If you’re in your golden years, you might have already started thinking about downsizing or are looking for resources on how to downsize. Below we are going to break it all down, so you get the facts you need to know.
Your home may be worth more than you think. With the current market and assuming you have been maintainingyour home - including necessities like HVAC, exterior windows, roof and doors, we have an easy formula to help you figure out what your home is worth to calculate your equity. Simply take your property tax and multiple them by 115. Surprised, aren’t you? It can add up to a large chunk of cash.
Problems can arise if you wait too long. As time goes along you might become overwhelmed with the idea or are too far in your comfort zone. You need to evaluate what you really want in your life, and where you want to be. A change in lifestyle is completely normal and you have come to terms with the fact that your kids are doing well and probably not coming back to live at home. Why make your life stressful with cleaning a big house or maintaining the lawn? A new lifestyle and chapter in your life awaits! How we get across this “gap” is what we like to call the Downsizers' Bridge. Click the link below to take a look at this video where Darryl explains the Downsizers' Bridge.
Below are some advantages to downsizing. Take a look!
LOWER UTILITY BILLS
Due to smaller space you are saving money and spending less.
MORE TIME FOR YOU
With the stress of taking care of house duties gone, you now have time to spend doing stuff that you enjoy.
INCREASED CASH FLOW
If you are spending less on your mortgage payment you will have more money for yourself to allocate to other desires or needs.
You are not only downsizing your home but downsizing your belongings as well. Only making room for the things that are most important to you allows you to live a more fulfilling lifestyle.