If you’re like many people searching for Lakewood homes for sale, you’ve considered downsizing—buying a home that’s smaller than what you have now—but would it be the right choice for you?
Should You Think About Downsizing Your Home?
Sometimes (but not always), buying a smaller home means taking on a smaller mortgage payment. While your mortgage mileage may vary, depending on whether you live in a beachfront condo or a charming single-family home in the Belmont Shore area (like 125 Bennett Avenue in Long Beach), it could be fiscally wise to downsize your home.
If you think you could live in less space, you might find other aspects of downsizing more appealing—most notably reduced maintenance and lower bills.
Smaller Home? Smaller Maintenance Jobs
How many feet of gutters do you have to clean in your current home? Would it be safe to say that if you had a smaller home, you’d have less gutter-cleaning to do?
What about yard work? A smaller yard is less to mow.
On the other hand, though, a smaller yard doesn’t have room for a swing set, a swimming pool, or even the beautiful English garden you’ve been waiting to plant.
Lower Utility Bills in a Smaller Home
Cooling a 1,500-square-foot home costs a lot more than cooling a 900-square-foot home, which means you’d save some cash on utility bills each month.
But there’s a downside to that, too. The heat coming from the oven when you’re baking lasagna fills up that 900-square-foot home a lot faster than it would in a larger home.
Are You Selling Your Home in Lakewood or Long Beach?
If you’re ready to sell your home, get in touch with a Lakewood Realtor® right away by calling 562-882-1581. Tell us what you’re looking for and we’ll start searching right away.
I have proudly served the Long Beach and Lakewood communities for over 28 years and offer a variety of innovative and unique marketing strategies. I use all the tools the Internet has to offer and I am constantly seeking the latest and greatest technology. I am passionate about finding new ways to serve my client’s needs.Why you ask? As a Broker, I realize that today’s real estate market has changed so very much in the past few years and that I must make sure I am keeping pace with what today’s seller needs and what tomorrow’s buyer expects. Websites, texting, geo-coding, QR codes, blogs, facebook, Twitter.
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