Downsizing your home in Texas
Home Improvement Guide - December 24, 2019
If you are trying to keep up with the bigger-is-better philosophy in life, it’s time to think again. Especially if you are contemplating downsizing from your present home. In many cases, smaller might be better. Although at first sight moving into a smaller home feels like a step-down, it’s just the opposite. By downsizing your home, you will save money, save time and have less clutter in your life. Some research shows that most American families have plenty of room to downsize their homes without lowering their lifestyle. So, there are many reasons why you should consider buying a smaller home. In this article, we will help you with some useful advice and observations on downsizing your home in Texas.
Downsizing your home in Texas the right way
Even though spending less time cleaning and paying smaller mortgage seems appealing, sometimes downsizing isn’t the right move. Sometimes is better to hire affordable movers in Fort Worth. Before you make a final decision on downsizing your home, read on and ensure that you’ve made a proper decision. Don’t make downsizing become a costly mistake.
Before downsizing your home, think about it long-term
Maybe thinking too much in advance isn’t the right option. On the other hand, before you make a decision, you have to think long-term. That refers to several questions. Are you going to need all those rooms after your kids head off to college? Or do you need extra space for your office space? Only you can give an answer to these and similar questions. It depends on your preferences and financial possibilities. Maybe getting help from packing services in Fort Worth TX is worth the cost. The bottom line is that you have to calculate will it be worth paying extra money for more space.
You have to keep it functional when downsizing
There are many advantages of having everything you need within arm’s length. Nothing was missing in your tiny dorm room where everything was so functional. Not to mention the practical side of a smaller home when it comes to cleaning. Also, you can benefit while downsizing your home in Texas by decluttering your old closets. Afterward, you can donate or sell stuff you don’t need. It’s a win-win situation- fewer items to clean and more money in your pocket.
Look at your home’s downsizing as a bigger picture
By mentioning the bigger picture, we are talking about more time with your family and loved ones. Because downsizing your home means downsizing your square footage. And downsizing square footage means your family has to gather around one TV, instead of everyone spending time in different rooms. Think about all of these factors before deciding if downsizing your home is the right choice for you.
Hidden costs when downsizing your home in Texas
It is a fact that downsizing will eventually save you money, especially in monthly mortgage payments. On the other hand, you should know that there are hidden costs of downsizing. First, you have to figure out if your home needs any repairs to get it ready for the market. Then, think about the old appliances and furniture. Will they even fit into a smaller place? Because if they won’t, you will need to spend extra money on more space-efficient pieces. Also, you have to take into consideration the cost of moving, storage, and property taxes. Finally, you might conclude that moving to a smaller space will save you time. But sometimes, you can save just by staying right where you are.
Here are the main advantages of downsizing your home in Texas
- Less time spent on cleaning: The fewer rooms and smaller spaces to clean, the more time you have for yourself. Smaller rooms will cut down the time you need to maintain and clean. Also, smaller homes will reduce the time you’ll spend on household tasks, eventually leading you to do something fun instead.
- Increased cash flow: As we already mentioned, you will need less money for a mortgage payment. That way, you will have more money left monthly to allocate it for other needs.
- Lower bills: Logically, it will take you less to heat or cool a smaller home. Therefore, less square footage will lower the amount of energy expended. That will reduce energy and keep the environment green.
- Minimized stress: Smaller homes will reduce stress, as it will bring lesser responsibility and greater flexibility. We can say that homeowners who have downsized their homes sometimes appear happier because they are no longer overwhelmed.
On the other hand, there are disadvantages to downsizing your home
- Fewer items: If you decide to downsize your home, it will have consequences. It will result in selling, giving away or throwing out furniture and other items. That will acquire sorting out and emptying your garage, basement, and attic. Not to mention the sentimental attachment you might have to some of your stuff.
- No extra room for guests: Smaller homes won’t leave you enough space to host parties for many guests. Also, it won’t be possible for out-of-town guests to stay in your home for a sleep-over.
- Less space: It is harder to maneuver in a smaller space. Also, it is hard to get away from other family members and enjoy your quiet time. There will be fewer rooms to escape when you need your time alone.
Financial benefits from downsizing your home in Texas
If we still haven’t convinced you that downsizing your home is a good idea, think about this. Downsizing will reduce your mortgage by $500 a month. That will allow you to put your cash into other financial goals. Also, to save as much money possible, first consider similar comparable sales and your home pricing. Then you will think about the rest. Furthermore, when it comes to the dilemma of whether to buy or sell first, we have a tip. Generally, it is better to sell first. The reason is that it will keep your emotions in check. Afterward, you will be emotionally ready to check out some new home spaces.
We hope that we’ve helped you in deciding whether downsizing your home in Texas is the choice for you. After all, we want you to make the right decision. Good luck!