The homeowner's dilemma - Upscale or downsize?
Category News
Are you considering upgrading your home lifestyle for a more spacious place? Or are you in the market for a more modest dwelling? From family considerations to financial implications, there are plenty of aspects to take into account when buying what could be your final home location.
Below, we compare and contrast the pros and cons of both.
Upscaling
Upscaling or upsizing generally refers to one moving from a smaller to larger property and is the most common reason why homeowners opt to sell. Whether you're looking to expand on your garden size, need extra rooms for a growing family, looking to expand your lifestyle options, or if you find that you need more space to work from home, upscaling is the natural result of a growing individual's requirements.
Downsizing
Throughout the 21st century, there has been a cultural push towards the concept of minimalism. This idea, coupled with an ever-changing economic and environmental landscape has seen the trends shift to the concept of sustainable living. Ultimately, people downsize for a variety of reasons, most of which are motivated by personal needs and financial concerns. As such, moving into a smaller home is not always the best decision, and can often be attributed to necessity over personal preference and the demand for the-lockup-and-go of most people these days.
Ready to make that life-changing decision on your next property investment? Get in touch with us for more information. Our experienced Agents of Distinction will guide you through the process of finding your ideal space.
To contact us, follow the link: https://www.homesofdistinction.co.za/
To contact one of our Real Estate Agents, follow the link: https://www.homesofdistinction.co.za/agents/
Author: LV Digital