4 Signs You’re Ready to Downsize

Hammond Property Group Video Blog with Brian Hammond

Today I want to go over the four signs that show you’re ready to downsize.

A common question I want to address today is “When might be a good time to consider downsizing?” There are actually four signs you may be ready to downsize:

1. Retirement. Many people choose to free up cash flow by selling their larger home when they retire. This allows them to do more and gives them more flexibility.


Downsizing when you retire could give you a much more flexible lifestyle.


2. Anxiety. Many people have anxiety when it comes to maintaining a larger home. It could be because they have gotten older and maintenance is harder to keep up with, or perhaps they are a widow or widower. If the feeling of anxiety becomes too overwhelming, it would be a good time to consider downsizing.


3. Unused space. If you have a larger home with rooms that serve no purpose or are only used for storage of unused items, it might be a good time to downsize.


4. Money opportunities. Many people have had great appreciation on their property. They can sell in order to tap into that equity and use that money to live longer and more enjoyable lives without having to worry about maintaining a large home.

If you’d like to know more about downsizing or you have any other real estate questions, please feel free to give me a call or send me an email. I look forward to hearing from you!