Life is becoming so expensive! It’s difficult to keep on top of all the price rises that are going on right now. If you’re finding your belt is tighter than ever, then you might be looking at some more drastic ways to keep afloat. One of those options is to downsize your house. Here are just a few of the pros and cons of moving to free up cash:
If you’re willing to fit into a smaller space, you might not have to move away from your neighborhood. By staying on the same street or estate, you can make sure the kids don’t have to change schools or leave any of their friends behind. As for you? You won’t have to change your commute or find a new job.
Of course, with a smaller space to heat or cool, you might find that your energy bills are much cheaper. If the backyard or garden is smaller, then you won’t have to do as much weeding and mowing! And smaller properties are often cheaper to ensure. There are fewer windows and more neighbors around to put off a would-be thief.
When you’re all spending time in a single living room, you’ll be spending more time together as a family. This can help you to boost that quality time you get to spend with the kids. And you’ll be able to keep a closer eye on what they’re up to as well! You might find they’re tidier when they have to share space. Putting things away is very important when you have limited storage.
If you need to downsize in a hurry, you might struggle to find a buyer for your current home in time. After all, bigger houses only attract buyers with a bigger budget. However, there are websites like SellHouseFast that offer several different ways to get the cash back from your old house quickly.
You will have to pack up your old house and move everything to the new one. That takes time, energy, and patience! Your kids might be quite excited about the idea of moving, but there is every chance they’re frightened about everything being different and new. Siblings might not be so keen to share a room either.
When you have kids, you’ll find you have a lot of possessions. Gifting or selling what you can is useful so that you have less to take with you to your new smaller house. Agreeing with the kids what they have to give up might be a challenge though. It can be hard for you too.
There are many reasons for downsizing. You might simply have more house than you need right now. Or maybe you want to free up some cash from the property you own? Sometimes a move is essential to stay afloat financially, so making a quick sale is essential.
To ensure you are attracting buyers to your home, make sure everything is as fresh, clean, and tidy as possible. Try some welcoming aromas like baking cookies when viewers come. And stay positive!