By David Lowes, Duncan Realtor
If you answered yes to any of these, it may be the time to start looking at downsizing to a smaller, more manageable home.
Buying a smaller, less expensive property will give you equity left over, to use for whatever you wish. Will this allow you to be mortgage free? To travel? To retire earlier?
It’s an exercise in saving both money and time.
Can you suite your house? Can you bring in a cleaner or gardener to ease the maintenance load?
Do you want to stay in the same area, move to the seaside, or buy a low-maintenance condo in the center of town, walking distance to shopping?
Will you have to make a significant compromise or is there a lot for you to choose from?
People downsize for many reasons; while for some it may be an empty nest where they feel they rattle around in the house by themselves. Perhaps the house and yard require too much upkeep. For some, it may be a change in their relationship or a lifestyle change.
You can downsize at any point, but it’s worth doing some research into where you want to live, what kind of property you’d be happy with, the sort of lifestyle you want, and being realistic about how much you own.
If you have further questions on this topic, please contact our team today.
If you are looking at purchasing a new build, give our team a call to discuss your Cowichan Valley real estate needs. We can work with you to help you determine what is best suited for you and your family.