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 &