Across the country, a growing number of people are making the decision to downsize. A trend we’re also been noticing here in East Yorkshire with increased demand and interest in our two and three bedroom Risby Homes and bungalows.
The reasons to downsize can vary, from empty nesters seeking a fresh start, to those looking to simplify their lives and live more minimally.
By downsizing to a new build home, it’s likely you’ll free up money in the move, but you’ll also reduce your ongoing outgoings and utility bills as our homes are built to be more energy efficient than older homes with many energy-saving features including increased insulation, solar panels and underfloor heating.
According to research by the Home Builders Federation, upgrading a three-bedroom semi-detached house to meet the standards of a new build would cost over £70,000.
If you’re considering downsizing, or want to know about the economic benefits of a new build home we would love to chat with you, our Show Home at The Vines in Cottingham is open daily from 10am until 4pm.
The first step to downsizing is always a good clear out
Clearing out unnecessary items is crucial when you’re moving to a smaller home. This process can be both cathartic and eye-opening, revealing the number of items you’ve accumulated over the years, many of which you probably don’t actually need. The act of purging can be a liberating experience. It can also lead to a new perspective on the value of things and the joy of living minimally.
Starting fresh is a major appeal of downsizing
With a smaller space comes less worry and more freedom. Less time spent on cleaning and maintaining a large house can mean more freedom to enjoy hobbies, relationships, and experiences. It presents an opportunity to redefine your lifestyle and to choose quality over quantity.
Free up some money
One of the biggest benefits of downsizing especially to a new build home is the potential to free up money. A smaller new build home often means smaller mortgage payments, lower utility bills, and less money spent on maintenance. This financial freedom can open doors to new opportunities, whether it’s travelling or simply saving for the future.
So rather than worrying about a savings pot for future costs like replacing the boiler or the roof, you can save for something much more fun. Your monthly utility payments will also be lower thanks to the energy-efficiency of your new home, which may mean you can pay your mortgage off sooner or enjoy more disposable income.
Bigger isn’t always better
We’ve seen a move away from the bigger is better mantra. The homes which were first to be snapped up at The Vines, our community in Cottingham, were the three bedroom bungalows and three bedroom semi detached homes.
A smaller home can foster a greater sense of warmth, community, and connection. For many, the intimacy and simplicity of a smaller home far outweigh the prestige and space of a larger one.
Not forgetting less time cleaning your home, which means more time enjoying living your life.
So rather than worrying about a savings pot for future costs like replacing the boiler or the roof, you can save for something much more fun. Your monthly utility payments will also be lower thanks to the energy-efficiency of your new home, which may mean you can pay your mortgage off sooner or enjoy more disposable income.
Downsizing provides a great opportunity for a fresh start
It can actually be a liberating moment, an opportunity to create a living space which reflects a new stage of life. It’s not a step back, but rather a bold and liberating move toward a simpler, more fulfilled lifestyle.
So, if you’ve been thinking about downsizing, pop into our Sales Office and Show Home at The Vines. We currently have three-bedroom homes available for sale in both Beverley and Cotingham. (Or if you’re looking for a home to grow, we also have four-bedroom homes available.)
We’ll help you explore how many bedrooms you need for your lifestyle, how you currently live in your home, what rooms you use and those that you don’t. Our bedrooms are designed to be generous in size and flexible offering options for walk-in wardrobes or a desk, to suit how you live, so you may be surprised by the versatile living space you get with a Risby Home.
To find out more email sales@risbyhomes.co.uk or call 07542 030900.