Why People Are Downsizing Their Homes
There are a myriad of reasons why people decide that it’s time to downsize their homes. Selling your home and downsizing can have major impacts on your lifestyle as well. Most who downsize find that along with less space, there is also less privacy. Some may even decide to move in with family members, which has been a growing trend among Millenials and Baby Boomers.
According to the Pennsylvania Association of Realtors, many people who downsize are doing so to save money. Unfortunately, only 62% of those who downsize report actually spending less money. 19% of downsizers reported being further away from family and friends and nearly 12% found themselves more lonely. If you or a family member plan to downsize in the near future, think about why you are making the decision and what you hope to accomplish with the move. Then, work with an experienced and knowledgeable real estate agent to help you through the process.
The Jennifer Hollister Group is set up with dedicated Buyer’s agents to help you find the right home, and dedicated Listing agents to help sell your home. Give us a call to find out how this team structure can benefit you.