Bigger is not always better when it comes to home ownership; for many downsizing is the way to go. There are a lot of reasons why owning a smaller home is more beneficial than purchasing the biggest house you can afford. Keep reading to learn five reasons why you should consider downsizing.
5 Benefits of Downsizing
Depending on where you live, a smaller home is more affordable and saves you money, from lower mortgage payments to quicker payoffs. Downsizing can also reduce costs in other areas of home ownership, too, such as property taxes, insurance and utilities. If you are trying to save money or cut costs, purchasing a small home is a great option to consider.
When you own a large home, there is more to clean, more to maintain and overall more upkeep. Downsizing not only means less maintenance, but it is much easier to clean and keep organized.
3. Environmental Impact
Green and environmentally-friendly living has become an important part of many households, and downsizing can be a great way to reduce the overall footprint a person or family leaves behind. A smaller home is easier to heat and cool, consumes a less energy and minimizes waste generated overall when compared to a larger house.
Downsizing to a smaller house lets you make the most of your space. A smaller home means that you are more likely to use the rooms you have and you do not have to waste money on decorating spaces that are typically only used occasionally in a larger home. In return, you can spend more money on quality items to decorate and organize the areas in a house that is not as large.
Downsizing can make the difference between home buyers being able to purchase in the popular neighborhoods with all the amenities they’re looking for, and needing to buy in an area outside of their desired location. This is because smaller homes are typically more affordable than larger ones and there can be less competition for them as people try to purchase the larger homes in the area. Downsizing can be a great meeting place between buying the house you want and where you want it.
Whether you want to purchase in a popular neighborhood or you no longer need all the space that comes with a large house, I hope these reasons have opened your eyes to the benefits that come with a smaller home. Have you downsized your living? Share your experience with me below!
Karin Zeigler brings a wealth of knowledge and expertise in buying and selling residential real estate in the South Puget Sound area including Thurston, Mason, Lewis and Pierce counties. Whether you’re looking for a first house, downsizing, or have special circumstances such as military loans, Karin can help you find your dream home. Contact her today, or call 360-870-6249, to start your home buying or selling process.