Downsizing is so much more than just a change of scenery. In fact, it’s all about improving and optimizing your quality of life. That’s why we prefer to call it rightsizing.
When done right, trading in your current home for something that’s better suited to your evolving needs can make the next chapter of your life much more enjoyable. With that in mind, choosing to downsize earlier in life can help you reap the benefits sooner and with greater ease.
In this blog post, we’ll touch on five reasons why you should consider an early downsize.
Thinking about downsizing your Calgary home? Click here to read more about the unique advantages of downsizing in today’s market.
1. To Enrich Your Social Life
In Calgary, there are a lot of amazing 55+ condo developments that are specifically designed for downsizers. On top of the great suites and units, these properties feature amazing on-site amenities that can greatly enhance your quality of life.
While every building is unique, common amenities include fitness centres, pools, saunas, gathering spaces, and more. These shared amenities aren’t just conveniences, they’re also vibrant community spaces that allow downsizers to connect with their neighbours, creating new bonds and friendships.
In addition to these social spaces, many downsizer-oriented properties also regularly host exciting events, clubs, classes, and special celebrations – ensuring there’s never a dull moment. By choosing to downsize early, you can enjoy a richer social life by immersing yourself in a community of like-minded people.
2. The Freedoms
One of the most liberating aspects of downsizing is the freedom it offers. When you no longer have to worry about certain elements of homeownership, you’re better able to enjoy the next chapter.
If you’re a frequent traveller or a snowbird, downsizing to a mature living condo allows you to simply lock up and go. No need to worry about things like maintenance, security, or mail piling up while you’re away. Whether you’re off to the mountains, the beach, or anywhere else, this type of peace of mind is priceless.
When you downsize earlier in life, you’re able to enjoy this freedom sooner rather than later.
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3. To Unlock Your Equity Sooner
In addition to the lifestyle perks, downsizing from your family home can also be a significant step toward greater financial freedom. In the Calgary real estate market, a smaller home typically means a smaller mortgage, lower property taxes, and reduced utility bills. Combining these savings with the equity earned through the sale of your existing home, you’ll have access to greater disposable income during the next chapter of your life.
Therefore, the sooner you downsize, the sooner you’ll be able to enjoy the financial freedom that it brings. How you choose to enjoy the financial advantages is up to you.
4. It’s an Easier Process
One of the more practical advantages of downsizing earlier is that it can be easier to accomplish at a younger age. While downsizing is exciting, there is a lot that goes into transitioning from a larger family home to a smaller space such as a condo.
The processes of decluttering your existing home, selling it, finding and buying your next home, and eventually moving, can be somewhat taxing – both physically and emotionally. With that in mind, tackling the process earlier in life can make things feel more manageable.
Curious about Calgary real estate? Explore these other posts from our blog for unique insights.
- The Best Places to Invest In Alberta Real Estate
- Buying New vs. Buying a Resale Home – Which is Better For You?
- What Are Calgary’s Top Neighbourhoods For Families?
5. More Time to Enjoy Your Next Chapter
Finally, choosing to begin your rightsizing journey earlier in life gives you more time to enjoy the advantages it offers. Whether you’re most excited about the simplicity and freedom of a smaller home, fostering connections with new neighbours, having greater financial resources at your disposal, or all of the above, downsizing early allows you to get a head start on an incredible chapter in your life.
Rightsizing With Dolce Real Estate
If you’re looking to accomplish a smooth and successful downsize, your best bet is to work with an experienced, full-service real estate team – like us. From the first stages of your home sale to finding the perfect place for your next chapter and beyond, we provide a 360-degree experience centred around you.
When you work with Dolce Real Estate we ensure you’re educated about the market and always keep up-to-speed with your transaction so you can make educated decisions.
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