As the house selling market is on full swing, some may decide to downsize, that is move from a family house to a smaller building. Although downsizing is a massive change, when applied right, it can be a positive experience. You need to consider the right size because moving into a smaller property has its advantages such as releasing equity trapped in a home, makes you very easily manage the property, and it could also mean better access to amenities depending on the location of the home. Here are some tips for those that are considering downsizing. The first tip to downsizing is to be clear and practical about what needs to be done. Approach it as if you are spring cleaning or doing house detox. If an item needs to be taken away, give it away and do not attach sentimental value to it. You should also be organized. Analyze what has to be done and specify a time that you will need to do it. Establish how much space you have and don’t start throwing furniture away until you have done that. Other tips for downsizing are highlighted in the blog.
Key Takeaways:
- When massive changes need to be done to a home and moving is a big upheaval, one can get a positive experience from downsizing.
- When one moves to a smaller property, he is releasing equity that is trapped in the property, and is procuring a home that is easier to manage.
- When one is downsizing, he has to be practical and ruthless. He needs to approach the action needed as if it is a spring cleaning or house detox.
“The housing market’s spring selling season is underway – and for some, this may mean down-sizing from a family-sized property to a new smaller home that better suits their needs at this stage in life.”