There are many reasons why people downsize in NW London. Selling your home and buying a smaller one is known as downsizing. If you are considering it but are still unsure if it is the best choice for you, we have listed the top five reasons why people downsize below.
Maintenance
The upkeep of larger homes is much more labour-intensive than that of smaller homes. This includes both the weekly cleaning and basic maintenance in addition to repairs. Perhaps you are discovering that you are less mobile than you once were, or maybe your priorities have changed, and you now place a higher priority on spending time with family and friends than on carrying out home maintenance. By choosing to downsize, you can spend less time maintaining your home and more time doing the activities you enjoy.
Space
Families need more space as they grow, so you’ve probably moved around a lot over the years to make room for your growing family. However, after your children have grown up and left the nest, you could start to feel as though you are rattling around in a large empty house with numerous unoccupied bedrooms. It might be time to think about downsizing if you have more rooms than you know what to do with.
Health
Your health may be suffering as a result of having to maintain such a large home. It’s also possible that you have developed mobility problems and are having trouble navigating your house, even with modifications. In addition to being simpler to maintain, downsizing into a home without stairs can help with or be a good plan for any future possible mobility issues.
How do you feel while you are at home?
Your home should make you feel content, secure, and at ease. If your house doesn’t make you feel these ways, it’s time to start thinking about moving. This is especially true if staying at home makes you feel depressed, isolated, or afraid. Even if relocating won’t necessarily fix all of your problems, a new beginning in a new area might present you with the chance to meet new people and feel safer.
Bills
Costs increase with the size of the property. You may be considering downsizing to lower the size of your bills and make your monthly outgoings more manageable due to the dramatic increases in energy costs and the rising cost of living. Alternately, you might find that your outgoings have begun to exceed your incomings if you’ve recently retired or if you or your partner have started to cut back on working hours. Your bills may become easier to manage if you downsize.
Choosing to downsize can be an emotional decision. If you would like to have an honest and sympathetic discussion about whether downsizing is right for you please give us a call on 020 7759 2199 or send us an enquiries@vitaproperties.uk and we will be happy to help you reach the right decision for you.
