Whether you are an empty nester, unable or unwilling to complete lawn care or looking for a change, downsizing your house can provide many benefits. Before shopping for your smaller home, consider space and amenities to determine if downsizing is the right choice for your needs.
Moving can change more than just your address. Here are five questions to ask yourself to prepare for lifestyle and economic changes during downsizing.
1. Will a Smaller Space Meet My Family’s Needs?
If you have older children who no longer live with you or live in your home by yourself, downsizing will eliminate extra, unused space. With smaller square footage, you will have the opportunity to clean out items or donate them to local charities allowing for even more space.
If you are looking to expand your family in the next few years, downsizing may not be the best option for your needs. As a family, you will want a home that allows you to expand without being too large to maintain.
2. How Important Is Outdoor Space?
If you like to garden or have pets that require room to play, you may opt to keep your current lawn space. However, if you do not need a large outdoor area or would like to live in a community that provides lawn maintenance services, downsizing is a great option and eliminates the need for extensive lawn care.
3. Can I Handle Home Maintenance or Repairs?
Evaluating your physical stamina will help you decide if you can continue caring for a larger home. If you cannot handle physical housework, you may consider moving to a community or building that performs property maintenance for residents.
4. What Amenities Do I Want?
Downsizing should not mean compromising your quality of life. As you look for a smaller home, make sure your new neighborhood or community has the amenities you want, such as a clubhouse, tennis courts or community events.
5. Can I Afford to Sell My House?
As you compare downsizing options, factor in the cost to sell your home — such as paying agent commissions — and buying a new home. To attract potential buyers, you may also wish to invest in staging services or repairs.
How Cates Auction & Realty Company Can Help
If you are ready to start your downsizing journey, Cates Auction & Realty Company can help you attract buyers to sell your home. Contact us today to learn more about our selling process or schedule a complimentary property analysis.
