Should You Consider Downsizing Your Home?

Most of us dream of owning a spacious, well-appointed home. However, this dream is not always practical. Sometimes, downsizing is the best option: it frees up money while allowing you to move to a more manageable property. 

But how can you tell if downsizing is right for you? 

There are several key groups of people who should consider downsizing. Luckily, it’s easy to tell if you belong to one of them!

1. Individuals Approaching Retirement 
   If you’re about to retire, a large property can be more of a burden than a blessing. After all, it costs more to heat and maintain. What’s more, the value of the property is likely to be high, but you can’t access that value in the form of money without selling it. Downsizing is the perfect solution. It allows you to sell a property and move to a smaller, less valuable one, therefore freeing up money for your retirement. Additionally, because a smaller property costs less to run, you’ll find that you save money over the course of your retirement and have more cash to enjoy yourself with!
2. Divorcees 
   If you’ve been left with ownership of the house after a divorce, selling it on may be the best course of action. You are unlikely to need as much space if you are no longer living with your partner. Furthermore, if you and your partner pooled your incomes, you may find that you don’t have the money to maintain the property on your own. Finally, it may be emotionally difficult to continue to live in the property. Downsizing allows you to move to a more affordable house and liquidate some cash to help you ‘get back on your feet’ following the divorce. It also gives you the chance to put the divorce behind you by distancing yourself from the bad memories associated with your old property.
3. Individuals In Financial Difficulty 
   If you’ve lost your job or are in debt, it doesn’t make sense to maintain a large property. The money you can gain access to by downsizing could help you pay off your debts or support you while you look for work. When you’re faced with financial difficulty, one solution is to sell off assets that you don’t need. Your house is one of the most valuable assets you own, so selling it and moving somewhere smaller can really help your financial situation, regardless of what sort of trouble you’re in. Financial problems are always stressful, but they’re not insoluble - especially if you’re lucky enough to own property.

Of course, selling your home can seem like a daunting process. If you’re busy planning your retirement, you’re under financial pressure or you’ve just experienced an emotional upheaval, you may not want to commit to a long sales process or deal with estate agents. 

Don’t worry: you don’t have to! Our service is ideal for people who want to sell house fast. We allow you to make a quick cash sale in a matter of days, without any fuss or bother. If you think you should be downsizing, talk to us!