4 Signs You're Ready to Downsize Your Living Space

 

Moving homes, especially when you are downsizing, can be a difficult and challenging transition. However, relocating from a larger house to a smaller and more simplified living space as you age can have many benefits including: 

• Lower cost of living 
• A better quality of life 
• Fewer maintenance issues and costs 
• You’ll enjoy closer proximity to neighbours 
• It offers an opportunity to declutter and simplify your life 

The Knowledgeable Real Estate Agents at Mel Star Can Help You Find Your New Dream Home

Downsizing and finding a new home that suits your changing needs can be a huge challenge. Luckily, our team of Calgary realtors have over 40 years of experience and can help guide you through this big transition. Whatever your needs, we will go above and beyond expectations to take care of all the details, so you can focus on enjoying this new stage of your life. 

Want to know more? 

Contact Our Agents Today!

4 Signs You’re Ready to Downsize Your Home 

Is your home becoming too difficult to manage? As you get older, would you rather spend your time doing things you truly enjoy, without worrying about keeping up with chores? When it comes to homes, bigger isn’t always necessarily better - and that’s certainly true if it no longer fits your circumstances. 

If you are considering switching up your living space, here are 4 sure-fire signs that it may be time for you to downsize: 

1. You’re Having Financial Struggles

If you are struggling over your mortgage payment and cost of living, then it may be time to consider downsizing. While moving into a smaller home may feel like a step down, the truth is that it can have many upsides, the biggest of which is that it allows you to save money. 

Finding a smaller space to live in will: 

• Lower your mortgage payments 
• Allow you to free up equity 
• Give you peace of mind 

It’s Time to Retire 
If you’ve retired, or are planning on doing so soon, moving into a smaller space can help decrease your annual expenses and stretch out your retirement savings. 

2. You’re Having Trouble Moving Around 

A house you bought when you were in your 30s might not be the best place for you later in life. If you’re having health issues or trouble moving around your home, such as climbing stairs due to age or medical issues, then it might be time to consider moving to a smaller, one-story house. 

3. Your Children Are All Grown Up 

Did your last child just graduate and move out? Is your house that was once full of noise, clutter, and children, now quiet? At this point in life, downsizing makes great financial and lifestyle sense because it will: 

• Lower your mortgage payment and let you put that money towards retirement 
• Give you less space to maintain 
• Give you more money to pursue your hobbies or travel 

Why Waste Money on Unused Space? 
If your children have moved out, you’re likely wasting money by heating/cooling and maintaining all of that unused space. If the cost, time, and physical demands of maintaining your property have grown too overwhelming, then downsizing to a home with a smaller yard, or even a rental whose landlord takes care of the upkeep, can alleviate this responsibility. 

4. You’re Dreaming of a New Location  

If the neighbourhood you’re living in no longer matches the type of lifestyle you wish to lead, then it may be time to move. Downsizing can put you in the location of your dreams, within walking distance to parks, shops, and restaurants. It’s also a great way to become part of a community of people who share similar interests with you. 

 

Call Our Real Estate Agents Today

At Mel Star, our realtors have helped so many clients find the perfect home to suit their changing lifestyle, and we can help you too! To find out more about our services, contact us at (403) 284-6333, fill in our contact form or visit in person at 206-2411 4 St NW, Calgary, AB T2M 2Z8.