If you're moving from a large home into a smaller house or condo, you're probably looking forward to enjoying a lower utility bill and not having to do as much cleaning. But before you move, you'll want to take certain precautions to ensure that you're not overwhelmed. A smaller home won't have as much room for your belongings, which means you may need to get creative. Here's how you can downsize without losing your mind. Decide What You're Going To Keep Before you do anything else, choose which … [Read more...]
5 Important Benefits Of Downsizing Your Home
After the children are all grown and moved out, the family home often feels excessively large and empty. If you're in this stage of life, you may be wondering if you should downsize like so many others, or stay put. Downsizing may be the best option, depending on your lifestyle. Here are five benefits of downsizing for you to consider. 1. Less Clutter When you move into a smaller home, you'll have the opportunity to get rid of many possessions that you no longer need. Whether it's sporting goods … [Read more...]
Pros and Cons of Downsizing After Retirement
With Baby Boomers already rolling into retirement and Gen X looking forward to shrugging off the stress of the 40-hour work week, downsizing could be a strategic move. For many Americans, homeownership remains their single largest investment and the monthly mortgage payment their highest bill. Lowering or nixing that cost altogether can free up a considerable amount of cash that could be used for retirement security or leisure activities. Keep in mind, your "golden years" should be just that, so … [Read more...]
