Is it time to Downsize or Resize?
With energy costs rising and all household bills increasing, the cost of running a home is only going one way right now. If you are keen to free up some spending power for travel or other luxuries, then downsizing could be the right step for you.
Triggers for downsizing include:
- Fewer rooms being occupied meaning the cost to run a large house becomes inefficient
- The house needs redecorating which will involve great costs in both time and money and upheaval
- The garden is not being used as much and is getting too much to manage
- Desire to be closer to shops/Dr’s surgery and not relying on driving everywhere
The Pro’s of Downsizing
Moving from a large home can be an emotional strain but there are many benefits:
- Freeing up money for travel or hobbies
- Less house and garden maintenance worries
- Moving closer to restaurants/social amenities
- Lower monthly bills
- Easier to lock up and leave to spend time visiting or travelling
The effort involved in a move can seem too much when you have lived somewhere for a long time but if you think now could be the right time to start your search then its advisable to get your house ready for the move. Here is a link to preparing your house for sale.
Where to move when downsizing?
The most popular option for downsizers is a modern or relatively new build smaller house or apartment. Such properties require less maintenance. These also offer small gardens or well-maintained communal gardens and are often found in central locations close to local amenities.
Being in a central location can push up the price so this is something to bear in mind when looking for a new home and releasing equity.
It is a big decision whenever it comes in life – many enjoy taking the decision quite early in order to free up some cash and to enjoy many active years of travelling whereas others wait until the house and garden have become too much to maintain. Whenever the decision is made one thing is a given: opting to downsize will lead to a more stress-free lifestyle and time to enjoy a new chapter in your life.
If you would like further information to help you downsize, please call Chiltern Relocation on 01494 672086 or email enquiries@chilternrelocation.com or visit our website www.chilternrelocation.com
