Is it time to consider downsizing?
Downsizing. In most cases a step towards retirement living, but for others simply just a case of looking to save money. Either way a smaller property can benefit your lifestyle completely.
Whether it’s accessibility or just looking to be in closer walking distance of local amenities and public transport services, moving house can help to resolve these issues and also release equity from your current property in the process.
Interested in finding out more and whether you should downsize your home? Make sure to read on.
Typical reasons for downsizing your home
Coming to the decision to move from your current property can be difficult, even more so if you’re unsure on whether downsizing is the right decision for you. That is why we’ve created this handy downsizing checklist below, to help provide you with some clarity on your current situation.
How many of these statements apply to you?
- You are not making use of the full space you have available within your home – Typically the case of a family home once younger children have moved out. If you now find you have empty rooms with no purpose, then you are taking up too much space.
- Maintenance and upkeep of your home is becoming too much – If general maintenance and housekeeping is becoming a task in itself, you most likely have extra space you do not require.
- Financially you are finding yourself with less disposable income each month – If after paying household bills you are finding yourself with less to spend on yourself, you are living outwith your means and will most likely benefit from the downsizing process.
The general rule of thumb is that if two or more apply to your current living situation, then a new and smaller home should be on the cards for you.
The financial benefits of downsizing to smaller properties
However there’s nothing to fear from this change, downsizing often involves cheaper property prices, meaning you can typically buy your home outright from the profit on sales of your current home. All thanks to today’s increased property values and consumer demand.
Other options also include being able to use some of these proceeds to help your children with their house buying dreams, providing them with the funds for a deposit and possibly helping them to reduce their monthly mortgage repayments.
Downsizing options available from Nicol Estate Agents
Feeling convinced? If you are now ready to start searching for your new home, we at Nicol Estate agents have a number of smaller properties available.
From one and two bedroom homes to sheltered accommodation/ retirement developments, there is truly something for everyone’s taste.
Here are just some of our top picks:
Shaw Court, Newton Mearns. Offers over £129,000 [click for more property information]
A well presented two bedroom upper floor cottage flat, set within the popular and conveniently positioned retirement development of Shaw Court, Newton Mearns. Just a short distance from public transport, the local shops and post office, as well as health surgeries at the Broom shops and Mearns Road.
St Catherine’s Gate, 292 Ayr Road, Newton Mearns. Offers over £215,000 [click for more property information]
A well presented, ground floor two bedroom apartment, located within the small residential development of St Catherine’s Gate, Newton Mearns. Close to Mearns Cross and The Avenue shopping centre.
Ravenscourt, Thorntonhall. Offers over £235,000 [click for more property information]
Seldom available, a well presented and spacious two bedroom garden apartment, located within the exclusive Ravenscourt development. This apartment, enjoys aspects from its private balcony and views over the private grounds of the development.
We hope these have been of interest. Click here to browse our other currently available properties.
Find your next property with us
If you would like further information regarding any of our current properties, or indeed, if you are looking to sell your home, please get in touch with our sales team directly.
One of our experts will be on hand to guide you through the process and answer any questions you may have. Simply email mail@nicolestateagents.co.uk or phone 0141 616 3960.