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7 Reasons to downsize

Downsizing to a more affordable home makes a lot of sense. Here are 7 great reasons to make the move.

Free Up Cash For Your Future  

Downsizing to a more affordable home can provide the opportunity to free up a significant amount of money for your future. Use the proceeds to pay cash for your new home with the balance used to pay off debts, supplement your retirement income, boost your super, take a dream holiday or put aside for a rainy day. 

Make a Fresh Start  

Whether it’s because of a significant life change like the loss of your partner, divorce or the feeling of an empty nest or merely a desire to reinvent yourself for the next phase of your life, downsizing provides an opportunity to break from the past, make a fresh start and enjoy a better future in a new home. 

More Time. Less Stress

Downsizing means fewer things you need to manage. It reduces the cost, time and stress that comes with looking after a larger home and garden. 

Downsizing encourages you to declutter, to reassess the things you really need and to take with you only those things that bring joy to your life. With less time spent on cleaning and maintaining your home, you will be surprised by how much more time you will have to do the things you love.

Enjoy a Sea or Tree Change

Downsizing also provides the opportunity to leave behind the hustle and bustle of city life to escape to the great outdoors and enjoy the beautiful Australian landscapes or the friendliness of coastal communities that a sea or a tree change can provide. And with the full range of downsizing solutions to be found right around Australia, you really can take your pick from Australia’s best, most relaxed or adventurous locations.

Enjoy a Brand New Home 

Downsizing your home doesn’t mean you have to downgrade your living environment. Often a decision to downsize is a move to a brand new and more practical home. And the experience and exhilaration of ‘brand new’ doesn’t mean you have to leave the things you love behind – it’s just a time to blend old and new to create your perfect home..

Feel More Safe and Sound 

With many of our neighbourhoods no longer having that community feel that made us feel connected and safe in the past, downsizing can often provide the benefit of living in a safe and more secure environment. Downsizing solutions such as age-specific communities typically feature secure gated entries and live-in managers who will keep an eye on things when you are away. These communities offer real peace of mind – especially for those who live alone or like to travel for extended periods. 

Reduce Your Living Costs

Downsizing can save you a lot of money. A smaller, more efficient home can mean lower power bills because you don’t have to use as much energy to heat your home in winter or stay cool in summer. A new home also means less money going towards repairs and maintenance. Living in a more secure environment can also reduce the cost of household insurance. And some downsizing options such as land lease communities also mean there are no council rates to pay meaning you get to keep more money in your pocket.

When is a good time to downsize?