When is it Time to Downsize or Upsize?

If you’ve reached a point where your current home no longer meets your needs, you have a couple of options. You can either downsize, upsize, or modify your current living space. People’s lives are constantly changing, so it’s completely normal if you decide your space doesn’t fit your current lifestyle. Here are some tell-tale signs it’s time to downsize or upsize: 

3 Signs It’s Time to Downsize

  • You’re Not Using All of Your Space At one point, you may have needed those extra bedrooms, a large backyard, and multiple living spaces. But, if they’re now rarely used and turning into storage, it’s likely time to downsize. Downsizing to a smaller home may help lower your costs so you won’t be paying for unused space anymore.
  • Maintenance Is OverwhelmingAre you having a difficult time keeping up with cleaning, lawn care or home repairs? Maintaining a larger home can turn into a huge undertaking as you get older. Downsizing to a smaller, more manageable property can ease your stress and save you time. As a result, you can spend your time doing the things you love.  
  • You’ve RetiredAs you enter retirement, your lifestyle and housing needs may change. You may not be tied down to one location anymore or you may want to be closer to your family and friends in another area. Retirement may mean that you have more flexibility to travel and pursue your interests and hobbies. 

3 Signs It’s Time to Upsize

  • You’ve Outgrown Your Home – Do you feel like your rooms are cluttered and that there’s not enough space for your growing family? It might be time to consider upsizing your home. Signs that you’ve outgrown your home could include lack of space for furniture, overcrowding in bedrooms, and insufficient storage space.
  • You Need More Functional SpaceSometimes life changes happen and you need more functional space in your home like a dedicated office or a larger kitchen. It may be time to make a move if you know that having more functional space would make your life easier and more enjoyable.
  • You Can Afford a MoveMany people who have owned their home for two years or longer have had a significant growth in home equity, which can be helpful when upsizing. If you’re wondering if you can afford a larger home, connect with an experienced lender to explore your options. 

When it comes down to it, make a decision on what’s best for you, your finances, and your lifestyle. Ready to talk about your current living situation? To determine if downsizing or upsizing is right for you, text us or give us a call at 562.896.2456. 

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About the Author

Shannon Jones has been selling real estate since 1998 and specializes in listing and marketing homes. She has consistently been one of the top Realtors in the Long Beach area. Prior to her award-winning career in real estate with the Shannon jones Team, Shannon has had successful careers in journalism and public relations. She holds a bachelors degree from UC Irvine and a masters degree from UC Berkeley. Shannon holds E-Pro, CDPE (Certified Distressed Property Expert), and PSC (Pre-Foreclosure Specialist) certifications. Shannon is very personable and maintains a very strong moral compass, always putting the best interest of home buyers/sellers above monetary goals. A California native, Shannon enjoys gardening, travel, reading, cooking and poker when she’s not selling homes MY DESIGNATIONS Lic# 01247705 | CDPE (Certified Distressed Property Expert) | E-Pro | PSC (Pre-Foreclosure Specialist) MY SERVICE AREAS Anaheim Bellflower Buena Park Carson Cerritos Cypress Downey Fountain Valley Garden Grove Huntington Beach La Palma Lakewood Long Beach Los Alamitos Los Angeles County Norwalk Orange County Rossmoor San Pedro Seal Beach Signal Hill South Bay Westminster