There are many reasons why homeowners make the decision to downsize to a smaller house – from too many unused rooms to preparing financially for retirement. Whatever the circumstance, downsizing has many perks.

Lifestyle changes often spark the decision to move. If your children have moved out and you no longer need the large backyard space or the extra bedrooms, the upkeep alone could inspire you to downsize. Or, if you’re planning for retirement, a smaller, less pricey property may work better for your new lifestyle.