C&G’s Guide to Downsizing

 

Looking for a change, but don’t necessarily want to commit to a large home? There are many reasons why people opt for a smaller home, such as retirement, location, and cost-efficiency amongst other lifestyle changes. In this latest C&G blog, we unpack everything there is to know about downsizing!

You’ll save money.

Whether it’s the cost of rent, utilities or mortgages, a smaller home will often cost less. Depending on your life goals, this money can be redirected towards other lifestyle upgrades such as a holiday or new investment. Older couples whose children have moved out often choose to downsize, especially when it’s unnecessary to continue paying the upkeep costs of a large family home. We recommend engaging a local real estate agent to ensure you receive a profitable return on your property, so you can enjoy your pick of the market when searching for a new home.

You can begin a clean slate.

Is it time to declutter your life? A smaller home will likely offer less storage space, encouraging you to strategically decide which items are worth keeping and which ones need to be disposed or donated. Many people often choose to adopt a more minimalistic lifestyle when downsizing, ‘reducing maintenance and upsizing convenience.’

You can enjoy a new lifestyle.

Never lived in an apartment or townhouse before? Now is your chance! These homes are perfect for downsizers who want to try a whole new lifestyle. You are often not required to maintain outdoor areas such as gardens or lawns, leaving you more time to spend on things you enjoy. Many modern apartment and townhouse buildings are also built with location in mind, allowing residents to enjoy close proximity to shopping districts, entertainment complexes and popular cafes and restaurants.

Ready for a change? Whether you are interested in selling, buying or leasing, the expert team at Chisholm and Gamon will be delighted to answer your property questions. Reach out today!