It should come as no big surprise that downsizing your home can offer several benefits – including saving you money!
In a world of supersized everything, making the choice to downsize your home can lead to less stress and more time and money to spend on other areas of your life. Deciding to downsize your home can be a big decision. Today, our home buying experts share five benefits of downsizing to a smaller home:
1. Build a bigger nest egg
Smaller homes often have smaller mortgage payments. Per recent data published on Trulia.com, the average price per square foot of a home in York County is $83. Downsizing your 2,500-square-foot home to a 2,000-square-foot home can equate to a difference of $41,500 in your favor. Downsizing can help you save for retirement, or help you put away some cash for your soon-to-be college student.
2. Less to clean
Admit it – having one less bathroom to clean would make life simpler, right? Think of all the time you spend scrubbing tiles, vacuuming carpets, or dusting end tables and furniture – wouldn’t you rather have that time to do other things? More fun things like picking up a new hobby?
3. More family time
Is your teenager always hidden away in the bedroom or in the basement endlessly playing video games? Or perhaps you and your spouse each spend time in separate rooms watching TV. While personal time is important, families that live in larger houses tend to retreat to their own spaces. With a smaller communal living space, you may learn that your teenager enjoys spending time with you (though he or she may never admit it).
4. Movin’ on up
Have your eye on a particular neighborhood but the home prices seem too out of reach? Some of the smaller homes in established communities and developments may have a more affordable price tag. When searching for your smaller home, be sure to search out homes in that hot neighborhood – you may be surprised to learn you can afford the smaller homes with ease.
5. You get creative
Many families want larger homes to accommodate the few times a year that they have overnight guests or host large dinner parties. Instead of focusing on those handful of days each year you need an extra bedroom or a formal dining room, get creative with utilizing the space you have. Siblings can bunk with each other to make room for grandparents, and a folding table and chairs placed off the kitchen or dining room can accommodate dinner guests. It’s the company that matters, not the space.
Downsizing your home may offer you a better quality of life, and can provide a transition into the next chapter of your life. If you are ready to move to a smaller home, but need to sell your larger home first, call Integrity First Home Buyers today. Integrity First Home Buyers is the #1 buyer of homes in York, Adams, Cumberland, Lancaster and Dauphin Counties and has helped thousands of individuals, couples and families sell their homes quickly. Our professional team of home buying experts has decades of experience and can help guide you through the cash sale process. We care about our clients and work to meet their goals in selling their home. If you’d like to learn more about a cash sale of your home, reach out to us at 717-292-8168 or complete our contact form to get started.