Unlock the Benefits of Downsizing Your Home: Save Money and Live Simply with Brookworth Homes
When you think about the housing ladder and moving home, the mind usually jumps to how the next home is going to be bigger and better than the last. But have you ever considered that moving to a more compact property, one that requires less maintenance, might be the ideal next move for you?
When the children have flown the nest and you want to take things a little easier, moving to a modestly sized property can be the perfect answer. This type of move is most commonly known as Downsizing.
There are many advantages to downsizing, and many of these can be experienced with the purchase of a property from Brookworth Homes. Our luxurious, newly constructed homes, including those in the Burgess Hill development, The Vale, offer a unique opportunity to enjoy a more relaxed and fulfilling lifestyle.
In this article, we dive into the benefits of downsizing, so you can decide if it’s the moving option for you.
The Benefits Of Downsizing
Cheaper Day To Day Running Costs
Modest properties provide a lot of opportunities to reduce monthly outgoings, for example they typically use less energy as there are fewer rooms to heat. Combine this with the high energy-efficiency ratings of newly built properties and you will quickly experience lower energy costs, something that is more important than ever as the cost of living continues to rise.
With a Brookworth Homes property, you'll enjoy energy-efficient features such as underfloor heating for increased comfort, high performance insulation, solar panels on suitable properties for reduced energy bills, and energy-efficient appliances installed throughout.
Downsizing to a more compact property can also have some unexpected benefits, such as Council Tax savings. Since Council Tax is usually calculated on the size of a property, moving to a modestly sized home can help save money, thus providing you with more disposable income to put towards the more enjoyable luxuries in life, such as holidays or day trips with family and friends.
Small In Size, Big On Quality
If you’re considering downsizing, it’s not only a great way to stay on the property ladder, but it also allows you to enjoy all the benefits of modern design and technology that are included in new build properties.
Brookworth Homes are dedicated to creating high-quality homes which incorporate the very latest construction methods and interior finishes. This means that when we launch a property suitable for downsizers, we use the same high-quality specification that you would find in our most luxurious, larger properties within our developments.
Read more on what brands we use – and why
Easier To Maintain
Downsizing is often an attractive option for anyone with a desire to take life a bit easier. Living in a newly built property requires a lot less maintenance than a second hand, older home.
With new appliances, fixtures and fittings throughout, not to mention typically an easier garden to maintain, downsizing can give homeowners a new lease of life, whether it be exploring new hobbies or spending quality time with the people you love.
Enjoy More Spending Money
It’s very common for those reaching retirement age to have seen their property increase in value over the years. This leaves many homeowners feeling they have a lot of equity tied up in their property, when they could actually really benefit from more income on a regular basis.
A recent Government survey, suggested that 63% of homeowners who have fully paid off their property without any mortgage obligation are affluent retirees aged 65 or above. This indicates a significant segment of well-off homeowners who could significantly enhance their financial portfolios by unlocking the equity in their large homes by downsizing to a more modest property.
Downsizing allows homeowners to profit from the sale of their large family home and move to a more modestly priced property to give them more disposable income for their retirement - imagine that once in a life-time holiday you still haven’t taken, or that dream car you’ve yet to purchase. Downsizing can turn those dreams into a reality whilst also giving you somewhere more suitable to live.
Downsize Your Life
Decluttering is known to be one of the most therapeutic and transformational things you can do to remove stress from your life.
Moving to a modestly sized property gives you the opportunity to consider whether you really need all that you’ve accumulated throughout your life and take only the most treasured and essential possessions to your new home.
Downsizing also allows you to think about what’s really important in life. Perhaps you could move closer to friends to make your days more enjoyable, or closer to family so you can see your grandchildren more frequently as they grow up.
More Environmentally Friendly
As well as modestly sized properties saving you money because of their size, new build properties are also constructed using the latest energy-efficient materials and appliances, further lowering your carbon footprint and giving you peace of mind that you’re doing your bit for the planet.
To find out more about the environmentally friendly features provided by Brookworth Homes as part of our sophisticated property specification, please read our article on how an energy efficient home can reduce your carbon footprint.
Is Downsizing Right For You?
Making the transition to a more manageable living space can be an exciting opportunity to simplify and enjoy a new chapter in life. If you're looking to move from a large and expensive home to a cosy and more manageable property, now is the perfect time to do so while you are feeling your best. This way, you can make the move at your own pace and find the perfect new home that fits your lifestyle.
Brookworth Homes are here to help you find the right property for your needs. Contact us today to find out more about the properties we have available and coming soon that are suitable for downsizing.