Is Downsizing the Right Option for You?

2 minute read posted by Lex Allan Grove Village

More and more people are now choosing to downsize due to a wide variety of REASONS:

Your current home is too big for your needs

Your home might have been the perfect size for you and your family a few years ago. But, if your children are now grown-up and have ‘flown the nest’, or you simply don’t use all of the space you have anymore, moving to a more easily managed property could be the right move for you.

A smaller house should be cheaper to run when it comes to heating and mortgage repayments will be reduced or might be dispensed with altogether.

Your existing property requires too much maintenance

Looking after your home can be a full-time job in itself.

Having to clean every inch of a house that you use only in part can be hugely frustrating. By moving to a property that suits your needs better, you can readily cut down on the amount of time you spend sustaining your home’s standards of presentation.

Improved Purchasing Position

Buying a smaller property usually unfolds the purchase of a cheaper option. By selling your current property and looking to downsize you will be more likely find yourself with surplus equity. This is great news in terms of your position when looking to secure your next home as a cash buyer. The resulting position is that you are more likely to be able to secure your next dream property, even if you are in competition with other buyers.

Retirement

If you are looking to downsize later on in life, you might be able to choose a property that will be more suitable for your needs in years to come. Instead of having that battle with your stairs in your later years why not choose to move to a perfectly positioned bungalow with accessibility throughout and a small, easily-maintained garden.

CONTACT US...

You can contact us on 0121 550 5400 for the Halesowen Office, 01562 270270 for Hagley and 01384 442464 for Stourbridge

This is just one of the stories on our Spring 2023 edition of Property Matters. You can download the whole newsletter by CLICKING HERE