Is downsizing right for you? That is the question many of us ask ourselves as we clean our homes, pay our property taxes and write out monthly checks for utilities.
There are positives for sure, saving time, reducing clutter and selling off the stuff you no longer use to put that money in the bank! Homes today are much larger than homes of the past (they had larger families too!). A fresh start may be just what the doctor ordered and it might also be good if there was less shoveling and lawn mowing too.
The economic benefits speak for themselves with lowering your property taxes and mortgage, as well as saving money on heating and electric bills. What if taking the equity you have already allows for you to pay cash on a smaller home and ELIMINATE your mortgage! If that isn't quite in the cards, a 15 year mortgage would be a great way to reduce your mortgage rate and save money as well. What a great excuse to spoil the grandchildren a bit!
Yes, there will be costs associated with moving, but with the recurring cost savings every month, it could end up being the smartest financial move you've made in a while.
If downsizing sounds interesting to you, give us a call to find out more, we are happy to help you find the perfect home for your needs today.