Are you considering downsizing your home or the home of a loved one, either to hold an estate sale or to prepare to have various items appraised with an eye toward selling them? If you’re wondering what the right timing is for downsizing and starting to work with an estate appraiser in Maryland, it may well be now!
Let’s take a look at some of the reasons you may want to move downsizing to the top of your to-do list:
- You could choose a new living space that suits your needs now: Are you an empty nester after all of your children have graduated from college? If so, and you have rooms sitting empty or your space isn’t being used as fully these days, downsizing might be a good move. Less living space and fewer possessions mean less time spent on upkeep and maintenance, which may be especially appealing if you have an eye toward spending more time traveling or exploring other interests. Additionally, you may find yourself wanting to live in a different neighborhood if you no longer plan to drive as much, or if you no longer have the need to be in close proximity to a specific location, such as a previous workplace or child’s school.
- You could spend less money on energy costs: If you’ve been wishing that your energy bills were lower, one way to achieve this is to downsize to a smaller living space. The larger your home is, the more you are spending in heating and cooling costs. A smaller living space will require less energy, leading to lower energy bills. This then frees up some money to use toward other things, such as retirement, travel or furniture and décor for your new living space.
- You could accumulate additional money to use toward retirement: Are you ready to move from your current home, and would it sell well on the market? Is this a good time for selling a property like yours? If so, you may be able to bring in some substantial liquid assets to have on hand when retirement more fully enters the picture. However, before consulting with an estate appraisal services professional about downsizing if you feel this situation may apply to you, you’ll want to be sure to meet with your financial professional to figure out whether downsizing now truly is the best move for your family’s particular financial outlook.
If you’d like some additional assistance during the downsizing process, an estate appraiser in Maryland can work with you to complete all of the necessary steps. Especially if the downsizing process is difficult, stressful or emotional, a professional estate appraiser can cover everything from equitable distribution to the auctioning of unwanted items.
Whether you’re in need of downsizing assistance, real estate appraisals, personal property appraisals or personal property consulting, Jane Campbell-Chambliss & Associates, LLC is the area’s premier full-service appraisal firm. We’ve been in business since 2008 and bring more than 35 years of experience to meet our customers’ needs. To learn more or to arrange an appointment for services, feel free to get in touch. We look forward to assisting you!