The Positives & Negatives of Downsizing

The Merriam Webster Dictionary defines downsizing as "undergoing a reduction in size." Downsizing is sometimes used as a negative--a company may let go employees when forced to downsize due to a bad bottom line--but sometimes used as a positive--like when we clear out the clutter in our life. There are also positives and negatives when it comes to downsizing our home.

Buying a smaller home can be as liberating as it is hard work. However, if it is what is best for you and your family, it is worth it. If you are contemplating downsizing to a smaller home, make sure you think through the following carefully.

Positives to Downsizing:

  • Home maintenance ease (both indoors and outdoors).
  • Fewer Home Expenses
  • Investment Diversification & Increased Financial Freedom
  • Intentional Living: Less Clutter & Less Mess
  • Exciting Relocation Opportunities
  • New Lifestyle Changes

Negatives to Downsizing:

  • The Cost of Selling
  • Moving Stress
  • The Loss of "Home"
  • Possession Downsizing Difficulties
  • New Lifestyle Changes

Downsizing comes with a lot of baggage, both literally and figuratively. We understand that the process of selling and buying a home can be emotional. After all, it is a massive decision. Remember that we are here to support you in every way we can. If you have questions, are ready to make a move, or if you simply want to talk through your options, contact us directly at 403.630.6363. Ken has 30+ years of experience in this industry, he has seen it all and will use his expertise to your advantage. 

Good luck and happy downsizing! 

Your Real Estate Professional,

Ken Richter

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