Depending upon your housing needs--bigger isn't always better. Selling your house and downsizing into a smaller home might actually be a more appealing option. Living in a smaller home can help you save money, save energy and may even help you eliminate some of the stresses that come with maintaining a larger living space. It's also an environmentally friendly choice, at a time when going green has become a major priority for many home shoppers.
Our team of REALTORS® from RE/MAX DFW Associates is here to help you downsize with a list of perks that come with living in a smaller home including a few you might not expect.
Downsize and Save: The Benefits of Moving into a Smaller Home
While downsizing will often lead to a more affordable price for your new home, your real estate savings depend on other factors, as well. But there are hidden benefits, even if your new, smaller home has a similar price to your old home. If you have your heart set on a really popular Dallas-For Worth neighborhood, for example, downsizing may be the perfect way to land your desired destination for an affordable price, while still living in a home you'll love.
- Energy Savings and Efficiency – Smaller homes are typically friendlier to your energy bills, especially for heating and cooling. Energy is one of the biggest day-to-day expenses for many homeowners, so even a modest reduction in energy costs will really add up over time.
- The “Spring Cleaning” Effect – Part of the fun of owning a home comes in filling it with stuff. We all do it, but most of us would be willing to admit that not all of that stuff winds up being used regularly. Downsizing presents an excellent opportunity to keep what's important, and get rid of the items that have been collecting dust.
- Making the Most of Available Space – Have you ever been to a smaller home or apartment with creative shelving, book-lined walls, and thoughtfully selected furniture? Many homeowners find decorating a smaller space more enjoyable, because it's a chance to blend utility with aesthetic appeal.
- Simplifying Maintenance – Larger homes tend to have higher maintenance costs, simply because there's more to maintain. Even if you enjoy doing work around the house, it's nice not to worry about keeping up with rooms or systems that don't get much day-to-day use. You'll likely save a few dollars in the long run, as well.
- Cozy Comfort – While a big house is a great fit for many homeowners, there are plenty of others who find living in a small home to be more comfortable. This one comes down to personal preference, but you may be surprised by how comfortable you feel in a smaller home – even if you've gotten used to larger homes in the past.
- Downsizing Your Mortgage – For most homeowners, a monthly mortgage payment is a major expense. Moving into a smaller home may help you lower your mortgage payments, which frees up money to invest, travel, or pay down your mortgage sooner than expected.
Ready to experience the benefits of downsizing first-hand? Contact RE/MAX DFW Associates to start your search for homes for sale in the Dallas-Fort Worth Metroplex, and find the perfect fit to downsize in style.