Tag: downsizing

Cash Homebuying: Is It Possible for the Average Person?
July 20, 2023 Off

Cash Homebuying: Is It Possible for the Average Person?

By The Admiral Staff

The article details how to achieve the goal of buying a house with cash, even for those not in retirement or with limited income. It suggests strategies like living with parents to save on rent, aggressively saving by spending less than you earn, and utilizing windfalls like bonuses and tax refunds. Downsizing to a smaller, more affordable home can free up equity, and prioritizing savings over maximizing a mortgage payment can accelerate the cash-buying process. The author emphasizes safe, consistent investment strategies and ignoring conventional “how

Downsizing Doesn’t Mean Down in Savings: Why Smaller Homes Are Smarter
June 22, 2023 Off

Downsizing Doesn’t Mean Down in Savings: Why Smaller Homes Are Smarter

By The Admiral Staff

According to the National Association of Home Builders, the average size of new homes in the U.S. is decreasing, reaching 2,616 square feet in the second quarter of 2017. This trend is expected to continue, particularly as the market for entry-level homes grows. Choosing a smaller home can lead to significant savings, including lower home costs, reduced utility bills, less furniture and consumer goods purchases, and decreased time spent on cleaning and maintenance.