Written by: Wolf Willow
HOW TO KNOW WHEN DOWNSIZING, OR RIGHTSIZING, IS RIGHT FOR YOU
There comes a time in life when you start thinking about your home and whether it’s the right fit for your lifestyle. While the idea of downsizing might bring up scary thoughts like getting rid of all your things, rightsizing simply means choosing the right size home to enrich your life for your current lifestyle.
When to consider rightsizing
There are many advantages to rightsizing your home. Whether you’re entering a new chapter in life or want to maximize your income, people choose to rightsize for many reasons.
Personal life changes
Many people will spend their life sizing up their homes as their families expand, but eventually, those kids grow up and move out (hopefully), and parents become empty nesters. Personal life changes happen and people become widowed or divorced. Whatever those big life changes are, there’s usually more space left in the house than needed. If your personal life has changed recently, and multiple rooms in your home are sitting empty for months at a time, it might be the right time to downsize.
You’ve owned your home for a long time
After living in the same house for a couple decades, you might be ready for a change of scenery. Whether you want to move to a new city, closer to family, or simply to a new neighborhood in Calgary, rightsizing can offer you this opportunity. During the many years in your home, it has likely increased in value and now might be a great time to sell for a profit. Whether you put that profit towards owning a luxurious home in your dream location or invest it in your retirement fund, rightsizing can give you options.
You’re growing older
As we get older, our priorities shift for what we need in a home. Your massive backyard that was amazing for the family dog might be a lot of yard to maintain now. Or maybe you don’t have the energy (or desire) to clean a bigger home with unused rooms. A condominium with no stairs might be more appealing than ever.
The benefits of rightsizing
While downsizing might seem intimidating after being used to a certain amount of space, there are so many benefits that come from owning a home the right size for your life.
Reduce household costs
By selling your larger home and moving into a smaller space, you’ll save money on heating and cooling costs among other expenses that come with owning a larger home. Depending on how much you sell your home for vs the cost of your new home, you could start living mortgage free.
Free up equity
With the extra cash you are now saving each month, you can put that towards enjoying your life. Whether you’re looking to travel more, buy a vacation property, or just want to put it towards your retirement fund, you’ll be thankful for the savings. Many communities, including Wolf Willow, will have plenty of amenities and activities to do in your own neighbourhood.
More time to do what you love
With a smaller home comes decreased household responsibilities. Gone are entire weekends dedicated to house and yard work. With less square footage to care for, you’ll have more time to spend on things you care about. Use this extra time to enjoy things like spending time with your loved ones, indulging in hobbies, or exploring nature.
Find the right size in Wolf Willow
Are you ready to consider rightsizing? There are plenty of homes for every lifestyle available in south Calgary. In Wolf Willow, we have three home builders to look at if you’re considering downsizing: Cove Properties, Look Masterbuilder, and Madison Avenue Group.
For those looking for a single-level living suite, the luxurious Bow360 condos from Cove Properties is a beautiful opportunity to live close to the Bow River. Constructed to the highest quality standards, every condo is pre-upgraded with the finest finishes. Enjoy cooking in your dream kitchen with gourmet appliances or relax in your spa-inspired bathroom. With 11 floor plans to choose from, you can pick the most functional design for your lifestyle.
Look Masterbuilder Townhomes
Ready to downsize now and want a quick possession? Look no further than Look Masterbuilder! With 2 townhome styles to choose from, you can enjoy living in Wolf Willow soon – and with no condo fees. Look Masterbuilder works with you to create a home that caters to your needs while adding unique touches that stay within your budget.
Madison Avenue Group Townhomes
For those looking for a little more space, Madison Avenue Group has 5 homes to choose from in Wolf Willow, with layouts up to 1602 sq. ft. The Kingsley II and Nevada models even come with a single car garage and private fenced backyard. These open concept townhomes near Fish Creek Park give you the best of both worlds.
Whether you’re ready to rightsize now or down the road, the luxury condos and townhouses available in our beautiful Wolf Willow community are worth the consideration!