and upkeep, which will save you time, freeing it up for things like leisure activities, family, and travel.
4. You can still have enough room for guests.
Some homeowners worry about downsizing because they assume they will no longer have enough space to host children, grandchildren, other family members, and out-of-town guests for the night (or longer). However, if you downsize into a smaller house or even a townhouse (instead of an apartment, for example) that has an extra bedroom or two, you can still have that bit of extra space to host overnighters when you need it. Choosing a smaller house or townhouse over an apartment can help ensure you have that space.
5. You can save on utilities.
As I mentioned in the previous chapter, if you downsize your home, you can also save money on some of your bills! If you choose a smaller single-family home or townhome, you can save a significant amount on utilities, such as electricity and gas. Smaller houses are often considerably more energy-efficient than older, larger homes because they have less space to heat and cool, which means more savings for you, as well as a lower ecological footprint. Likewise, single-story homes can be easier (and less expensive) to heat and cool than 2-story homes, even if they share a similar square footage.
House vs. Townhouse
There are certainly differences between choosing to downsize to a single-family home vs. a townhome or carriage home.
19
Powered by FlippingBook