What are some of the most common reasons and strategies for downsizing your house? There are many reasons to downsize your home and you’re probably wondering what your options are.
Reasons to downsize your house
Its simple, less home means less work. Less repairs, cleaning, furniture, and space all mean less cost to you for different services and utilities. For good reason, many homeowners will eventually consider downsizing their house.
Some common reasons to downsize include:
- Fatigue from managing multiple properties
- Empty-nester (children and family leaving the house)
- Moving to a new city or state
- Cash in on home equity to live more comfortably financially
Should you downsize your house for cash?
Every homeowner and property are different. However, there a several reasons why selling your home for cash is a great option if you are looking to downsize your house. If you are in a position to downsize you likely have good equity in your home. You have also likely owned it long enough to have seen great appreciation in your home value since you first purchased it.
Home prices have risen sharply in the past two years. If you are thinking about selling, now is a great time to cash in. What this also means is that you are sitting on great financial gains even without having to pay for expensive repairs or even hire a realtor.
If you are going to downsize your house in this current market, you are essentially sitting on house money. This positions you to sell fast and without the headaches which is the whole purpose of downsizing your home to begin with!
Downsizing in San Diego
As we mentioned earlier, downsizing can be brought on by financial concerns, an empty nest, retirement or other factors. As welcome as the lifestyle change might be, making it a reality has a potentially major obstacle—selling your present house.
We have been helping San Diego homeowner downsize their home for almost two decades. The service we provide makes it easier for homeowners to downsize their home without paying repairs, commissions, fees, and closing costs.
If you are thinking of selling but do not want to leave San Diego, we also offer an inventory of turn key properties you might enjoy. If you are interested and want to learn more about selling your house for cash, give us a call anytime and we are happy to answer any of your questions.