8 benefits of downsizing your home
Taking care of your home can be a labor of love, but it can also be a drain on your time and money. As the years go by, you may decide that having a big house with lots of rooms is more than you need. And if you’ve been spending more time at home with social distancing, you may be ready to simplify your living situation. Downsizing your home can give you the freedom to focus on other goals as you plan your retirement years.
While it can be difficult to leave a home where you’ve built memories over the years, there’s a lot to gain by moving to a smaller home, townhome or retirement community. Here are eight perks of living small:
- Lower housing costs. Selling your home and moving to a condo or senior living community reduce the costs associated with staying in your home. Having the flexibility to sell your home when the timing is right can provide a greater income opportunity for your retirement.
- Lower utility bills. You’ll save energy and spend less on gas and electric bills when you move to a smaller living space.
- Less home upkeep. Maintaining a large home can be overwhelming, and the repairs can be both time-consuming and expensive. With one project after the next, it can feel like your work is never done.
- Less cleaning. Downsizing to a smaller space means spending less time dusting, cleaning and scrubbing floors, washing windows and vacuuming carpets.
- Less clutter. If you’re living in a smaller space, you’ll have an incentive to declutter and downsize your belongings. You might even make some money selling excess furniture and items you don’t need.
- Greater safety. Moving to a home or retirement community that meets your needs can help you stay safe, whether that means one-level living, lawn care services or other home features that make life easier.
- More freedom. The responsibilities of maintaining a large home can make it difficult to get away. Downsizing can free up time and money to spend on travel, hobbies and other bucket list items.
- New social opportunities. Living in a big home can be lonely, especially after children have grown up and moved away. Joining a retirement community can open doors to new friends and social activities.
Ready to rethink your living situation? We’re here to help you explore your options so you can make a smart decision. Learn more about what you can gain by exploring what Presbyterian Communities of South Carolina has to offer. Visit www.prescommunities.org.here to learn more.