From struggling to cover the bills to finding it tough to keep up with housekeeping chores, there are a number of indications that you’d be better off moving to a smaller property. If you’re wondering if it’s time to downsize, here are four sure signs that could help you consider if it’s worth making the switch.
- Your house is eating into your savings
If your income has shrunk, you might be finding it difficult to keep up with your bills and this could mean you’re slowly but surely eating into your savings. Whether you recently retired, you’ve been made redundant or you’ve switched to a new job that doesn’t pay as much, keeping up with your energy bills and other running costs could be causing you sleepless nights. As cash home buying specialists Fast Sale Florida highlight, one way to reduce expenses such as electricity, gas and water is to move into a smaller house or apartment.
- You don’t use all your rooms
We’re conditioned to think that bigger usually means better when it comes to properties. In reality though, this isn’t always the case. If there are rooms in your home that you rarely or never use, you could be wasting money. Unused rooms simply gather dust, and larger houses or apartments tend to cost more in property taxes, utility bills and maintenance. So, if you don’t tend to set foot in certain parts of your home, it might make sense to take on a smaller property.
- You’re feeling overwhelmed by the upkeep
Let’s face it, indoor cleaning and outdoor housework can be hard. If you’re starting to feel overwhelmed by the upkeep of your property, moving to a smaller place could be a welcome relief. It’ll mean you won’t have to spend as much time cleaning and maintaining your home, freeing you up to focus on other things. You might be able to devote more attention to your hobbies and to enjoying the company of your partner, family or friends.
If you’ve got used to living in and looking after a large property, you might be surprised by how much easier life can be in a more compact home.
- The kids have moved out
Lots of space can be great when you’ve got kids around the home, but when they’ve grown up and moved out, you might be left with surplus square footage. It may simply not make sense for you to keep hold of a large property once your children have flown the nest.
As well as being savvy from a practical and financial perspective, moving to a new home can help you to embrace a new chapter in your life. If your kids have moved far away, it might also give you the opportunity to relocate to be closer to them.
If any of these points applies to you, it’s worth considering selling up and moving to a smaller place. You could do this by going through the traditional route of marketing your home through a realtor, or if you want to achieve a speedy, hassle-free sale, you could approach a cash buyer instead. The choice is yours.