While many people make it their goal to move to larger homes each time they relocate, there are some benefits to moving to a smaller property. From money savings to energy savings and other benefits, there are many reasons to move from a large home to a smaller home. If you have an upcoming relocation and you’re trying to decide where to live, these reasons to move into a smaller home can help you decide whether a smaller home is the right type of house for you.
1. Save Money on Utilities
Smaller homes require less heating and cooling energy, which means lower utility costs. You can further reduce the money you spend on utilities every month by weatherstripping your home and boosting insulation in the attic. Wearing sweaters in the winter and running the ceiling fan in summer is another way to keep yourself comfortable indoors without spending more money on heating and cooling costs.
2. Easier to Maintain
Smaller homes tend to be easier to maintain than larger ones because they have fewer rooms and less square footage. For many people, this means less mess to clean up weekly, potentially a smaller yard to maintain, and some maintenance tasks (like painting the walls) taking less time. If you’re tired of cleaning and maintaining your current home, a smaller one could be a welcome change.
3. Less Expensive to Maintain
Just as a smaller home is easier to maintain, it costs less. The smaller your house is, the less you’ll spend on cleaning services and products. The same goes for specific maintenance tasks like painting the walls: the smaller your home is, the less money a contractor will charge.
4. Frees Up Funds for Other Things
Choosing a smaller home can free up funds for other priorities, such as travel, business investments, or even a dream water view. Consider what you might gain by sacrificing some square footage before deciding you “need” a certain amount of space.
5. Easier to Sell Later
Smaller homes tend to cost less, and that often makes them appeal to a broader range of home buyers when the time comes to sell. Larger, more expensive homes appeal to a smaller number of people, and that can make them hard to sell when you put them on the market.
6. Modest Homes Can Feel Roomy
A house does not necessarily have to feel small inside because its footprint is modest. Compared to a much larger home with an awkward floor plan, a smaller home with a well-thought-out design can feel just as spacious (if not more so) and has fewer hassles.
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