6 signs it's time to reduce your home, say the experts
Here are some good reasons to make this real estate movement.
Your The house is your castle - But that doesn't need to be the size of one to make you happy. Even if American houses are considered a part of the The biggest in the world , real estate experts say that there are many advantages to live in smaller spaces. The key, they say, is to know when your area in square feet no longer serves you as it has done in the past and making a strategic exchange which will leave you better financially, emotionally and otherwise. Read the rest to learn the six clearest signs that it is time to reduce your home - and how to make the change could change your life.
In relation: The 6 best small towns to retire .
1 You have an empty nest.
Many people realize that they are ready to reduce their home after a major life change. In particular, empty nichers or recent divorced can look around and realize that they are sitting on more space than they need. AE0FCC31AE342FD3A1346EBB1F342FCB
"Adaptation to new circumstances may involve finding a life situation that is better suited to the current needs and objectives of the individual, offering a new start and a renewed perspective", explains Richard Mews , CEO of the real estate company Sell with Richard .
Diana Khan , JD, MPA, real estate broker and real estate lawyer for Lux Realty , should that these major life changes often point out that it is time to reduce size. "Maintaining a larger house becomes useless, and the reduction in staff can help you better manage your space and your resources," she said Better life .
In relation: 7 home hunting tips if you are over 60 years old, according to real estate experts .
2 You can use more money.
For most people, housing is the largest monthly expense, often representing more than 30% of its income. This is why, if you feel financial pressure, the reduction in staff to a smaller and cheaper house is one of the best ways to release money for your other needs.
"If the cost of maintaining your current home becomes a burden for your finances, the reduction in the workforce can offer reductions. Small houses are often delivered with lower public service bills, property taxes and maintenance costs , allowing you to enjoy a more comfortable and more affordable lifestyle, "said Khan.
Experts say that it is important to remember that the reduction in staff is not a financial failure, but rather a major opportunity to take advantage of your investment.
"Trade in your huge house for a smaller one that best suits your current needs can give you financial freedom if you have had a single -family house for a long time," said Paul Corazza , an approved real estate agent and the executive director of Independent properties group . "Your property has probably increased in value over the years."
In relation: 9 small towns in the United States with the most affordable houses to buy .
3 Your health or mobility has changed.
You may notice with age that your house is now less accessible than in the past, especially if your mobility has changed. The transition to a house at a single level in a more central location could Transform your lifestyle for the best.
"While mobility decreases with age, a larger house can become difficult to navigate. The transition to a more compact and accessible space can facilitate daily activities, reducing the risk of accidents and improves your overall quality of life" , explains Khan.
4 You have a lot of unused space.
Whenever you have unused space, you throw money, warn the experts. Although there are of course means of Transform these bonus spaces In precious additions to your home, many people consider the workforce as a profitable alternative.
"If some rooms in your current home are not affected for long periods, it may be time to reduce the workforce. Reduction of the workforce allows you to optimize your living space, which makes it more functional and better Aligned with your current needs, "says Khan.
In relation: 50 smart home upgrades that will instantly add the resale value .
5 You aspire to a simpler lifestyle.
Many people find that, whatever the amount of space in their house, they will always find a way to fill it with thing . If you look around and see an endless size, the reduction in staff can actually be a way to help organize your belongings and live more intentionally.
"Many people reach a point where they want to simplify their lives. Reduction of the workforce can help you to unclutter and prioritize what really matters, leading to a more rationalized and fulfilling lifestyle," explains Khan.
Pete Everring , director of commercial development for Utopia real estate management said that a desire for simplicity is often at the heart of various reasons why people decide to buy a smaller house.
"Reduction of workforce becomes a powerful tool to shape a lifestyle that better reflects personal values and aspirations, whatever the particular circumstances, which prompted this consideration," he said Better life .
For more lifetime advice sent directly to your reception box, Register for our daily newsletter .
6 You feel overwhelmed by maintenance.
Between repairs, lawn care , and all the other needs of your home, maintaining a large house or property can clear your time, money and energy. If this has become more a burden that you don't care, it may be time to reduce the size.
“The biggest houses often require more time and efforts for maintenance and cleaning. Reduction of staff can release precious time which can be devoted to the activities you like, rather than to the maintenance of the house, ”explains Khan.
