Downsizing

Have you considered downsizing?

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Nervous to make that big jump? Too many good memories wrapped up in your family home and the uncertainty involved in moving often makes it difficult to let go and make the leap.

Despite this, downsizing is on the up and, according to the office of national statistics, around 55,000 households downsize each year freeing up approximately £7 billion of equity of which half is used to help their children buy their first home.

The average home owner raises £78,000 by moving to a less expensive property.

This amount is more in London and surrounding area's.

There is huge demand for downsizing with nearly one in five - or around a million people - planning to do so in the next five years.

What are the benefits of downsizing?

  • More cost effective, reduced bills. According to the Energy Saving Trust, the energy bill for a typical four bedroom home is around £1,400 per year while the same bill for two bedroom home is just £860 per year.
  • Easier to maintain. Less space means less time cleaning and maintaining your property, making it much more manageable for you.
  • Selling your property can generate income so you could reduct or eliminate your mortgage, just think what you could use that money for?

If you would like a FREE valuation please contact us on 0208 3377444


 

 

 

 

 

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Why should you consider Jack Harvey Estate Agents?

Our small team have over 40 years combined property experience and extensive local knowledge

  • We can guarantee a professional yet personal service
  • We are committed to keeping customers informed at every stage of negotiations and providing realistic advice throughout
  • We are community focused
  • State of the art technology
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