Pros & Cons of
Upsizing/Downsizing
​Your Home

Pros:

• Gives your growing family the space they need
• More space for hobbies, projects, or a home-based business
• Entertain more guests and friends
• Rent out spare rooms for additional income

Cons:

• Higher mortgage payments, utility and maintenance costs mean you have less disposable income to do other things
• More time and health needed to maintain it
• Additional budget needed to purchase more furniture and other household items

Pros:

• Simplified lifestyle
• Lower housing costs means more financial flexibility
• Less maintenance frees up time to do what matters to you
• Unlocked equity from your previous home can help your other financial goals such as retirement become a reality
• Smaller carbon footprint is better for the environment

Cons:

• Smaller space may take some time to get used to
• You’ll need to downsize your possessions
• Lost time, energy, and money to move and re-establish yourself