If you've thought about moving to a smaller home recently, you're not alone - there are so many benefits of doing so. However, you might worry that selling your current property is more hassle than it's worth. This is especially likely if you're dealing with the lengthy process and extra fees associated with estate agent sales.
That's where the possibility of a quick cash sale comes in. Whatever your motivation for downsizing, we'll be happy to buy your property for cash and guarantee a sale in the timeframe that best suits you. We make an offer and conduct a valuation free of charge, so you're under no obligation to take our offer forward. Here are some of the main reasons why you might want to downsize, and we'll tackle the most common questions people ask us about downsizing.
As noted above, there are loads of reasons why now might be the perfect time to downsize. Even if you haven't considered it before, if any of the following apply to you then downsizing your home could be the ideal next move in your life.
After retirement, it's common to find yourself with plentiful assets but very little money. Pensions are often smaller than expected, and the reality of living without a job can be alarming. Once you begin to see how different day-to-day living is after retirement, you might start to worry about a future where you don't have enough cash and can no longer afford to do the things you like. If you downsize and sell a house, you can free up a significant amount of extra money that you can add to the money you receive from your pension.
If you have a low income, you can easily find yourself in the same position as someone who has retired. In other words, while you own your own property you might have very little money to spend and your lifestyle may be severely restricted as a result. If you're 55 or older, equity release schemes allow you to release cash from your home by selling all or part of it. You can then move into a home that's smaller and more affordable, and you no longer have to feel anxious about money all the time.
Whether you're not as young as you used to be, struggling with an injury or recently diagnosed with a chronic condition, your accessibility requirements can change over time. Is your current home hard on your body? Perhaps you have too many stairs to climb, or the property is up a steep hill. In this case, downsizing to a comfortable bungalow could be the perfect solution. Everything you'll ever need will be on one level, improving your well-being and reducing the risk of accidents as well.
The larger your property, the more significant your monthly outgoings tend to be. For example, you have more space to heat and light, and that can add up to enormous amounts of money - especially during the cold winter months. In addition, the bigger your property the more room there is for things to go wrong and require expensive repairs or replacements. If you're worried about money, downsizing can dramatically slash your monthly outgoings, leaving you with way more cash to spend each month.
Most of us have more things than we need, especially if we have a lot of space to put them. They gather dust, get forgotten, and diminish the look of your home. If you downsize to a smaller home where you need less, and also have less room for junk, you'll immediately notice how much better life is without clutter. Research shows that decluttering actually boosts health - and you can even make some extra cash by selling on all those unwanted old items.
Maintenance gets tiresome and expensive in larger homes. You might feel like you spend your whole life trying to keep everything clean and neat - washing floors, hoovering and dusting endless surfaces. The same is true of larger gardens, which are tough to keep in good shape and are increasingly hard to maintain as you get older. Downsizing cuts down the time you need to spend on all of this upkeep, meaning you you have a smaller but perfectly maintained home.
There are loads of ways in which downsizing reduces your stress. Because smaller homes provide so many economic benefits, your financial burdens shrink. You have more money to enjoy a comfortable life and save for the future. Plus, due to the maintenance benefits noted above, you also have more time to pursue your hobbies, socialize, and just plain relax. Almost everyone who downsizes notes that they're less stressed than they were in their bigger home.
As you age, needs and preferences change. The place that was perfect for you in your 20s may no longer be ideal when your family increases in size, and the family home from your mid-life may not fit you nearly as well in retirement. For lots of property owners, there's a real pleasure to be found in downsizing to a new area. That might be so you can enjoy the quiet countryside, be near younger family members who have left home, or have daily peaceful walks by the sea. When you downsize, you have much more choice about where you live.
"Downsizing" means different things in different contexts, but when we're talking about property it refers to moving from a bigger home to a smaller property. In this guide, we've focused on the many benefits of doing this and why it can be much easier than you might imagine.
Downsizing is a sensible move for the majority of people, especially when children leave home or homeowners enter their retirement years. You might also want to downsize if your physical health changes, your relationship changes or your preferences about property location evolve. Sometimes, your reasons may have nothing to do with the property - instead, you might just want more money, and see downsizing as a quick way to obtain it.
We've outlined some of the major benefits above, but in sum: downsizing helps you save significant amounts of money, quickly converts one of your assets into usable cash and gives you more choice in terms of home location. It also simplifies your life, encouraging you to get rid of stuff you don't need and reducing the time you spend on tedious housework and maintenance.
You might not want to downsize if you dread the time-consuming, cost-heavy process of selling property through an estate agent. However, with services like ours, downsizing doesn't need to be arduous. We can make it easy, taking your home off your hands so that you can focus on making your new, smaller home perfect for you.
There is no one right time to downsize, but major life events are often the triggers for moving to a smaller property. For example, if all your children have left home, you're retiring, or you want to move to be closer to your relatives, now might be the ideal time to consider downsizing. It's smart to do so before you reach old age, so that you can feel comfortable and secure in your later life.
If you need to sell a house fast, get in touch with us and we'll explain how we can meet your needs. We are skilled at ensuring sales happen at the pace you need them to, and we've dealt with a diverse range of complicated cases. Why not give us a call or fill in our inquiry form? There's no obligation and no cost, and this might be the start of the best move you've made.