When to Downsize Your Home: 10 Signs It’s Time to Sell
Not everyone dreams of living in a mansion — and even if they do live in one, there comes a time when they might consider downsizing to a smaller home. “Downsizing is 30% to 50% of my business,” says Ben Swanson, a real estate agent in Mesa, Arizona, “And with my clients, I stress the importance of knowing when to downsize your home.”
Timing a move is critical. Swanson says many of his clients leave the decision too long and end up with a big house that overwhelms them with maintenance and upkeep.
The key is knowing both: if and when to downsize. Delaying downsizing even a few years can result in tens of thousands of dollars lost. It can also be much harder later in life due to health issues or mobility restrictions.
That’s why we’ve compiled this handy list of 10 clear signs it’s time to downsize. We hope to calm your concerns, quell your indecision, and empower you to know if you’re making the right decision at the right time.
