Gone are the days when only empty nesters are considering downsizing their homes. There are several good reasons to move to a smaller home at any age — most of which involve having more money and less stress. In fact, research shows that more Americans prefer a smaller house than a larger one, 37 percent compared to 23 percent, respectively. But before making the switch, consider the reasons why moving at this particular juncture in your life would be a good idea for the long term
One of the most liberating aspects about downsizing is the fact that you are forced to declutter. Not only will this process make your move easier, but it has a positive psychological effect, too. Donate gently used and unwanted items or consider having a yard sale to make some extra cash to recoup the moving expenses.
If you want to make even more money from the sale of your home, increase its value by making renovations prior to putting it on the market. Remodeling a kitchen is one of the top picks, but keep in mind it can get very costly (a kitchen remodel can cost up to $40,000 in Orlando). A bathroom remodel (averages $8,000 - $10,000), fiberglass insulation, and family room expansion are among other top renovations to consider. Most importantly, talk to your realtor about which renovations make the most sense for your home and neighborhood.
Think about the spaces you didn't use in your previous home in order to properly choose your new home. Take your time but strike when the iron is hot so you can get the biggest return on your investment. Then it's time to enjoy the next phase of your life without stress.