Downsize Your Home To Downsize Expenses - Right Location, Lowering Utilities, Cutting the Maintenance

Finding the Right Location
Downsizing your house is great way to lower your real estate taxes due to the lower assessments on a smaller home, but it's also an excellent opportunity to move yourself right into a new neighborhood - preferably one with lower real estate taxes and lower income taxes. Better still, it may be a chance to move to place that has a lower overall cost of living.

The site of your primary residence can have a big impact on the cost of groceries, gasoline, car insurance, commuting and more. A new location can result in a shorter trip to work and may, if you move from the suburbs to the city, enable you to get rid of your car altogether.

Lowering the Cost of Utilities
The cost of utilities is another big bill that's easy to downsize if you move to a smaller place. If you've got less space to heat or cool, you should end up with more money in your pocket at the end of the month.

Cutting the Maintenance
Over the long term, less space to maintain translates into less money spent. If you move to a smaller place, you can cancel the landscaping service and the pool boy, paint fewer rooms and resurface a smaller driveway. When things get old, dirty or need to be redone or replaced, you'll save money by fixing the smaller roof, buying one furnace instead of two and laying 1,000 square feet of carpet instead of 3,000 square feet.

via investopedia.com

Bob Abner (Huff Realty) is a well-respected, top Realtor in the Northern Kentucky/Greater Cincinnati real estate market with vast experience in the real estate industry. For Northern Kentucky Real Estate Listings and Home buying and selling Information visit: http://www.BobAbnerHomePros.com