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When Is the Right Time to Downsize?
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Before you decide to downsize from your current home, ask yourself these three questions.
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One question we are asked on a pretty regular basis by clients is, “How do I know when the right time to downsize is?” There are some very important questions you need to ask yourself in order to determine this.
1. Can you really live with less space? A lot of empty nesters realize that they don’t need as much space or as many rooms but when it comes down to it, a lot of them aren’t ready to give things up to fit in a smaller space. If you’re not ready to give up some of the luxuries of having a large home, downsizing doesn’t make sense right now.
Can you really live with less space?
2. Are you ready for a truly lower-maintenance lifestyle? Going from a large home to a condo or townhome leaves you with less yard work, less maintenance, and less square footage to take care of. If that sounds like an exciting change in your life, it’s something for you to consider.
3. What kind of equity position do you have on your home? If you are in a great market, the timing might be perfect for you to maximize the equity you will pull out of the home. It might be time for you to talk to us if that is the case.
If you have any questions for us or are looking to buy or sell in Des Moines, give us a call or send us an email. We look forward to hearing from you.
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