As real estate agents, we get it. The prospect of selling the home you’ve lived in for a long time and moving into a smaller space can be a big ask. However, if you ask us (and the countless downsizers we’ve helped over the years), it’s well worth it!

Downsizing isn’t just about moving to a smaller home, it’s a total lifestyle change – one that can significantly improve your quality of life.

If you’re planning on downsizing your home, here are five big benefits that you can look forward to.

Thinking about downsizing in Durham Region or Kawartha Lakes? Click here to read our catch-all guide to finding the right home as an empty nester.

1. You’ve Got Fewer Responsibilities

Any homeowner will tell you that it’s hard work. This is especially true in our neck of the woods, where homes can come with a lot of outdoor maintenance and upkeep. Whether it’s everyday chores like vacuuming and shovelling the driveway, or bigger projects like patching up a broken floorboard, having a home of your own comes with a lot of responsibility.

All that said, one of the most notable ways that downsizing can make your life easier is by seriously cutting back on your obligations – at least those related to owning a home. In other words, the smaller the home, the less work that’s required to keep it in good shape.

Depending on your preferences, downsizing can help you reduce your responsibilities by a little bit or a lot. For instance, if you choose to move into an apartment or condo, you can more or less wave goodbye to outdoor maintenance duties.

2. You’re Not Tied to Your Home

We meet a lot of empty nesters who are planning on travelling as often as possible in retirement. In the same vein as the last item on this list, downsizing to a smaller place usually makes it much easier to be away from home.

With fewer household responsibilities, there’s a lot less to worry about when you’re away. So, whether you’ll be trekking across Europe for several months or are just looking to get away for the weekend, downsizing to a smaller home makes it much easier to pack up and go.

Thinking about downsizing soon (or know someone who is)? Check out these other blogs from our site.

• 5 Reasons to Start Your Downsizing Journey Early
• Is Port Perry a Good Place to Retire?
• Tips For Helping Your Parents Sell Their Home

3. Put A Little Money In Your Pocket

Another big perk of downsizing is the financial freedom it can come with. If you’ve lived in your current home for a number of years, there’s a good chance it has appreciated nicely in value since you bought it. This equity, combined with the smaller costs of your next home can put a little money back in your pocket – giving you a greater degree of financial freedom for the years ahead.

4. You’ll Have More Time For Yourself

Managing a smaller home is without a doubt less stressful. However, the perks of having fewer house-related responsibilities aren’t just psychological. When you downsize, you’ll find yourself with more time (and energy) at your disposal. This gives you the chance to really focus on and enjoy the things that matter most to you.

Whether you’re looking to pursue hobbies or passions that have taken a backseat in recent years, spend more time with family, or simply sit back and relax, downsizing lets you live with more intention.

Building a strong financial foundation for your golden years starts with a high-result home sale. Explore these related blog posts to learn more.

• Do I Need to Make Property Upgrades Before I Sell?
• How to Price a Home to Sell
• Is Now a Good Time to Sell My House?

5. Downsizing Makes Life More Peaceful

As they say, it’s hard to put a price on peace of mind. Cheesy as that saying may be, it’s true! At the end of the day, downsizing can make your life a whole lot more enjoyable. Less stress and obligations combined with more time and financial freedom equals greater peace of mind.

There’s also a sense of comfort with settling into a new chapter of your life. It’s one of the reasons why we often recommend downsizing earlier in life.

Downsizing can be a big step, but once you’ve done it, you’ve done it. It’s one last thing to worry about down the road. You get to enjoy all the perks of a smaller living space (including those we couldn’t fit on this list) without the prospect of a major move looming over you.

Downsizing With Puckrin & Latreille

When you’re ready to make the transition into your next chapter, we’re ready to help. From finding a great home to selling your current one, we know the downsizing process inside and out.

With over 175 years of combined experience, we’ve bought and sold practically every type of home – in every type of market. Knowledgeable about every community, neighbourhood, and type of home in our area, we’ll help you find the perfect place based on your needs and budget.

Looking to downsize your home? We’re here for you. Call 905-985-7300 to reach our team or click here to send us an email.

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