Discover the Most Common Reasons and Advantages of Downsizing
Downsizing involves moving from a bigger house to a smaller one and there are a lot of advantages to making the move.
There are many different reasons why a person would decide to downsize and purchase a smaller home. Downsizing commonly occurs when an individual or a couple have finished raising their children and find that the home is much too big for their needs.
Cleaning a large home also becomes more difficult as we start to feel the effects of aging. Money concerns can also play a role in making the decision but everyone will have their own reason to downsize.
Here are some of the most common reasons why people decide to get a smaller home along with the advantages of making this decision:
Spend More Time with the Family
Once the kids have moved out or you find yourself living on your own, a big house has a lot of space and quite often it can make you feel lonely. When family comes to visit, there can be a sort of disconnect from them when they are spread out across a large home. When you purchase a smaller place to live, you can offer your family a cosy setting to visit and enjoy your time together.
Create New Memories
Sometimes it can be hard to continue to live in a home after a spouse has passed away. The memories are always surrounding you and there is no escape from them. Getting a new place can be therapeutic for spouses found in this situation since it gives them the chance to make a fresh start and create new memories.
Improve the Quality of Life
Many people decide to downsize in order to save on the expenses associated with living in a larger home. Getting a smaller place also allows you to tap into the equity you have built up in your existing home. The extra money can be used to take more vacations, spruce up the new place or for anything else that you feel would add to your quality of life.
In some cases a person may be carrying a heavy financial burden by having to deal with the costs of living in a big place. Getting a smaller dwelling can ease this financial burden, which will provide instant relief. It can be hard to operate when you have a lot of attention on financial matters all the time.
A Simplified Lifestyle
There is often a tendency to collect as many belongings as possible that will comfortably fit into the home. If you have a larger property, you will naturally tend to collect more things. By downsizing, you’ll be able to go through your physical possessions to determine what is really valuable to you and what you have kept just because you had a place to store it.
A lot of people feel like a heavy weight has been lifted from their backs once they start getting rid of the things they really don’t want or need. They feel like they have more space around them not just physically but mentally as well. Downsizing gives you the opportunity to really take a look at everything you have accumulated through the years and handle it once and for all. Life becomes much more simplified as a result.
While the term downsizing often has a negative connotation associated with it, a better term to use would be “side-stepping”. You are simply making a change and there are a lot of benefits associated with purchasing a smaller home. Take a look at the benefits that you would personally receive by selling your current home and moving into a property that is better suited for your existing needs. Making the change may dramatically improve your current lifestyle.