When you think about downsizing, what is the first thing that comes to mind? For many people, it means getting rid of their stuff. The problem with this thought process is that they don’t realize how much joy and freedom they will have by simplifying their life. In fact, taking the opportunity to downsize means a beginning of a new chapter.
Although this might sound stressful and intimidating on where to even start or what to even consider when downsizing. A fresh start means reaping the benefits.
in this blog post, we will talk about some of the benefits of downsizing and how to do it successfully.
A fresh start means reaping the benefits, e.g. reduced costs, increasing your free time, ways of downsizing from a house to an apartment, villa, townhouse, or even retirement village all providing a positive experience.
What does it mean to downsize?
Indifferent times of our life, we all require different things, especially when it comes to our homes. Downsizing refers to moving from a larger property into something more manageable, in other words, a property that has less square footage, less land to take care of, or just a home with fewer bedrooms.
Most commonly known in a demographic of “empty nesters” where the kids are all grown and moved out when you have no need for the big yards, multiple bedrooms, or even close proximity to schools. All this means homeowners are transitioning to a home that best reflects their next phase of life.
The Many Benefits
By downsizing, you are reducing stress with less responsibility, workload, and even an increased cash flow with great flexibility. In addition, freeing you up for fun, spending more time with family, getting more rest, and just enjoying your home rather than being a slave to it.
with numerous benefits to downsizing, you should first consider all implications that can be involved in the decision. at the end of the day, it’s going to be an adjustment from a larger house to a smaller dwelling.
it comes down to lifestyle and whether or not downsizing to a smaller home will complement the lifestyle you have already or want to adjust to in the future. downsizing is a new chapter in your life, so you don’t want to end up unhappy because you’ve downsized significantly without considering everything first.
once you’ve decided on how you want to downsize to suit your current lifestyle and future goals, you will then be able to reap the benefits that come with it, enjoying a fresh start that others only dream of.
- Increased Cash Flow – The smaller the property generally less expensive for upkeep and mortgage which will also incur lower monthly costs on utility bills.
- Declutter – Moving to a smaller property gives you the opportunity to eliminate all the pieces that you have accumulated over the years that do not serve a purpose anymore.
- More Time – Smaller properties, means less time spending on household chores and more time on the things you are passionate about.
- Lifestyle Change – One of the great benefits, starting a new chapter, new hobbies, and more time to create a life full of enjoyment and experience and less on stressing and management.
How can we help you get started?
Despite all the benefits, the process of getting started can be stressful, in terms of the to-do list and the emotional impact it may have. When deciding the right time to downsize, you need to take into consideration the logistics of selling the property as well as your financial circumstances and the current market conditions.
This process doesn’t need to be stressful, we have a team of experts ready to assist you and offering you the kind of experience and expert knowledge to help make the process of buying and selling seem effortless.
Paul Gardener – LinkedIn Profile
Paul Gardner is an expert Senior Valuer specializing in residential and commercial property valuations for a range of purposes. His expert knowledge in valuation services has led him to undertake services for the state government as well as large scale, complex industrial properties. Paul also has an extensive background in real estate and has taken part in contributing to curriculum structures of property-related courses. Paul loves sharing his expertise and enjoys helping his clients with providing professional, independent property valuations.