Homeowners across the country are looking for ways to cut back, save money, and reduce the amount of time spent on maintenance. Of course, tiny home living isn’t for everyone!
Even if you don’t think downsizing your home is for you, nearly everyone can benefit from taking a closer look at where we live and what we live with. This is a great time of year to think about what you really need to live the life you want.
To make the process a success, we’ve compiled 4 downsizing secrets from happy homeowners to share with you on your journey to a life you love.
Find the right home for you:
1. They Crunch Numbers
For downsizing to make sense, you need to make sure you’ve considered all the costs associated with a smaller home. You may need to replace some of the furniture and appliances especially if they’re too large for your new residence.
You’ll also need space for those treasured pieces you just can’t give away, and general storage space too.
Happy downsizers take note of what needs to be sold or donated from their current home before a potential move. They then make plans accordingly, to avoid feeling rushed or pressured into giving away things.
Be sure to consider any repairs or renovations you’ll need to make to sell your current home. As you review how much you’re projected to receive for the place you live now, make sure it helps cover the cost of buying your new home.
2. They Take Stock
A significant part of how we feel about, & even see ourselves, is connected to our homes.
Whether we’re conscious of it or not, most tend to see a home as an extension of themselves. This can make moving, and in particular downsizing, a tricky matter.
To make downsizing successful, you need to consider more than the budget.
Ask yourself how you would feel living in a potential home and community. Does it suit your lifestyle? If you love entertaining, maybe you haven’t used your large formal dining room recently but what areas do you actually use? Or if you have grandchildren, do you need a space for them to stay over?
Your life has probably changed since you bought your current home, so naturally you don’t need a home that replicates it in every way. Instead, you want a home that suits your current life, activities, and family.
3. They Prioritize the Neighborhood
Homeowners thinking about downsizing are often happy with the area they live in but want to find a new home that requires less maintenance. If you fall into this category, look for neighborhoods close by that have townhouses, condos, or smaller homes.
If you want to live outside of your current neighborhood, make sure any potential homes are close to work and your favorite places in town.
Long commutes may make you regret downsizing. A neighborhood with lots of walkability and proximity to grocery stores is a great choice for homeowners looking to reduce their driving time.
4. They Enlist the Professionals
Downsizing the right way requires preparation and a little patience.
Moving is a lot of work, and you want to be sure your efforts pay off. With the help of an experienced real estate firm (http://www.thewilliamsteam.com/meet-our-team.html), you can find the ideal home that meets every requirement on your list.
With so many newer developments in St. Tammany Parish designed for mixed-space living or timid downsizers, you have plenty of options to reduce or eliminate your mortgage without having to sacrifice on your needs and wants.
Our experts on the Williams Team provide real estate services across southern Louisiana, in all the best neighborhoods. To become another happy downsizer, get in touch with us today!