Thinking of downsizing?
Downsizing can sound like a diminutive task, especially as it conjures up ideas of transitioning from more to less as people progress to new lifestyles. Going from big to small sounds like an easier transition than its counterpart. Often, downsizers know exactly the type of dwelling they need and correctly elect to build new. Sometimes the suburb of relocation doesn’t have any sale homes that match their required custom floorplan and building becomes a logical choice. Other times, downsizers must weigh up a plethora of things in order to make the move as rewarding as possible.Here are some ideas to consider when making the transition. Arguably, the first thing to consider is a crucial question: The ‘why’ of downsizing. Typically, downsizers must choose a smaller dwelling due to issues that include maintenance ie kids move out of the large family house which becomes too high maintenance for an aging couple. Or, it's often the case that a smaller mortgage (or no mortgage and reduced utility bills and stamp-duty) becomes a more feasible and a viable reason to downsize. Other reasons include moving from suburban to urban areas due to proximity to work or moving from a large inner-ring house to a coastal lifestyle community more catered to retirees. Whatever it is, the first thing is to know exactly the reason or main set of reasons, and then access what sort of area and type of dwelling will suit one’s needs.
Joel Robinson
Joel Robinson is the Editor in Chief at iBuildNew, where he leads the editorial team and oversees the country's most comprehensive news coverage dedicated to the new home building industry. With more than a decade of experience in residential real estate journalism, Joel brings deep insight into Australia's evolving home building and construction landscape.
