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3 Smart Reasons To Consider Downsizing
3 Smart Reasons To Consider Downsizing
Living large isn't necessarily living better.  Townhomes, condos and villas have become the new norm for more people than ever before.  Yes, many of townhome/villa buyers are Baby Boomers but, it’s clear that other generations are beginning to prefer smaller spaces too. 
This appears to be more than just a trend. According to TIME Magazine, multi-family dwellings like condominiums accounted for 40% of the new construction in the US last year and the movement is showing few signs of slowing down. 
The change isn't surprising when considering the benefits to downsizing, especially when it comes to the savings in cost of living. Whether townhome/villa homeowners are spending less cash or conserving their valuable time and resources, they're certainly seeing a difference in their finances.
Here are three money-smart reasons to downsize that can lead to big savings.  
1. Reduced Maintenance
Maintaining a single-family home can difficult, time consuming and/or costly. Clearing gutters, painting walls, landscaping and other outdoor/exterior tasks do cost money, as homeowners are forced to invest their valuable time and resources into these recurring maintenance items. 
Moving into a smaller space means less maintenance, which can lead to serious savings. Multi-family dwellings typically have building managers who are responsible for upkeep, leading to noticeable savings. 
2. Lower Utility Bills 
Utilities are ... more

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