Now, more than ever, people are asking the question, “Should I downsize my home?” With people becoming more mobile, travelling more, and changing jobs more frequently, there has been a shift towards smaller, more affordable homes. Downsizing is perfect for those that are looking to work remotely and not be tied to a certain area. In areas with high property taxes such as New Jersey, downsizing can save you thousands of dollars each year.
A big house with lots of room for office space or for kids is the dream for many people at some point in their lives. But after the utility of the house has taken its course, and the upkeep becomes a burden, it may be time to sell. We work with many sellers in Philadelphia and New Jersey that are looking to downsize and sell their home.
How Do I Know When I’m Ready To Downsize?
– You can’t keep up with maintenance
– You have a health condition preventing you from using the entire house
– You want to tap into equity
– You no longer need the space
Helpful Downsizing Tips
Make Sure You’re Ready
We can close on the sale of your house in as little as 30 days. Are you ready to move out in a month? Do you have another house set up or an apartment to rent? The idea of selling your house sounds nice until you sign paperwork and all of a sudden your house in under contract! No worries though, we are willing and able to help find you another living situation to move into as you are selling your home.
What Will You Do With Extra Cash?
After you sell your home, assuming the mortgage is at least somewhat paid off, you will wind up with a nice sum of money – hopefully. Will you be spending it on another home? If not, you may want to look into investing it. You could even loan out the extra cash on a real estate project and make a lot of interest on it! Believe it or not, we can give you more information on that as well if you’re interested.
Clear The Clutter!
Before you sell your house is a great time to clear your house of clutter. Especially when downsizing, you don’t want to worry about not having enough space in your new place for everything. Start making a list of “must have” items – and give away or donate the rest. You’d be surprised how much stuff you can live without. And as a bonus – an uncluttered house sells faster and for more money!! Why not help yourself and us out by cleaning out as much as you can before buyers start walking through your door.
There are many things to consider when downsizing your home. However, making the decision to do it will be the hardest thing! From there, it gets easier. We can help you any step of the way. Whether you are looking to buy or rent a smaller place, we can help you sell your existing property and find you the perfect new place to move in. Trust the local specialists. Give us a call at 215-770-3122 or send us a message anytime. We’d be happy to help!