A Fresh Start Awaits: Downsizing Made Easy
If the kids have moved out and your home suddenly feels too big, you’re not alone. Downsizing can offer a fresh start when your home no longer fits your needs. A smaller home may mean less upkeep, but consider the full cost of your next move before deciding what works for you. Think about what your next chapter needs, whether that’s a single-story layout, a low-maintenance yard, proximity to family, or a walkable community. Start sorting belongings one room at a time, and connect with your FirstTeam® agent to explore your options. Understanding your home’s current value and the costs of your next move can help you plan with greater confidence.
- When you need to work on your credit. Maybe your credit score is just starting to recover, but you need more time to pay down debts for a couple of years. With rent-to-own, you could start investing in a home while you bring up your score.
- You’re close, but not quite ready to secure a mortgage. You might have a good job with a significantly bigger salary, but you haven’t been there long enough for a lender to consider it a stable source of income. Or maybe you’re self-employed and you’re still building a reliable track record. Rent-to-own allows time to build personal wealth and financial credibility while working toward your homeownership goals.
- When you know you’re going to buy when the lease expires. If you’re not ready to buy when the lease expires, then you will lose any rent credit, i.e. investment, you’ve put into the home.
