If you are one of the many homeowners who have been in your home over 10 years, it can be a little difficult to remember what life was like before you lived there! But if you find yourself imagining what life could look like in another space, a new suburb or even life on the road! Coronavirus put a focus on what is really important and you will agree time spent with loved ones is of the utmost importance. So, when you start to notice your home is getting a little too large, the lawns are becoming a hassle and its challenging to clean the home it might be a good time to consider downsizing your home. Let’s analyse the benefits
1. Free up your cashflow!
Does the grey nomad lifestyle appeal to you? Perhaps you always dreamed of a sea change or a tree change? Maybe the grandkids are arriving and it is time to be closer to family? Downsizing often enables couples to pocket some of the growth in their long term investment giving you more cashflow to indulge or spoil the grandkids. The current market is hot. Seize your opportunity now and capitalise on the surge of competitive local and interstate buyers wanting their slice of the esteemed Wynnum Manly area.
2. Find Flexibility!
Reclaim your valuable time! Downsizing into a smaller home, townhouse or unit means fewer square meters to keep clean and will reduce hours spent landscaping the back yard! Units and Townhouse complexes often have a building manager who will act as a caretaker for the communal areas leaving you to spend more time doing the things you love!
3. Downsizing Contributions to Superannuation
Consider researching government eligibility requirements to make a ‘downsizer contribution’ to your Superannuation fund with the proceeds of the sale of your house. If you meet all requirements, it is possible to make contributions of $300,000 per spouse which would serve as a tax-free component held. This is a brief summary research more by clicking here. As always seek independent financial and legal advice.
Downsizing is an emotional process. It can be challenging to detach and make logical decisions when there are so many cherished memories associated with family homes. We can help guide you through the process of decluttering your home, dress your home ready for sale and transition into the next stage. We will work our absolute hardest to ensure we achieve the highest sale price possible to ensure you have more to enjoy!
We have many happy clients who are happy to share their experience with you. Recently we sold 27/37 Station Street, Wellington Point for an incredible client downsizing into a smaller home and were delighted to help transition her into her next happy home. We were touched to receive their lovely testimonial:
“Kym and Shawn coordinated the sale of our Mum’s home in Wellington Point from my recommendation after they sold our property in Wynnum several years ago. This was not your typical residential sale and not only did we get a great price, Mum was treated with the upmost respect, they kept her and the family well informed throughout and went above and beyond in presenting and marketing the property beautifully. I have absolutely no hesitation in recommending their work.”– Vendor of 27/37 Station Street, Wellington Point
If you want a genuine Real Estate agent you can trust to look after your loved ones, contact us now to discuss your options.