Want more from life after 50? Forget costly and tedious house maintenance. Instead, enjoy excellent facilities, the hobbies and activities you love, and a supportive community—now is the time to right-size your lifestyle.
Downsizing your home can feel overwhelming, especially for those who have lived in a family-sized house for many years. The memories it holds and the daunting task of moving, coupled with uncertainty about a new location, can be challenging.
However, experts agree that downsizing offers numerous benefits for those seeking a healthier, happier lifestyle.
If you’re sitting on the fence, here are five reasons why now might be the time to take the leap.
1. You need less space but more amenities
If you’re tired of the constant upkeep of a larger home and find your outdoor space too extensive to manage, consider the benefits of a smaller, low-maintenance property.
Not only will it free up your time and energy for more enjoyable activities, but it can also reduce stress and expenses associated with home maintenance.
A more manageable property allows you to focus on what truly matters, whether it’s pursuing hobbies, spending time with loved ones, or simply relaxing in a more comfortable and efficient living space.
2. When you want to free up funds for retirement
Retirement savings can feel like a big and complicated topic, but it doesn’t have to be. If retirement is looming and you’re keen to live a good lifestyle, you might want to free up your finances.
People often sell their family home to finance their Ingenia home, and use the left over funds for a variety of reasons such as long-awaited travel and leisure activities, or pursuing the hobbies they’ve always wanted to try.
Additionally, downsizers might choose to support their children or grandchildren with education, housing, or other financial needs. Many also opt to donate to charitable causes or organizations they care about. Some even decide to bolster their own retirement savings, creating a healthier safety net for their long term future.
3. When you want like-minded neighbours
A key reason people consider downsizing is their desire to live near others who are at a similar stage in life.
Downsizing often means moving to communities where social connections and shared experiences are more readily available, fostering a sense of belonging and support.
4. When you’re sitting on the fence
If downsizing is on your mind, it’s wise to start the process early, ensuring you have ample time to make well-considered decisions.
Being proactive allows you to explore your options thoroughly and find a new home that truly meets your needs and preferences. This approach can prevent the stress and urgency that might arise if you were to downsize due to unexpected health issues, family changes, or financial pressures.
By planning ahead, you can transition smoothly into a new living situation, enjoying the benefits of a more manageable and comfortable lifestyle without feeling rushed or pressured by circumstances.