Downsizing Your Dallas Home

You just dropped your youngest child off at college and have officially joined the ranks of the empty nesters. One of the first questions that usually comes to mind is should we downsize our Dallas home. The kids are gone and we probably don’t need this big house. But is buying a smaller home right for you?

There are pros and cons to downsizing. Consider your finances and lifestyle before making a decision.

Reasons not to downsize your Dallas home:

• You want a place for your children and grandchildren to stay when they visit. The family is spread all across the country and you want to have a place for everyone to gather for the holidays and vacations.
• You can’t bear to part with your cherished belongings. You have been in your current home for many years and have filled it to the gills with mementos you don’t want to part with.
• You aren’t you emotionally ready to leave? You are not ready to pack up and leave a lifestyle you worked hard to create. Leaving family, friends and familiar surroundings is more than you can bear.
• You enjoy the prestige that goes along with your luxurious home. A smaller home will not portray the correct image of success.

Reasons to downsize your Dallas home:

• The lower house payments that accompany a smaller home would give you more discretionary funds to travel and enjoy other recreational activities.
• A smaller homes means less to maintain and more time to play.
• You or your spouse, are not able to navigate the stairs like you use to and a single level home is more desirable.
• A smaller, newer home is more efficient, costs less for utilities and is better for the environment.
• You need to be closer to a spouse or parent who is in a nursing home?

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