There is a trend toward smaller homes for many reasons, including people having smaller families with less focus on owning things and more on personal development, travel, and outdoor activity. And as time passes, our needs change; if you’re using a small percentage of your home to live in, there is no longer a need for a larger home with multiple bedrooms. If retirement is around the corner, you’ve likely been thinking about adjusting your lifestyle by selling your larger home and moving to something smaller. Or maybe you stumbled upon a smaller home you’ve fallen in love with that would better suit your current needs, or the small home may serve as a base while you travel the country.
As you age, what was once a simple task can become overwhelming, and you need to hire someone to help you care for your property, which can become quite expensive.
Whatever the reason you sought out information on downsizing your home in Baltimore, there are benefits to making this change at any time in your life. So if you’re considering shifting your mindset and decreasing the number and size of the possessions you keep in your home, read on as we explore three reasons you should downsize your house in Baltimore.
If you’re in financial distress, and interest is piling up on your debt, it may be time to consider downsizing your house. Taking swift action to sell your home can help you get out from under your burden and create a better life for yourself in retirement. At CR of Maryland LLC, we’re local direct buyers who can help you sell your home quickly, with a guaranteed closing date. We’ll work with you to find a solution that works for your unique situation, so you can focus on your future goals. Don’t let interest keep you from living the life you want. Contact CR of Maryland LLC today to learn more about how we can help you downsize your house in Baltimore.
Pay Off Mortgage
If you want to eliminate a large mortgage payment to save money, you should downsize your house in Baltimore. With the equity in your existing home, you may be able to pay cash for all or most of the cost of your smaller home, saving tens of thousands of dollars in interest alone. You’ll save even more by reducing or eliminating your mortgage payments as a bonus. Naturally, with a smaller home, there will also be a decrease in your utility bills. If you’d like to skip the hassles of prepping and showings, a direct buyer like those at CR of Maryland LLC will buy your home as-is; you don’t need to worry about inspections or contingencies.
Whether you need to save more money for your retirement or want to begin saving for an altruistic cause, like a college fund for your grandchildren, you should downsize your house in Baltimore. Often, people are shocked to learn how much they need to save if they wish to retire by age 40; for example, you’ll need to maintain a 20% or lower debt to income ratio. You’ll also save the commissions and closing costs by selling directly to a direct buyer like those at CR of Maryland LLC; you’ll also save the commissions and closing costs with no hidden fees.
Let us help you downsize your house in Baltimore; at CR of Maryland LLC, the process is easy, quick, and transparent. Let a direct buyer from CR of Maryland LLC detail what you’d earn by listing and compare it to our offer, which you’ll agree is fair, so you can decide which method is best for your situation. The goal at CR of Maryland LLC is for you to feel good about the deal long after closing. Call CR of Maryland LLC at (443) 391-7080.