5 Things You Should Know About Downsizing Homes in Virginia

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5 Things You Should Know About Downsizing Homes in Virginia

Living in Virginia is not as fancy as in DC or in Maryland, but it is a perfect state for settling down. Whether you are preparing for post-retirement life, or you want to live simply by cutting housing costs, there are factors that you need to consider when downsizing and selling your house in Virginia.

In particular, downsizing houses is common for retirees or people approaching the age of 55 and above. Due to the pandemic, this can be applied to those who decided to be strict in their financial status. Prior to coming up with a final decision, what are actually the things that one should know before this huge step? Want to sell your house, we buy houses in Virginia! Just visit us at 8 Day Home Sale. 5 things you should know about downsizing homes in Virginia.

There will be lesser space but you will be more organized

Downsizing means lesser square meters in the area where you will be moving around. If you have a lot of unnecessary belongings in your previous house, then it’s time to declutter. But you need to ask yourself first, are you really willing to give up your wants and keep your needs only?

Nevertheless, downsizing will let you become more organized. You only have to maintain the essential appliances and furniture, along with your personal belongings.

You can save money

By decluttering items, you can sell those for a small amount instead of throwing them. With this money, you can now pay for the transportation fees when you move to your new house in Virginia. Aside from this, you can save mortgage costs, reduce expenses in utility as well as lesser tax and home maintenance costs.

The remaining money that you save can also become your emergency fund, or become the capital for a passion project that you can’t do during your full-time work.

Freedom and Quality Life

As mentioned, downsizing homes are usually for retirees, but not necessarily. Since you are now living with just a bit above the average living cost, you don’t have to work so hard to just meet your ends. With the money you save from your previous home, you will have more time. Thus, you will have the freedom to utilize this given period for the things that you weren’t able to enjoy while you were working.

With a simple house, you will also appreciate little things and intimacy. You can see that the quality of life is not living luxuriously, but doing things with your loved ones in a cozy abode.

Makes you a minimalist/ Eradicate Materialism

In connection with quality life, you are not really after earning six digits anymore. When you downsize your home, your mentality will apparently change as well. You can now break free from being materialistic and try to live simply – a minimalist.

With this mindset, you will be happier, as your financial status will also improve by cutting expenses that are not really important. It’s like throwing a lump of stress that you usually have because of debts, working, etc. It is also possible that you will appreciate nature and greens more, such as planting ornamental plants.

Plans after downsizing home

Downsizing homes doesn’t mean that you also give up an active lifestyle. Of course, you should also have a plan of what to do and how to live your life. Now that it is simpler and you have more time, what are you planning to do for the following years?

Transitioning to a homeowner who decided to downsize means that it is closer to the life of convenience – restaurants, parks, nightlife, and more. Are you ready for a life with less work, and more time? How will you still become productive? Essentially, you also need to think about these questions.

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