Ever wonder whether it is time for you to downsize, should I wait another year, 5 years. Buy a condo – what to do. Here are 4 signs to tell you are ready……
1. Not using all your rooms
If you find yourself using less than 50% of your home, you are wasting your tax dollars and you are not maximizing your hard earned real estate.
2. Travel Plans
If you thinking of traveling and dreaming of just closing the front door and not having to worry about your house, you might be ready to think of lessening your responsibilities. Enjoy the extra time spent on maintenance and chores around the house to spend with the grand-kids.
3. Overwhelmed by all your ‘stuff’
If you feel a need to sigh when you open and close a closet, or close your eyes when you think about organizing your things. Probably time to divest. Studies show that the more clutter we accumulate, the more stress we experience.
4. Best Market 2015 – 2017
Market predictions are showing that NJ Median Home Prices are at 2003 pricing which is the halfway point during the up years, peaking in 2006. Market experts suggest that we will not see the 2006 prices again until 2025. Millennials (those born between 1980s to the early 2000s) are more likely to buy smaller homes on less land than their suburban parents. There will be an increased demand for townhouses – appealing to both ends of the market. Young buyers, the divorce market and downsizers.
If you have been dreaming of smaller space, more time, travel or less stuff – downsizing is most definitely an option to consider. Contact us for a confidential market analysis for your house info@resourcesrealestate.com or fill out the form below.
