The children are grown and your house seems too big. Or, your family has more room than it needs and you want to cut your expenses. A larger home may no longer have much of an appeal for you, therefore downsizing can help you realign your lifestyle. The following are the chief advantages of downsizing your home.
1. Expenses are reduced. Every expense of maintaining a larger home is reduced with the smaller home. Indeed, property taxes, insurance, utilities, home upkeep and any other overhead item falls, provided you buy into a similar neighborhood. Saving hundreds to thousands of dollars per month is possible by choosing a smaller home.
2. Your debt is more manageable. Shop carefully and you may find a smaller home that you can buy with cash. That is, if you have enough equity built up in your larger home. Regardless, a smaller home means a more manageable mortgage, with debt payments greatly reduced. No longer will you have to worry about making your mortgage payments.
3. Time lost is time gained. The larger the house, the more time you have to put into it. Not just cleaning it and maintaining it, but working to advance your lifestyle. A lot of homeowners feel tethered to their properties with no way out. It is a feeling that you can get used to, but it isn’t what you want. Time is of the essence and can never be regained once it has been lost.
4. Your impact on the environment is reduced. One big reason why people choose a smaller home is to reduce their environmental footprint. They understand that sustainability means using only what you need in this world and no more. By cutting back to a smaller home, these people believe and are doing their part to balance their lives.
5. You must remove clutter. Go from a big house to a small house and you will need to remove clutter. Provide that you don’t make a mistake that many Americans make by renting a storage unit to house all your stuff. Going small makes you look at what is really important to you, so remove the clutter and simplify your life advises North American Movers.
6. A burden is lifted. The larger your home, the more you have on your plate. Not everyone can sustain an expensive lifestyle and the mentally taxing baggage that comes with it. People who downsize not only have more time to pursue other things, but they have improved peace of mind.
7. Cleaning is simpler. Move through a smaller home and you can have it cleaned in minutes. Not so with a larger house where you may need to bring out a ladder, scale a wall, climb stairs, move furniture and spend hours each week trying to keep it clean. Sure, the dust bunnies won’t go away in a smaller home, but you’ll have a more manageable place to care for.
There are many other reasons to move into a smaller home. Importantly, your family will feel closer to each other and not simply because you are living on top of one another. Large homes promote isolationism, and that’s never a good thing. If you want your family member to get along, then the smaller house can contribute to bonding which is always a good thing.
Will you make the switch to a smaller home this year? If you do, you can immediately begin to reap the savings. Your biggest challenge here is to declutter your current home, sell off your unneeded items and decide how best to furnish your smaller home. But it is a challenge you can meet to enjoy the many benefits a smaller home provides.