6 Reasons Why You Should Downsize Your Home in Philadelphia | Smaller House

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Downsize Your Home in Philadelphia

You often hear of downsizing property when the kids move out of the house, and mom and dad find a smaller house with fewer rooms! Other circumstances include a homeowner relocating for business opportunities or home maintenance becoming too burdensome and costly. Any individual can benefit from downsizing; here are five reasons you should downsize your home in Philadelphia. {Buying Property 215 has over five years of experience purchasing and selling property throughout Pennsylvania. We share our knowledge to provide a simple real estate process for homeowners desiring to sell their property. The Better Business Bureau accredits our family-owned company with an A+ rating & 5-star google reviews!}

Pay Off Debts

If you downsize your home in Philadelphia, you could pay off debts! By selling property and buying a smaller house, you can have a substantial percentage of funds to pay off your current balances. Paying off existing debt and credit balances will improve your overall credit score, opening the door for more opportunities. You will also be saving money every month by taking advantage of the low-interest rates & lower required down payments. You can commit to paying off your balances every month with the extra cash! You could also put extra money towards the principal of your new house loan with your savings and pay off your house faster! Regardless of the method decided to reduce debt, it’ll relieve the pressure and stress directly caused by accumulating debt! 

College Funds

If you downsize your house in Philadelphia, you could start a college fund for your children or grandchildren. The difference made when you sell your current home can be an excellent starting fund, and then the extra money each month can go straight to the college savings fund, which will build up to benefit your loved ones. 

Don’t Like Your House

Another reason to downsize your home in Philadelphia would be that you don’t like your current house. Maybe the new, smaller house has a better layout than your current house, and the size reduction can provide a comfortable sensation. Maybe your smaller house is in a more urban area with less room for sprawl. Perhaps your downsizing is unintentional but allows for a more enjoyable living condition! Maybe you don’t like your house because it has a larger environmental footprint. Many people are starting to live in smaller houses that do not use as many resources as larger houses. Most individuals understand that we must love & respect the earth we live on! 

Save for Retirement

If you downsize your house in Philadelphia, you could quickly boost your retirement fund and prevent being overwhelmed by the battle to save money long-term. You could open a savings account with that large chunk of money and continue adding to it monthly with the difference. You could also invest that money in mutual funds or an IRA or Roth IRA account to possibly make way more than if you only make deposits into a savings account. Even if you are at retirement age, downsizing later in life can be a nice boost to your account and maybe fund that big retirement trip you’ve been dreaming about. It’s always critical to prepare for old age; it’ll be recommended to downsize to a home that’s one story so the individual can avoid steps or any other obstacles! 

Too Much Upkeep

If you are having trouble keeping up with all of the home maintenance, downsizing your home in Philadelphia would benefit you downsize your home in Philadelphia. Find a new house with less yard work required, or none if you find a place in a community that takes care of that for you. Maybe you don’t have as much time to garden as you once did. Downsizing will be a good fit if too much dusting or sweeping and mopping. With the money you save from downsizing, you could maybe even hire a cleaning company to help you with your general upkeep! Life should be as simple as possible; avoiding home repairs and maintenance is fabulous for preventing stress! 

Reduce Costs

When they choose to downsize their house, the number one motivator of most people is to reduce costs. Maybe you can’t afford your current situation because of unforeseen circumstances, and you need to downsize to reduce your monthly expenses. Selling your existing house could boost funds to find a new place and move in, and your overall costs would be more affordable. This would especially be true if your new, smaller house had some green innovations to help with the general cost of the household. Perhaps the new home has solar panels to help with the monthly utility bill.

There are numerous reasons to downsize a property; our company believes in offering homeowners multiple selling options. The two main home selling opportunities will be the standard route of listing our licensed real estate agent or selling property as is with our quick house sale program. We can close on a time frame best suited for our seller’s needs. Buying Property 215 covers all closing costs and fees! Contact us to receive a no-obligation offer for your property! The Better Business Bureau accredits our family-owned business with an A+ rating and 5-star Google reviews! 

Call us today at [215-359-6090] or send us a message to discuss these six reasons why you should downsize your house in Philadelphia!

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