Top 3 reasons why now is the best time to downsize…

- Wed 16 Nov 2022

During the current increased cost of living we are all embarking on, have you found yourself thinking about downsizing your home? Whether you are conscious of reducing bills and overheads against a back drop of increased costs or aiming to make life easier in a smaller home where all the space isn’t needed. There are many reasons why people in your position are taking action now, perhaps it is time you do the same.

Firstly, the most common reason to downsize is due to the many financial benefits to buying a cheaper home than the one you currently enjoy. As we venture into a time of economic uncertainty, many of us are thinking what we can do to reduce our outgoings but also tie that in with moving to a lovely new home, perhaps in your dream location. Downsizing is not only the most efficient way to cut down on your outgoings but also takes away the burden of heating no-longer needed empty spaces.

Secondly, family is usually a key driver to people moving, particularly when children are further away than you would like or the grandchildren have arrived and are growing up too quickly. If recent years has taught us anything, being close to your loved ones is more important than ever, especially as we see ourselves heading into difficult times. This also may enable you to help your family by giving them the leg-up they need to get on the housing ladder or simply being able to see them enjoy their ‘inheritance’ whilst you are here as opposed to when you’re gone. It is a growing trend to be able to pass on a considerable wealth to your offspring sooner rather than later and means you can enjoy those experiences all together.

And lastly, location is always key! The cost of living crisis we see ourselves heading into, makes us think about all aspects of life. This could be from our commute to work, closeness to children’s schools and access to local amenities. These few factors could not only save you money but also time, the closer you live to each one. If you spend the most time in your car or using public transport to drop your children to school, why not look to move closer and with that downsize to save even more money?

Moving home is always a personal choice and a big decision as well. It should be the right time on a personal level for you to start a new chapter in your life and hopefully you and your loved ones can all be a part of that. Often people seek the ‘perfect’ time, which doesn’t always appear and so you have to take a leap, one that you may have been putting off.

To speak through your current situation with a team of experienced and knowledgeable people, please get in touch with your local Bradleys branch today. Or click here to book your no obligation valuation of your home and begin your next property journey.