Perhaps that was once the case, but in the flexible, yet more financially austere 21st century, downsizing is seen by more and more people as just another way of moving with the times and putting all of your assets to the best possible use. There are a whole variety of reasons downsizing makes sense, and here we take a look at a few of them.
Moving is cheaper and easier than ever
Today, nothing and nobody seems to stand still for long. The days of a family staying in the same house for decades, and sometimes for generations, are long gone. Whether you think that is a good thing or not, there is no doubt that it has made the whole concept of moving home far easier and less of an ordeal than it was for our parents and grandparents.
Shipping and logistics companies provide great deals for house movers to ship furniture quickly and safely, while finance companies can transfer your mortgage painlessly, because it is something they are doing every day.
Free up some equity
The obvious reason to downsize is to free up some equity that you might wish to spend elsewhere. There are a whole variety of reasons for this, applying to people of all ages and incomes. You might wish to make money on your property to put towards college fees for your kids or simply to allow you to move to a better or safer neighborhood.
Free up some time
A smaller home means there is less to keep clean and tidy, meaning more time for you to spend doing the things you enjoy.
Many of us feel we are defined by our homes, and some see that as an argument against moving. However, you can turn that on its head – at 50, you are no longer the same person you were at 25. Your downsize gives you a unique opportunity to create a home that is exactly the way you want it, for today and the years to come, not the years gone by.
Written by: Jess Walter for PakMail of Jonesboro Ar, 2017