Whether the kids have moved out or the extra bedrooms aren’t being used, having a house that feels ‘too big’ is rarely fun. It may make sense to downsize from a large house to a smaller space or condo.
Why Downsize At All?
Having too much space is the primary reason that couples and families downsize. Larger homes tend to cost more to maintain and can feel empty if it’s just one or two people living there. In many cases, old items and clutter tend to build up as there is so much storage space. Downsizing to a smaller home helps to maintain a lifestyle that is more efficient but no less luxurious.Ask Yourself: Are You Ready?
Another consideration to make: are you ready to move? If you are retired from work, then you likely have enough time on your hands to manage a move. Conversely, if you and your spouse are both working full-time and live near your workplace, you may want to source a smaller home nearby. Don’t forget that if you own the house you are living in now, this might mean having to list and sell it while buying a new home. This is a common situation and isn’t a significant problem, but it will require a bit of scheduling and financial planning.The Hardest Part: Choosing What To Keep
Ask any couple or family that has downsized their home about the toughest part, and many will share that it was choosing what stays and what goes. When space is at a premium, everything from shoes to appliances needs to be considered. Spend some time going through each room in your house, taking an inventory of what you have. Are there any family heirlooms or other emotional items that you can’t part ways with? After that, is there anything that will be usable in your new home? Everything else should be considered fair game. Sell it, donate it or toss it out. Moving to a smaller home can seem challenging at first, but it is a lifestyle choice that can pay significant dividends. When you are buying a house, make sure you have your financing in place to make the move seamless and less stressful. At Spire, you can be assured that your mortgage financial solutions are taken care of. Contact our professional team, we will be happy to help you through this downsizing process.Latest Articles
We’re Ready To Help!
A Lending Hand for Financing Home Mortgages
Spire Financial (A Division of V.I.P. Mortgage, Inc.) brings lending expertise to you. All of our loan officers offer personalized communication for every client, guiding them through the process. We can show you ways to maximize your finances and unlock future opportunities. Spire Financial keeps you in control of refinancing, debt consolidation, and home equity. Together, we can achieve your financial goals.
