Financial Benefits Of Downsizing: Guide From Trusted Rockville, MD Realtor

Sep 20, 2023

Empty nester? Find out if selling your Rockville, MD family home and moving to a smaller residence is a good idea by reading the new report by Marc Cormier of Berkshire Hathaway Home Services (301-660-6272 x700).

So, you’re officially retired! Now you can start doing jigsaw puzzles, tutting at youths, and clacking your false teeth. Or… enjoying cocktails on the deck of a cruise ship in the Caribbean? Well, that depends on how well you planned your retirement.

In any case… those empty bedrooms can be a burden. Is it time to turn them into cash?

If you don’t want to be very tired while you’re retired, perhaps it’s time to get rid of those extra square feet that require weekly cleaning and annual property taxes. Marc Cormier, an experienced Maryland realtor, has a new guide for you where he explains what you need to do, should you decide to downsize. Read on to find out 3 reasons why downsizing can improve your lifestyle in your golden years.

1. Financial Benefits

One of the primary advantages of downsizing to a smaller home is the potential for substantial financial savings. According to Marc Cormier, moving to a smaller residence often leads to reduced monthly expenses. You'll enjoy:

  • Lower utilities
  • Reduced insurance costs
  • Lower property taxes

But that's not all. By selling your larger property and purchasing a smaller one, you can also contribute to your retirement savings. The equity you've built up in your current home can be a valuable source of additional funds for your retirement years.

“Downsizing to a smaller home in Montgomery County, Maryland, particularly in Rockville and Silver Spring, offers numerous advantages for retirees,” Marc Cormier says. “Over the years, property values in Montgomery County have consistently appreciated. Downsizing allows you to cash in on your home equity, providing a valuable source of additional retirement savings.”

2. Easier Maintenance

Maintenance can become more difficult as you age, making a smaller home an attractive option for retirees. Smaller properties are easier to clean and maintain. You'll spend less time on household chores and more time enjoying your retirement.

3. Improved Accessibility

Another significant benefit of downsizing is improved accessibility. A one-level home eliminates the need to climb stairs, making it easier to move around and reducing the risk of accidents.

In his new guide, Marc Cormier also provides valuable tips for preparing your home for sale, including decluttering and getting rid of unnecessary items. If this process feels overwhelming, he recommends enlisting the help of professional organizers to make the transition smoother.

Selling your home? Marc Cormier can help!

A realtor with 20 years of experience, Marc Cormier offers expert guidance to retirees at every step of the downsizing process. He can help you determine the value of your home, offer suggestions for upgrades to increase its sale price, and find a new property that suits your criteria and unique needs.

Give your nest egg a boost by selling your empty nest!

Learn more and book a consultation with Marc Cormier at

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