There is a trend toward smaller homes for many reasons, including people having smaller families with less focus on owning things and more on personal development, travel, and outdoor activity. And as time passes, our needs change; if you’re using a small percentage of your home to live in, there is no longer a need for a larger home with multiple bedrooms. If retirement is around the corner, you’ve likely been thinking about adjusting your lifestyle by selling your larger home and moving to something smaller. Or maybe you stumbled upon a smaller home you’ve fallen in love with that would better suit your current needs, or the small home may serve as a base while you travel the country.
As you age, what was once a simple task can become overwhelming, and you need to hire someone to help you care for your property, which can become quite expensive.
Whatever the reason you sought out information on downsizing your home in Virginia Beach, there are benefits to making this change at any time in your life. So if you’re considering shifting your mindset and decreasing the number and size of the possessions you keep in your home, read on as we explore three reasons you should downsize your house in Virginia Beach.
Interest
If you’re struggling to keep up with the never-ending interest in your debt, it might be time to consider downsizing your house in Virginia Beach. When you’re in financial distress, it’s important to take action and plan for the future. By selling directly to a local direct buyer like those at Wise Choice Home Buyers, you can be out from underneath your burden in a few weeks. With a guaranteed closing day, Wise Choice Home Buyers can help you take charge of your life and create a better future for yourself.
Pay Off Mortgage
If you want to eliminate a large mortgage payment to save money, you should downsize your house in Virginia Beach. With the equity in your existing home, you may be able to pay cash for all or most of the cost of your smaller home, saving tens of thousands of dollars in interest alone. You’ll save even more by reducing or eliminating your mortgage payments as a bonus. Naturally, with a smaller home, there will also be a decrease in your utility bills. If you’d like to skip the hassles of prepping and showings, a direct buyer like those at Wise Choice Home Buyers will buy your home as-is; you don’t need to worry about inspections or contingencies.
Savings
Whether you need to save more money for your retirement or want to begin saving for an altruistic cause, like a college fund for your grandchildren, you should downsize your house in Virginia Beach. Often, people are shocked to learn how much they need to save if they wish to retire by age 40; for example, you’ll need to maintain a 20% or lower debt to income ratio. You’ll also save the commissions and closing costs by selling directly to a direct buyer like those at Wise Choice Home Buyers; you’ll also save the commissions and closing costs with no hidden fees.
Let us help you downsize your house in Virginia Beach; at Wise Choice Home Buyers, the process is easy, quick, and transparent. Let a direct buyer from Wise Choice Home Buyers detail what you’d earn by listing and compare it to our offer, which you’ll agree is fair, so you can decide which method is best for your situation. The goal at Wise Choice Home Buyers is for you to feel good about the deal long after closing. Call Wise Choice Home Buyers at 757-800-1870.