Benefits of Downsizing:
According to AARP, for the next 17 years, baby boomers will be turning 65 at a rate of about 8,000 a day. By 65, most people are thinking about downsizing so they can enjoy their newfound freedom. But just thinking about this daunting task can put a bead of sweat on your brow! So let’s consider some of the advantages of living the “less is more” lifestyle. This may motivate you to get started!
- Smaller House = Smaller Mortgage or No Mortgage Payment:
Generally a smaller home can translate into a smaller monthly payment. In many cases, you may have built up sizable equity in your current home and you may be able to cash out and eliminate a mortgage payment completely.
- Monthly Expenses:
Downsizing your home also downsizes your monthly expenditures. Utilities may be less as well as taxes, insurance, general upkeep and maintenance.
- Climate Change:
Downsizing also provides a fantastic opportunity to give up your snow blower and hit the beach or golf course. Raising your family in the cold winters of Minnesota could become a distant, frozen memory if you move south or west to follow the year-round sunshine.
- More Affordable Town:
Downsizing offers the ability to move to a less expensive area. Living in an area where affordability is in line with real estate prices could help your dollar spread further.
- Lifestyle Upgrade:
Downsizing can give you more time to pursue your interests and allow you to live closer to the amenities and activities you desire, such as; cultural and shopping activities, golf/tennis courses, bike trails, beaches, etc.
- Less Stuff = More Life:
By investing the time and energy to clean out and downsize your possessions, you not only organize your home but your life! In downsizing, you’ll be on the road to a less stressful and more relaxing life that is easier to manage!
- Let's Get Started!
Downsizing but don’t know where to start? Discussing your selling options with an Acuity Group Agent is a good starting point. We have worked with many sellers in the same position and assisted them in making their downsizing dreams come true! Contact us today to get started in the right direction!
Wondering What Your Home is Worth? Click HERE to Schedule a Free Market Value Analysis!
Acuity Group Real Estate Professionals
564 Dodge Ave Suite A
Elk River MN 55330