Either you hire someone to maintain your home or you spend a chunk of time doing it. Sometimes children will help out but one day that will end when they move to their own places.
Downsizing a home is often associated with these same children leaving the nest, but this isn’t necessarily the case.
Consider the costs of the mortgage, heating, air conditioning, garden maintenance, insurance, household maintenance, taxes, snow removal, repairs, and so on. In a smaller home, all of these will be reduced. In fact, some of them might be eliminated and others you would easily be able to deal with yourself.
It’s not all about the money:
Using the mortgage as an example, in a smaller place it may actually be reduced if not eliminated when your larger home is sold.
Utilities and taxes will be lower. A smaller space does not cost as much to heat. Likewise, property taxes will drop for a home that is smaller.
Repair costs will plummet. A smaller roof means lower costs to re-shingle. Fewer rooms translate into less paint to refresh them and less cost to decorate.
Should you decide on a condo, all the maintenance will be taken care of, so even the repairs will be eliminated.
Plan ahead to be sure that a move will be good for you. Write pro and con lists; discuss it with the others involved.
Are you concerned about what to do with all the free time you’ll have once you’re not spending hours cleaning or cutting the lawn? You may take up a new hobby, travel, enjoy time with family and friends, entertain more, travel, and the list goes on.
Concentrate on the future including new friends you can make, activities you can enjoy and a simpler lifestyle.
Start today to think about your future! Think about how you can downsize your expenses by downsizing your home. There may be a surprise there for you.
© Moreen Torpy
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Moreen Torpy is the De-Clutter Coach, a Trained Professional Organizer, Author, and Speaker. Her new book is Going Forward: Downsizing, Moving and Settling In. See www.goforwarddownsize.com for more about the book, and www.decluttercoach.ca to learn about her organizing services.