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05.08.2024 - 16:06 / growingfamily.co.uk / Catherine
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Are you thinking about moving into a smaller home? Downsizing your property can offer many benefits, and is a popular choice for homeowners who no longer need a large home and all its associated costs and maintenance.
In this article we’ll cover the main reasons why people consider moving to a smaller home, and explore useful tips for downsizing to help the process go smoothly.
Typically, people downsize their home for one or more of the following reasons:
The area where you live may not have enough job opportunities, or it may be located far away from your current job. Relocating can be an attractive option for those in search of better job roles, and doing so provides an opportunity to downsize.
Some people decide to move closer to their family; this is especially true of older homeowners. Ageing parents may need the support of adult children, or just want to be more involved in the lives of grandchildren. Conversely, younger homeowners often relocate closer to parents to provide support or take advantage of childcare by relatives.
One of the key benefits of downsizing is the financial advantage. A smaller home is usually cheaper to maintain, and selling a larger property can release equity for use elsewhere.
Sometimes people just need a change of location. They may find a different area more appealing, or want to make the move from city to countryside or vice versa. The urge to move always provides an opportunity to consider downsizing.
Living in a small space means less cleaning and maintenance. The burden of home maintenance is an ongoing cost, in terms of both time and money. It’s easier and cheaper to keep a small home in good condition.
If you’re making the move to a smaller home, these tips for
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