I recently decided that I would downsize. No, I am not really retired yet and not even able to be a member of AARP for many more years but I was ready. I had a 6500 square foot home on 2 ½ acres. Divorced and with all but two of my kids out of the house (and those two I only had every other week), I decided it was time to downsize. With that much land, house and things to fix and work on, my home had become my life both in terms of time and money. My weekends had become mowing the grass, cleaning (I had a housecleaner but it never ends), trimming trees, doing home maintenance, and constantly working on some home improvement project. It didn’t help that I also was training for Ironman triathlons to add to my exhaustion. So here are six big reasons why I decided to downsize:
1. You may get some time. I know – time is time but I got time back to have some fun with my kids, travel, play golf, etc. Basically I did not have to spend my free time working on that large house and large yard but doing things that I liked with my kids, family and friends.
2. You may get some money. The market in the Denver metro area was just right for me to sell. I had recovered what had been lost in value around 2009 when the housing bubble burst and drove home prices into the dumper. I had not only gotten that back, I had paid off a lot more of the mortgage based on payments over time and refinancing a few years prior at a great rate and the value of my home had gone up.
3. You may get debt-free. I had always had good credit, but selling my home and moving into something smaller allowed me to be entirely debt-free. All of my income became mine to do with what I wanted. I had no car payment, no mortgage, and no other debt. I had always been very good at always making my payments but my credit score went even higher.
4. You may get to know your family again. Like I said, all of my time was focused on the house in one way or another. A lot of my money was focused that was as well so I sort of lost touch with my brothers, parents, and kids who had already left the house. I had no time to go visit them.
5. You may be able to help others. I always tried to do some kind of volunteering, but with more energy and time, I could do more. I wasn’t burned out on doing my own home improvements so I started helping with a group called “Helping Hands” which helped those in need with work around their home. It was great to be able to help others and also make some new friends.
6. You may start a new career. I have always loved school and learning. No, I was not the straight “A” student but learning was always fun for me. I became a real estate agent because I found it interesting and fun. I decided to also become an appraiser because it was interesting and I finally had some time.
If you would like to explore your options with regard to downsizing including buying or selling your home, you are welcome to text, email, or call. You may also click on the "Homes For Sale" tab at the top of the page and explore homes that may be available and then contact me to arrange for showings.