The Benefits of Downsizing Your Household

The Benefits of Downsizing Your Household

Many people decide to downsize their households as they get closer to retirement age. There are a lot of good reasons for that, but there are benefits to downsizing even sooner. Here are just some of the benefits you can enjoy by downsizing your household.

There’s Less Clutter

There are multiple benefits to having less clutter. Some of them are mental and emotional. Having less stuff provides a bit more emotional freedom. There are also more tangible aspects, like not having to pay for storage space. Don’t kid yourself. Even if items are in a spare room, a basement or attic you are paying to store it in insurance rates, utilities and space that could be used more productively or eliminated all-together.

Smaller Living Space is Easier to Maintain

As we get older, we want to be less bound to cleaning and maintaining our living space. You can enjoy those benefits now. Downsizing to a condo or townhome can minimize outside maintenance and limit how much interior cleaning and maintenance is required. This is time you can use much more enjoyably.

Downsizing is Less Expensive

Generally, downsizing will save you on living expenses like property taxes, insurance, energy costs and even mortgage payments. You are not paying for excess space that is rarely used. Why have two or three rooms for visitors when rooms may only be used once or twice a year? Why pay for a pool if it is used infrequently?

Take Advantage of Built-Up Equity

Downsizing may allow you to take advantage of equity you have built up in your current home. Your home may have been perfect to bring up young children but as they grow into adulthood, that space may no longer be needed. It may be a good time to “cash in”.

It may be time to take another look at how much space you really need to live comfortably and explore your options. When you realize the financial benefits, it may be worth putting that money elsewhere to provide a better future. Is downsizing for everyone? No, certainly not. But unless you give it some consideration, you may not know if the time is right for you.

Does your homeowners’ insurance still fit your home? Contact us for a no-obligation quote on homeowners’ insurance. Our independent insurance agents may be able to find the best fit for you!

We research the best insurance so you don't have to.

Leave a Comment





Five Cents a Week for Life Insurance? Wait…There’s more!

November 25, 2020

The Info You’ll Need to File an Automobile Insurance Claim

November 24, 2020

Buying a Home? See These Five Movies First

November 23, 2020

Six Women Who Made a Big Impact on Modern Music

November 20, 2020

Cutting Costs Without Slashing Your Business

November 19, 2020

The Difference Between Term Life Insurance and Permanent Life Insurance Explained

November 18, 2020

What You Should Know About Your Driving Record

November 17, 2020

Preparing Your Home for a Natural Disaster

November 16, 2020

Why Are Mountains and Beaches so Popular for Vacationers?

November 13, 2020

Steps to Better Secure Your Bricks and Mortar Business

November 12, 2020

A Closer Look at the Life Insurance Waiver of Premium Benefit

November 11, 2020

Why A Police Report is Important in an Auto Insurance Claim

November 10, 2020

Why You Need to Document What Your Own

November 9, 2020

The Allure of the Great Smoky Mountains

November 6, 2020

Business Insurance and Restaurants

November 5, 2020

Can I Buy Life Insurance if I’m Dying?

November 4, 2020

The Growing Problem of Aggressive Driving and Road Rage

November 3, 2020

College Life and Renters’ Insurance

November 2, 2020

Why Coin Collecting Is Still A Terrific and Educational Hobby for Kids

October 30, 2020

Why You Should Have an Annual Business Insurance Review

October 29, 2020

The Two Biggest Factors That Make Life Insurance Rates Increase

October 28, 2020

The Great Recreational Vehicle Revival

October 27, 2020

Want to Add Value to Your Home? Consider Upgrading Your Landscaping

October 26, 2020

Weird Stuff You May Not Know About Grocery Shopping

October 23, 2020

Tapping Into The Genius of Your Staff to Make Your Business Better

October 22, 2020

Life Insurance: Buy What You Can Afford

October 21, 2020

The 10% Rule: Should You Drop Your Comprehensive & Collision Insurance?

October 20, 2020

This Biggest Cause of House Fires May Surprise You

October 19, 2020

The Benefits of Downsizing Your Household

October 16, 2020

Five Cost-Effective Marketing Ideas for a Small Business

October 15, 2020

Why an Independent Agent is Your Best Option for Life Insurance Quotes

October 14, 2020

Six Common Sense Tips to Make Your Home Safer and More Secure

October 12, 2020

Seven Steps You Can Take Today to Gain Control of Your Household Budget

October 9, 2020

Five Facts About Small Business Insurance Most Aren’t Aware Of

October 8, 2020

Getting Married? Now’s a Good Time to Consider Life Insurance

October 7, 2020

Drivers Aside, Our Highways Are Getting Safer

October 6, 2020

The Five Most Common Home Insurance Liability Claims

October 5, 2020

8 Upgrades to Help You Sell Your Home Faster for More $

October 2, 2020

Why You Need Business Insurance Even if You Rent Your Business Space

October 1, 2020

Why Life Insurance Should Be a Fundamental Part of Your Financial Plan

September 30, 2020

The Ten Most Frequent Causes of Automobile Accidents

September 29, 2020

The Good, Bad and Ugly of Renting

September 28, 2020

Whatever Happened to These Rock Stars?

September 25, 2020

Etsy and Ebay and Work From Home Businesses

September 24, 2020

“Do Women Live Longer Than Men?” and Answers to other Other Life Insurance Questions

September 23, 2020

How States Determine If You Have Car Insurance

September 22, 2020

Are You Asking the Right Questions About Homeowners Insurance?

September 21, 2020

Smartphones: How and How Much We Use Them May Surprise You

September 18, 2020

Own a Rental? You May Need Business Insurance

September 17, 2020

What is Decreasing Term Life Insurance?

September 16, 2020

How States Determine If You Have Car Insurance

September 15, 2020

One of the Best Buys in Loss Prevention: Renters Insurance

September 14, 2020

Seven Steps to a Better Night’s Sleep

September 11, 2020

Checking for Financial “Leaks” at Your Business

September 10, 2020

Three Ways Life Insurance May Help Pay For College

September 9, 2020

Is Your Car Insurance Company Aware You are Driving for a Food Delivery or Ride Sharing Service?

September 8, 2020

Dangerous Items You Don’t See Around Homes Much Anymore

September 7, 2020

How Average Are You? Compare With This 12 Point Checklist

September 4, 2020

Think Twice Before Cutting Back on Business Insurance

September 3, 2020

Life Insurance as a Gift

September 2, 2020

Contact Us

-CONTACT US

OUR LOCATION

Have A Question?

We have an answer. Call us at 1-559-447-1747

2037 W. Bullard Ave., #276 Fresno, CA 93711

1-559-447-1747
CA License #0E05573

© Copyright 2020 McKinley Insurance Services  |   All Rights Reserved
Site by ICA Agency Alliance

2037 W. Bullard Ave., #276 Fresno, CA 93711
1-559-447-1747
CA License #0E05573

© Copyright 2020 McKinley Insurance Services  |   All Rights Reserved
Site by ICA Agency Alliance