Benefits of downsizing for your next home

There are many reasons why you may be considering making a move into a new home. In many cases, however, it involves changes in our lives, from a new or changed job to the children moving out of the house. In any case, it is now time for you to make a move and you have some decisions to make. Those decisions not only include where to live, they include how to live.

It should come as no surprise to you that many people are considering downsizing when they move into a new home. In fact, the desire to downsize has given way to an entirely new housing market, tiny homes. This is true, even though the average living space per person has doubled in the past 40 years. Regardless of whether you want to live in that small of a space or not, reducing the amount of space that you have offers many benefits.

The following are some benefits you may experience in your downsizing efforts:

Financial Savings

One of the primary reasons why most people consider downsizing is due to the financial savings. Not only will you experience savings when it comes to your mortgage, you also spend less on everything from furniture and appliances to electronic items.

More Time 

Perhaps the most surprising benefit of downsizing your home is the additional time that you will have. Many people spend hours upon hours of keeping their current home and they may even spend extra time shopping to purchase new things to fill the home. Something amazing happens when you downsize. You end up spending less time taking care of the home and more time enjoying it.

Reduced Stress

The upkeep of a larger home can be overwhelming, especially if you try to do all of the work yourself. When you consider the indoor and outdoor home upkeep, along with cleaning, furnishing and home repairs, most people end up quite stressed out. Let’s face it, we live in a stressful world and we may experience stress at work. The last thing we need is to complicate the matter by experiencing stress at home.

Smaller Footprint

It is true that a small home will have a smaller physical footprint, but you will also have a smaller carbon footprint as well. On average, Americans spend about $2000 annually on energy. Having a smaller home means you can put more of that money in your pocket.

Traveling

The additional time and money you have when you downsize your home makes it easier to travel. Americans leave over 420 million paid vacation days unused every year. With a smaller home, you won’t have to leave any on the table.

Happiness

Another surprising benefit of downsizing is that most people find they are happier when they live in a smaller home. Rather than being spread out in every corner of the home on your own, you often spend more time with those whom you love. When you make your small home feel cozy, it can make you happy.

 New Beginnings

Many people move because they are ready for a new chapter in their life. Now is your opportunity to create your new environment and a smaller, more comfortable and easier to maintain home.

The views, articles, postings and other information listed on this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation.

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