Can my pet live in my rental property with me? You can have pets in your rental property as long as the rental property has suitable provision to do so, and you hav...
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What are the Benefits of Downsizing?

  • Financial Benefits – Depending on where your new, smaller property is located, downsizing can dramatically reduce your mortgage costs. Smaller homes also cost less to run, freeing up cash flow.
  • Savings – By saving money on mortgage payments and running costs, you can significantly increase your retirement savings, giving you a larger nest egg when the time comes to retire.
  • Travel – Downsizing will give you more financial freedom, allowing you to travel more often.  Downsizing will provide you with a modest home base to return to in between trips, with less home maintenance than before.
  • Cheaper Utilities – A smaller home will use less electricity, gas, heating and cooling.  This will save you dollars that you can use for fun activities.
  • Freedom – By downsizing you’ll give yourself more freedom and flexibility to revisit the activities and hobbies that may have been sacrificed when you were busy looking after a larger house, garden and your children.
  • Lower Maintenance Costs – If you’re looking for a really low-maintenance home, an apartment or townhouse could be ideal.
  • Peace of Mind - Less clutter and less debt will lead to a clearer state of mind and give you the opportunity to enjoy a simplified home and lifestyle.
Downsizing offers considerable benefits, and should be considered. Your local First National Real Estate agent can provide further downsizing guidance and advice.
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