In real estate today, less is more! There is a trend towards smaller homes for many reasons; families have fewer children on one end of the spectrum, the well-known average of 2.5 children per household has dropped, now coming in at an average of 1.93. Often, homeowners find rooms that once were needed are vacant a great deal of the time. Additionally, there has been a surge in retirement over the past few years. With less house, you may find the time and money to explore previously undiscovered passions or check things off your bucket list. You may become a master gardener, take classes at a local college, or take off on world adventures. Whatever the reason you are considering a move to a smaller space, it is helpful to have as much information as possible to make an educated decision. Read on to learn more about these five benefits of downsizing your house in Tucson.
Owning things means you must pay for where they sit; the less stuff you have, the fewer life costs. Smaller spaces by their nature force homeowners to be more selective about their possessions. However, before you start, you should be aware that organization and thoughtful utilization of storage space is key to successful living in a smaller area. The process of letting go of the extras can be difficult initially; however, it can also be very freeing. The simplicity of living with fewer things can be an unexpected benefit of downsizing your house in Tucson.
Homeowners can heat or cool smaller spaces with less power, which means you can save a tidy sum on your monthly utility bill. In addition, installing extra insulation and off-grid resources, such as rainwater collection and solar paneling, can lower costs for utilities even further, as will upgrading to more energy-efficient windows. Finally, purchase energy-efficient appliances to realize the most savings on energy. Over the year, these savings add up to a money-saving benefit of downsizing your house in Tucson.
The value of your home influences your property taxes, and with less home, there will be less property tax due, which is another cost-saving benefit of downsizing your house in Tucson. Often, smaller homes, such as mobile homes, are not considered real estate if you do not own the land the home sits on, and any taxes paid are significantly less for personal property.
Cheaper to Insure
Another benefit of downsizing your house in Tucson is that less cash from your pocket will go towards homeowners insurance when you own a smaller home. Insurers base their rates on a replacement per square foot basis, so less is less costly for your policy payments.
Last but not least, the saving on the mortgage payment is a motivating factor for many homeowners and is probably the most significant benefit of downsizing your house in Tucson. Because the home is much less expensive, buyers can often pay for a smaller home in full from the sale of their previous home and begin living life mortgage-free.
Ready to learn more about the benefits of downsizing your house in Tucson? A professional real estate buyer like those at Easy-Man Buys Houses will take the time to answer any questions or concerns you may have about making a move to a smaller home. We will help you discover what your home is worth on the market today, with no cost or obligation. Then, you can compare this to our cash offer. In addition, Easy-Man Buys Houses provides you with a guaranteed closing date convenient to you. With no closing costs, no commissions, or hidden fees, you will save time and money with a direct sale to Easy-Man Buys Houses.