Change Font Size

How do you decide if it is time to downsize

9/15/2014 - 2:49:25 PM
Tags:

How do you decide if it is time to downsize?


Ask yourself: How many rooms do I currently have? And of those rooms, how many do I use? Do I really need that attic or basement that I’m paying to heat and cool? It may be nice to have that large dining room but for the once or twice a year it gets used, is it worth it? Wouldn’t it be cheaper to rent a space for social functions once or twice a year? What is the purpose of having empty bedrooms? How much money would I save if I sold this large house for a newer, smaller one? (That one I can answer; and the answer is a lot).


How Downsizing Your Home Saves You Money


Businesses often streamline their systems, procedures, and workforces. The result is cost savings and increases in profit. Why this brief lesson on basic business principles? Simple. The same rule applies to home ownership. A small home, similar to a streamlined business model, saves money. Let’s look at how a small home can save you money, eliminate headaches, and change your life for the better.


The Advantages of Small(er)


The earth is a large place filled with increasing expenses. It seems like everything is becoming more expensive. Energy costs are rising rapidly, as is the cost of living, and taxes. Yet there is more, below are five advantages of downsizing to a new, smaller home.


1. Smaller homes use less energy and have lower operating costs. It’s a simple concept, there is less area to heat in winter and cool in the summer time. Also, building a smaller home from the ground up is less expensive than a larger home because less materials are used. The advantage is that home builders can opt to use higher quality materials, build that Energy Star home that will in turn save them even further in energy costs while also increasing their home’s resale value.


2. Building a new home means fewer repairs. Home improvements, repairs, and upgrades rarely recoup their cost. Fewer yet create any return on investment. According to Bankrate, most of these repairs and upgrades only recapture about half their cost. Sadly, upgrading that older home often won’t pay for itself with a higher selling price.


3. Smaller homes require less maintenance. Think of all the time spent cleaning per week. Again, less space means less to clean. Yet, it’s more than that. It is substantially cheaper to remodel, update, repair or change a smaller home. Using less material means there will be less product to purchase, fewer hours spent installing the new product, and less time with contractors in your home disrupting your life. And still more, new products on the market today are designed with minimal maintenance requirements in mind. Meaning, they are high quality and built to last.


4. Save money on your mortgage. This wouldn’t be a real estate post without at least mentioning mortgages. So, let’s go there. According to Investopedia, the largest single expense a person will face in their life is a mortgage. Mortgages can account for 30-50% of gross income. Generally speaking, the larger the home the larger the mortgage. Many homebuyers feel great stress relief when they finally crawl out from underneath their mortgage payment. As posted earlier in this blog series, homebuyers 62 and over are able to escape these mortgage payments using HECM for purchase. By no longer shipping off 30-50% of your gross income per month, your cash flow greatly increases. With that extra cash on hand you can invest for the future, or travel to all those places on your bucket list.


5. Lower Property Taxes. In addition to mortgages, property taxes are one of the largest expenses associated with homes. Remember land leases? (If not, click here). By selling the larger home that a person is living in for a smaller one with a land lease could allows access to additional savings.


Simply by moving into a newer, smaller, more cost efficient home, and using HECM for purchase, many people have suddenly transformed their financial situation. They have gone from living with a monthly mortgage payment to having cash on hand to travel, build an inheritance, and invest for the future. Add to this the land lease, and it’s ability to pay homeowners to live at Alden Place, and many people have been able to reshape their financial futures for the better.


The Community Advantage


There are obvious advantages to land leasing and living in a smaller home. Another hidden benefit many active adult homebuyers overlook is the community. At Alden Place the community atmosphere draws many folks into purchasing a home here. The private streets provide a safe place to travel by bicycle or golf cart. Friendly neighbors and numerous social activities produce an active and fun community.


At Alden Place you will be immersed in an active adult community. You neighbors will be people who strive for fun, social activities including: shopping trips, golf outings, billiards tournaments, and dinners out. Don’t just take my word for it. Click here for a link to a video of current residents talking about Alden Place.


To further stress this point, the community at Alden Place actually helps increase the value of the properties. There is value in being surrounded by like minded, interesting people who care about each other. Location is one of the most important factors in purchasing a home and the community adds significantly to the appeal of the location here at Alden Place.


In my opinion, the best way to figure out if Alden Place is right for you is to try. We offer a ‘stay and play’ option for potential buyers. Here’s how it works: come spend a night in one of the homes and get paired up with friend who lives here. They will show you around, answer your questions, and talk about why they chose to live here. Oh, and dinner’s on us.


Time to Add it Up


Alden Place allows homebuyers to build the custom home of their dreams. These aren’t just custom homes though, Alden Place builds Energy Star certified homes that routinely beat Energy Star’s energy usage predictions. Add in the land lease that pays you to live here, beautiful grounds, well kept properties, a community center and active social life with your neighbors and you too will see that it’s time to check Alden Place out.



4 comments
.I AM FINALLY FREE FROM FINANCIAL BONDAGE THANKS TO MOORE LOAN COMPANY (mooreloancompany@yahoo.com).

