In April 2018, Catherine and John were debating. They’d been comfortably living in the same 4-bedroom Birmingham home for about 30 years, but could feel a change was in the air—and it wasn’t just spring showers.
“We’d done the whole thing—marriage, kids, the house, the nine to fives,” Catherine said. “Our kids were finally out of the house, and we started itching to do something different. We just weren’t quite sure what it was.”
With John’s job winding down and Catherine owning her own freelance business, they started talking about moving into a smaller place.
“We discussed so many options,” John said. “Should we rent our home? Renovate? Sell everything and travel the world? Maybe just take a long vacation?”
After hearing about Gusty Gulas through Barbara Corcoran’s recommendation, they contacted Gusty’s team and started evaluating all the different routes. Finally, the pair decided it was time to downsize.
“It just made sense to move into a smaller place,” John said. “We were tired of managing a big yard, and had no logical use for those extra bedrooms.”
If you’re thinking of downsizing or upgrading to a new home, there are positives and negatives to consider.
Just because you’re moving into a smaller space doesn’t mean that you’re downgrading your quality of life. In fact, you might be upgrading—with less space, you don’t have to worry about repairing parts of your home, maintaining a big yard (or any yard!), or shoveling so much money into the mortgage.
Of course, having less space is exactly how it sounds—less space. Are you okay clearing out some of your belongings or dealing with less home storage space? Do you mind that Scruffy doesn’t have as much room to run around? Although a smaller space can be more financially and physically manageable, you’ll want to be sure you’re also aware of the drawbacks.
If you’re moving into a larger space, your newfound freedom can feel fantastic—more room for everyone to laugh, play, cook—everything. It also comes with some strings attached.
Are you ready for a heftier mortgage payment each month, and have you evaluated all the financial effects of upgrading? Are you, or you and your family, ready to take care of more property—that includes maintenance, move-in costs, etc.? These are all things to sit down and think about before you take the plunge.
For Catherine and John, the move was definitely worth the debate.
“After moving into our 2-bedroom, we’re so much happier,” Catherine said. “We’ve actually traveled a ton, thanks to the payout, and we love not maintaining so much space.”