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At one time, it seemed that everything you read in the newspaper’s real estate section had to do with downsizing—the practice of selling off the family home and moving to a small, low-maintenance villa or condominium. The favored communities for downsizing were often located in the South, offering good year-round weather and no more snow shoveling. It sounded like a great deal—pre-pandemic.
For many buyers, one of the most challenging aspects of buying a home in 2020 turned out to be finding a home in the first place. Low inventory in many markets, as well as the struggles associated with local restrictions and virtual home tours, meant that some enthusiastic buyers found themselves unable to find the right space when they were ready to move forward with their purchase.
There are so many factors that go into a home buying decision that it can make your head spin, especially if you’re in a competitive market where time is of the essence. The desire to purchase a property may cause you to look past factors that could detract from your enjoyment of the home and cause some regrets down the road. When you’re weighing your options, quality of life should always be a top priority.
