3 Reasons to Downsize

Downsizing, simply put, is the move from a larger home to a smaller one which usually occurs when one does not have dependents living with them anymore or at retirement. There are many significant benefits to downsizing, including; financial incentives, decluttering your life, and a simplified lifestyle.

Financial Benefits

There are many financial benefits to downsizing your home. Even if your home is already paid for, there are still significant costs associated with owning a larger property such as taxes, utilities, insurance and repairs. Ultimately downsizing will reduce any mortgage payments you have, lower real estate taxes, lower utility costs, lower insurance costs, as well as lowering your properties maintenance costs.

Decluttering Your Life

It is amazing how much “stuff” you can accumulate throughout your life. Downsizing allows you to take stock of what is important and embrace the idea that less is more. This can be a strenuous process but also a very therapeutic one; think about organizing your possessions into six categories:

Keep – Items that you consistently utilize or hold significant sentimental value.

Give to relatives -  Anything that you know that they would love for their homes.

Sell – Items that you are no longer attached to and earn cash (try an auction, ebay, estate sale, etc).

Donate – Anything you cannot sell but is still usable (get a tax deduction).

Recycle – Everything that does not fit into any of these above categories.

Trash – Only what you cannot recycle.

Simplified Lifestyle

Downsizing will leave you with a property that takes less time to clean, needs less maintenance, and costs less to maintain. Ultimately, this allows you to pursue doing what you love (unless that is cleaning), such a travelling, artistic endeavors, community work, etc.

Is Downsizing Right for You?

I’m happy to speak with you about downsizing and whether or not it is right for you. As a downsizing specialist, I have recently sold three waterfront properties where the client was looking to downsize. To find out how I’m uniquely qualified to assist you with all of your real estate needs, please click here to contact me.

SOLD!  For $1,630,000

SOLD! For $1,630,000

SOLD!  For $632,000

SOLD! For $632,000

SOLD!  For $850,000

SOLD! For $850,000

Karen Keefe

A savvy Realtor who listens to her clients. Creating positive results are the driving forces that underscore Karen's nearly decade of real estate experience. A resident of Bainbridge Island and Kitsap County for 38 years where she raised her 3 children. . So no matter what property type or price point, she has always been dedicated to offering extraordinary service. Karen is a second generation real estate professional and has been a licensed residential broker since 2006 with roots deeply embedded in Bainbridge Island and North Kitsap for over 32 years.

Karen is dedicated to partnering with her clients, listening to their unique needs and assisting them in navigating a dynamic marketplace with the goal of a smooth and successful transaction. Selling a home is more than sticking a sign in the ground and waiting for the phone to ring. Karen brings a team of professionals with a proven track record; from an award-winning marketing team and professional photography to a gardener and home stager. She has the proven history of making sure the job is done right the first time