Is Downsizing Right for You?
Downsizing your home is not just for empty-nesters. There are numerous reasons and situations where this path could be the right one for you and your family!
Owning a large home and property comes with a large responsibility like multiple rooms and floors a large yard, and maybe features like a deck or pool. There is a lot of upkeep and cleaning that is required to keep a home looking and functioning at best. One common reason homeowners are looking to downsize is to reduce the time, energy, and money spent on those activities, leaving them with more to do the things they enjoy with the ones they love.
When downsizing to a smaller home, you allow for an increase in your monthly budget. Not only does your mortgage and maintenance cost less, but so does your utility bills, insurance, property taxes, interest payments, and furnishings. This is a great option for those who want to put their children through college, save for retirement, or pay off existing debts, such as credit cards or car payments.
Whether you are single, parents whose kids have flown the coop, retirees, or an adventurous family, downsizing your home could allow you to seek new experiences. Take that long-term trip overseas you’ve always wanted to go on. Buy a second home abroad for the family. Or purchase that boat, camper, snowmobile, or ATV.
About the Scott Farnan Team
If you live in Delaware or Pennsylvania and find yourself in need of a professional realtor skilled at buying, selling and negotiating real estate the Scott Farnan Team at Berkshire Hathaway Home Services, Fox & Roach REALTORS® is here to help. The Farnan team can answer questions on staging and closing to home inspections and what repairs are required to sell, The Scott Farnan Team offers clients over 25-years of real estate and client services experience, all with the indelible backing of Berkshire Hathaway Home Services, a perennial leader, Nation-wide, in home and commercial real estate. The Farnan team is prepared to guide you through the buying and/or selling process, connect you with trusted partners and aim to reducing the levels of stress that typically come with buying and selling a home. Contact us today to get started or search our current listings.