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Is Downsizing Right For You?

Friday, February 28, 2020   /   by Shannon Eagan

Is Downsizing Right For You?

Downsizing your home is not just for empty-nesters. There are numerous reasons and situations where this path could be the right one for you and your family!

Minimizing

Owning a large home and property comes with large responsibility, like multiple rooms and floors, a large yard, and maybe features like a deck or pool. There is a lot of upkeep and cleaning that is required to keep a home looking and functioning at best! One common reason homeowners are looking to downsize is to reduce the time, energy, and money spent on those activities, leaving them with more time to do the things they truly enjoy with the ones they love!

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Saving Funds

When downsizing to a smaller home, you allow for an increase in your monthly budget. Not only does your mortgage and maintenance cost less, but so do your utility bills, insurance, property taxes, interest payments, and furnishings. This is a great option for those who want to put their children through college, save for retirement, or pay off existing debts, such as credit cards or car payments.

New Adventures

Whether you are single, parents whose kids have flown the coop, retirees, or an adventurous family, downsizing your home could allow you to seek new experiences. Take that long-term trip overseas you’ve always wanted to go on. Buy a second home abroad for the family. Or purchase that boat, camper, snowmobile, or ATV.

Whatever your reason(s) are for wanting to downsize, enlist the Yancey Realty team to help with your home search! Call us at 704-467-8877 to get started today!