Downsizing a family home can be a daunting process for most. To help alleviate the process we have developed the 4-Step AVID Home Downsizing System. This system includes four clear and distinct steps, each of which builds upon the previous step to help simplify the home downsizing process.
While that may not be a bad thing, it becomes a bad thing if you can't afford the house. If you could have drawn up cottage house plans and been just fine, but instead opted for a 6-bedroom McMansion, there might be a reason that you're going through the foreclosure process. For those that haven't lost their home, however, there can still be options.
If you're looking to pay less on your mortgage, down to something you can afford a little easier, downsizing might be the way to go. You can visit https://heritagepartners.com.au/projects/ to know more about downsizing property.
But let's say you're able to sell your house that was built with French country house plans. What next? There are several ways to downsize while still giving you and your family a sturdy and comfortable home to live in.
What you'll likely have to do is make some concessions. The first thing you should do is make a list of what you love about your current home, and what you could easily live without. You might see some convergence in those two lists. For instance, you might love your workout room, but realize that having such a space is a luxury that you really don't need.