Benefits to downsize your house in Asheville
In real estate today, many people are moving to smaller homes for a number of reasons. Some have reached retirement age, and they don't see the need to have a big house anymore as they just need a few rooms to live a quality life. Others have raised their kids who have left the house. So such parents don't see the need to have a bigger house.
When one thinks of downsizing, empty nesters often come to mind. Couples whose children have left the home find the maintenance and expenses of a larger home not worth it anymore, and look to move into a smaller space. But the benefits of downsizing are being enjoyed by many with a ‘full nest’ looking to simplify their life, free up their time and yes, save money. (1)
Generally a smaller home can translate into a smaller monthly mortgage payment. In many cases, if you have lived in your family home for many years, and built up a sizable home equity, you may be able to cash out and purchase a new smaller, less-expensive home – even possibly eliminating a mortgage payment completely. (2)
Downsizing is moving from a bigger house into a smaller one. The good thing about downsizing is that it has so many benefits. Keep reading to learn the benefits of downsizing your home in Asheville.
You Spend Less Time and Money to Clean and Maintain the House
To explain this point, we have to connect downsizing and empty nesters. Couples whose children have left the house find cleaning, maintenance, and other related expenses of a larger home not worth it. That is why they move into a smaller space. However, we should note that the benefits of downsizing can be enjoyed by full nest parents looking to free up their time, simplify their life, and, of course, save money.
So if you want to spend less time and money on cleaning and maintaining your house, you should move to a smaller house, whether you have kids or not. When you move to a smaller home, you will have less space to clean. Additionally, your house will have fewer or smaller equipment and devices that require minimal maintenance.
Moving from a bigger house will help you save time and maintenance costs. So contact us today if you want to
sell my house fast in Asheville North Carolina, so that you can move to a smaller house.
Lower Utility Bills
One of the main reasons that can make you downsize to a smaller house is to save money. A larger house is always associated with high water bills. There are many bathrooms and taps in the house. Typically, there will be more laundry to wash. All that means that the water bill will be high every month. The electricity bill is also high as the heating and cooling equipment will run for an extended period to heat or cool the home. There are also many bulbs and high voltage electric appliances to run in a big house.
So when you downsize, you will move into a smaller house that needs low voltage and smaller heating and cooling equipment. It will take less time and power to keep the interior of the house in perfect condition. This can reduce your electricity bill by almost half.
When it comes to water usage, you will probably have one or two bathrooms, meaning less water usage. Also, you will have fewer loads of clothing to wash and areas to clean, using less water. All that cuts your water bill by a significant percentage. Downsizing your house can significantly help you save big money on water, electricity, and other utility bills. So if you want to downsize, we can help you
sell my Asheville house fast and even look for a smaller one for you.
Lower Property Taxes
Typically, the larger the home, the more property taxes you have to pay. You can calculate the yearly property taxes and how much you will pay when you move to a smaller house. The difference in size must be significant (several hundred square feet) to lower the property taxes. For instance, if you move from a 2200 square feet to 1400 square feet property, you will realize a significant tax reduction of around $2500 per year.
Lower Mortgage
Typically, a smaller house translates into a smaller mortgage payment. So if you have lived in your family home for many years, you can save sizeable home equity that you can cash out to purchase a smaller, less expensive home. You may not even have to apply for a mortgage loan or other financing to become a homeowner. So buying a smaller home is much easier. You can save enough money while still living in a big family house to buy a smaller house.
Less Stuff, Less Packing Time
When you move to a smaller house, you will require less stuff that will fit in the available space. As a result, you can be more selective about what you buy and keep in the house. But you can still have many items but learn how to arrange them and make the space look organized. Less stuff also means less time to pack when moving out or in.
Cheaper to Insurance
There are different homeowner insurance covers you have to purchase for your home. If you have a large home, you will require to pay higher insurance rates for the roof, which will be very costly. You may also have to pay huge monthly premiums to cover your home as desired.
When you downsize to a smaller house in Asheville, your homeowners insurance will reduce significantly. Most insurers base their rates on a replacement per square foot, meaning less space less premiums. You can save good money every month that you could have paid for the insurance while at the big house.
Conclusion
If you want to downsize and want to
sell my house Asheville NC first, Home Options got you covered. We are a trusted company buying small, large, smart, new, old, and ugly houses.
We buy houses for cash in Asheville North Carolina at fair prices. You don't have to renovate or update the home; we will buy it as it is. Once you contact us, we will come on-site to discuss the cash offer with you. We let you control the entire process and even choose the closing date. After sealing the deal, we can also help you look for a smaller house within your budget.
We here at Home Options are dedicated to getting the most cash possible into your pockets for your home as-is, so that you can get the most out of this situation and prepare to move on. We will buy houses in any condition without you needing to fix your home before sale.