Checked out the reason why you should downsize your house! 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 Northern Kentucky, 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 why you should downsize your house in Northern Kentucky.
Interest
Circumstances can cause financial distress, and if you need relief from the never-ending interest building up on your debt, you should downsize your house in Northern Kentucky. Planning for the future by taking swift action when you realize that interest is devouring your goals will allow you to take charge and create a better life for yourself in retirement. If interest is weighing you down, you can be out from underneath your burden in a few weeks by selling directly to a local direct buyer like those at We Buy NKY Houses, with a guaranteed closing day that We Buy NKY Houses can set at your convenience.
Pay Off Mortgage
Another reason why you should downsize your house is to eliminate a large mortgage payment to save money. 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 We Buy NKY Houses 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 Northern Kentucky. 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 We Buy NKY Houses; you’ll also save the commissions and closing costs with no hidden fees.
We Buy NKY Houses is Your Guide to Selling Your House
You only need to make one stop, with the convenience of our professional hybrid agents and investors all rolled into one at We Buy NKY Houses. If you have any questions about which option is best for your situation, We Buy NKY Houses will take the time to listen. We Buy NKY Houses will address any of your concerns with no obligation. To learn more about how our hybrid agents and investors can help you solve your problems, contact We Buy NKY Houses at (859) 412-1940 today and get started.
If you have questions like: When should I downsize my home? What are the pros and cons of downsizing? Then reach out to us! When you call, we listen. We want to find out what is causing you stress, how fast you need to sell, and how we can help you.
Let us help you downsize your house in Northern Kentucky; at We Buy NKY Houses, the process is easy, quick, and transparent.