The Disadvantages of Downsizing Your Home

Shadow of a large house from a miniature home | The Disadvantages of Downsizing Your Home | featured

Disadvantages of Downsizing | Although there are many advantages to downsizing your home, including both financial advantages (e.g. lower mortgage, lower taxes, lower insurance, lower upkeep, etc.) and non-financial advantages (less upkeep, less stress, more time to do the things that you want to do, etc.), there are disadvantages to downsizing your home as well.

RELATED: Are You Ready to Try a ‘Downsizing Trial Run’?

The Disadvantages of Downsizing Your Home

Woman carrying heavy boxes with man gesturing in room of their new home | The Disadvantages of Downsizing Your Home

Some of the disadvantages include:

  • Fewer Belongings: Moving to smaller quarters will mean less living space. This will probably require you to reduce the number of personal belongings that you can keep and will require you to dispose of certain things that may carry pleasant memories of years past.
  • Closer Neighbors and Less Privacy: To some, especially those who have been living in a row house, townhouse, or apartment situation, this may not seem like a big deal. But for those who have been living with a great deal of privacy, closer neighbors may not be such a good thing. We live on a one-acre lot and dread the day when we'll have neighbors upon us. It can be much worse for those living on more acreage.
  • Less Room for Guests: Fewer bedrooms mean that you will have less room for overnight guests, including family, friends, and even grandchildren. Although it can be a consideration, it shouldn't be a huge deal. A nearby hotel or motel can usually resolve this issue for you.
  • Space Restrictions: Smaller homes mean less usable space. Living without a basement or garage might not be a good thing for a handyman. Where do you store your excess items? And how about having to brush the snow and scrape the ice off the car during the winter months?
  • Less Prestigious Living Quarters: A smaller home in a less prestigious neighborhood may not matter to some. It will matter to others.
  • Change in Lifestyle: If you have loved landscaping or gardening, your new home may not offer you the same level of satisfaction as the old home.

When it's time for you to downsize, remember this: Home Downsizing is a Life Strategy. For most people who are mentally ready to downsize, it can be a good thing. And once your downsizing is complete, you will most likely see an improved quality of life.

Home Downsizing Tips & Strategies

  • Although the advantages of downsizing can out-weight the disadvantages, you should consider the disadvantages before proceeding.
  • Home Downsizing is a Life Strategy.
  • For most, downsizing the family home can lead to an improved quality of life.

Our services dovetail perfectly with Realtor services. Realtors deal with Real Estate. We deal with Personal Property. Realtors can't close on the Real Estate…until the Personal Property is dealt with.

We deal with Real Estate…which allows Realtors to close more quickly. Which ultimately benefits the client and everyone else involved.

Michael Ivankovich is a Home Downsizing Consultant, Auctioneer, and Appraiser in Doylestown (Bucks County) PA.

He is also the author of the recently released book “Home Downsizing in Four Easy Steps”. This 172 pg. book is full of downsizing tips and ideas similar to those found in this article, and the ebook ($14.95) is available for immediate download at http://www.HomeDownsizing4EasySteps.com.

The paperback book and further details about his Downsizing Services can be found at: http://www.HomeDownsizingConsultants.com.

Article Source: https://EzineArticles.com/expert/Michael_Ivankovich/523465

You Might Also Like:

Join the healthy living conversation with us on FacebookInstagram, and Pinterest. We want to hear your story—let’s connect via these channels. Find our community online and join the healthy living revolution today!

YOUR EXISTING AD GOES HERE

Article Source: http://EzineArticles.com/

Trending

Get Updates

SIGN UP FOR OUR NEWSLETTER TODAY

Newsletter