Union County Homes: Top 3 Benefits of Downsizing

Top 3 Benefits of Downsizing

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Do you have too much house?

If the kids have moved out and cleaning 3 bathrooms, mowing the lawn, and heating and cooling 4 bedrooms is getting old, then it might be time to downsize.

Downsizing is not for everyone. There are many reasons people choose to keep the family homestead. Perhaps the kids have move far away and you want to maintain guest rooms for them. Perhaps your location is ideal for your job and you’re not ready to retire. Maybe the kids live close and you want to stay near them.

After the real estate bust, some homeowners who might have been ready to downsize postponed doing it until their home regained its market value. With market improvements for several years, you might be surprised at how much your home is worth. A simple phone call to a professional real estate agent might give you the news you’ve been waiting for!Small_house,_Roydon_-_geograph.org.uk_-_583520

Here's our top 3 list of the benefits of downsizing:

  1. Cost - For many baby boomers, the majority of our wealth is tied up in our homes and selling our home will release the cash that we might be able to use differently. Maintaining a home is expensive, and maintaining a large home is very expensive. Between real estate taxes, heating and cooling, utilities, insurance, and maintenance, many people find that they can save tons of money by moving to a smaller home. Additionally, smaller houses cost less to buy so you’re likely going to walk away from a downsize with a smaller mortgage. Even if you’re not ready to retire, moving to a smaller home will help pad your nest egg for retirement.
  2. Time - When you own a large home, your entire weekend could be spent doing household chores. If your new home is half the size of your old home, that’s half the time it will take you to maintain the home. Imagine what you could be doing with all that spare time!Small_Single-family_home
  3. Fresh Start - If you’re experiencing empty nest syndrome, a new home is a chance for you to regroup and have a fresh start. New homes offer opportunities for new friends, new clubs, new volunteer activities.

 

If you’re thinking about downsizing, now is the time to call a professional real estate agent. Find out what your home is worth and make an informed decision!

 

 

 

~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

Comment balloon 13 commentsWayne and Jean Marie Zuhl • August 12 2016 08:07AM

Comments

Just had this discussion with a couple people...and the whole snowbird option is another part of this for people in the ever changing 4 season climates.

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) about 2 years ago

Wayne and Jean Marie Zuhl We downsized and it was perfect.  Who needs all those empty rooms with the doors closed?  Your post offers good advice for many empty nesters.

Posted by Elyse Berman, PA, Boca Raton FL - (561) 716-7824 - CRS, ABR, GRI (Best Connections Realty, Inc.) about 2 years ago

 

Good morning Wayne and Jean Marie Zuhl ,

There are many empty nesters who are seeking to downsize just like there are those with expanding families who are looking to move up in size. The key is talking to a real estate professional who can help you walk through the process with you.

Posted by Dorie Dillard, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) about 2 years ago

Good Morning Wayne and Jean - those are good reasons to consider downsizing.  I saw this with both of our parents.  After a while you live to take care of the house.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) about 2 years ago

Good morning Wayne and Jean. Downsizing is not for everyone, but it worked for the wife and I. We also like our new location! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) about 2 years ago

I have been thinking about downsizing.  3,000 square feet is a lot to take care of.  Something small and easy sounds good to me right now.

Posted by Belinda Spillman, Colorado Living! (Aspen Lane Real Estate Colorful Colorado) about 2 years ago

Downsizing really does make sense for so many people. And as Wayne Martin mentioned, location can be a big factor in that. Sell the big house and move where you want to live. Even if you spend as much money  as you sold the house for and don't reap as many financial benefits (all this really comes down to financial planning), quality of life can go up significantly with more time and options for things to do!

Posted by Cody Carmen, Market Analysis--Educational Content, Adhi Schools (Adhi Schools, LLC) about 2 years ago

Hi Wayne and Jean- You're right, it's not for everyone.  I'm happy not to have to maintain and clean the large home we used to have.  

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) about 2 years ago

I would love a tiny home on a beach! I could just watch and listen to the music of the water!

Posted by Evelyn Johnston, The People You Know, Like and Trust! (Friends & Neighbors Real Estate) about 2 years ago

Dolores and I are in the category that needs to downsize. Getting rid of stuff and finding the right place are a real challenge.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) about 2 years ago

right sizing works for a lot of folks the question is the timing for each person

Posted by Mark Loewenberg, KW 561-214-0370 (KW of the Palm Beaches) about 2 years ago

We do spend many weekends working on household chores even though the HOA cuts our grass every week. A big house has its disadvantages.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) about 2 years ago

It's clear to my why downsizing works, but it's nice to see them logically stated.

Also...my senior citizen dog isn't as fond of the stairs as he used to be, but that may be just for my specific case.

Posted by Claude Labbe, Realty for Your Busy Life (Real Living | At Home) almost 2 years ago

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