space. Less square footage decreases the amount of overall energy expended.
Something else you might not have considered are the potential tax benefits and savings that you could be eligible for, if you’re over a certain age. This will, of course, depend on not only your age but also your location, as there are different rules and requirements and benefits in each state. Before you sell your home, ask your real estate agent to help you do some research about the different tax-saving options available to you in your state. And don’t forget about the impact on the environment. Moving into a smaller home reduces energy, which is better for the environment and helps to keep your home “green,” reducing your carbon footprint.
3. Reduced Consumption
It’s a fact: The more space you have, the more likely you will feel the need to fill that space with something. If you’re an empty nester, it may be tempting to fill the extra space in your big house with stuff, even though you likely have more than enough of it. One of the great perks of downsizing is that it automatically reduces your consumption of “stuff ” because you first have to declutter before you sell and move. You will have less space to store your possessions — whether old or new — in your next (smaller) home.
Downsizing can help you focus on your priorities in life so that
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