Downsizing often is viewed as a rite of passage into retirement. So when people choose to go smaller earlier in life, it can seem like a step backward. But downsizing isn’t only for retirees and empty nesters — it makes sense for a variety of people.
A 2017 Trulia survey found that 46 percent of people between the ages of 18 and 34 want extra square footage in their homes. But bigger isn't always better. According to the same survey, nearly 61 percent of respondents who live in homes larger than 2,000 square feet said they would choose a smaller home if moving this year.
Living in a smaller space has its benefits, starting with lower housing costs and reduced monthly fees for things such as utilities. Here’s how downsizing your home can help you save money and enjoy life.
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