TINY HOMES...moving on down

REAL ESTATE TOPICS

by Courtney Soinski

Are you ready to downsize into a smaller home? Get ready to reap all the long term and short term benefits that you’ll enjoy from living in a smaller space. Whether looking for a smaller home after the kids have moved out or downsizing to save on extra expenses, you can find the home of your dreams without wasting extra space and money. In a smaller home, you’ll save on energy, resources and even free up some leisure time. Check out these great advantages of downsizing into a smaller home.

Save Money on Energy and Living Expenses. It takes a pretty penny to run a large home so it is easy to see that one of the biggest benefits of downsizing into a smaller home is the huge decrease in energy costs. From water use in kitchens and bathrooms to heating and cooling costs throughout your house, you’ll find that your energy bill in a smaller home is much more manageable and affordable than in a large house.

Less Space Equals Less Clutter. When living in a larger home with lots of extra space, we tend to feel the need to fill it up with furniture, electronics and home decor. These items can be pricey and may end up serving as just a filler. In a smaller home, you’ll spend less money on home accessories, become organized and develop clearer priorities about what is actually necessary to put in your home.

Have More “Me Time” and Less Stress. You’ll be amazed by how much your stress level will reduce and how much money you’ll save when you don’t have that large house to clean, furnish and maintain. When living in a smaller home, you’ll spend less time and money on maintenance and do more of the things you never had time for.

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Lower Mortgage Payments. Another great advantage of downsizing into a smaller home is the reduced amount of money put into a home. The larger the house, the more expensive your mortgage payments and utilities will be. Living in a smaller home will save you money on monthly mortgage payments, homeowner’s insurance and taxes throughout the year.

Save Money on Yard Maintenance. Since a smaller home comes with a smaller yard, you won’t have to worry about landscaping and yard maintenance as much as you would living in a large house. Having a smaller yard reduces your home maintenance costs so you can put more cash in your pocket.

“Living Large” does not always mean that bigger is better. In many cases, downsizing is the better option because a smaller home is proven much more manageable and affordable than a large house and requires less upkeep. Ultimately, downsizing your home will help reduce your stress and simplify your life.