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Should you downsize your property? How to know when it is the right time.

Do you have an empty nest? Are you nearing retirement and wondering what is next? Perhaps some of your friends have started talking about downsizing, and you are wondering what all the fuss is about? This article will shed some light on downsizing and help you to decide if it is right for you.
Should you downsize your property? How to know when it is the right time.
Do you have an empty nest? 

Are you nearing retirement and wondering what is next? 

Perhaps some of your friends have started talking about downsizing, and you are wondering what all the fuss is about?

This article will shed some light on downsizing and help you to decide if it is right for you. 

As we get older and close to retirement, most of us will have ideally paid off any outstanding mortgages. Or if not, perhaps you are thinking that you will have to keep working because your monthly outgoings are still relatively high. But consider for a moment if you still need the big family house.

Have your children grown up and moved out? 
Do you have rooms in your home that you simply don't use?
Perhaps you are looking at your garden and feeling overwhelmed by the amount of work that needs to be done that you can't even sit out and enjoy the space because you are spending all of your free time gardening.

If this sounds like you, it's probably time for you to consider downsizing.

Downsizing your property can have several benefits too. 


Reduced monthly costs

Smaller properties usually have a lower council tax band and will cost less to keep warm.


Release some equity or pay off your outstanding mortgage. 

By reducing the value of your home, you can either release the equity tied up in it or pay off any outstanding mortgage. Perhaps a downsize could be your key to retirement?


Less to manage

If your home and garden are smaller, you will have to spend less time cleaning, gardening, and other maintenance.


It can feel daunting because you have to give up the family home you could have been living in for 30 or more years, leaving behind countless happy memories. But if the property is beginning to become a burden, downsizing could be the key to giving you a new lease of life that perhaps you didn't even know you needed. 

By Design agents are perfectly positioned to sell your home to the right buyer, the perfect buyer that will cherish your home as much as you have done. The buyer that falls in love with your property so much that they will pay a premium price. 

We use innovative technology to locate this buyer and targeted advertising to ensure that the right people know your property is on the market. 

It is even possible to market your property discreetly, to test the price and see what feedback you receive from potential buyers, without having to broadcast your plans publicly. You don't need to worry about telling your family or neighbours about your selling plans until you have a buyer. If you change your mind, you don't have any explaining to do! 

To learn more about how By Design can assist in the sale of your home and how premium marketing and exclusive innovative technology can help pinpoint a buyer for you quickly and discreetly at the very best price, get in touch today.