For our latest piece of property advice, we look at the potential of downsizing, and why Vivo may work for you if you are looking to relocate to a cosier abode. But firstly:
What is downsizing?
In the property industry, ‘downsizing’ is the act of moving from a large property to a smaller home. Here we have outlined how downsizing your house doesn’t have to be difficult.
Why would I want to downsize?
Downsizing is a common, natural and logical move to make for most people in the UK, particularly when homeowners are nearing the age of retirement. Another motivation for downsizing is when homeowners’ children have ‘flown the nest’ leaving them with a large property or ‘empty nest’, one that no longer suits the needs of its occupants. Living in a property that is noticeably large can also be lonely and distinctly unhomely too. People often find themselves only living in certain areas of the house, leaving substantial sections of the home unused, such as additional bedrooms and large gardens. However, homeowners still have to pay for the areas of the house that they no longer use (such as general utility bills) and spend time maintaining the property which can be tiresome. Ultimately, you want your property to cater to what is important for you, and more often than not a smaller, cosier home reflects this, than a larger, family home.
One of the main benefits of selling your home and downsizing is that you save money. A smaller property will naturally incur lower utility and running costs. Plus, a smaller space will also keep in check any frivolous spending on household items too!
Having a smaller home gives you more time to do the things you love as you will spend less time maintaining the property and doing household chores. Therefore, downsizing is the perfect time to invest in a new hobby or return to a former passion of yours!
A decluttered living area is proven to benefit your health! With bigger properties, you tend to acquire large amounts of clutter that you don’t really need. In a smaller home, you have less space so it’s an opportunity to fill your home only with things you really require.
Due to the economic benefits of living in a smaller property, you’re likely to have less stress due to a reduced financial burden. Coupled with the fact that you’ll have more time and money to do what you love, downsizing is often thought to make you happier and more content.
Smaller houses are, by nature, cosier than larger properties which is a big motivation for homeowners looking to downsize. Going from an empty nest to a smaller, comforting abode will certainly make you happier and more relaxed with your surroundings.
As we get older, where we wish to live naturally changes. Lots of homeowners relish the idea of downsizing so they can live closer to children that have ‘flown the nest’ or to a calmer area with like-minded people. Popular areas are country villages and the seaside.
Cosy bungalows are becoming a favourite downsizing route for those who wish to reside in a home that is kinder on the body. This is because bungalows remove the accessibility issue of using stairs, plus you now have everything you need on one floor!
If you feel that selling your home to Vivo is the right choice for you, get in touch with us by filling in the short form below and we can make you an offer in under an hour. If you want some inspiration for really smaller properties, read our Tiny Houses Guide!
George wanted to downsize but didn’t feel comfortable having lots of people view his house. We made an offer George was happy with and once we were all agreed and our solicitors were instructed, George started looking for another, smaller property to buy. We agreed with George that he was welcome to stay in the house until his new purchase completed. This way, George had the guarantee of having enough money to buy the new place, and still had a place to live in the meantime. Once his new purchase was ready to complete, full funds were released and George moved into the new apartment.
Here’s what George had to say about selling his home to Vivo Property Buyers:
I am extremely pleased with the whole thing because the people I dealt with where honest & kind and made me feel comfortable in all aspects of the sale. Many thanks to them.