Advantages of upsizing or downsizing

Written by Estate Agent Networking UK on - Estate Agent Talk -

In Wakefield we are seeing the five hundred thousand plus market booming in sales. A lot of this movement is due to downsizing. Many of the larger properties in more select suburbs rarely come on to the market, but when they do there is always considerable interest.

There are pros and cons. Upsizing may have been a dream but think of the practicalities. Your utility bills, council tax, and maintenance bills will be higher. General upkeep will be a much larger task; from gardening to cleaning it will all take more time and resource. Downsizing might be more practical, but how will the lack of space impact on you? Your utility bills might be cheaper but will you be compromising? Maybe you hadn’t considered the need for a spare bedroom, or a utility space, what about the outside space? Or simply the fact you’ll be much closer to your neighbours. For many the realisation can sometimes be quite an adjustment.

Ultimately the best time to upsize or downsize depends on personal circumstances. You have to be fully aware of market conditions, your budget, and be honest about your needs and requirements, otherwise you could stand to lose out financially and emotionally.

Written by: Simon Miller – [email protected]

Author: Estate Agent Networking UK

We share news updates and posts from within in the industry. All content shared via this Estate Agent Networking user account are third party and not that of our team.


Recent Popular Articles

Panos vs Watkin Part 8 ... 'Estate Agency Branding'

Tom Panos (World's No.1 Estate Agency Coach) chats with Christopher Watkin talk about Estate Agency Branding

Property – Never an ‘Elephant in the room’.

Over the years I have been fortunate enough to participate in many amusing and inspiring debates. I have also had the misfortune of attending some

10 Tips for Building Trust with your Clients.

Trust is a huge factor with our business.  As estate agents we want vendors and landlords to trust us to sell/let their properties but also

The Purplebricks Threat to High St Estate Agency and how the EA industry has changed over the last 10 years

John Paul (Sunday Times UK Agent of the year) and Christopher Watkin chat in this 2 min video on the Purplebricks threat

Not everyone speaks English.

Britain is the most racially diverse country in Europe with almost 1.7m people that don't speak English as their first language, including 168,000 people that