The international trend of purchasing smaller homes continues unabated and downsizing isn’t necessarily only a symptom of tough economic times. Many well-heeled homeowners are choosing to downsize to smaller properties that are easier to manage. In South Africa, this trend has been confirmed by the latest FNB Estate Agents Survey. As sellers, the choice to downsize rather than upscale is mainly due to these five factors:
Topics: Advice, downsizing your home, Harcourts Real Estate
Real estate professionals will tell you that the average family will move once every five to ten years. This is usually to accommodate a family’s changing needs as their family grows. Often one of the last moves a family makes is from their large family home with multiple bedrooms down to a two- or one-bedroom home that houses the last two that remain: the parents.
Topics: Harcourts South Africa, Tips for Agents, downsizing your home