Are you ready to downsize?
June 19, 2017
There are many reasons why people might downsize their property including freeing up cash for other things, children flying the nest, or simply wanting to reduce outgoings. If you are thinking about downsizing, here are a few things you might want to consider.
Less home maintenance
The smaller your home, the less time and money you need to spend on maintaining it, which is good news if you are on a tight budget or simply don’t like DIY!
The smaller your home and the fewer rooms you have, the easier it should be to clean. That said, if you choose to downsize to a home that is significantly smaller than your current one, you may need to have a major clear out of old possessions or you might find yourself bursting at the seams, making the new home feel untidy and difficult to clean.
Lower your bills
A smaller house will cost less to heat, uses less electricity and could significantly lower your mortgage payments too, meaning you can free up more cash each month to spend on the things you want.
Clear your debts
If you are struggling financially, downsizing to reduce your monthly outgoings can free up some money so you can relieve yourself of the burden of debt more quickly.
Fund your dreams
If you have a dream that needs a cash injection to make it come true, downsizing your home could be a way to raise the funds. Maybe you want to travel the world, start a new business, or simply fund a more comfortable retirement? Downsizing could make your dream come true!
Whatever your reasons for downsizing, we can help you find the perfect pad, pop into your local branch to find out how we can help.