We should all feel comfortable in our homes and feel like that space gives us everything we need to enjoy life the fullest. After all, home is where the heart is. But sometimes less is more.
If you’re on the fence about downsizing to a smaller property, you’ll want to make sure that the pros will end up being worthwhile. And though it may not be the right decision to uproot now, being aware of the benefits can give you some extra clarity to make that final call.
5 Best-Case Scenarios for a Downsize and Move
The real estate market is constantly changing, so when the sellers have the upper hand, it’s always worth weighing your options. Listing your property and moving to a smaller home can be a great way to maximize the investment you’ve been pouring into—and it can bring about some other “priceless” advantages!
1. Make the most of your space
Downsizing has a direct connection to simplifying your life. Moving to a smaller square footage often gives people the boost of motivation they need to declutter. If your kids have grown up and moved out of the house, do you really need those extra bedrooms, your bonus room, or a finished basement? Why not sell the furniture you no longer need and get some easy cash?
2. Ease up on home maintenance
Whether it’s the seasonal yard work or just the dusting and vacuuming, let’s face it, being a homeowner takes up a lot of time. There are probably a dozen other things you’d rather be doing with your days. Downsizing can streamline those chores. Plus, you’ll likely be saving a good chunk of change on your monthly utility bills.
3. Pay off debt—and save for retirement
With a stronger cashflow and more money in your pocket, you can also view downsizing as a way to reduce your debt and boost your retirement savings for long-term financial success.
4. Free up funds for a second property
This may not be the most common reason to downsize, but it’s certainly good to consider. If your home has a great property value, you might be able to sell at a profit that can support both a new home locally and a fantastic vacation property too.
5. Enjoy each day to the fullest
Maybe you’ve been missing out on some rest and relaxation over the years of tidying up a larger home. Embracing a new type of minimalist mindset could help you connect with that sense of calm. And when you’re able to keep more of your money in the bank—rather than putting it toward the mortgage or bills—you’ll have the freedom to go on more dates, travel, buy the things that you really love and just indulge in what really matters most.
Ready for an Indianapolis Moving Company?
If you’ve got a move coming right around the corner, or even if you think you’re still a year or two out, please know that Colt Moving is here to help!
Downsizing has tons of benefits, but there’s definitely a lot of strategy involved. Let our team work with you to coordinate the process. From dropping off large items for donation, to just moving the boxes you’re keeping from point A to B, our team of experienced, employee movers can help you have the best moving experience possible. Just check out some of the reviews our past clients have left for us online—or give us a call at (317) 476-3762 to learn more!