In an industry inundated with unique and special terms, even realtors sometimes need help understanding the new vocabulary of real estate. So, what do all these new terms actually mean?
Downsizing
Downsizing refers to moving into a smaller space. For mature families that see kids going off to college and couples looking to adopt a more modest lifestyle, downsizing is a great way to distill the best parts of your current home into a more concentrated version of coziness and comfort.
Upsizing
Upsizing is the opposite of downsizing, meaning that you would be looking for a larger house. Think of a young couple trying to start a family and you will have a pretty good idea of who upsizing could apply to, but anyone looking to declutter a cramped living space should consider it. Upsizing gives breathing room for your activities, hobbies and busy lifestyle.
Rightsizing
As you might already expect, rightsizing is the middle ground of upsizing and downsizing. This method relies on finding the perfect space for your needs, whatever those may be. It often involves thinking about the future to plan accordingly and usually offers flexible space that can change with your wants and needs.
What’s Right for Your Family?
Most often, people choose one of these options based on external factors. These include the demands of a growing family, changing needs for a home office or outdoor living space, career changes, adopting pets and many other options. So, most will find that life pushes them towards one decision or another. Most often, this looks like rightsizing.
Still, if you are in the mood to put your house up for sale and try something new, but aren’t too sure what’s next, consider assessing your living space. Ask yourself questions like:
- Do I have to rearrange my whole room just to add something new?
- Are there unused rooms full of untouched belongings or standing totally bare?
- Will this space suit me in the future?
Other questions along these lines can help you narrow down what you actually expect from your home. If you find that you have a lot of unused space, perhaps downsizing would be better. Conversely, if everywhere you look there is an abundance of stuff, a larger space might be in order.
Make the Decision Easy with 2% Realty
Whatever factors make up your decision on what you want for your next home, you will likely be rightsizing to some degree. After all, just considering your needs means that you are looking for a space to accommodate your unique and wonderful lifestyle. But, finding the right home can be tough especially with so many factors to consider. Let the friendly and knowledgeable staff over at 2% Realty give you a hand at a great commission rate. Call today!