It’s a question that nearly every home owner will have to ask themselves at some point.
While the topic may seem daunting at first, deciding whether it’s time to downsize can actually be a relatively stress-free process.
Continue reading for tips on how to decide whether it’s time for you to sell your current Plymouth home and downsize.
Plymouth, Michigan Homes
For many homeowners, the first time the topic of downsizing comes up is when all of the children have moved out of their house.
It may also pop up when you’re about to retire and you don’t want to deal with all of the hassle that comes with maintaining a larger home.
Whatever the reason for your downsizing, here are some questions you may want to ask yourself first to help you make the right decision:
- Do you want to lower your overall living expenses, such as your maintenance costs, mortgage and utility bills?
- Do you want to stop spending so much energy maintaining the household, such as cleaning and gardening?
- Do you want to cut your ties with a permanent home because you want more freedom to travel or enjoy other hobbies?
- Do you want to lead a greener lifestyle by cutting back on how much electricity, water or gas you use?
If you answered yes to one or more of the questions above, then downsizing may be the best option for you.
But where would you go if you did downsize? Here are some popular options that most people downsizing pursue:
Downtown Residence. Homes near a city’s core will be much smaller and easier to maintain than those located farther out in the suburbs. Plus, downtown living offers easier and more convenient access to a number of recreational amenities, such as stores, restaurants and more.
Age-qualified community: For many empty-nesters, an age-qualified community may be the ideal living situation. Often gated, these communities offer such features as on-site swimming pools, fitness centers, sports clubs, golf courses and more.
Suburban condominium: If you like the part of town you’re already living in, you may consider investing in a condominium, which will lower your living expenses and your maintenance costs! They also typically feature on-site amenities such as swimming pools, fitness centers and more!
If and when you decide to downsize, you’ll need to assess just how much space you’re going to be losing and then figure out whether you need to get rid of any excess furniture or items you may own.
By doing this early, you’ll have a much less stressful downsizing experience.
Your Expert Plymouth REALTORS
If you’re ready to downsize in the Plymouth real estate market, then contact me, Noel Bittinger.
I’ll help you successfully sell your current home for the highest possible price as well as help you find your next dream home.
Until next time,
Noel