Your house—it’s a place where stories were told and memories were made. It’s the place where you raised your children, and it was your shelter in times when life got tough. In short, you probably associate both happy and painful moments with your house.
But what are you to do when you feel like you’ve outgrown your home? What if the kids have grown up, moved out, and started families of their own? What if it’s hard to maintain, either because you don’t have income coming in like before or because you’re getting up there in age?
If your home has become too much to handle, perhaps it’s time to sell a house fast in Chicago and downsize. Here are some things to consider before you do:
1. Do You Travel Far From Home Often?
If you’re never going to live in your large, lovely home, then what’s the point of having it? You might consider looking at some smaller homes, or maybe moving into an apartment or condo is better.
2. You’re Spending More Money Than You Need To
Even if a large home is empty, it still consumes a lot of energy. Plus, you’ll have to pay property taxes every year, as well as maintenance expenses. And if its value rises, your property tax bill will go up, which may be challenging if you’re living on a fixed income.
3. Unused Empty Space
Do you have many empty guest rooms? One car and an old bicycle in a three-car garage? That’s not just unused space—it’s draining you both emotionally and financially.
4. Overwhelmed By Your Property?
Maintaining a large house can be overwhelming. And if your house is causing you stress, your health will suffer eventually. If the amount of money and physical effort required to maintain your property are too much, then it’s probably time to downsize.
5. Time For A Change
If you want a change, downsizing may be a smart move. This is especially true if you’ve experienced an empty nest due to divorce or death (as opposed to your children outgrowing the house).
Such experiences can be emotionally stressful for years. But moving on helps. If you get away from the things that are associated with strong emotions, starting a new life becomes easier.
Sell To The Experts When You Want To Downsize
If the pros of downsizing outweigh the cons, it may be time for you to sell. Of course, you can go the traditional route, i.e. hiring a realtor. But this method can be costly and time consuming.
On the other hand, selling to a business like Diamond Equity is both fast and hassle-free. We buy houses in Chicago in any condition. Plus, if you accept our fair offer, we can close a deal in two weeks or less!
