Could downsizing be for you? The benefits of selling your family home

Newlyweds are always encouraged to take their future children into consideration when looking for their first marital home. These are often found near public transport hubs or within walking distances of schools throughout the local area - and with good reason. Ensuring your kids have access to everything they need for an educational, healthy and safe upbringing is definitely a top concern.

But what happens further down the road, when your adult children leave home and you're left with a big, empty house with excess room and lots of mismatched items - some of it sentimental, most of it rubbish - to deal with. This is the last thing you want to be taking care of as a mature homeowner in one of Australia's most exciting, vibrant cities! 

You should consider downsizing your living arrangement and moving into a more lifestyle-appropriate property, in order to really enjoy your golden years.

What is downsizing?

Downsizing is increasingly popular among Australians who are looking to change up their living situation once the kids have left home.

This often involves going through all the belongings in the home, sorting between what should be kept and what can be culled, and then selling the property - using the profits to fund their move into a smaller, more comfortable slice of real estate elsewhere. 

What are the benefits of downsizing?

Imagine leaving your suburban property and moving into a leisure apartment, small cottage, or other pieces of real estate in Sydney's Inner West region. Having the freedom to spend your days walking around the wonderful streets of the area, engaging in new hobbies and experiencing the wonderful culture cultivated across these suburbs. 

Not only this, but having a smaller space to occupy leads to a number of benefits - much easier to clean and organise, more control over the space and just a potential increase in your general quality of life.