The Benefits of Downsizing for Homeowners

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Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs.

If you’re thinking of downsizing ask yourself:

1. Do I really want all the space I have right now?
2. Have my needs changed since I bought my current home?
3. Do I want to move so I can try to save on housing expenses?

Downsizing could help cut down on your expenses. $$$$

If you downsize you may have lower energy costs and fewer maintenance needs.

A smaller home typically means lower bills and less upkeep.

Then there’s the potential windfall that comes from selling your larger home and buying something smaller.

Your equity can fuel your move.    ⬇️⬇️

The equity you build up in your current house can help. May be enough to pay for some if not all of your down payment.

SOME HIGHLIGHTS:

• Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs.
• Downsizing could help cut down on your expenses and your equity can fuel your move.
• If you’re thinking about moving to a smaller home connect with the real estate professional to go over your housing goals and look at your options with the local market.

Momentum Is Building for New Home Construction….

“Home buyers continue to be met with limited housing options during what’s typically the real estate market’s busiest season. . . . The current supply of existing homes is about half the level it was in 2019 . . . Meanwhile, the market for new construction is a bright spot.”

What Are Experts Saying About the Fall Housing Market?