In their early days, many homeowners wanted to buy the biggest homes on the Wasaga Beach real estate market. Doing this gives homeowners ample room to raise a family. However, after living in a home for a number of years, a majority of homeowners need a change. Some people find that they need more space, but many homeowners feel the exact opposite. This is when a homeowner needs to consider downsizing.
For those that don’t know, downsizing is the act of moving from a large home into a smaller home. There are a number of reasons that people do this, ranging from old age to an excessive amount of space.
Some homeowners know exactly when they need to downsize. Although, this isn’t the case with all people in living in Wasaga Beach Ontario. Homeowners that notice any of these signs should consider downsizing.
The Chicks have Flown from the Nest
Although some parents want them to stay forever, many young adults move out of their parents' homes at one point or another. This is a bittersweet moment for many parents. They are proud that their child is independent, but they are also sad that they are leaving.
After all of the “chicks have flown from the nest,” many homeowners tend to have too much space. Many areas like bedrooms and recreational rooms are left empty and un-utilized. When this is the case, homeowners should consider downsizing. Homeowners that don’t downsize end up wasting their money on unneeded rooms and amenities.
Maintenance is Becoming Difficult
In their 20s, 30s and 40s, many homeowners have the physical ability to properly maintain their home. Residential home maintenance includes tasks like mowing the lawn, taking out the garbage, and cleaning the interior.
However, as homeowners age, these tasks become quite difficult. Tasks that are easy to do at 30 aren’t as simple at 65. If a homeowner is noticing that these everyday tasks are becoming increasingly difficult, they need to think about putting their home on the real estate market.
Homes with too Many Stairs
Homes with multiple flights of stairs can be a double-edged sword. Firstly, they offer a ton of storage space and can be aesthetically appealing. However, they can also pose a number of problems for elderly homeowners.
As mentioned earlier, as a person ages, regular chores like cleaning become more and more strenuous. Additionally, other everyday tasks, like walking up and down the stairs, also become painfully challenging. This is especially true if the homeowner has bad knees or ankles.
Aging homeowners that have long, winding staircases in their homes should consider downsizing because they will have trouble going up and down them. Furthermore, lengthy staircases can also be potentially dangerous for senior homeowners. If the person slips and falls, they could end up suffering serious injuries.
Rarely at Home
Many homeowners like to spend their golden years traveling around the world. It isn’t uncommon for some homeowners to be abroad for a quarter or half of the year. When this is the case, homeowners should consider selling their Wasaga Beach homes and downsizing.
This is due to the fact that they pay a large sum of money for a property that they rarely occupy. By downsizing, homeowners can make some profit and even put this money towards their next trip! Additionally, they won’t have to spend as much on monthly payments.
“Should I stay or should I go?”. This is a question many homeowners ask themselves when they think about downsizing. Thankfully, there are a number of signs that homeowners can look out for when they are thinking about downsizing. Some of these signs are having too much space, too many stairs, and not being able to maintain the upkeep of their home. Additionally, homeowners should consider downsizing if they spend the majority of their time out of the house.