Your home is your castle. It's a comfortable, peaceful retreat from the pressures of work and the world outside. It's where you raise your children and send them off into the world with fond memories of backyard bbq's, holidays, and family gatherings. As the years go by and your lifestyle changes, it's entirely possible that your once comfortable home will simply be too large for your needs. If you find yourself wondering if now is the right time to downsize, the following are seven signs that it's time to make your move into one of the smaller Southport homes for sale right now.
- Maintenance is Taking its Toll
The bigger the home, the more it takes to maintain the landscape and everything else. Some tasks such as fixing the roof or climbing ladders to clean gutters can be downright dangerous the older you are.
- Mobility Becomes a Factor
Stairs take effort to climb, and big houses take time to navigate. When stairs get harder to climb, and you avoid going into the basement because the trip takes too long, a smaller ranch home or bungalow is a fast and simple solution.
- Money Gets Tight
Bigger homes cost more to maintain in terms of maintenance and monthly utility bills. As your budget tightens following retirement, a smaller home will cost less and help preserve your nest egg for your golden years. If your house is costing more than 30% of your monthly take-home pay or monthly retirement budget, you will want to make a move sooner rather than later.
- Dust Bunnies are Roaming Around
Large homes are magnets for "stuff." From old record collections to college trophies, most of this stuff gathers dust. Downsizing to a smaller home means you will have less stuff and fewer dust bunnies circulating through the air in your home.
- The House Feels Empty
Large houses are ideal for raising your family and hosting friends and family from out of town. However, as the years pass, people will move away, and people will pass away. It is common for a house filled with memories to feel lonely when beloved faces and cherished family are no longer around. Moving to a smaller home provides an opportunity to start anew and build new memories in a new home.
- The Price is Right
If you have been in your home for 15, 20, 30 years or more, it is a good bet you have paid off your mortgage and have a sizeable chunk of change invested in your home. Downsizing into a smaller home can allow you to apply that equity into an investment property, college funds for grandchildren, vacations, etc.
- You are Always Away from Home
Maybe you are traveling the world, or perhaps you find that you are spending more time visiting grandchildren and friends around the country. If you are spending more time on the road than you are at home, then downsizing into a smaller home is a good decision that can free up time and money with one swift move.
We encourage you to contact us for more information about the steps we take to help our clients downsize into a more comfortable home. Our REALTORS® are happy to answer your questions and will show you homes that fit squarely within your budget and desired lifestyle.