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Four tips when downsizing your home

downsizing tips

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Downsizing your home will come at a time where your children may have flown the nest, or you’re nearing retirement and want to sell up any assets you have in the form of investments and property. When it comes to your home, you’ll often find yourself needing less space for just yourself or you and your partner. So with that being said, here are four tips when downsizing your home.

Make Sure To Declutter Before You Move

We can often accrue so much clutter over the years, and this can be made even worse when you don’t actively clear out your home on a regular basis. Whether it’s stuff you’ve had for years or that belongs to your children, it’s always good to do a good declutter before you move. By doing so, you leave your home with a semi-fresh plate, and you move into your new home with a lot less stuff as a result.

Before moving, make sure you declutter your home entirely so that you’re moving with as few items as possible. Do give your home a deep clean so that you’ve got to any areas in your home that often go untouched and that might have a build-up of clutter that you’ve completely forgotten about. The more you can stay on top of the clutter, the better, so make sure you take that attitude with you when it comes to your next property.

Use All The Right Individuals To Sell Your Home

When selling your home, it’s important that you’re picking all the right individuals to make sure your home sells in a quick and reasonable amount of time. With that being said, it’s worth looking at all the different estate agents out there and a conveyancing solicitor, amongst other legal issues that will need covering with the sale of a home. Make sure that you’re asking for recommendations from friends, family, and any colleagues you know that may have sold their property recently or have good connections. Always try to go for someone reputable where possible.

Look Out For Any Hidden Costs

Hidden costs can really damage the amount of money you make from your property, so it’s important to keep a lookout for anything that might do so. Ask your solicitor anything that you might not be aware of when it comes to contracts and get written clarification of any fees or extra charges that may be given to you when it comes to selling your home. That way, if you do get charged anything, you can really go to town on making sure this was something that was spoken about or not.

Pull Out As Much Equity As Possible

Equity is essential when it comes to moving into possibly your last home. For that reason, you should be pulling out as much equity as possible to provide for yourselves and for your family if needed. Try not to go overboard on the type of property you buy, otherwise, your money ends up getting tied into another asset that you’ll end up having to pay more on to release it.

Downsizing your home comes with many perks, so make sure you use these tips to take full advantage!

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