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.
Are You Ready to Upsize Your Space?
For many years, downsizing has been a watchword in the real estate industry, with both retirees and younger buyers and sellers thinking about reducing their square footage for a variety of reasons. However, the advent of COVID-19 and the reality of life in a smaller space has many people rethinking their previous plans and upsizing instead. If you’re not sure which is right for you, read on to see if you and your family would benefit from upsizing your space.