Good day everyone,I can’t hide this great testimony that took place in my life I will love everyone to know it and be a partaker of this, that is why I want to share it to the whole world by placing this advert on classifieds, I am Mrs Karen Brown by name, I live in Chattanooga, Tennessee United State, I want to thank ROBBINSON MOORE for his kindness upon my family life, I never knew that there is still a sincere and trustworthy lender like this on the internet and on earth. Just some days I was in search for a loan of $ 100,000.00, As I was running out of money for feeding, School fees, My business was really going out of capital and my rent. I was scammed about $15,000.00 dollars and I decided not to involve my self in such business again. But a Friend of mine introduced me to a loan firm due to my appearance and doings and also my complains to her. And I told her that I am not interested in any loan deal anymore but she told me that there is still a sincere lender who she will recommend me to, And she gave me the details of this man who is called MOORE ROBBINSON. And I really put a trial and I am most greatful and lucky today, I was given a loan amount of $95,000,00 Dollars by this great firm MOORE LOAN COMPANY. If you arew in need of a genuine, Sincere, durable and a truth worthy loan lender or financial assistance and also you know you can be reliable and trusted, capable of paying back at the due / duration time of the funds I will advice you to send your contact to them via email @[ mooreloancompany@yahoo.com] OR Text (414) 454-9493 . And you will be free from scams on the internet. Please I am begging everyone on earth to help me thank Mr ROBBINSON MOORE. And I ill always being sharing this great surprise and testimony that happened in my life everyday to all that need loans. Contact them now if you are in need of a loan: AS THEY ARE EFFICIENT,DYNAMIC AND RELAIBLE.....Again there contact email [mooreloancompany@yahoo.com OR Text (414) 454-9493
.
Karen Brown
6/16/2018 - 7:13:43 PM
am here to give my testimony about Dr Azuka who helped me in my life, i want to inform the public how i was cured from (HERPES SIMPLEX VIRUS) by Dr Azuka,i visited different hospital but they gave me list of drugs like Famvir, Zovirax, and Valtrex which is very expensive to treat the symptoms and never cured me. I was browsing through the Internet searching for remedy on HERPES and i saw comment of people talking about how Dr Azuka cured them. when i contacted him he gave me hope and send a Herbal medicine to me that i took and it seriously worked for me, my HERPES result came out negative. I am so happy as i am sharing this testimony. My advice to you all who thinks that their is no cure for herpes that is Not true just contact him and get cure from Dr Azuka healing spell cure of all kinds of sickness you may have.Remember delay in treatment leads to death email him at {dr.azukasolutionhome@gmail.com} or whatsapp +2348132777335
THESE ARE THE THINGS Dr AZUKA CAN ALSO CURING OF GENITAL WARTS,GONORRHEA, HIV/AIDS , LOW SPERM COUNT, MENOPAUSE DISEASE, PREGNANCY PROBLEM, SHORTSIGHTEDNESS PROBLEM, STROKE, PENIS ENLARGEMENT, Bring back ex lover or wife/husband....sir i am indeed grateful for the help i will forever recommend you to my friends!!!
LISA CAILLO
6/11/2018 - 8:24:10 AM
ENOUGH IS ENOUGH FOR THE WISE,PROSPER LOAN FIRM IS THE ONLY WAY OUT FROM ANY FINANCIAL DIFFICULTIES { prosperloanfirm@yahoo.com }=====

Greetings great mind, It will be my greatest pleasure saving Individuals and companies from extortion, I know not everyone will want to take it upon their self to reveal the bitter truth about online Lending because of insecurity, Time of doing it and all that. I Ryan F. Tyler, an outstanding businessman who reside at Oakland, California has taken it upon himself to share this article to whom it may concern so they can learn and educate their self from it . It's bad to the extend where you see testimonies online about getting a loan and it turn out to be fake. For real i have fallen for that tricks countless time to the extend i lost almost 65,000usd in total all in the name of getting a loan to invest in a very lucrative business. After so many failed attempt of securing a loan, I and my Manager went online to do a thorough search and found this company PROSPER LOAN FIRM +1(816) 366-8769 ) but before giving it a try we also went ahead to make sure they are registered under BBB, check their reviews and also go to their headquarter to confirm their existence and capability.We were so careful because we didn't wanted to lose any dime again and to our greatest expectation they deliver according to their review and grant us our desire loan amount of 510,000.00Usd. A word to everyone out there when it comes to Online Lenders contact only PROSPER LOAN FIRM via email: { prosperloanfirm@yahoo.com } or drop a message to them via text at +1(816) 366-8769 and consider all your financial problems tackled and solved.#SHARE, You can rescue someone from been victimized today, Thanks.
Ryan F. Tyler
5/31/2018 - 6:28:31 PM
HOW I BECAME A VICTOR AFTER SO MANY FAILED ATTEMPT OF GETTING A LOAN.

I feel so blessed and fulfilled. I've been reluctant in applying for a loan i heard about online because everything seems too good to be true, but i was convinced & shocked when my friend at my place of work got a loan from Progresive Loan INC. & we both confirmed it and i also went ahead to apply, today am a proud owner of my company and making money for my family and a happy mom. Well i'm Annie Joe by name from Pauls Valley, Oklahoma. As a single mom with three kids it was hard to get a job that could take care of me and my kids and I had so much bills to pay and to make it worst I had bad credit so i couldn't obtain a loan from any bank. I had an ideal to start a business as an hair stylist but had no capital to start, Tried all type of banks but didn't work out until I was referred by my co-worker to a godsent lender advertising to give a loan at 2% interest rate. I sent them a mail using their official email address (progresiveloan@yahoo.com) and I got a reply immediately and my loan was approved, and I was directed to the Bank site where I withdrawed my loan directly to my account. To cut the story short am proud of my hair stylist company and promise to testify to the world how my life was transformed.. If you are in need of any kind of loan, i advise you contact Progresive Loan INC and be financially lifted Email: progresiveloan@yahoo.com OR Call/Text +1(603) 786-7565



Annie Joe
4/14/2018 - 7:44:51 AM
Leave a Comment
Name
J5BFMS
Enter the text you see into the text box, then click submit.

Are you sure you want to permanently delete this comment?

Blog
Read our Blog!