3 Reasons Now is the Right Time to Downsize Your Home
Tags: Real Estate, buying, selling, real estate tips, residential, commercial, Contractors, Renovators, community, agent, downsize,
2 minute read.
While some individuals are looking for larger and more spacious properties, some are thinking the opposite. In fact, there are many reasons that homeowners should downsize their current properties. Here are three benefits why now is the right time to downsize.
If you are in a tight financial situation month after month or you wish to retire in the upcoming years, downsizing your home could make financial sense. By downsizing, you would save hundreds of dollars every month through reduced energy and home maintenance costs. This could then drastically help increase your retirement savings. If downsizing is in your future plans, sit down with a real estate agent to determine what your home is worth and what is available on the market to ensure it makes financial sense in your particular situation.
2. Too Much Maintenance
2. Too Much MaintenanceBeing a homeowner comes with a lot of responsibility. There are maintenance tasks that need to be constantly completed throughout your home. Having the time and mobility to maintain your home may not be easy. While you can always hire individuals to complete tasks around your home, this will cost you significantly in the long run and your home may still not receive the TLC that it needs. Downsizing will help reduce many of these necessary tasks and can help cut down maintenance costs.
3. To Better Adapt to Your Lifestyle
3. To Better Adapt to Your Lifestyle
If your home has anything from stairs, tight hallways, or high cabinets; it can be challenging as you get older to move throughout your home. If you suffer from physical limitations or must use wheelchairs or walkers, it might be time to think about how your home can adapt to your current or future lifestyle.
At Knowledge Broker, our goal is to create an open-source of information for all our clients. We want to ensure that, at the end of the day, they get exactly what they want and what they need. If you know someone who could use our help or services please put them in touch with us or send us their details using the contact information below. And before you go, click here to take the Knowledge Broker Quiz and see exactly what we can do for you!
JOSHUA CAMPBELL (@knowledgebrkr)
Real Estate Broker
Coldwell Banker The Real Estate Centre, Brokerage
joshua@knowledgebroker.ca
249 Avenue Road • Newmarket, ON L3Y 1N8
289.231.0001
