6 Benefits of Downsizing Your Home that You Need to Know

posted 5/28/2014 in Real Estate

The traditional “American Dream” is a nice two-story home in a suburb with a white picket fence. Sure, that kind of home is great for raising your kids, but what about after they’ve gone through college and have moved out? Do you still need four bedrooms, four bathrooms and all that square footage?

More and more Americans are realizing that “living large” once the kids are out of the house doesn’t mean you have to have a large home. Downsizing your home has become a popular trend, and it has many benefits. Century 21 LSB Real Estate has always followed closely to the latest real estate trends. Here are a few reasons we’ve put together as to why downsizing is a good idea:

  • You’ll save money- the more space you have, the more pressing the urge to fill it with stuff. Not only does downsizing eliminate that urge, but you may also make money getting rid of your stuff that won’t fit into your new home.

  • Free yourself up- a larger home means more time spent on maintenance, cleaning and other upkeep activities; a smaller home means less time spent on upkeep.

  • Reduce your energy usage- it takes more energy to heat or cool a larger area, which is why downsizing to a smaller home allows you to decrease your energy usage, saving you money and helping the environment.

  • Make travel easier- how many steps do you have to take now when you want to leave your house for a week? If you downsize to a smaller home, or especially a condo or apartment, securing your home before you leave becomes much easier.

  • A fresh start- ready to start the next chapter of your life? Moving into a smaller home can be the kickoff of your transition!

  • Decrease your debt- with the money you will be saving from utilities every month, plus the income from selling your larger home you’ll be able to pay down the smaller mortgage on your downsized home quicker.

Having a smaller home allows you to enjoy the company of your significant other and the other parts of your life more. If you are an empty-nester looking for a cozier home, Century 21 LSB Real Estate can help you find exactly what you are looking for. Get in touch with our experienced real estate agents today!

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