At some point in our lives, there will come a time when the people we grew up with will decide to live independently away from us. In some cases, we’re never given a choice, especially when our loved ones pass. Once a huge blaring home, now a space that has been muffled by time. No words will ever be as comforting for people who are going through this right now. If you are in this situation, know that we fully understand your circumstance.
When we go through something bad, we may go through a process of grief that involves denial, anger, bargaining, depression, and acceptance. But after all that, we always arrive at a phase when we’re ready to move on, leave the past behind, and look to the future.
One way to step forward is to make a new home that can give you a fresh start. It’s not true that the bigger the house, the happier you’ll be. Downsizing is oftentimes the best solution to move on. So, in this article, we show you what benefits you can reap if you downsize and when you can know that downsizing is the best solution.
The Benefits of Downsizing
Downsizing basically means reducing. Depending on the context, downsizing could mean a lot of things. But in this article, we talk about downsizing as a process of transferring to a smaller home.
Lower Utility Bills
Many people in one house mean high energy use — lights, water, air conditioning, etc. While it’s true that this will be reduced once they’re out, sometimes the systems themselves aren’t built to adjust.
Take, for example, a ducted air conditioning system. If your home has this kind of cooling system and you turn it on, the air will run through every room in the entire house, even if no one is using the space.
The cost of that then will feel higher compared to a self-containing A/C unit that can only cool a particular room. So, relocating to a smaller home will allow you to have more energy savings.
Having a more limited space will force you to get rid of or let go of a lot of material possessions for lack of storage space. If you’ve always said you didn’t have the time to declutter before, relocating will require you to do it now.
Fewer Maintenance Responsibilities
This is the most apparent benefit. A smaller house means a smaller space to clean, lesser linens to change, and lesser glass to wipe. Imagine being able to spend more time doing what you love than spending a lot of time cleaning your house.
Increase Cash Flow
A smaller house means you won’t have to spend too much on maintenance. Homeowners who have a large houses and large exterior spaces often hire contractors to do the cleaning. And even if you take care of your home’s maintenance yourself, downsizing would mean you won’t have to buy that many cleaning solutions and materials anymore.
Grow Closer to Family
This is probably the most enriching benefit of downsizing. If you transfer to a smaller space with lesser stuff, you can focus more on the more important things in life, such as relationships, working on a healthier lifestyle, and spending more free time with family and friends.
How Do You Know When It’s Time to Downsize?
Given all the benefits, it would still be wise to know when it’s the right time to go with the “downsizing solution.” So, here’s what we think. Consider downsizing when:
You’re Tired of Cleaning
Whether we like it or not, hiring help can be expensive. So, if it’s just you or only two of you in your house, doing the maintenance on your own can become tiring eventually. Plus, some repair and maintenance works can have safety risks. If you don’t have someone to look after you, it would be better not to work on it anymore.
The Mortgage isn’t Reasonable Anymore
Mortgage depends on how big a house is. With a lot of unused rooms and spaces, it might feel like the value of your mortgage isn’t worth it anymore. You won’t have to worry because you can sell your house even with a mortgage — both on the market and off the market.
The Quietness is Discomforting
When we’re used to the noise from having so many people around us every day, sudden silence can be deafening. For some people, sudden changes can have drastic mental and emotional impacts. So if you’ve arrived at a point where all the silence is not making you rest all day and all night, it may be time to go out of that environment and start something new.
How Can You Sell Your House Today and Downsize Faster?
Now you might be wondering how you can afford to relocate, a.k.a downsize. The best way to do this is to sell your Georgia home. That way, you’ll be able to use the money to finance your next home, spend on transport costs, and more.
At Spire, we offer homeowners a faster way to sell their homes by buying the property directly from them using cash. We don’t go through a mortgage lender, so we’re able to close a deal fast.
Talk to us, and we will give you an offer within the day or within less than a week.
Call us at (678) 318 – 1801.