What to Look for When Downsizing
June 20, 2022
Laffey Knows
Downsizing can simplify life, whether you're an empty nester or looking to get into the tiny home trend. A smaller house means less upkeep, lower bills, and more time and money to do the things you love.
Our real estate agents can smoothen your transition to a smaller space by helping you find a home that's perfect for you.
Even if you're not retiring, you might consider downsizing if:
- You'd like to cut on costs and save more money to retire early or travel
- Your house is too big to maintain
- You're looking to move somewhere with better links to the community
- You want to pay off debts or fund your children through college
Whatever your reasons for downsizing, here's a little how-to guide to make the process easier.
3 Things to Consider When Downsizing to Smaller Home
- Finding a Great Real Estate Agent
Selling a house can be just as stressful as buying one. It's a costly process too. So, give yourself enough time to make an organized, informed plan. Decide where you want to move and contact an experienced real estate agent to help you through the process.
Choose an agent you can trust who also has an in-depth understanding of the market in your area. Doing so removes the guesswork that comes with selling and buying a house. It also ensures you downsize to a house that fits your needs and lifestyle.
- Location and Amenities
Downsizing shouldn't mean compromising your quality of life. In fact, your life should get much better. Many downsizers are motivated by the need to find cheaper, more manageable properties, but this doesn't mean you should discount the rewarding benefits of community. Moving to a new community can expose you to new social circles or get you closer to your friends and family.
For these reasons, it's important to consider the location and neighborhood you're moving to and whether it has all the amenities you want. In some cases, downsizing might mean moving to a villa or condo, so make sure you're willing to live that close to others before making such a commitment.
- Finding the Right Fit
There are several things you should consider when looking for a smaller home. Some of these include:
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- The number of people in your household. Make sure you have enough bedroom and bathroom space for everyone. The last thing you want is to feel cramped in a house that's too small.
- Future visitors. Consider the number of guests you expect to have and how often they'll visit. You might need to find a house with a guest room.
- Your storage needs. Chances are you have a lot of stuff you're not willing to let go of, including old photo albums, family heirlooms, and memorabilia. If you need a lot of storage, look for a house with a garage and ample attic space, or consider getting a storage unit.
Downsizing Soon?
Laffey Real Estate can help you navigate your downsizing journey. Contact us today so we can take the stress out of downsizing. We'll help you find the right home and make the buying and selling process easier.
