Thinking of downsizing? Not sure if you are ready? Here's a quiz to help you decide! Finance Expert, Rubina Ahmed-Haq, shared this quiz on a CBC appearance. Ready to take the quiz? answer the 8 questions below:
- Are there rooms in your house that you aren't using?
- Do you dream of taking more vacations?
- Have your guest rooms been unused for the last six months?
- Do you have more than three bathrooms?
- Is cleaning your house becoming stressful?
- Do you have more than one junk room in your house?
- Are all your kids married and living in their own homes?
- Has your home value appreciated by more than 100%?
How many questions did you answer with a yes? The more you answered with a yes, the more you should consider downsizing your home.
The Pros of Downsizing
- Save money
- Less stress
The Cons of Downsizing
- Getting rid of stuff
- Less space
- Fewer house-guests
- Giving up old neighbours
Hopefully this quiz helped you start thinking about downsizing.