If you plan on retiring in the near future, you might be thinking about moving. The kids might be grown, and you might not want to take care of such a large house. If that is the case, you should consider downsizing. When you downsize your home, you trade in your larger home for a smaller one. What are some of the top reasons why you should do so? 1. Bulk Up Your Retirement Account The first reason why you should downsize is that you will free up more resources you can contribute to your retirement accounts. If you have been in your house for a long time, there is a great chance that you have … [Read more...]
From Big to Small: How to Downsize from a Large House to a Smaller, More Efficient Home
If you're moving from a large home into a smaller house or condo, you're probably looking forward to enjoying a lower utility bill and not having to do as much cleaning. But before you move, you'll want to take certain precautions to ensure that you're not overwhelmed. A smaller home won't have as much room for your belongings, which means you may need to get creative. Here's how you can downsize without losing your mind. Decide What You're Going To Keep Before you do anything else, choose which of your belongings are coming with you. Unless you've habitually been getting rid of things you no … [Read more...]
5 Important Benefits Of Downsizing Your Home
After the children are all grown and moved out, the family home often feels excessively large and empty. If you're in this stage of life, you may be wondering if you should downsize like so many others, or stay put. Downsizing may be the best option, depending on your lifestyle. Here are five benefits of downsizing for you to consider. 1. Less Clutter When you move into a smaller home, you'll have the opportunity to get rid of many possessions that you no longer need. Whether it's sporting goods or knick knacks, you'll be able to either sell the items, give them away to kids and grandkids or … [Read more...]
Pros and Cons of Downsizing After Retirement
With Baby Boomers already rolling into retirement and Gen X looking forward to shrugging off the stress of the 40-hour work week, downsizing could be a strategic move. For many Americans, homeownership remains their single largest investment and the monthly mortgage payment their highest bill. Lowering or nixing that cost altogether can free up a considerable amount of cash that could be used for retirement security or leisure activities. Keep in mind, your "golden years" should be just that, so enjoy them. That being said, there are pros and cons to consider when deciding whether to downsize … [Read more...]
Is Downsizing The Next Big Trend In Homes?
The real estate market has started to recover from the downturn over the last few years in many areas of the country, and more people are thinking about buying a new place to live. With this new energy in home buying, an interesting trend seems to be developing. Instead of going for larger homes, which was an overwhelming trend in years past, many people are choosing micro-dwellings. What is a micro-dwelling? There are a number of different styles of micro dwellings being built. This is a relatively new concept for homes in the United States and individual creativity abounds in … [Read more...]
