Skip to Content
AMORIM, JOHN: Sequoia-big-house.jpgAMORIM, JOHN: back-of-house.jpgAMORIM, JOHN: inside-house-livingroom.jpgAMORIM, JOHN: big-house.jpgAMORIM, JOHN: house-in-town.jpgAMORIM, JOHN: inside-house-kitchen.jpgAMORIM, JOHN: house-on-rocks.jpgAMORIM, JOHN: house-with-windows.jpgAMORIM, JOHN: Sequoia-white-couch.jpgAMORIM, JOHN: Sequoia-florida-house.jpgAMORIM, JOHN: Sequoia-front-door.jpgAMORIM, JOHN: Sequoia-pool-house.jpg
agent photo

John A Amorim

Sales Representative
Mobile:(226) 338-0069

WATERLOO

180 Weber St. S,
Waterloo ON
N2J-2B2
CA

Follow Me On:

click here for LinkedIn Profileclick here for Facebook Profileclick here for Twitter profile

 

 

 

 

 

 

 

 

 

 

 

 


Buyers Resources


Property Search

Map Search

Home Hunter

Featured Properties

Thinking of Buying a Home

Schedule a Showing

Common Buyer Questions


Sellers Resources


Thinking of Selling Your Home

Home Improvements

Common Seller Questions

Am I Priced to Sell?

How Long to Sell Your Home


Mortgage Info


Mortgage Services

Mortgage Calculator

Mortgage Information

Request More Information

Contact Me


Moving


Preparing to Move

Moving


Area Resources


About Waterloo

Waterloo Education

About Kitchener

Kitchener Education & Culture

   

To Downsize

If you have any questions or would like more information on anything please Contact Me at any time. If you are planning to buy your next dream home visit my Buyers Page for more information on buying. If you are planning to sell your home visit my Sellers Page for helpful information on selling. If you would like more information about the areas I specialize in visit my About Waterloo page, my Waterloo Education page, my About Kitchener Page, or my Kitchener Education and Culture page.

DownsizingIn a world of where there is a preconceived notion that “bigger is better”, most homeowners underestimate or don’t understand the advantages of downsizing to a smaller home. For many soon-to-be retirees and “empty nesters”, their large home is just too much for them to handle. And since the children are gone, downsizing or even going back to renting can be viable way to save money and to have a more manageable home.

But you don’t have to be ready to retire to downsize. Downsizing your lifestyle as a whole, even when you have a family or if you’re a young couple, can be a great way to save money, cut expenses and live simpler. Ever since the markets have been struggling, more and more people are turning to renting or smaller homes as a way to save money and be more financially efficient.

DOWNSIZING? FIND A HOME IN WATERLOO THAT SUITS YOU TODAY!

Why downsize?

Like stated above, there are many reasons for downsizing. If you’re considering downsizing, then here are some of the reasons why you might:

  • Retiring soon: The house you have lived in for years is just too big for you, and you can’t afford to use so much effort and money maintaining it. Moving into a smaller home, an apartment or a condo can be a way to cut down on the space and make living a bit more comfortable.

  • “Empty Nester”: The day has come. Your children have all moved out and you’re feeling pretty empty and down. You may be suffering something called “empty nest” syndrome, and it’s perfectly fine. You probably don’t need the home that you’re currently living in, and you and your partner, instead, can enjoy something a bit more manageable.

  • Change in income/ tight financial situation: Feel like you’re paying too much? Loss a bit of income? If you’re feeling the squeeze of a declining economy or you’re just not doing too hot financially, then a great way to immediately cut costs is to downgrade to a smaller home. This shouldn't be a shameful decision – a lot of people decide to downsize and most of the time it’s the responsiblething to do. Plus, you may like your new lifestyle.

  • DownsizingWant to live a simpler lifestyle: There have been many success stories of previous homeowners who cut down their life dramatically, not because they had to, but because they wanted to. They didn't just move into a smaller place, but also cut down on their spending, their consumption and their belongings.

  • Travel a lot: If you have a job that requires you to travel for long periods at a time, then having a smaller place is probably the best bet to save money.

  • To avoid that tedious commute: Spending way too much on gas? Moving to a smaller property that is closer to your place of employment, then you could save some money.

The Benefits of Downsizing:

There are a lot of benefits for downsizing to a more affordable home. The obvious advantages have to do with money and how much of it you will save. If you were to go to a smaller home, or decide to rent an apartment instead, here are some of the ways you’ll save money:

  • A smaller mortgage: If you decided to downsize, you’re obviously going to have a smaller mortgage loan. This can be definitely better because you could also put down a larger down payment. Once you pay off the home you have more freedom to spend money on what you would like to spend it on.

  • Cheaper taxes: With a smaller property, you’re most likely to spend less on your property taxes.

  • Cheaper Utilities: To heat or cool a smaller home won’t cost as much. Also, you may be able to save on electricity costs because you’ll have less space to light up and use.

  • Less maintenance: Vacuum less, mow less and shovel less. Don’t worry about breaking your back any more.

  • Renting: Most people believe that renting is not a good option, especially if you’re a bit older. For some reason, renting has become frowned upon and seen as an inferior form of residence. Especially if you’re tight for cash, renting an apartment or a home is a great way to save lots of money until you have enough for a full mortgage. Buying a home in today’s market doesn't guarantee you that you’ll save more money in the long run, and home values are not necessarily going up.

There’s nothing wrong with downsizing to a smaller and more affordable home. For many, it can be a good financial decision that will enable you to save more money in the long run. With all the money saved up, that vacation to the Bahamas or Europe looks more like a possibility, doesn't it?

If you have any questions or would like more information on anythingplease Contact Me at any time. If you are planning to buy your next dream home visit my Buyers Page for more information on buying. If you are planning to sell your home visit my Sellers Page for helpful information on selling. If you would like more information about the areas I specialize in visit my About Waterloo page, my Waterloo Education page, my About Kitchener Page, or my Kitchener Education and Culture page.

Back To Top

Bookmark and Share

MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.

The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals.  Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden.  The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.

 The information contained on this site is based in whole or in part on information provided by members of The Canadian Real Estate Association, who are responsible for its accuracy.  CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
 This website is operated by a brokerage or sales person who is a member of The Canadian Real Estate Association.
 

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules and the REALTOR® Code.  The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
   


   The trademarks MLS®, Multiple Listing Service®, and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.

RE/MAX Solid Gold Realty (II) Ltd., Brokerage
180 Weber St. S
Waterloo ON  N2J-2B2
(519) 888-7110
Real Estate License # 4733440