There are many reasons why you might decide to sell your home and move to somewhere smaller. Throughout life, the things that you prioritise, and what you need from your home can change, and this means that it is always good to think about the things that you really want, not just from your home but from your life overall.
Selling your home and moving to somewhere smaller is a big step, so being prepared for it is essential. It might be that you want to move somewhere smaller to improve your lifestyle in retirement, so you might look online for park homes for sale near me for example, or you may want to move to be nearer to family, or for a job opportunity.
Whatever your reasons might be for downsizing, you should be aware of all the pros and cons so that you can work out on balance what the right decision is for you. Here are some of the pros and cons of downsizing, to help you make your decision…
The Pros
Making Better Use of your Home – If you are living in a family home but have children that have moved away, it is likely that now you have lots of unused rooms that are just not required.
Reduced Bills – A smaller home costs less to heat, and with gas being so expensive, moving to a smaller home is a great way to reduce your bills.
Easier to Maintain – A smaller home is cheaper and easier to look after, as especially as you get older it is much more manageable.
A Fresh Start – It is a good opportunity to make a fresh start and change your lifestyle.
The Cons
Emotional Upheaval – Something that many people find hard is saying goodbye to their home, especially if it is a place where they have made a lot of good memories.
Storage Space – When you have a smaller home, there is less space to store things, so you are probably going to have to have a big sort out and get rid of some things.
Costs of Moving – Moving isn’t cheap, and although your new home may be cheaper, there are still the costs of moving to think about.