Knowing when to downsize is never as simple as it seems. Having to settle for a smaller space after years of living in a larger home takes some time to adapt to. Below we’ve listed 5 reasons why it might be time to downsize from your 4bed detached.

Space

You’ve got so much space you don’t know what to do with it all. The husband has put a snooker table in your daughter’s bedroom and turned your son’s room into a study. It seems for the entire world you have that mansion you’ve always wanted. But when you have a property that gathers more dust than it does value, it might be time to stick a for sale sign outside that door.

The Money

Linda down the road has just sold and made a nice little sum. Perhaps it’s time you made a little profit yourself. At times it might feel tempting to stay where you are – less hassle and all that. But the hassle of moving will be worth it when you have an extra £40,000 in the bank. A nice little top up to the retirement fund which leads us on to…

Retirement

Sometimes needs are a must and that pension pot might need filling up. Putting the house up for sale so that your retirement fund can reap the rewards may not be such a bad move.

High Costs

Because heating a whole house is pointless when you and your better half only use three or four rooms. A bigger house costs more to maintain and manage.

Health

Of course, one’s health can be a deciding factor when deciding whether to downsize or not. If the regular journey up and down stairs becomes is becoming strenuous, a bungalow may be more appropriate.