Are you upsizing or downsizing? - Richard Kendall Estate Agents

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Additional space

One of the main reasons to upsize your property is for the additional space it includes. There could be a variety of reasons why you need or want this space. This could be led by becoming recently married, wishing to create a family, or desiring a new space for working or certain hobbies. This would create a comfortable living environment for you and your family.

Social life

Having a larger amount of space allows you to host and entertain events, creating an exciting and fulfilling environment around you. This could enhance your social life and mental wellbeing all while creating long-lasting memories within the walls of your new home.

Future investment

Upsizing is an investment, but it is a more financially challenging one. Larger houses get higher in value as time goes on, allowing you to make money over a long period of time. It is very important to ensure you are financially stable before upsizing, as it takes a lot of upkeep and attention to maintain the value of the larger property.

Benefits of downsizing

Simpler lifestyle

The key to downsizing your house is to simplify your way of life. Having a smaller home allows you to focus more on your life outside of your home. Maybe you now have empty space within your home, as all your family have flown the nest and you’re not a homebird anymore, which encouraged you to downsize.

Financial security

69% of homeowners who have downsized in the past said their primary reason was to save money.* Downsizing gives you more financial freedom, as your monthly payments will be reduced. This will also lead to a reduction in the maintenance of a property and its general upkeep, freeing up your time.

Location change

Downsizing could also give you the advantage of moving to a different location for a property, as prices differentiate in different areas, meaning you might have to reduce the size of your property to move to a new location. People assume downsizing is a backwards step when moving along the property ladder, but occasionally it can suit your lifestyle better and should be accepted.

Which one is right for you?

Whether you’re leaning towards upsizing because of the comfort and luxury of moving up the property ladder or you want the simplified life of downsizing, it's key to align the reasons with your lifestyle and determine which one would suit you. Your choice of where to move next should be a personal choice and preference for whatever suits your lifestyle and future.

Whichever home you choose, whether you upsize or downsize, ensure you choose correctly by comparing the advantages of each.

Looking for a home that fits? Contact us today

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Great service, fast and very efficient. Thank you for all your time and effort to make this run as smooth as it could. A lot of thanks to Leah who was fantastic! Emma 24/10/2024

We recently bought and sold using Kendall's Estate agents during the period we had numerous experiences with other estate agents. Kendalls were by far the most professional. From first point of call to the Final day. We were looked after mainly by Lucy who was absolutely brilliant going above and beyond to keep us updated when Solicitors were uncommunicative. She rescued and chased answers to important questions but also addressed issues with common sense. Trish and the rest of the Kendall team always were on the ball and conveyed messages accurately and quickly. You will find communication is key to make House buying and selling being as less stressful as possible. Thank you Lucy I hope Kendall's appreciate how valuable an asset Your are to them . So 10/10 for Kendall's if you want to sell your house go to Kendall's easily the Wakefield areas best estate agent. Thanks haydn/ ceri Haydn 24/10/2024

Karen Marijewko the lady who dealt with the sale of the property conducted the process with professionalism. I was kept well informed throughout the process. I received regular updates and all was handled with efficiency. Lynne 24/10/2024

We recently used Richard Kendall’s Hallmark service to sell my dad’s property and cannot fault the efficient and friendly service from Elizabeth and Joanne. They kept in regular touch updating us with progress from buyer and solicitors, and dealt with all questions and queries promptly. A great service all round and highly recommended. Caroline 24/10/2024

My Contact was Mandy at the Ossett branch. If it wasn't for her the sale would not have happened Above and beyond Jonathan 24/10/2024

Would just like to say a massive thankyou to Richard Kendall especially to Sarah Whalley on helping us purchase our first and forever home as first time buyers the process seemed very daunting but Sarah made it a very easy experience and helped us every step of the way with any questions or queries we had and kept us up to date with weekly reports. Buying through Richard Kendall was very good and they have very high standards in keeping their clients up to date and happy with everything that is happening from start to finish Thankyou again Ryan 24/10/2024

Excellent service to Donna, and staff, pushed the sale thro, kept in contact all the time. With the solicitor, well recommend, would go with them again. Excellent Colleen 24/10/2024

Excellent and professional service from Alison who regularly kept us updated. Would highly recommend Richard Kendall Estate Agent. Jill 24/10/2024

Excellent service throughout the whole process, the house sale wasn't straight forward either, special thanks to Amanda Holt, she worked tirelessly to make sure everything ran as smoothly as possible. Laura 24/10/2024

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