The Upside of Downsizing

Every year, millions of people are electing to purchase a property that’s smaller than the one they currently own. Whether you’re switching to a smaller space because the size of your family is changing, or you want a lower-maintenance home for retirement,downsizing provides homeowners with a wealth of opportunities. 

Peace Of Mind

Most people have discovered that the longer downsizing is put off, the harder it gets. Savvy home buyers start thinking about finding a smaller property long before the last child leaves the nest – or maintenance-free living becomes a necessity. A large number of townhouse and condominium communities offer on-site features that few detached dwellings do. From fitness centres to party rooms to guest parking, you can simplify your surroundings while still enjoying the comforts of living large. Best of all, condos provide the added benefit of entryway video monitoring and, in many cases, a concierge.

Closer to Home

The size of your new home isn’t the only thing that matters. When you’re planning to scale down your square footage, consider choosing a location that brings you closer to the places you regularly go—family, friends, work, shops—so that you’ll cut back on travel time and expenses. Better still, opt for an area that takes it a step further and places everything within walking distance; your heart will thank you for it. It can also provide you with the added benefit of stair-free living. In fact, developers are responding to the increased demand for accessible living spaces by building single-level suites and properties with residential elevators so that home buyers can move into a space that will allow them to age gracefully and comfortably. A smaller space can mean reduced mortgage payments and taxes. Less square footage requires less heat, light and AC, which means you’ll spend less on energy. It all adds up to savings that can help the environment and keep some cash in your pocket.

Whether you are downsizing into a smaller space now, in a few weeks or later on down the road, I can help you through the process.