Downsizing is a big step in the cycle of homeownership. When the time comes, trading your family home for something smaller and more practical can help you unlock an exciting and enjoyable new chapter in your life. 

That said, timing can play a big role in the success of your transition. If you wait too long to downsize, you could miss out on some of its advantages. 

As a real estate team that specializes in supporting downsizers, we know all about the unique circumstances you’re facing today, as well as how your needs may evolve in the coming years. With that in mind, here are five reasons why we think you should consider downsizing early. 

1. More Time to Enjoy The Perks

One of the best (if not the best) reasons to downsize early is that you’ll have more time to enjoy the benefits. This might sound simple, but it’s 100% true! 

At the end of the day, downsizing is all about quality of life. Moving to a smaller, more practical home can open up a world of new freedoms and make every day a little easier, allowing you to spend more time focusing on what makes you happy – whatever that may look like! Even if your current home still feels manageable, making the jump to your next home sooner rather than later will allow you to reap the benefits earlier (and for longer). 

Thinking about downsizing soon (or know someone who is)? Check out these other blogs from our site. 

• Is Port Perry a Good Place to Retire?
• Everything to Know About Downsizing in Durham Region and Kawartha Lakes
• Tips For Helping Your Parents Sell Their Home

2. Less Stress 

Another reason to be proactive with your downsize is that you’ll have more control over when you can make your move. If you hesitate too long on downsizing, you could reach a point where you have to move out of your current home on a short timeline – leading to a process that feels rushed and stressful. 

On the other hand, choosing to downsize sooner rather than later means you can be selective when you want to sell your home and find the next one. This means you’ll have more time to prepare for the logistics and emotions involved in moving, which can make the process feel a lot easier. 

3. Make the Most of the Market

Strategically timing your downsize isn’t just about convenience. Having more control over the timing of your downsize can also help you achieve a better result on the real estate side of things. When you’re not in a hurry to sell, you’re able to spend more time doing things that can positively affect the results of your sale and purchase  – like choosing the right Realtor® to work with. 

On that note, being proactive about downsizing can also help you make the most of your local market. In our neck of the woods, Durham Region and Kawartha Lakes, real estate trends are always shifting. Sometimes there’s a buyer’s market, sometimes there’s a seller’s market, and other times it’s something in between. With that in mind, when you’re proactive about downsizing, you have greater control over when you decide to make your move in the market – increasing your chances of enjoying ideal buying or selling conditions. 

Looking for more real estate advice? We’ve got plenty! Check out the other blogs next. 

• How to Find a Reliable Real Estate Agent
• Is Now a Good Time to Sell My House?
• Moving Out of Toronto? Here Are 5 Tips For Transitioning to Life in a Smaller Town

4. It’s (Physically) Easier 

Another compelling reason to downsize earlier is that it’s often more practical to do it when you’re younger. Like any type of move, downsizing is not an overnight job. From decluttering and cleaning out your current home to finding your next home and moving all of your belongings, downsizing will involve a fair bit of elbow grease. With that in mind, tackling the process can be a lot easier when you’re a few years younger. 

5. Financial Freedom Sooner

Along with the personal freedoms that come with downsizing, there are often financial perks too. For a lot of homeowners, downsizing allows you to unlock the equity in your home that you’ve spent years building. This, paired with the comparatively smaller costs of a more compact home can provide you with a greater degree of financial freedom or flexibility. 

DOWNSIZING WITH PUCKRIN & LATREILLE

When you’re ready to make the transition into your next chapter, we’re ready to help. From finding a great home to selling your current one, we know the downsizing process inside and out. 

With over 175 years of combined experience, we’ve bought and sold practically every type of home – in every type of market. Knowledgeable about every community, neighbourhood, and type of home in our area, we’ll help you find the perfect place based on your needs and budget. 

Searching for the perfect place to call home during your next chapter? We can help. Call 905-985-7300 to reach our team or click here to send us an email. 

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