Many people assume that when it comes to owning a home, it must be a case of ‘the bigger, the better’. However, having a large property can in fact be more a curse than a blessing. So, if your house has more square footage than you strictly need, it might be time to consider downsizing to a smaller property. Here, we take a look at just a few of the reasons why less can be more when you’re choosing a home.
Saving you money each month
In a blog featured on its website, cash home buying company Fast Sale Florida suggests that the most obvious benefit associated with moving to a smaller house or apartment is the fact that it can save you money on your mortgage payments. As well as this, it can help you to cut your spending on electricity and gas because you’ll need less energy to power your home. With less space to look after, you’ll probably also be able to save money on the general upkeep of your property.
The money you save each month may mean you feel less under pressure financially, and it could free up space in your budget for things you love doing or buying. Whether it’s the occasional shopping spree or a well-deserved vacation, there are no doubt plenty of ways you could enjoy the extra cash.
Easier to take care of
Keeping a big home clean, tidy and in a good state of repair can be time consuming and stressful. In contrast, small properties are a blessing for anyone who doesn’t like cleaning or who simply doesn’t have the time to devote to lots of household chores. With fewer surfaces to dust and floors to mop or vacuum, petite homes are much easier to take care of.
Also, renovating or redecorating smaller homes is cheaper and more straightforward than undertaking these projects in big houses.
Greater freedom in terms of location
Switching from a large house to a smaller property can also open up new opportunities in terms of location. You may find you can afford a small home in an area you love, whereas a bigger house in that zip code might be out of your price range. Whether you’d like a prime city centre or suburban spot, a beautiful beachside location or you’ve got your heart set on something else, downsizing could be the key to making your dream a reality.
If you think moving to a smaller home could be the right step for you, it may be time to put your property up for sale. You could do this via a traditional realtor, or if you’re looking for a quick sale, approach a specialist cash buyer instead.