In real estate today, less is more! Downsizing your house in Cottage Grove is a trend we are seeing more and more. Trending towards smaller homes is a major move from the 1990’s where the mini mansions were going up in every Cottage Grove or Woodbury development. For many reasons, families having fewer children on one end of the spectrum, the well-known 2.5 children under the age of 18 per household have dropped, now coming in at an average of 1.93. Often, homeowners find rooms that once were needed and vacant a great deal of the time.
Additionally, there has been a surge in early retirement over the past few years. With less house, you may find yourself pursuing previously loved hobbies, undiscovered passions, or checking off everything on your bucket list. People are a lot more mobile and are traveling out of state. Typically, less time is spent near the home or once these retired homeowners are freed from the daily grind of full-time professional work. You may become a master gardener, take classes at a local college, or take on world adventures. Some live two lives, with two smaller houses, one in the northern client and the other in the south.
Whatever the reason you are considering a move to less space, it is helpful to have as much information as possible to make an educated decision when weighing the pros and cons. Read on to learn more about these five benefits of downsizing your house in Cottage Grove.
Owning things you have to have a place to store everything. Smaller spaces by their nature force homeowners to be more selective about their possessions, or they rent a storage unit and keep their home items for things that they use all the time. However, before you start, you should be aware that the organization of like items and thoughtful utilization of storage space is key to successful living in a smaller area. The process of letting go of the extras can be quite uncomfortable; however, it can also be very freeing, finding yourself relieved of the burden of caring for all of that extra stuff. Saving time and energy for more enjoyable activities is an unexpected benefit of downsizing your house in Cottage Grove.
Homeowners can heat or cool smaller spaces with less power, and there is less power demand overall in a smaller home which means you can save sum on your monthly utility bill. We all know how the price of Utilities have gone up this past few years. Every square foot you own and heat / cool takes real dolIars to take care of. addition, installing extra insulation and off-grid resources such as collecting rainwater and adding solar paneling can lower costs for utilities even further, as will upgrading to more energy-efficient windows and installing awnings. Finally, purchase energy-efficient appliances to realize the most savings on energy. Over the year, these savings add up to a money-saving benefit of downsizing your house in Cottage Grove.
The value and size of your home influence your Washington county property taxes, and in turn, some of that goes to Cottage Grove to support the local police and fire department. There will be less property tax due to less expensive homes, which is one more cost-saving benefit of downsizing your house in Cottage Grove. Often, smaller homes, such as mobile homes, are not considered real estate if you do not own the land the home sits on, and any taxes paid are significantly less for personal property.
Cheaper to Insure
Our last benefit of downsizing yourCottage Grove house is that less cash from your pocket will go towards homeowners’ insurance when you own a smaller home. Insurerance companies base their rates on a replacement per square foot basis, so less is less costly for your policy payments. For example, a 1200 sq foot home will expect a discount on their insurance compared to a house thats 3000 sq feet. Like those at Minnesota Cash Home Buyers, are professionals in the real estate industry and are familiar with many ways you can save further on downsizing your Cottage Grove home.
Last but not least, the saving on the mortgage payment is a motivating factor for many homeowners and is the most significant of the benefits of downsizing your house in Cottage Grove. Because the home is much less expensive, buyers can often pay for a smaller home in full from the proceeds of their existing home and begin living life mortgage-free. But, of course, you must still do your research to ensure that your real estate investment is sound and holds value over the long term. Take the time to perform due diligence and work with a local expert who knows the area, like the professional buyers at Minnesota Cash Home Buyers.
Ready to learn more about the benefits of downsizing your house in Cottage Grove? A professional buyer like those at Minnesota Cash Home Buyers will take the time to answer any questions or concerns you may have about making a move to a smaller home. So you can decide what is best for your situation, why not work with a professional buyer from Minnesota Cash Home Buyers who will help you discover what your home is worth on the market today, with no obligation. Then, you can compare this to our cash offer, which you will agree is more than fair. In addition, Minnesota Cash Home Buyers provides you with a guaranteed closing date convenient to you. With no closing costs, no commissions, or hidden fees, you will save time and money with a direct sale to Minnesota Cash Home Buyers. At Minnesota Cash Home Buyers, we want you to feel good about working with us long after the deal is closed. Contact Minnesota Cash Home Buyers at (612) 444-5088.