Are you ready to downsize to a smaller space? There are many benefits to downsizing from a house to an apartment and it is important to make sure you are making the right choice for yourself and your family. Here are 5 questions to ask yourself before downsizing.
What Are My Expenses?
One of the primary reasons people consider downsizing is to save money. Renting a home can be less expensive than owning a home. It can give you more financial and personal freedom to do the things you enjoy.
Instead of spending your money on a mortgage and maintenance of a house, you can invest the money you save, spend it on more activities you love to do, or use it to travel more. When you are considering downsizing, calculate your current expenses and compare them to the cost of living in a smaller space.
What is Your Why?
Consider your motives for wanting to downsize and determine your “why”. Reasons for downsizing can include more financial freedom, less clutter to take care of, more opportunity to go on fun adventures and to enjoy the amenities an apartment lifestyle can offer. Whatever your why is, keep it in mind when you’re searching for your next home and make sure you find a space that supports your “why”.
What Amenities Do I Want?
Downsizing to an apartment gives you the opportunity to choose a community that offers the right amenities. Do you love spending time outdoors, or desire a great room or library to spend some of your reading and relaxing time? If you enjoy a luxury lifestyle and want to stay active, find an apartment community that offers the amenities you want.
What are Your Must-Haves?
When you downsize, you’ll need to be flexible and open to change, but that doesn’t mean you need to compromise on everything. Make a list of “must haves” you want for your new home so you know what is up for discussion and what can be compromised.
Is it Important to be Close to Family?
Choosing the right location is important when you’re considering your downsizing options. If you have family close by your current home or if you want to move closer to family, make that a priority in your home search. Socialization and your connection to those you love are extremely important.
Are you getting ready to downsize your lifestyle? Contact 55 Resort Apartments for a tour of their 1 and 2 bedroom apartments and experience the resort lifestyle and amenities that the complex provides.