Buying

What are the Benefits of Downsizing in 2018?

Posted on: Tuesday, March 13, 2018

Finding your dream home can be a challenge. If your children have left home or if you have too much space, you might be looking to downsize. What are advantages to downsizing in 2018?The main reasons to downsize is to release equity, go mortgage free, or to live in an appropriately-sized home. It will also mean lower running costs, which can be very welcome as the cost of living rises.

Recent property price increases mean that homeowners have increased equity, which can make it a great time to downsize and cash-in on your investment. Downsizing can be difficult because it will mean compromise. If you only want a specific location, you may have to buy a smaller house, or the benefit of off-road parking may mean you can’t get an extra bedroom. What factors are most important to you? Transport links, community atmosphere or more space? Ultimately, the best time to downsize depends on personal circumstances. Be aware of market conditions, your budget, and be honest about your needs and requirements, otherwise, you could stand to lose out financially and emotionally. The Guild is a network of the best 800 independent estate agents around the country.

Are you thinking of downsizing? Contact your local Guild Member for advice at guildproperty.co.uk/find-a-guild-member.

Recent News

Buying a period property

2025 outlook: save on Stamp Duty before it's too late

Stamp Duty on second homes: all you need to know

Read What Our
Customers Say

Having gone through Stevens estate agents for renting out a property and also selling a property I cannot recommend them enough. They are very efficient at answering questions and they ensured the sale of my property proceeded as quickly as possible making sure I was always kept up to date.

The landlord service is fantastic too and they maintained the rented out property so I didn’t need to get involved even when problems did arise .

A fantastic , professional team who are always so helpful.

The team were really responsive to queries that we had regarding our purchase. Having dealt with a number of Estate Agents in the past I would rate Stevens as one of the best that we've worked with. Hannah was excellent at keeping us informed throughout.

Very thorough service, all queries promptly followed up and some additional small requests for instance dealing with house clearance and cleaning (because the sellers were not local) undertaken without additional charge.

A trouble free transaction, much appreciated.

Went the extra mile to aid our recent home purchase.

Always helpful person on the end of telephone.

Attention to personal detail, which does make you feel that you are important

I am extremely pleased with the service and care taken with Stevens Estate agents. They handled everything from valuation to completion which helped with the painful process of selling our mums house. Thanks to all the staff.

How Much is Your Property Worth?

Request a valuation from Stevens Estate Agents.

Book a Valuation