The housing market’s spring selling season is underway – and for some, this may mean downsizing from a family-sized property to a new smaller home that better suits their needs at this stage in life.
This can feel like a massive change, of course, and moving is often a big upheaval. But with some careful consideration, downsizing can be a really positive experience, according to NAEA (National Association of Estate Agents) Propertymark.
“The most important thing to consider is that you ‘right-size’ and find a property which suits your lifestyle,” says Mark Bentley, NAEA Propertymark president. “Moving to a smaller property also releases equity trapped in the property, gives you a home which is easier to manage and, depending on the location, it could mean better access to local amenities, which will improve your quality of life.”
Considering downsizing soon? Here are some tips from NAEA Propertymark to help keep the process simple and cost-effective…
Are you still in your family home or have you downsized already? Would you like to downsize and release some equity to spend in your later years? Or are you happy to keep your family home for your grandchildren to enjoy?