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.

Share
 

Recent Popular Articles


Too hot to handle? The summer ‘sickies’ damaging your business 


We’ve had a tantalizing glimpse of summer, with soaring temperatures, the smell of barbeques and a few burnt bits among those determined to make the


Where do babies (ooops free vals) come from?


How many agents reading this know exactly WHY the last ten people rang your agency for a free val?


Are you aware about the Analytics from Twitter?


So we all use Twitter right? We're guessing so since you're reading this blog.. If the answer is yes but you're not too sure which


Stamp duty - masterstroke or policitcal electioneering?


Chancellor George Osborne yesterday in his Autumn statement was either entering into the seasonal spirit by providing hard pressed home buyers with an early Christmas


ODE To An Agents Website...


Should I sell or let my house? The question springs to mind, Online I'll go to surf the net, An agent I will find. Amongst